Real Estate

Sold in 12 Days “there is something to be said for being surrounded by views of the Park and a private half acre forest of land”

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

Featured Property: 2871 Audubon Terrace, NW
Legal Subdivision: Forest Hills
Advertised Subdivision per Listing: Forest Hills
Bedrooms: 5 Baths: 4.5 Parking: Garage, Driveway Ownership: Fee Simple
Lot Square Footage per Listing: 21,440 square feet (~1/2 acre)
House Square Footage per Listing: 4650
Original List Price: $2,895,000. List Price at Contract: $2,895,000.
List Date: 10/27/2017 Days on Market: 12
Settled Sales Price: $2,800,000.
Seller Subsidy: $0.
Settlement Date: 1/5/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

As much as the DC real estate market is driven by desire for central urban locations close to restaurants, yoga studios, and Metro, there is something to be said for being surrounded by views of the Park and a private half acre forest of land, not to mention having your own Japanese-inspired foot bridge. And all this within a fourteen minute walk to civilization and the Van Ness/UDC Metro station. (more…)

Sold in 22 Days – 104 Peabody St, NE

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

Featured Property: 104 Peabody St NE
Legal Subdivision: Takoma Park
Advertised Subdivision per Listing: Takoma
Bedrooms: 5 Baths: 3.5 Parking: Attached Garage Ownership: Fee Simple
HOA monthly fee: $118. Square footage per listing: 3157 square feet
Original List Price: $899,900. List Price at Contract: $899,900.
List Date: 10/12/2017 Days on Market: 22
Settled Sales Price: $900,000.
Seller Subsidy: $0.
Settlement Date: 12/29/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

PoPville first covered The Hampshires in 2012 as construction was getting started. Within relatively close proximity to Fort Totten and Takoma Park Metros, the community built by Comstock, is within a Homeowners Association (HOA) and includes 37 detached homes and 73 townhomes. Monthly fees in fee simple (non-condo) HOAs tend to include general exterior maintenance of common landscaping, snow plowing, etc. (more…)

Sold in Seven Days “This particular unit included a parking space, a fireplace, and a private balcony.”

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

Featured Property: 1314 W St NW #B
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 2 Baths: 1.5 Parking: Paved Driveway Ownership: Condo
Living space square footage: 706 square feet
Original List Price: $549,000. List Price at Contract: $549,000.
List Date: 11/20/2017 Days on Market: 7
Settled Sales Price: $549,000.
Seller Subsidy: $1000.
Settlement Date: 12/22/2017
Price per Settled Square Foot (adjusted for parking): $733.
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.

Repurposed as condos in 2005, this U Street Corridor conversion pre-dated the significant PN Hoffman warehouse and new construction development of Union Row, around the corner on 14th Street, by two years. This block of W Street includes several small scale (2-4 units) condo associations in formerly single family large scale Victorians. (more…)

“Eleven bedroom houses are not a regular thing in DC, especially not rowhouses.”

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

Featured Property: 3912 New Hampshire Ave, NW
Legal Subdivision: Petworth
Advertised Subdivision per Listing: Petworth
Bedrooms: 11 Baths: 4 Parking: Driveway/Off Street Ownership: Fee Simple
Lot size: 1860 square feet
Original List Price: $699,000. List Price at Contract: $699,000.
List Date: 11/9/2017 Days on Market: 7
Settled Sales Price: $810,000.
Seller Subsidy: $0.
Settlement Date: 12/14/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.

Eleven bedroom houses are not a regular thing in DC, especially not rowhouses. (more…)

In 1998 it “Settled for $111,500. with a $1969. subsidy from the Seller.” In 2017 it fared a bit better

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

Featured Property: 1883 3rd St, NW
Legal Subdivision: Ledroit Park
Advertised Subdivision per Listing: Ledroit Park
Bedrooms: 6 Baths: 4.5 Parking: Garage, Driveway Ownership: Fee Simple
Lot size: 6215 square feet
Original List Price: $1,795,000. List Price at Contract: $1,795,000.
List Date: 11/2/2017 Days on Market: 6
Settled Sales Price: $1,855,000.
Seller Subsidy: $0.
Settlement Date: 12/8/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

The earliest recorded sale available in the multiple listing system (online records only go back to the mid 1990’s) for this property was in 1998.

Two decades ago, the Anna J. Cooper Circle in historic LeDroit Park, upon which this grand home sits, was a very different place. At the time, a few houses down, Anna Cooper’s own architecturally impressive detached home sat vacant, as did many properties in the immediate area. These are old, very large homes, that are expensive to keep up and many, over time, fell into deep disrepair. (The Anna J. Cooper home was renovated around a decade ago by a developer as his own home.)

That 1998 listing? (more…)

“the number of homes sold per year between $2-$3 Million has more than doubled in the short five years since 2012”

By Prince Of Petworth

Ed. Note: The Washington Business Journal reported that this was John McLaughlin‘s house, RIP.

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

Featured Property: 3116 Woodland Dr NW
Legal Subdivision: Massachusetts Avenue Heights
Advertised Subdivision per Listing: Massachusetts Avenue Heights
Bedrooms: 4 Baths: 4.5 Parking: Attached 2 Garage Ownership: Fee Simple
Lot size: 17,581 square feet
Original List Price: $2,495,000. List Price at Contract: $2,495,000.
List Date: 7/3/2017 Days on Market: 8
Settled Sales Price: $2,625,000.
Seller Subsidy: $0.
Settlement Date: 12/1/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.

The average sale price in 2017 in the Mass Ave Heights neighborhood, near the Cathedral, Garfield Street, and the Vice President’s mansion, is over $5,000,000. The subject property, which is a 1955 detached home on a nearly half acre lot, is a bit of outlier, and not just because at a $2.5 Million list, it was priced at the low end of the neighborhood.

This sale is notable within the price point because it not only went under contract within eight days, it sold more than 5% above the list price. (more…)

“Despite having a single bathroom, the subject property went under contract within two weeks”

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

Featured Property: 1019 15th Street, SE
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 3 Baths: 1 Parking: Paved Driveway Ownership: Fee Simple
Original List Price: $649,000. List Price at Contract: $649,000.
List Date: 9/23/2017 Days on Market: 11
Settled Sales Price: $649,000.
Seller Subsidy: $0.
Settlement Date: 11/3/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.

This home is positioned within a six minute walk to the Potomac Ave Metro, and it is notable that this pocket south of Pennsylvania Ave in the east Capitol Hill neighborhood still boasts average fee simple house prices below $700,000. In contrast, settled fee simple sales within blocks, on the north side of Pennsylvania Ave, close to the Potomac Ave Metro, average in the high $900,000’s. (more…)

“Moral of the story? When the market slows down, that can be a good time to jump in.”

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

Featured Property: 513 S St, NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 3 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $789,000. List Price at Contract: $759,000.
List Date: 9/28/2017 Days on Market: 29
Settled Sales Price: $750,000.
Seller Subsidy: $0.
Settlement Date: 11/7/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.

The original GDoN post for this property appeared at the launch price of $789,000. At that price, three commenters expected the small scale house in this location to go for possibly even above $789k. It was also noted in the comments that the home had not been staged and appeared occupied. Photos were updated to show the home vacant. (more…)

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