Thanks again to DC realtor Kevin Wood for compiling this list of home/condo sales for zip codes – 20011, 20010, 20009, 20002, and 20001. Click below on “February Home/Condo Sales” for the full list in pdf format. Please let me know if there are other zipcodes you’d like included in future home sales reports.
This Carriage House is located at 3640 New Hampshire Avenue, NW (in the back):
The flier says:
“Welcome to The Woodrow, this carriage house is fantastic with two master suites, one with it’s own private balcony. A renovated Carriage house is one of DC’s rare gems and this one is quite a find. Inside you will be welcomed by a distinct balance of trational and contemporary design. This home was created for entertainers, whether cocktail or dinner parties, you and your guests are home.”
More info but sadly no photos found here.
So I went inside and you’ll have to trust me on this, the place is totally redone. In my humble opinion I think it looks really nice. It’s definitely a high end renovation. The flier also says ” 2 Master Suites, Roof Deck, Private Balcony, Fire Place, and Custom Granite Bar.”
I’m also a sucker for carriage houses… But this is on the market for $499,900. Sound reasonable assuming the inside is decked out (and trust me it is)? I’m thinking even though it’s really nice that price is a bit too high for a 2 bedroom.
This home is located at 3214 19th Street, NW:
The flier says:
“Fantastic Renovation. Very large home with 5 bedrooms, 4 1/2 baths. Total of 3050sf, 2250sf above grade and 800 sf below, completely finished. Tax record does not reflect recent additions. Custom kitchen, oak flooring, multi-level deck with master suite private access, professional landscaping, detached garage.”
More info, photos and a virtual tour found here.
This house seems to be a complete renovation. So what do you think of the renovation and what do you think of the price which just squeaks under house porn status (arbitrarily set by me at $1 mil) at $984,500? Now I do think this a super sweet location. And it also seems like a big house with 5 beds and 4.5 baths. But answer me this, if it was a complete renovation – how come they painted the outside pink?
This home is located at 1421 Varnum Street, NW:
The flier says:
“Elegant open floor plan, renovation using traditional details and contemporory style. Bright Open Kitchen & Dinning area plus bonus room. Full basement with quarter bath & door to rear garden, fenced yard and 1 car garage. Solid wood panel doors and glass transomes. Stunning hardwood floors and extensive moldings. Located near Rock Creek Park.”
More info and photos found here.
Just a few doors down you’ll find another home for sale at 1421 Varnum Street, NW.
The flier says:
“”ESTATE SALE” VERY LIVEABLE SOUTH FACING WIDE & DEEP WARDMAN STYLED ROW HOUSE, FRENCH DOORS, HARDWOOD FLOORS, 2 DENS, RECREATION ROOM W/ BAR, TRANSOMS, 2.5 BATHS, 2 CAR PARKING, NEWER WINDOWS, UPDATED ELECTRICAL, BOILER & HOT WATER HEATER, W/ D, WALK TO COFFEE HOUSE “HIGHLANDS” & ROCK CREEK PARK!!! APPROX> 1.2 MILES TO THE ZOO”
More info and photos for this home found here.
The first home looks pretty sweet and is on the market for $589,000. The second home actually has one more half bath than the renovated home and is listed for $485,000. So what do you think of the homes themselves? Is one of them better priced given their conditions? If you were in the market which would you go for?
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: 1406 Corcoran St NW #C
Original List Price: $765,000.
List Price at Contract: $649,000.
List Date: 04/24/2008
Days on Market: 239
Settled Sales Price: $635,000.
Settlement Date: 02/18/2009
Seller Subsidy: $0
Bank Owned?: No
Recent Purchase and Re-Sale: No. Last reported transaction was in 2000 for $301,500.
Original GDoN Post is here.
Recent listing can be found here.
To see pics, click the filmstrip icon at top left of that listing.
After a hefty 239 days on the market, this duplex condo unit finally went to contract, following a few rounds of price reductions. PoP readers commented a bit on not liking the ubiquitous tile throughout the unit, but the 17 foot ceilings, roof deck, garage, and location might even qualify this as good condo porn.
This property falls into a tricky price range for conventional financing of late. With second trusts a notion of the past, minimum down on something like this going conventional is 10%. Given that many folks might rely on equity from another property or cash out from a stock portfolio to make that happen, it considerably narrows down the pool of ready and able buyers. Still, the buyer of a property in this price range is within the “super conforming” interest rate range, which means the low cost of borrowing is very attractive for those who can do it right now.
