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: Five condo units at 1244 Raum St NE
Legal Subdivision: Trinidad
Advertised Subdivision per Listing: Trinidad
Original GDoN post can be seen: here.
The original listings can be seen here: here.
The details about each unit sale in comparison to each other can be seen: here.
These newly converted condos in the NE DC neighborhood of Trinidad, north of the H Street corridor (and SoFlo, if that’s still a thing), sold like hotcakes. All but one was under contract in nine days or less, and the holdout lasted less than a month.
All of the units received a subsidy back from the developer ranging from $1198. to $11,890. Factoring those in, as well as adjusting for three units with parking, these condos sold for $365. per square foot.
This is well below the $442 median price per square foot for condos in Trinidad sold during the first quarter of 2018 (data from Compass Markets app for agents). The lower price may reflect that the location is further from H Street commercial activity than other parts of the neighborhood.
The listing agent for these transactions was Christa Hodge with McWilliams Ballard. Buyers’ Agents were Boris Miric with Fathom Realty MD, LLC, Donna Heslop-Adams with Bennet Realty Solutions, Nydia Poules with Real Living at Home, Toby Lim with Keller William Realty, and Kate Foster-Bankey with Compass.