Real Estate

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: 139 Varnum St NW

List Price: $329,900.

List Date: 11/13/2008

Days on Market: 11

Settled Sales Price: $329,900.

Settlement Date: 12/05/2008

Seller Subsidy: None

The listing information can be found here. To see interior pics, make sure to click on the camera icon in the top left after you open the link.

This property was originally featured as a Prince of Petworth “Good Deal or Not” on November 24th, 2008. Discussion can be found here.

There are no previous listings through the multiple listing system. As noted by a PoP reader in previous comments, the tax record shows that the home was purchased in July 2008 by a company called MAFC Residential, Inc. for $146,000. Information regarding MAFC can be found at http://www.mafcresidential.com.

I saw the following comment in Yesterday’s GDON post:

“I must say. I thought i was buying at the lows a few months back. I saw areas I didn’t think were in my grasp and then jumped when I saw something in a location I didn’t think i would ever be able to afford back when I started paying attention to dc realestate in 2005. but now I cant help but wonder. should I have waited another 6 months. eh. who cares I like my place. but is anyone else wondering how much more things will slide. anyone out there sell for a loss yet? I have friends looking to sell a condo they bought in 2005 and they are not too happy as the question isn’t if they will sell at a loss but just how much that loss will be.”

So I’m curious – does anyone who bought in the last couple of years regret their purchase because they feel they may be able to get a better deal today? Also – has anyone had to sell for a loss?

This home is located at 1840 15th Street, NW.

View Larger Map

The flier says:

“LARGER THAN IT LOOKS. Beautiful fascade w/ fabulous brick detail. Untouched in years! Original mouldings & doors, but the house NEEDS EVERYTHING. .. essentially a SHELL. 10.5′ ceilings 1st flr & 9.5′ ceilings on 2nd. 3BR/1BA up (2 big BRs & 1 decent size), LR, DR & sep eat-in kit. Large yard. 2-car PKG. Partial bsmt under LR/DR & crawl space under kit. Front entrance to bsmt. AS-IS. Broker/Owner.”

You can find more info but sadly no here.

So I’m very curious about this one. The location seems to be amazing. The house looks super fresh from the outside. And the price is $594,777. That seems really reasonable, yeah? But it’s been on the market for 280 days. And there are no interior photos. So what do you think is it a good deal or not so much because it probably needs tons of money to renovate?

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. The source of information is Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system. Information is deemed reliable but not guaranteed.

2230 13th St NW: This home was featured here as a ‘Good Deal or Not’ on September 15th, 2008.

List Price: $798,425.

List Date: 11 September 2008

Days on Market: 9

Settle Date: 31 October 2008

Sold Price: $798,425.

Subsidy to the Buyer: None

Multiple offers: No

Here is the listing from MRIS for the recent sale. To see pics of the renovation, make sure to click on the camera icon at the upper left after you open the link.

Here is the link to the listing from MRIS for the investment purchase in 2007.

What people may recall about this property when it was featured as a GDoN is that it was highlighted as a “Green Renovation”. Shaughn White, who developed the property and is also a licensed real estate agent with Coldwell Banker, was kind enough to fill me in on some of the details.

The process of the renovation took a full eighteen months, which is lengthy, especially for an investor. Shaughn explained that it was time consuming because of the attention to detail with regard to the efficient systems, as well as the finishes, to make the home attractive. He did a tremendous amount of research to create what he described as a truly green build.

Some of the features that he included were: Continues after the jump. (more…)