Real Estate

Sold in 3 Days “Commenters easily called this one.”

By Prince Of Petworth

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. 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 Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1333 Wallach Pl NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 3 Baths: 2 Parking: Paved with garage door Ownership: Fee simple
Original List Price: $955,000. List Price at Contract: $955,000.
List Date: 7/9/2018 Days on Market: 3
Settled Sales Price: $1,028,000.
Seller Subsidy: $0.
Settlement Date: 8/10/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Commenters to the original GDoN post easily called this one. As noted by one, “Even needing some work, I’d expect a rowhome this large in that location to go for seven figures.” (more…)

Sold in 15 Days

By Prince Of Petworth

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. 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 Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 5409 4th St NW
Legal Subdivision: Petworth
Advertised Subdivision per Listing: Petworth
Bedrooms: 4 Baths: 3.5 Parking: Detached Garage Ownership: Fee simple
Original List Price: $750,000. List Price at Contract: $724,900.
List Date: 6/28/2018 Days on Market: 15
Settled Sales Price: $725,000.
Seller Subsidy: $4000.
Settlement Date: 8/06/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Listed initially at $750,000., the seller made a quick decision to reduce the price of this renovated Tudor, positioned just south of Kennedy Street, to $724,900. after one weekend on the market. Typically in DC, the first weekend of being active will provide the agent with feedback to determine how the price sits with buyers. (more…)

“This one bedroom lower level condo in Dupont sold at list price in three quick days.”

By Prince Of Petworth

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. 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 Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1839 Corcoran Street, NW
Legal Subdivision: Dupont Circle
Advertised Subdivision per Listing: Old City #2
Bedrooms: 1 Baths: 1 Parking: Street Ownership: Condo Square Footage per tax record: 744
Original List Price: $469,000. List Price at Contract: $469,000.
List Date: 6/29/2018 Days on Market: 3
Settled Sales Price: $469,000.
Seller Subsidy: $0.
Settled price per square foot: $630.
Settlement Date: 7/31/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

This one bedroom lower level condo in Dupont sold at list price in three quick days. (more…)

Taste of Jamaica building for sale on Georgia Ave

By Prince Of Petworth

From an email:

“3308 GEORGIA AVENUE NW
OFFERING SUMMARY

$499,999
883 sf building, Zoned NC-7
Over 9 active and planned projects covering 1000+ units within 3 blocks of this site
.5 miles to Columbia Heights & Petworth Metros
Tenant renovated entire building 2 years ago and pays $2,350/ month
3 years remaining on the lease but tenant willing to sign new 10-year lease“

Sold in Three Days in Mount Pleasant

By Prince Of Petworth

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. 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 Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 3439 17th St NW
Legal Subdivision: Mount Pleasant
Advertised Subdivision per Listing: Mount Pleasant
Bedrooms: 2 Baths: 2 Basement: Daylight, Full, Fully Finished Parking: Street Ownership: Fee Simple

Original List Price: $699,000. List Price at Contract: $699,000.
List Date: 6/21/2018 Days on Market: 3
Settled Sales Price: $752,000.
Seller Subsidy: $0.
Settlement Date: 7/24/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

We’ve recently Revisited several other small fee simple house sales including this one near H Street NE sold at $731,000., this one in Foggy Bottom sold for $715,000., and this one in Capitol Hill at a pricey $895,050 net sales price. (more…)

“Despite being a basement level unit, this junior one bedroom condo moved fast”

By Prince Of Petworth

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. 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 Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 311 4th St SE #1
Legal Subdivision: Capitol Hill
Advertised Subdivision per Listing: Capitol Hill
Bedrooms: 1 Baths: 1 Parking: Street Ownership: Condo
Living area square footage per tax record and listing: 491
Original List Price: $299,900. List Price at Contract: $299,900.
List Date: 6/15/2018 Days on Market: 5
Settled Sales Price: $302,000.
Seller Subsidy: $500.
Settled price per square foot: $614.
Settlement Date: 7/17/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Despite being a basement level unit, this junior one bedroom condo moved fast and settled a tad above asking. Located on The Hill, between two Metros, in a 7 unit boutique building, it perfectly fit the market for a first time buyer or as a pied a terre. (more…)

“an interesting case study of how insanely rapidly a property in the District can increase in value”

By Prince Of Petworth

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. 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 Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1519 T St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Dupont
Bedrooms: 4 Baths: 4 Parking: Driveway/Off Street, Garage door Basement: Yes Ownership: Fee Simple
Original List Price: $1,715,000. List Price at Contract: $1,699,900.
List Date: 4/19/2018 Days on Market: 45
Settled Sales Price: $1,675,000.
Seller Subsidy: $0.
Settlement Date: 7/10/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Located just east of 16th St NW, this large Victorian, with three levels above grade and a basement, is an interesting case study of how insanely rapidly a property in the District can increase in value (and perhaps an example of the effect of tenancy on market value).

Listed in July of 2006 for $650,000. (more…)

“First Town, Cobalt in 2021?”

By Prince Of Petworth

RIP Town. Thanks to DJ for sending. The Bright MLS listing says:

“NOTE: Sale includes 1637 R Street, NW as well (Lot 84 in Square 178), Rare opportunity to own significant Dupont commercial real estate. Metro, sidewalk cafes, historic charm and a vibrant urban atmosphere contribute to an environment conducive for redevelopment of these structures. 1637 R Street is vacant, 1639-41 R is leased through March 31, 2021. Ed. Note: Cobalt. Owner will review offers August 6, 2018 at 1PM”

It’s listed for $4,300,000. STAY TUNED.

Sold For Asking in Eight Days – Quite a Ride Since We Originally Posted back in 2012

By Prince Of Petworth

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. 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 Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1008 Shepherd St, NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 4 Baths: 3 Parking: Carport Basement: Yes, Partially finished Ownership: Fee Simple
Original List Price: $819,000. List Price at Contract: $819,000.
List Date: 5/1/2018 Days on Market: 8
Settled Sales Price: $819,000.
Seller Subsidy: $0.
Settlement Date: 6/25/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

I had the opportunity to show this house, located just behind the Turkey Thicket Rec Center and ginormous playground, to buyers in early May when it was on the market. Those buyers ended up buying a house further east, much larger, and less pricey, however, this one was super cute.

Something really important to values and the pace of market activity is how the perception of buyers changes over time based upon comparisons and expectations. Fortunately, the internet offers up a time machine of information to this point. (more…)

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