Support

“Fifteen years ago, this stately over 6000 square foot detached house in 16th Street Heights listed for $725,000.”

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: 5700 16th St NW
Legal Subdivision: 16th Street Heights
Advertised Subdivision per Listing: 16th Street Heights
Bedrooms: 5 Baths: 3.5 Parking: Detached Garage Ownership: Fee simple
Original List Price: $1,575,000. List Price at Contract: $1,450,000.
List Date: Originally Listed 10/30/2017 Re-listed after some time off market and significant price reduction on 4/14/2018

Days on Market: 61 (most recent listing)

Settled Sales Price: $1,450,000.

Seller Subsidy: $0.
Settlement Date: 8/10/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Fifteen years ago, this stately over 6000 square foot detached house in 16th Street Heights listed for $725,000. The listing notes that multiple offers would be presented at the broker’s office (that’s the way it used to happen). It settled in late May 2003 for $760,000., which would have generally been a high price for a house in DC at the time.

Fast forward just two years later, when it next sold in late June 2005 for $1,212,5000., which was $37,500. less than asking. The interior pics from that listing are must see. Agents in DC were just starting to use digital cameras for additional pics.

From 2006 to 2008, the number of detached houses sold in 16th Street Heights declined from 44 in 2005 (which many DC real estate industry veterans would describe as a peak year) to 29 in 2006, 26 in 2007, and 26 in 2008. Prices, however, remained relatively stable.

Until 2009.

In 2008, the highest priced detached home sale in the neighborhood was $1,550,000. In 2009, the highest detached home sale was $815,000. Median net price dropped from $619,250. to $471,000.

Prices in the area began recovering and gaining upward momentum starting in 2012.

In 2017, the highest detached home sale in 16th Street Heights was $1,485,000., with a net median price for detached homes of $850,000. Year to date, the subject property is the highest detached sale in 2018, and net median price is up to $920,000. for detached homes in the legal subdivision of 16th Street Heights.

The listing agent for this transaction was Gail Milazzo with Long and Foster Real Estate Inc. Jennifir Birtwhistle, with Weichert, REALTORS, represented the Purchaser.

Recent Stories

2000 Pennsylvania Ave, NW Thanks to Brian for sending: “The Paul at 2000 Penn has closed as of last Saturday, not many left at this point!” Looks like the only…

Thanks to Dan for sending this great shot. If you spot a hawk, any interesting wildlife or celebrity skateboarder Tony Hawk, and get a good photo please send in an…

1813 Columbia Road, NW Namak is: “A new upscale casual Eastern Mediterranean restaurant in Adams Morgan — opening in late March 2024!”

[More reaction, including from AG, Councilmembers, the Developer and Monumental, after the jump.] From the Mayor’s Office: “Mayor Muriel Bowser, Chairman Phil Mendelson and Members of the Council of the…

Calling all bookworms, thrill-seekers, supporters of the arts, and ping-pongers at all skill levels! Sign up for Paddlestar Galactica, the ping-pong tournament supporting 826DC’s youth writing programs.

826DC is a local nonprofit that offers free writing programs, homework help, and publishing opportunities for DC students ages 6-18, in our Columbia Heights writing center and in learning spaces across the city.

Paddlestar Galactica helps keep writing education 100% free and accessible for all of our students! It’s also extremely fun.

This year’s games will be Saturday, April 27th, 1 PM to 4 PM at SPIN DC. It’ll be a chaotic afternoon of ping-pong, costumes, terrible Battlestar Galactica puns, and good cheer. We’d love to have you join us!

Read More

Submit your own Announcement here.

Well-Paid Maids, the only certified living-wage cleaning service in the DMV, has added a new service to its online booking menu: office and building cleanings.

This includes offices, building lobbies, shared amenity spaces and more throughout D.C., Arlington, Alexandria and more.

Unlike so many other cleaning services, you can feel good booking Well-Paid Maids to clean your office or building. Cleaners get paid a starting wage of $24 an hour. Plus, all employees are offered health, dental, vision and life insurance; 24 paid days off per year; 100% employer-paid commuting costs; and more.

Read More

Submit your own Announcement here.

Vakili Band at Pie Shop!

Three band rock n rolll lineup at DC’s Pie Shop! Vakili Band with “if you know, you know” DC rockers, Lot 18, and the many minds and songs of artist Kind of Christine.

“If you love Vakili Band like we

×

Subscribe to our mailing list