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. 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…)

This home is located at 3307 Macomb Street, NW.

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The flier says:

“Classic Cleveland Park home in superior condition. This home boasts 6/7 bedrooms in addition to a library, family room, breakfast room, and an incredibly light lower level which is above ground. Parking, wonderful outdoor spaces, and an ultra convenient location makes this home worth a visit.”

More info and tons of photos found here.

Well this is a true house porn post. I’m interested to hear what you think about the house itself. But for those who are interested it’s on the market for $2,695,000. Man I can’t even imagine having enough to purchase a house for $695,000…

So actually maybe now is a good time to ask – any speculation on how folks afford these homes? Are they all super lawyers? I’m mean we don’t have NYC hedge fund money here, yeah? I’ve seriously been curious about this for a while.

This 2 bedroom 2 bathroom condo is located at 2920 Sherman Ave, NW

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The flier says:

“Spacious & Sunny Top Floor with 9 Foot Ceilings! Bedrooms lead to Large Sundeck! Dream Closets & Extra storage. Jacuzzi tub in Master Bath Gourmet Kitchen with Bosch Appliances & Granite Counters. Airy & Open floor plan with skylight & exposed brick wall! <1 Mile to 2 Metros! Furniture, Plasma TV's and Entertainment System Negotiable!Reduced 20k!" You can find more info and photos here.

So from the outside I had no idea that there was such posh digs inside. So yeah, as I’ve been saying if you don’t want to comment on the price that’s cool, let me know what you think about the condo itself the pictures are pretty dope sky. For those that are curious do you think it can go for $420,000?

This home is located at 1601 8th Street, NW:

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The flier says:

“This is an excellent opportunity to buy a huge property on a corner lot in historic Shaw. Property is in solid condition and is a very attractive investment. It had been leased most recently for $3,200 per month (6.5% Cap Rate at asking). Finished basement. Blocks to local restaurants, Logan Circle and downtown.”

More info but sadly no photos can be found here.

It’s obviously a tough call without photos but this does seem like a big house with lots of potential. Does $595,000 sound reasonable?

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.

In a recent edition of Good Deal or Not, there seemed to be some interest in having some follow up as properties sell (or not). I took a moment to go back as far as the beginning of October 2008. From that time to 12/10/08, the Prince has featured an impressive total of fifty eight actual listings and one FSBO (for sale by owner) that was not in the regional multiple listings system.

Out of fifty eight listings, only one has settled (which I’ll provide more info on in a sec). Here’s what happened to the rest so far:

• 39 remain active
• 6 are under contract
• 1 is temporarily off the market
• 10 are withdrawn
• 1 is expired

The details can be found <a href =http://matrixreports2.mris.com/MatrixReportServer/CMAOutput/35904/CMA_Summary_Detail2225.PDF> here.
Sooooo, which one sold?

919 Euclid St NW, is a renovated 3 bedroom 2 full bath townhome with covered parking. It was on the market for a grand total of 8 days (very nice). It was listed for $425,000. and settled for the magic number of $417,000. with a subsidy from the Seller in the amount of $11,917. It closed on October 30^th, 2008 with FHA financing, which means that an owner occupant purchased it.

$417,000. really is the magic number because it’s the upper limit for conforming loan pricing. Over that amount, one starts to get into the territory called “high conforming”, up to $729,000. Over $729,000., at least until December 31^st, 2008, after which it will change to $624,000., one enters the really scary neighborhood of jumbo loan pricing.

I noticed that the property had only recently changed hands prior to this sale. In July, it had been purchased for $226,000.

I’ve included both the recent sale and the July sale listings <a href=http://matrix.mris.com/Matrix/Public/Email.aspx?ID=28123365172> here</a>. To see before and after pics, click the camera icon to the top left of each listing.