$818 Per Square Foot in Logan Circle

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: 1311 13th Street, NW #410
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 1 Baths: 1 Parking: On-site parking for rent Ownership: Condo
Square Footage: 703
Original List Price: $584,000. List Price at Contract: $579,900.
List Date: Originally listed for $614,900. in October 2017, with several price drops
Days on Market: 25 (most recent listing)
Settled Sales Price: $575,000.
Seller Subsidy: $0.
Settled Price per Square Foot: $818.
Settlement Date: 8/23/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

You can read about the pushback on this development from neighbors in 2013.

Pre-construction sales began in March 2016 for this 67 unit building near Logan Circle.

Designed by architect Eric Colbert & Associates, the building was developed by the Holladay Corporation. Holladay is not a stranger to the location, having developed The Rutherford at 1211 13th St NW in 2006, and The Matrix at 1529 14th St NW in 2008.

Here is the new construction sales website for Logan13. Amenities for the building include a fancy lobby, elevators, and a common roof deck.

This particular condo originally sold very recently as new construction in April 2017 for $575,900.

If you’re paying attention to the price per square foot of one bedroom condos, I’m trying to keep a running tab. The subject is more expensive because it is essentially new construction.

The listing agent for this transaction was Brian Wilson with Keller Williams Realty. Amir Tabatabai, with TTR Sotheby’s International Realty, represented the Purchaser.