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: 1336 4th Street, SW
Advertised Subdivision per Listing: River Park
Bedrooms: 4 Baths: 2 Parking: Rental parking Available On Site Ownership: Cooperative
Original List Price: $649,000. List Price at Contract: $649,000.
List Date: 10/11/2018
Days on Market: 21
Settled Sales Price: $635,000.
Seller Subsidy: $0.
Settlement Date: 12/7/2018
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.
Whereas everyone loves a Brookland bungalow, barrel top townhomes, located in SW DC’s Charles Goodman-designed River Park Mutual Homes community, get mixed reviews in PoPville. It seems people either love them or hate them.
Goodman’s River Park Cooperative is one of the few enclaves in the District of truly historic Mid Century Modern design. Located on 11 acres near the SW Waterfront, the co-op includes a high rise of individual studio, one bedroom, and two bedroom units, and the surrounding townhomes, only a fraction of which are of the unique barrel top design.
The area surrounding River Park Mutual Homes has quite recently, like so much of this city, experienced significant change with the development of the Capitol Riverfront, the revitalized SW Waterfront, and the area at the SW Waterfront Metro, largely occupied by DC Government offices.
This change, not surprisingly, is reflected in housing prices.
In 2015, we looked at one that sold for $534,000. The previous sale of the current subject property is actually mentioned in that post.
A mere 5 years ago, we reviewed the sale of this (smaller and not barrel top) townhouse at $411,000.
The listing agent for the subject transaction was Michael Shapiro with Compass (per disclosure above, the same brokerage that the writer is affiliated with). David Shotwell, also with Compass, represented the Purchaser.