In real life, hipchickindc is licensed as a real estate broker in the District of Columbia, and as a real estate salesperson in Maryland. 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 Properties: 4714 15th St NW
Original List Price: $629,000.
List Price at Contract: $629,000.
List Date: 10/20/2009
Days on Market: 25
Settled Sales Price: $629,000.
Settlement Date: 12/29/2009
Seller Subsidy: $15,375.
Bank Owned?: No
Type Of Financing: Hmmm. Type of First Trust Loan says “Other”.
Original GDoN Post is: here.
Recent Listings are: here.
While a few posters came to the house’s defense, the general consensus of PoP commenters on the original Good Deal or Not (GDoN) post was thumbs down on the recent renovation. More than one person suggested that the property would sit on the market and sell for substantially less than list price. Having toured the property during its pre-renovation state, my only objections to the post-rehab photos are that a) I’m not a fan of photos with mops and cleaning supplies showing up in photos to be used for marketing and b) I have an aversion to modern gas fireplaces situated in corners. Someone apparently found the work to be acceptable enough to ratify a contract less than a month after it hit the market and paid a net to list price (sales price less subsidy=net divided by list price) of over 95%.
As was mentioned in the GDoN comments, 15th Street is a pleasant tucked away residential street within easy proximity to the major thoroughfares of both 14th and 16th Streets. Those who place great value upon Metro access may not like the location, however, being close to Rock Creek Park is a huge perk for others. The house was recently sold as a foreclosure in June 2009. Continues after the jump. (more…)
