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 Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.
Featured Property: 603 Kenyon St NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 4 Baths: 2.5 Parking: Surface Ownership: Fee Simple
Living Square Footage per Listing: 2115 square feet
Original List Price: $998,000. List Price at Contract: $949,000.
List Date: 1/7/2018 Days on Market: 50
Settled Sales Price: $940,000.
Seller Subsidy: $0.
Settlement Date: 4/14/2018
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
This property north of Howard University falls under the current legal subdivision of Columbia Heights, however, residents of the area typically refer to the neighborhood as Park View. To understand how complicated the origin and development of “legal” and colloquial neighborhood names are, check out this quote from the Wikipedia entry on Park View:
“…Warder immediately set about subdividing the 43 acre tract of land into building lots for a new community. This was followed by the subdivision and development of other country properties in the area. These subdivisions–including Whitney Close, Schuetzen Park, and Bellevue–were organized into a single neighborhood known as Park View in 1908. Park View eventually included the subdivision of Princeton Heights to the north to round out the neighborhood boundaries.”
Properties currently offered for sale in the neighborhood range from a two bedroom condo listed for $435,000. to a large house on Rock Creek Church Rd NW that is optimistically priced at $1,700,000. You can see all of the active listings here.
Since 2014, there have been a total of eight settled sales in Park View (including the subject property) over $900,000. There is currently a pending sale on Park Pl NW that listed at $999,000. The only sale to date over a million in Park View was for a very large condo in early 2017.
The listing agents for this transaction were Peter Fortner and David DeSantis, with TTR Sotheby’s International Realty. Seth Turner with Compass (per disclosure above, the same brokerage that the writer is affiliated with) represented the Purchaser.