Sold in Three Days in Mount Pleasant

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: 3439 17th St NW
Legal Subdivision: Mount Pleasant
Advertised Subdivision per Listing: Mount Pleasant
Bedrooms: 2 Baths: 2 Basement: Daylight, Full, Fully Finished Parking: Street Ownership: Fee Simple

Original List Price: $699,000. List Price at Contract: $699,000.
List Date: 6/21/2018 Days on Market: 3
Settled Sales Price: $752,000.
Seller Subsidy: $0.
Settlement Date: 7/24/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

We’ve recently Revisited several other small fee simple house sales including this one near H Street NE sold at $731,000., this one in Foggy Bottom sold for $715,000., and this one in Capitol Hill at a pricey $895,050 net sales price.

So far in 2018, there have been 35 sales of fee simple homes in the legal subdivision of Mount Pleasant in NW DC. The legal subdivision includes both Adams Morgan, which has a good number of smaller houses, as well as the area that the subject property is located in, higher up and surrounded by many larger houses.

Of those 35 sales, five were for 2 bedroom houses (including the subject property). The five sales ranged from $699,000. to $873,200. 3443 17th St NW, on the same block as the subject property and with one ½ fewer bathrooms, settled in May for $745,000.

2 bedroom fee simple houses in NW DC generally go under contract in about a week (median days on market since the beginning of 2018 is 8).

It seems that 2 bedroom fee simple houses in NW DC have been in high demand for a while. I had to go back a decade (1/1 to 7/26/2008) to find median days on market as high as 20 (which really is not that long). Five years ago, they were moving at the same pace they are now (although substantially less expensive.)

The listing agents for this transaction were Laura McCaffrey and Laurie Rosen with Ever & Co. Real Estate. Dana Rice, with Compass (per disclosure above, the same brokerage that the writer is affiliated with), represented the Purchaser.