Real Estate

Wanna Buy a “Shed converted into guest house”?

By Prince Of Petworth

Thanks to a reader for sending from Craigslist:

“Shed converted into guest house/home office – $3195

Hi, I am selling my shed that I converted into a backyard guest house/home office. It is a high-quality Amish shed, which I purchased and then had a contractor add insulation and walls. It also has a loft for storage, and a bathroom area with a composting toilet. A standup shower is also in the works, but not completed just yet. The shed is 8×12. It is under a warranty now from the maker. Great shed and a very cozy space. Will help to coordinate delivery in the area.”

So Good Deal or Not?

Ed. Note: I love that they included this photo:

“This is the highest sale to date in Bloomingdale.”

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 Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 87 V Street, NW
Legal Subdivision: LeDroit Park
Advertised Subdivision per Listing: LeDroit Park
Bedrooms: 8 Baths: 4.5 Parking: Garage, Driveway/Off Street Ownership: Fee Simple
Living Square Footage per Listing: 5564 square feet Lot Sq Ft: 1900
Original List Price: $1,600,000. List Price at Contract: $1,600,000.
List Date: 2/1/2018 Days on Market: 8
Settled Sales Price: $1,700,000.
Seller Subsidy: $0.
Settlement Date: 4/4/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Everyone can breathe a sign of relief because this amazing corner home in Bloomingdale was purchased, per the listing agent, by an owner occupant with plans to restore its historic glory. Given that the price escalated $100,000., we can assume there was other interest. (more…)

Dope Multiple ‘House of the Day’ Recipient For Sale in Shaw

By Prince Of Petworth

Sorry I couldn’t resist posting this multiple “House of the Day” Honoree. It’s located at 1120 5th Street, NW. The Bright MLS listing says:

“In the heart of Shaw/Mt Vernon Triangle, rarely available 4BD/3.5BA grand Victorian boasts over 3200 sq/ft across four levels of expansive living. Steps from City Center’s world class shopping and dining. Expansive two-level roof deck. 1 car parking.”

You can see more photos here.

This 4 bed/3.5 bath is going for $1,595,000.

“At $1.4M, it was ahead of the market.” Still, This Brookland House Sold For $1,065,000

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 Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1504 Newton St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 4 Baths: 3.5 Parking: Driveway/Off Street Ownership: Fee Simple
Living Square Footage per Listing: 3300 square feet Lot Sq Ft: 6350
Original List Price: $1,399,000. List Price at Contract: $1,149,000.
List Date: 9/15/2017 Days on Market: 184
Settled Sales Price: $1,065,000.
Seller Subsidy: $0.
Settlement Date: 3/30/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Commenters to the original GDoN post called this one. At $1.4M, it was ahead of the market. The property ultimately settled for 76% of the original list price.

Including this transaction, there have been a total of eight properties sold over $1M in Brookland. One even exceeded the $1.4M price point (Listing agents for that 2016 sale were Shemaya Klar and Jake Abbott with Berkshire Hathaway HomeServices PenFed Realty, and Robert Sanders with TTR Sotheby’s International Realty brought the buyer).

Reality check: (more…)

“total units sold in DC has increased nearly 40% from 2012 to 2017, the number of $2-$3 Million sales has increased 144% during that time period.”

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 Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 3204 Rowland Pl NW
Legal Subdivision: Cleveland Park
Advertised Subdivision per Listing: Cleveland Park
Bedrooms: 4 Baths: 4 Parking: Garage, Driveway/Off Street Ownership: Fee Simple
Living Square Footage per Listing: 2650 square feet Lot Sq Ft: 9240
Original List Price: $2,500,000. List Price at Contract: $2,500,000.
List Date: 1/11/2018 Days on Market: 14
Settled Sales Price: $2,225,000.
Seller Subsidy: $0.
Settlement Date: 3/15/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

A few weeks ago, GDoN-R looked at the mega high end of the DC real estate market. Those were properties over $5 Million and represent less than 1% of total settled sales.

Of the nearly 150,000 real estate transactions in the District of Columbia in 2017, the $2-$3 Million market also represents a small (still less than 1%) percentage of the overall market. (more…)

Sold in Four Days in Brightwood “annual appreciation in DC since 2000 has been around 7.65% per year”

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 Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1415 Aspen Street, NW
Legal Subdivision: Brightwood
Advertised Subdivision per Listing: Brightwood
Bedrooms: 3 Baths: 3.5 Parking: Street Ownership: Fee Simple
Living Square Footage per Listing: 2065
Original List Price: $729,900. List Price at Contract: $729,900.
List Date: 2/1/2018 Days on Market: 4
Settled Sales Price: $741,500.
Seller Subsidy: $0.
Settlement Date: 3/5/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Located right next to the future Walter Reed development, and across 16th Street from Rock Creek Park, this detached home sold 1.59% above list price.

Last sold in basically the same condition (the half bath in the lower level appears to have been changed to a full) just over two years ago in January 2016 for net $650,250., the property gained appreciation of 14%. According to Neighborhood Scout, which provides data for real estate, annual appreciation in DC since 2000 has been around 7.65% per year.

There are currently a total of eight detached fee simple homes for sale in the Brightwood neighborhood, which includes this area adjacent to Rock Creek Park and spans across Georgia Ave NW to North Capitol Street. They range in list price from $490,000. to $1,299,000.

The listing agents for this transaction were Casey Aboulafia and Kristen Johnson with Compass (per disclosure above, the writer is affiliated with the same brokerage). Jaime Willis, also with Compass, represented the Purchaser.

“What advice do you have for first time homebuyers who are second guessing home buying due to feedback from our families?”

By Prince Of Petworth


Photo by PoPville flickr user John Sonderman

“Dear PoPville,

Looking for some crowd sourcing advice. We have been renting in SW for years and are looking to buy. We’re priced out of SW for a place with any semblance of a yard (budget is $525,000 and under) so we have turned to Historic Anacostia. We had selected a 4 bedroom (priced at $450,000) on 17th and W but we lost it when we got wishy washy as to whether that area of Anacostia was really a solid investment for property values and someone else swooped in and grabbed it.

We are looking for a place that we can live in for 2-3 years and then rent out when we relocate to be closer to family.

Where should we be looking? What advice do you have for first time homebuyers who are second guessing home buying due to feedback from our families?”

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