Real Estate

“In 2014, likely when much of the development became reality (although it had been in the works for years), the median price jumped more than $100,000.”

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: 1224 Linden Pl NE
Legal Subdivision: Capitol Hill
Advertised Subdivision per Listing: Old City #1
Bedrooms: 2 Baths: 1.1 Parking: Street Basement: No Ownership: Fee Simple
Original List Price: $749,500. List Price at Contract: $749,500.
List Date: 4/26/2018 Days on Market: 11
Settled Sales Price: $731,000.
Seller Subsidy: $0.
Settlement Date: 6/12/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Linden Pl NE is a one block long enclave located one block south of H Street NE, at the east end by the diagonal intersection of Maryland and Florida Ave NE. The homes on this block tend to be 2 to 3 bedroom small to medium scale Victorians, many without basements.

Not surprisingly, the development along the H Street corridor has impacted the market value of homes in the area.

Five years ago, during the first half of 2013, the median price for a fee simple house within a fifth of a mile of the subject property was solidly below $600,000. (more…)

Sold for $715,000 after 29 days in Foggy Bottom

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: 2406 I St NW
Legal Subdivision: Foggy Bottom
Advertised Subdivision per Listing: Foggy Bottom
Bedrooms: 3 Baths: 2 Parking: Street Basement: Fully finished with front & rear exits Ownership: Fee Simple
Original List Price: $775,000. List Price at Contract: $739,000.
List Date: 4/4/2018 Days on Market: 29
Settled Sales Price: $715,000.
Seller Subsidy: $0.
Settlement Date: 6/11/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

This property was described in the listing notes by the agent as livable and in need of renovation. This is a tough scenario to price in any case. Given that there were only four fee simple (house) sales in Foggy Bottom, including the subject property, since 1 January 2018, this is an incredibly difficult house to price. (more…)

The Fourth Million Dollar Home Sold in Brookland this year. And Two more sales are pending

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: 1523 Newton Street, NE

Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 4 Baths: 4.5 Parking: Street Ownership: Fee Simple
Original List Price: $985,000. List Price at Contract: $985,000.
List Date: 4/24/2018 Days on Market: 7
Settled Sales Price: $1,010,000.
Seller Subsidy: $0.
Settlement Date: 5/31/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

At this half way point in 2018, there have been a total of three seven figure sales (and one at $999,900.) in Brookland so far this year. One was across the street from the subject property, on the same block, and the other one block over on the 1400 block of Otis. There are also currently two pending sales nearby that are listed over $1,000,000. (more…)

“After the addition of the Homer Simpson blow up doll in the attic, the property was re-released to the Spring market at a higher price and went under contract in 9 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: 3324 19th Street, NW

Legal Subdivision: Mount Pleasant
Advertised Subdivision per Listing: Mount Pleasant
Bedrooms: 4 Baths: 2 Parking: Street Ownership: Fee Simple
Original List Price: $969,900. List Price at Contract: $969,900.
List Date: 4/22/2018 Days on Market: 17 (including January listing…more info below)
Settled Sales Price: $950,999.
Seller Subsidy: $0.
Settlement Date: 5/24/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

The property listed in January for $895,000., and was swiftly removed from the market 8 days later. You can see the “Before” pics, including the giant bug sculpture mentioned in the original GDoN comments, here. (more…)

As of this moment, there are only 81 houses listed under $450,000 – that’s 6% of active listings

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: 4110 18th Street, NE

Legal Subdivision: Michigan Park
Advertised Subdivision per Listing: Michigan Park
Bedrooms: 3 Baths: 2.5 Parking: Faces Rear Ownership: Fee Simple
Original List Price: $450,000. List Price at Contract: $450,000.
List Date: 4/17/2018 Days on Market: 1
Settled Sales Price: $490,000.
Seller Subsidy: $0.
Settlement Date: 5/23/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

The original GDoN post for this modest home in the Michigan Park neighborhood of NE DC received a good number of comments that you can see here.

Considering that the comments were not particularly enthusiastic, it is very interesting to note that the home sold for nearly 9% above asking price and went under contract within 1 day of listing. (more…)

320 9th Street SE Sold in 32 Days – Quite the real estate ride since 2005

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: 320 9th St SE

Legal Subdivision: Capitol Hill
Advertised Subdivision per Listing: Capitol Hill
Bedrooms: 2 Baths: 1.5 Parking: Street Ownership: Fee Simple
Original List Price: $919,500. List Price at Contract: $899,000.
List Date: 3/14/2018 Days on Market: 32
Settled Sales Price: $899,000.
Seller Subsidy: $3950.
Settlement Date: 5/11/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

The original GDoN post for this house received an impressive total of 77 comments. Not surprisingly, a 2 bedroom house at this price point stimulated discussion around the challenge of affordability within the DC real estate market. (more…)

“These newly converted condos in Trinidad sold like hotcakes.”

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: Five condo units at 1244 Raum St NE
Legal Subdivision: Trinidad
Advertised Subdivision per Listing: Trinidad

Original GDoN post can be seen: here.

The original listings can be seen here: here.

The details about each unit sale in comparison to each other can be seen: here.

These newly converted condos in the NE DC neighborhood of Trinidad, north of the H Street corridor (and SoFlo, if that’s still a thing), sold like hotcakes. All but one was under contract in nine days or less, and the holdout lasted less than a month. (more…)

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