Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.
GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. Unless specifically noted, neither she nor the company that she is affiliated with represented any of the parties or were directly involved in the transaction reported below. Unless otherwise noted, the source of information is Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.
Featured Property: 405 O St NW #2
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 3 Baths: 3 Parking: Street Ownership: Condo Monthly fee: $284.94
Living Square Footage per Listing: 1690 square feet
Original List Price: $849,900. List Price at Contract: $849,900.
List Date: 1/19/2018 Days on Market: 5
Settled Sales Price: $885,000.
Seller Subsidy: $0.
Settled Price per Square Foot: $524.
Settlement Date: 2/28/2018
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
Last week, GDoN-R reported on the sale of a duplex condo in Columbia Heights/Park View that settled with a $503. price per square foot. The subject property of this post is also an upper duplex condo in NW DC, located further south and east (in Shaw near the O Street Market Development) in relation to last week’s, and sold at $524. per square foot. While it might not seem like much of a difference, that extra $20. or so per square foot can mean a few tens of thousands of dollars to the Seller.
Pricing per square foot is less helpful and reliable with fee simple houses because there are typically too many other variables to factor (such as finished square footage versus unfinished) and the measurements are not as consistent. Because the comparisons are more consistent, using price per square foot with condos can be a good approach to looking at apples in relation to apples, so to speak.
Not all condos are equal, though. Agents still need to factor in amenities, such as a roof deck in this case, as well as parking, whether a unit is a two-level or a flat, an upper or a lower, etc. Variables, such as parking, are subtracted prior to calculating, and parking spaces are worth more or less depending on location. Larger duplex units tend to have a lower price per square foot than tiny units, and new construction can have a significantly higher price per square foot than units that were converted even just four or five years ago.
The listing agent for this transaction was Sebastien Courret with Compass (per disclosure above, the writer is affiliated with the same brokerage). Chad Dudley, with Remax Realty Services, represented the Purchaser.
1336 U Street, NW previously home to Newtown (and Tabaq before them) “Welcome to Hawthorne, a four-story bar and DJ-focused venue at the intersection of 14th & U Streets with…
Update: “We’re sad to announce that Celebrate Petworth tomorrow has been cancelled.” “September 23, 2023 // 11am-5pm on the 800 block of Upshur Street NW Celebrate Petworth is a free…
If you get a photo with any of your shirt/merch on your travels – please send a photo with where you went to my email at [email protected] thanks! Thanks to…
“Dear PoPville, George Washington University maintains the Community Counseling Service Center and is currently accepting new clients. This underutilized resource serves to make mental health access available to all who…
District Cutlery is celebrating their 10th and 11th anniversaries this week (we forgot last year) and offering customers 25% off all sharpening services. Walk-in service at Union Market is welcome or you can make arrangements for mail-in service on their website. Typical turn-around is less than an hour (but sometimes the queue gets long).
DMV’s professional chefs and passionate home cooks have trusted the District Cutlery with their knives for over 10 years. You can see pictures of their work @districtcutlery Instagram. They also specialize in sharpening styling shears, scissors and smaller garden tools and axes.
Girls in Gear is a Non-Profit that teaches girls age 5+ life skills through bike skills. We aim to get your girl to fall in love with herself, her friends, and her bike! Registration is open across the DMV for our eight-week program that starts the weekend of September 23rd. Programming runs for 90 minutes once a week on a weekend morning.
All abilities of riders – balance bikes, training wheels, two wheels, road-bike pros and everything in between – are welcome. We are non-competitive and focus on having fun no matter what your level of riding is. We pride ourselves in being a low-cost program and also have a no-questions-asked scholarship policy that includes bikes and helmets if needed.
DMV Sites Fall 2023:
LiLi The First FALL COLLECTION is so grand and exceptional, they needed two days to celebrate it.
Saturday – OPEN HOUSE, cookies and cocktails with newly arrived collections from Paris, Tokyo, Turin, Tel-Aviv and NY.
Sunday – MEET THE DESIGNER,