Good deal? Considering that the last Penthouse unit (#D, albeit with hardwood instead of all that tile) sold in July of 2007 for $676,000., I’ll say “yes”.
This condo is located at 1435 Chapin Street, NW:
The flier says:
“WOW! New, never been lived in HUGE 1BR+den/1.5BA with parking!!! Just a 1/2 block to Meridian Hill Park and a few blocks to either U Street or Columbia Heights Metro. .. best of all worlds!! HWD floors, Silestone counters, Stainless Appliances, W/ D, SOUTH facing windows with LOTS of light & pet friendly! Become a part of the HOT U Street neighborhood!!!!”
More info and a virtual tour found here.
So this is a 2 bedroom 1.5 bath located fairly close to Meridian Hill Park and U Street. It’s got a very open layout. The asking price is $459,000. In addition to whether or not you think the price is realistic, what do you think of the condo itself?
As you’ve seen I spent some time in 16th Street Heights last weekend so I thought for sure I’d find a good house porn selection. Right away I was excited about this stand alone house located at 4615 16th Street, NW:
The flier says:
“Elegant Italianate-influenced center hall brick colonial with deep front and rear yards. Includes four finished levels and features high ceilings, crown moldings, french doors, stone fireplace and great hardwood floors. Generous size rooms including sunny den and sitting rooms on 1st & 2nd levels. Estate property in good livable condition selling “As IS”.”
More info and photos found here.
This house actually isn’t too far from yesterday’s GDoN post. But I thought this one was worth noting because it’s a stand alone and I was taken with the front porch. You may recall I qualify house porn for homes over $1 million. This home is on the market for $699,000. Suffice it to say I was pleasantly surprised. In addition to the price what do you think about the house itself?
There’s another nice one for the same price a couple blocks north at 4834 16th Street if you want to compare the two.
This home is located at 4714 15th Street, NW:
The flier says:
“Lovely three level town home located in prestigious Street Heights community. Complete with large and private master bedroom, open kitchen, and covered patio that overlooks historic community. Conveniently located near major commuter routes, quality schools, and plenty of shopping and restaurants. NOTE PROPERTY HAS NO HEAT OR AC”
More info and photos found here.
I was super intrigued by this house and thought for sure this was gonna be a good one. Then I read the last sentence – “Note Property has no heat or ac”. There’s always a catch, yeah? Well, I’m still curious to know what you think. Was this a renovation that ran out of money? Anyway, the asking price is $389,000. What do you think?
These condos are located at 3534 10th Street, NW:
The flier says:
“Brand new complete renovation of charming older building
Located on a quiet suburban street
Highly efficient unit layouts
Off-street parking available
Many state-of-the art GREEN Building features (link to Green Features tab)
Granite countertops and stainless steel appliances in kitchen
Oak hardwood floors in living area
Built-in custom closet organizers
Pet-friendly building
Storage spaces available”
More info and a virtual tour from their Web site.
There are 23 units in the building and prices range from mid $100s for an efficiency and low to mid $200s for a 1 bedroom. Full pricing info can be downloaded here.
I like the location of this spot and the model unit that I checked out seemed pretty nice. So what do you think – good deal or not?
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 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.
It might seem a bit anticlimactic to be talking 2008 market numbers in February. For what it’s worth, Metropolitan Regional Information Systems (MRIS) unceremoniously rolled the official numbers out last week. (Agents had until the end of January to update all 2008 listing information, hence the timing). I figured the numbers would still be of interest, so here they are.
First of all, let’s be clear at what we’re looking at. This is Pure DC, people. Most media sources that describe the “Washington DC Metropolitan Area Real Estate Market” are giving you DC, Loudon County, Gaithersburg, with the kitchen sink thrown in, too. Right here we are talking only District of Columbia and all District of Columbia.
You’ve heard, “Location.Location.Location.” The second rule of real estate is that all markets are local. Of course, we could get intensely specific and look at the numerous micro markets within the District. Intuitively, most people get that the Petworth market is different from Georgetown. For a moment, however, let’s step back and look at the overall performance of the residential real estate market for DC as a whole.
Not surprisingly, there was an almost 25% reduction in the dollar volume of settled sales from 2007 to 2008. The total dollar volume of sales declined from $3,988,755,576. to $3,001,913,863. Additionally, the number of units sold (a whole house equals a unit, as does a condo or co-op unit) decreased from 7,422 in 2007 to 5,563 in 2008. That is a 25.05% drop. Average days on market went up from 69 in 2007, to 80 in 2008. Continues after the jump. (more…)