Real Estate

GDoN Revisited by Hipchickindc

By Prince Of Petworth

In real life, hipchickindc is licensed as a real estate broker in the District of Columbia and Virginia, 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 Property: 3700 13th St NW

Original List Price: $549,999.

List Price at Contract: $498,999.

List Date: 10/01/2008

Days on Market: 313 (this may be a record for a settled GDoN-R)

Settled Sales Price: $475,000.

Settlement Date: 09/30/2009

Seller Subsidy: $11,000.

Bank Owned?: No

Type Of Financing: Conventional with $95,000. (20%) down payment.

Original GDoN Post is: Here.

Recent Listing is: Here.

Perseverance, a good solid price reduction, and dwindling inventory finally resulted in a settled sale for this upper Columbia Heights property. Located just a tad over half a mile from DC USA (referred to in the listing as “USA Mini Mall”), my buyers in this price range would consider this close in. It looks like the Seller invested in several updates since it was purchased during the pre-Target era back in the 1997 for $139,000. Someone noted in the “Good Deal or Not” (GDoN) comments that being an end unit was not an advantage, but I find that people like the extra windows and not having an immediate neighbor on one side.
The original GDoN post ran last November, shortly after the house was first listed. With the combination of insanely low mortgage interest rates and the looming deadline of the Federal First Time Homebuyers Tax Credit, Fall 2009 is finding us in a very different market than the same timeframe in 2008.

Good Deal or Not? Under Contract in 6 Days Edition

By Prince Of Petworth

This home is located at 1623 Monroe Street, NW:


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The flier says:

“Charming 1930s townhouse, handsomely renovated and updated. Granite Kit open to DR, large LR, 2 spacious BR, lower level family room/BR with travertine BA, front porch, rear deck, PARKING, oak floors, 4 blocks to Metro, walk to shops, restaurants, Rock Creek Park, etc. Fantastic condo alternative!”

More info and photos found here.

Here’s another small(ish) house that looks nicely renovated. I’m curious what you guys think about the asking price and why it went under contract so fast. The asking price for this 2 bed/2 bath was going for $499,000. Is that a phenomenal deal?

I Was Hoping For a GDoN but Let’s Call it a GDoN Rental.

By Prince Of Petworth

I’ve been admiring the renovations going on at this house located at 1333 T Street, NW. (It’s not far from St. Ex.) I saw a sign out front last week but it was only for rent, so sadly we don’t get to see any photos of the interior. But if anyone is curious how much it costs to rent the main house (minus the basement unit) it is $5500 a month. This is for a 4 bed/3.5 bath including parking. Sound reasonable?

Good Deal or Not? Weekly Wed. House Porn (Reader Submitted)

By Prince Of Petworth

This home is located at 2007 Columbia Road, NW:


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The flier says:

“Stately 1900 Victorian townhouse mansion, thoughtfully restored to its original turn-of-the-century elegance by current owner. Over 6,600 interior square feet, large formal rooms, ideal for grand entertaining. Stunning kitchen, enormous MBR suite w/ library and sitting rm, sep. 2BR/2BA in-law suite, one-car garage parking.”

More info found here and a virtual tour found here.

Woah. That’s some good house porn. The reader writes, “This is some unbelievable house porn, just up Columbia Road from the Reagan Hilton. Wow. And the interior decoration is just indescribable.” What do you think of the interior?

It’s yours for $2,695,000…

Good Deal or Not? Lucky 7s Edition

By Prince Of Petworth

This home is located at 63 Seaton Place, NW:


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The flier says:

“Stunning Renovated Victorian w/ chef’s kitchen, open floor plan allows separate dining. Living w/ bay window, gas fireplace. Hardwood floors. Large Master Suite w/ cathedral ceilings & spacious ensuite bath. Landscaped front yard + back deck for outdoor dining. Off street parking w/ roll up door. Located near Shaw METRO. Seller reserves right to accept/reject offers.”

More info found here and a virtual tour found here.

I love Seaton Place in Bloomingdale, it seems like a very quiet block with beautiful homes. What do you think of this particular home? The “chef’s kitchen”? Does $614,777 seem reasonable for this 5 bed/3.5 bath?

