Real Estate

“Two years ago all of my DC Sellers moved to Portland, Oregon. Now they all move to Brookland. No joke.”

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: 1325 Trinidad Ave NE
Legal Subdivision: Trinidad
Advertised Subdivision per Listing: Trinidad
Bedrooms: 3 Baths: 2.5 Parking: Off street Ownership: Fee Simple
Original List Price: $699,900. List Price at Contract: $699,900.
List Date: 8/9/2017 Days on Market: 6
Settled Sales Price: $739,957.
Seller Subsidy: $0.
Settlement Date: 9/8/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

I’ll start this post the way I usually end them. In this case, I was the listing agent for the subject property. David Treanor with the Bediz Group with Keller Williams Capital Properties represented the Buyer in the purchase of this property. I’ve written this weekly post for PoPville since 2009, and this is the second of my own listings that I’ve ever revisited. (By the way, I don’t pick the original GDoN posts, just which ones to follow up.)

This transaction was a good story, which I have my Sellers’ permission to share. I would say this type of offer response is not typical in this location, however, it is not unusual in the current DC market as a whole.

In 2013, I assisted the recent owners in purchasing the house, before it hit the market, from Walnut Street Development. It had been gutted and completely re-built with new systems, kitchen, baths, etc. Purchase price at that time was $495,000.

A few months ago, the Sellers contacted me and said they were ready to find their next house, which they envisioned as detached with a yard, not in perfect condition so there was room to add value, and in Brookland in NE DC. (Two years ago all of my DC Sellers moved to Portland, Oregon. Now they all move to Brookland. No joke.) We found the new house surprisingly fast, and even more surprising, were able to get it under contract, in competition with another offer, contingent on the sale of their current property.

Having the new house already under contract was huge motivation to price aggressively. We also purposely listed early in the week, with the intent of giving agents time to do pre-inspections in the event of multiple offers. (more…)

Has Faison Finally Lost His Mind? Either Way, This House is Dope. Enjoy!!

By Prince Of Petworth

Thanks to Justin for sending this magnificent listing from the one and only Tom Faison via MRIS:

“Five black Suburbans in an urban fairy-tail, Georgetown abandoned by an upscale cabinet, well-healed, found roaming the softer side of the Capitol Dome. Iconic Hill Compound, enclave courtyard, guest quarters, fabled to be stables, Secret Service roost, egos to boost, heads of state visit, members pivot, nothing complicit in private meals, cutting deals, pay for plays stay, right price, overnight.”

In the words of the great Daniel Pinkwater has Faison finally popped his cork, flipped his wig, blown his stack, dropped his stopper, gushed his mush, lost his marbles, and slipped his hawser?

I guess when the photos are this good you could write the description in German and it wouldn’t matter.

More jaw dropping photos here.

For the curious, the 6 bed/3 full bath/2 half baths at 131 11th Street, SE is going for $2,295,000.

“Unit 7W appraised and closed today at $2,300,000”

By Prince Of Petworth


courtesy TTR Sotheby’s International Realty

From a press release:

“Today, Lead Developer Brick Lane and partner, Brook Rose Development confirmed the sale of Unit 7W in the Warehouse portion of The Helicopter Factory.  The Helicopter Factory is a 28,000 SF two-pronged residential development comprised of a 7,600 SF warehouse converted to two (5,100 SF and 2,500 SF) residences and 13 industrial-style luxury condominiums at 770-774 Girard Street, in NW Washington. Unit 7W appraised and closed today at $2,300,000.  This appraisal and sale is more than $800,000 above the highest recorded condo sale and $700,000 above the highest single-family sale in Columbia Heights based on MRIS data.


Rendering courtesy TTR Sotheby’s International Realty

Unit 7W is  4,700 plus square foot residence housed inside the original Gyro Motor factory. (more…)

“Remember when $600,000. seemed like a lot to pay for a house in DC?”

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: 1240 K St SE
Legal Subdivision: Not noted (just means the agent didn’t autofill via the tax record)
Advertised Subdivision per Listing: Old City/Capitol Hill/Hill East
Bedrooms: 2 Baths: 1.5 Parking: Street Ownership: Fee Simple
Original List Price: $589,000. List Price at Contract: $589,000.
List Date: 7/21/2017 Days on Market: 4
Settled Sales Price: $596,000.
Seller Subsidy: $0.
Settlement Date: 8/28/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Located a short distance from the Potomac Ave Metro and Harris Teeter, this petite rowhome settled just under the $600,000. mark. (Remember when $600,000. seemed like a lot to pay for a house in DC? Not all that long ago, really…) (more…)

“This is the second time ever that a residential property in the NW neighborhood of Petworth has crossed the seven figure threshold.”

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: 4418 5th St NW
Legal Subdivision: Petworth
Advertised Subdivision per Listing: Petworth
Bedrooms: 5 Baths: 4.5 Parking: Attached garage with garage door opener (per listing) Ownership: Fee Simple

Original List Price: $1,199,990. List Price at Contract: $1,169,990.
List Date: 7/12/2017 Days on Market: 22
Settled Sales Price: $1,169,990.
Seller Subsidy: $0.
Settlement Date: 8/25/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Wow Petworth. This is the second time ever that a residential property in the NW neighborhood of Petworth has crossed the seven figure threshold. The first one happened in November 2016. You can see info on the settled sale here. (more…)

“What a gorgeous time capsule house. It was on the market for over two weeks, which feels like an eternity in DC real estate market time.”

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: 1330 Kalmia Rd NW
Legal Subdivision: Shepherd Park
Advertised Subdivision per Listing: Shepherd Park
Bedrooms: 4 Baths: 3 Parking: Detached Garage Ownership: Fee Simple
Original List Price: $740,000. List Price at Contract: $740,000.
List Date: 7/14/2017 Days on Market: 16
Settled Sales Price: $720,000.
Seller Subsidy: $0.
Settlement Date: 8/25/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

What a gorgeous time capsule house. It was on the market for over two weeks, which feels like an eternity in DC real estate market time. This solid Tudor sold for $20,000. below list in a NW DC neighborhood close to Rock Creek Park and at the Silver Spring edge of the city. It is also not far from major upcoming development at the former Walter Reed Army Medical Center site. (more…)

“Here’s how the Petworth real estate market for houses (no condos) has changed since 2013”

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: 4412 3rd St NW
Legal Subdivision: Petworth
Advertised Subdivision per Listing: Petworth
Bedrooms: 4 Baths: 3.5 Parking: Driveway/Off Street Ownership: Fee Simple
Original List Price: $757,000. List Price at Contract: $739,000.
List Date: 6/22/2017 Days on Market: 28
Settled Sales Price: $739,000.
Seller Subsidy: $2950.
Settlement Date: 8/21/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

This classic Petworth porch front semi-detached rowhome not far from Grant Circle, originally built in 1929, was most recently renovated in 2013. At that time, the presentation of the property looked like this (click through link to see pics). In 2013, the newly renovated property sold for $619,000. with a $9285. subsidy, and went under contract within five days of listing. (more…)

“DC actually does have a few real Brownstones.” 632 C St, NE Sold in Seven 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 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: 632 C St NE

Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Capitol Hill
Bedrooms: 3 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $1,150,000. List Price at Contract: $1,150,000.
List Date: 7/6/2017 Days on Market: 7
Settled Sales Price: $1,150,000.
Seller Subsidy: $10,000.
Settlement Date: 8/11/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

DC actually does have a few real Brownstones. Per the original building permits, this home, as well as 634, 636, and 638 C St NE were designed by architect George S. Cooper, and built by Cyrus Mantz. (more…)

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