GDoN Revisited by Hipchickindc – 223 11th St SE

Voted one of the best real estate agents in DC by the Washington City Paper Readers’ Choice Poll in 2009, hipchickindc aka the not-so-hip Suzanne Des Marais is an Associate Broker with Urban Pace. She lives (and sells a lot of houses) in Bloomingdale, but works all over DC, with everyone from first time buyers to highly regarded developers. 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 Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system. Information is deemed reliable but not guaranteed.

Featured Property: 223 11th St SE
Legal Subdivision: Capitol Hill
Advertised Subdivision per Listing: Capitol Hill
Original List Price: $1,278,999.
List Price at Contract: $1,199,500.
List Date: 06/20/2010
Days on Market: 125
Settled Sales Price: $1,195,000.
Settlement Date: 11/19/2010
Seller Subsidy: $0.
Bank Owned?: No Short Sale? No
Type Of Financing: Veterans Administration (VA) loan

Original GDoN is: here.

The Listing from before the renovation and the recent sale of the renovated property can be seen: here. To see pics of each listing open the listing link, click on the main pic, and scroll through.

In the original Good Deal or Not (GDoN) post, the listing agent’s remarks for this property note that the house had been “vacant for thirty years”. You can see some images of the home in its un-renovated state on the link to the listing above. What is truly amazing to me is not so much the transformation of this particular home, but that it makes me think how compared to, say, ten years ago, the number of houses throughout the District of Columbia that have been vacant for many years has been so drastically reduced.

Continues after the jump.

Someone mentioned in the GDoN comments that the shell “sat on the market forever”. Listed in September of 2008 for a whopping $795,000. list price, the derelict property weathered 496 days on the market before finally selling to a cash buyer (the recent seller) for $560,000. It settled at that price on the 29th of January 2010 and hit the market as a full blown renovation six months later.