Good Deal or Not? Renovated Shell Edition – Reader Request

By Prince Of Petworth

This home is located at 1235 W Street, NW:


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The flier says:

“Stunning renovation! Stripped down to the brick walls and converted into beautiful home w/ open contemporary flair. Hardwood floors on 1st 2 lvls, gourmet kit w/ upgraded appliances, exposed brick walls, ceramic baths and GENEROUS sized rooms. Corner property allows for incredible light. Roof deck 2 to 3 parking spaces. High ceiling hgts; finished bsmnt ideal for media room.”

More info and photos found here.

The reader writes:

“A for sale sign just went up at the house on the corner of 13th and W Streets NW. This one breaks my heart because it
looked like it used to be a corner store and would have been a great place for a little neighborhood market or cafe.”

I agree with the reader that this would have made a great little cafe but I’m definitely still happy it is no longer an ugly eyesore. What do you think of the renovation? It nearly made house porn status – it’s going for $974,900…

Good Deal or Not? I Hope You Like Tiles Edition (Reader Request)

By Prince Of Petworth

This home is located at 816 Taylor Street, NW:


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The flier says:

“SIMPLY STUNNING!! A MUST SEE! COMPLETELY RESTORED and CUSTOMIZED home with four finished levels of living. * * OVER 4500 SQUARE FEET * * Beautiful BRICK/GRANITE/MARBLE/WIDE PLANK HARDWOODS surround you at every turn!! OPEN LIGHT BRIGHT CONTEMPORARY FEEL!! HUGE PRIVATE PARKING AREA. .. completely fenced yard. .large front/side porch and more!”

More info and photos found here.

The reader who sent in the listing was concerned that “a tile factory exploded all over its insides”. Other than some over ambitious tiling in the kitchen, I’d say it’s a pretty nice renovation. However, I think the asking price may be a few years a head of it’s time, though it is a very large house. This 5 bed/5.5 bath is going for $875,000. Any predictions? What do you think of the renovations?

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GDoN Revisited by Hipchickindc

By Prince Of Petworth

In real life, hipchickindc is licensed as a real estate broker in the District of Columbia and Virginia, 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 Property: 433 M St NW

Original List Price: $1,099,000.

List Price at Contract: $999,000.

List Date: 05/04/2009

Days on Market: 101 days (there is a withdrawn listing that was on for 33 days and then the most recent listing for 68 days. Typically, the total listing time will show under the tag DOM-Prop unless there has been a 90 day break between listings. For some reason, the time that the withdrawn listing was on the market did not register in the total).

Settled Sales Price: $965,000.

Settlement Date: 09/30/2009

Seller Subsidy: $0.

Bank Owned?: No

Type Of Financing: Conventional with $315,000. down payment.

Original GDoN Post is: Here.

Virtual Tour is: Here.

Recent Listing is: Here.

The Good Deal or Not (GDoN) post for this property was published back when the property was offered for sale at over $1,000,000. It ended up settling for over $100,000. less than the original list price, but still well north of $900,000. The location and price made for some good heated GDoN discussion.

CABHF commented that “The 400 block of M is my favorite street in the whole city.” From an architectural perspective, this is also one of my favorite blocks. There are some truly lovely and unique properties and interesting history, as well. I recently brokered the acquisition of 444 M St NW, which is currently under construction and will soon re-emerge as M Street Flats.

Someone noted that “The property was bought for $80k (you read that right) back in ’02…”, which is not quite accurate. Tax records indicate what appears to be a transfer among owners, so more likely one owner bought out the other. In 1995, the property was purchased for $180,000.

Good Deal or Not? Mt. P Reader Request

By Prince Of Petworth

This home is located at 1612 Newton Street, NW:
W

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The flier says:

“Charming, sunny 1930s TH in Historic Mt Pleasant, 3 blocks to Metro, shops, restaurants, theater & Rock Creek Park. Handsomely renovated to provide 3 finished levels, 2 lrg BR 1BA up, finished lower level den, family room and 2nd BA, corian/stainless Kit, spacious rear deck, front porch, PARKING.”

More info and photos found here.

A reader writes:

“Wondering if this is a GDoN….the house first listed at $529,000 and the price has now dropped to $499,000. GDoN? It is at 1612 Newton St NW, just off 16th St.”

What do you think of the house itself? Does $499,000 sound reasonable for a 2 bed/2 bath?

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