Real Estate

“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…)

“Brookland is a remarkably consistent neighborhood for market activity.”

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: 1500 Lawrence St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 1 Parking: Offstreet parking Ownership: Fee Simple
Original List Price: $549,000. List Price at Contract: $549,000.
List Date: 9/13/2017 Days on Market: 34
Settled Sales Price: $545,000.
Seller Subsidy: $0.
Settlement Date: 10/24/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

The subject property is a detached home on a 3742 square foot lot, with several mature trees, in the NE DC neighborhood of Brookland. The $549,000. list price reflected current condition, and that the home had a single full bathroom, no central air conditioning, and an unfinished basement. (more…)

This House Just Sold For $1,250,000 in Truxton Circle after 4 Days on the Market

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: 23 N Street, NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 5 Baths: 4.5 Parking: Off Street, Garage Door Opener Ownership: Fee Simple
Original List Price: $1,250,000. List Price at Contract: $1,250,000.
List Date: 9/21/2017 Days on Market: 4
Settled Sales Price: $1,250,000.
Seller Subsidy: $0.
Settlement Date: 10/19/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

This Victorian rowhome is located on the same block as the former Brass Knob Warehouse/future Republic Cantina/Chapman Stables condos. Within recent years, nearby Dunbar High School has been completely re-built and NOMA continues to take shape. Positioned at the south end of the neighborhood, the property is close to both New York Ave and the 3rd Street Tunnel (great spot for a reverse commute). (more…)

“Median price for a house in this neighborhood is $546,500. They go quick, though.”

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: 2438 2nd St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $549,000. List Price at Contract: $535,000.
List Date: 9/7/2017 Days on Market: 11
Settled Sales Price: $545,000.
Seller Subsidy: $3000.
Settlement Date: 10/18/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Although only on the market for eleven days, the listing underwent a price reduction from the original $549,000. to $535,000. This quick improvement had its desired effect of catching the attention of presumably more than one interested buyer, sending the settled price relatively close to the original ask (at net $542,000.)

So far into 2017, there have been a total of 23 sales of fee simple houses in the Edgewood neighborhood, which overlaps the legal subdivision of Brookland in NE DC. The neighborhood is within blocks of higher priced Bloomingdale, as well as Red line Metro. (more…)

Kearney’s Grocery Building Sells After 40 Days in Truxton Circle

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: 90 O St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 3 Baths: 1 Parking: Street Ownership: Fee Simple
Original List Price: $850,000. List Price at Contract: $850,000.
List Date: 7/10/2017 Days on Market: 40
Settled Sales Price: $750,000.
Seller Subsidy: $0. (listing data said $100k, but spoke to listing agent who verbally confirmed it was an error)
Settlement Date: 10/05/2017
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 had no comments, which is unusual. Understandable, though, as it’s kind of an outlier listing. I call these “Resi-mercial” deals, which are sales that are too small for the commercial agents, and small enough for potential residential use. They tend to be listed by primarily residential agents. (more…)

I know Trinidad is Hot but

By Prince Of Petworth

Thanks to Janette for sending:

“$1.2M for a shell of a house on Benning road. “Bring flashlight.” Think it’ll go above asking?”

It’s located at 1810 Benning Rd, NE and the full listing for this 3 bed/3 bath going for $1,200,000 says:

“Perfect opportunity to own in the H St corridor area, Metro within 1 block, walk to Atlas Performing Arts Ctr, restaurants, and much more, walk/bike to Cap Hill & National Arboretum, major development underway all around, shell, bring flashlight, make 1810 yours then live in one and rent two! Seller reserves the right to accept or reject offer.”

Mount Pleasant Magic – Sold 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 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: 1702 Lamont St NW

Legal Subdivision: Mount Pleasant
Advertised Subdivision per Listing: Mount Pleasant
Bedrooms: 5 Baths: 3.5 Parking: Street Ownership: Fee Simple
Original List Price: $1,295,000. List Price at Contract: $1,295,000.
List Date: 8/29/2017 Days on Market: 9
Settled Sales Price: $1,330,000.
Seller Subsidy: $0.
Settlement Date: 10/02/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Not only do we have Before pics, this house was a GDoN post here on PoPville in 2010. (more…)

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