Real Estate

LeDroit Park Red Hot Real Estate – Sold in 2 days. No parking. For more than 10% above the list price.

By Prince Of Petworth

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with the Bediz Group, LLC at Keller Williams Capital Properties . 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: 400 U Street, NW
Legal Subdivision: LeDroit Park
Advertised Subdivision per Listing: LeDroit Park
Bedrooms: 5 Baths: 4 Parking: Street Ownership: Fee Simple
Original List Price: $1,290,000. List Price at Contract: $1,290,000.
List Date: 4/26/2017 Days on Market: 2
Settled Sales Price: $1,425,000.
Seller Subsidy: $0.
Settlement Date: 5/23/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Sold in 2 days. No parking. For more than 10% above the list price.

West of Shaw and East of Bloomingdale, LeDroit Park is an enclave of historic homes tucked above Rhode Island Ave NW. The area has recently enjoyed a surge in seven figure sales, as renovations in the area push to hit new standards of design and finish.

Very recently, Good Deal or Not Revisited (GDoN-R) posted about this nearby sale on Elm Street, which settled for $1,510,000. That home also lacked off street parking. (more…)

Sold in 18 Days – 3155 Mount Pleasant St, NW #202

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 the Bediz Group, LLC at Keller Williams Capital Properties . 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: 3155 Mount Pleasant St NW #202

Legal Subdivision: Mount Pleasant
Advertised Subdivision per Listing: Mount Pleasant
Bedrooms: 1 Baths: 1 Parking: Street Ownership: Condo
Monthly condo fee: 291.91 Square Footage per listing: 750
Original List Price: $424,555. List Price at Contract: $424,555.
List Date: 3/2/2017 Days on Market: 18
Settled Sales Price: $415,000.
Seller Subsidy: $0.
Settled Price per Square Foot: $553.
Settlement Date: 5/12/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Tree-lined Mount Pleasant is a neighborhood in NW DC that is bounded by Rock Creek Park, Adams Morgan, and Columbia Heights. The neighborhood is notable for large scale rowhomes and detached houses, however, the condo market in the area is extremely active. (more…)

“The fifty-six unit Dresden, which cost $250,000 to build in 1909, was sold by Harry Wardman for $500,000. in 1910.”

By Prince Of Petworth

dresden

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 the Bediz Group, LLC at Keller Williams Capital Properties . 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: 2126 Connecticut Ave NW #42
Legal Subdivision: Kalorama
Advertised Subdivision per Listing: Kalorama
Bedrooms: 2 Baths: 2.5 Parking: Street & Off Site Ownership: Condo
Original List Price: $1,595,000. List Price at Contract: $1,500,000.
List Date: 9/06/2016 Days on Market: 204
Settled Sales Price: $1,375,000.
Seller Subsidy: $0.
Settlement Date: 4/28/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

GDONr inside

Located in the recently much mentioned Kalorama neighborhood, the Dresden is a Harry Wardman-built “Best Addresses” building. “Best Addresses” is the coffee table book owned by every downtown DC real estate office and was written by historian James M. Goode detailing histories of 162 Washingtonian apartment, co-op, and condo buildings. (more…)

Amazon Brick and Mortar Store Coming to Georgetown next to Nike

By Prince Of Petworth

3040-M-Street-NW-dc
3040 M Street, NW back in 2012. Today the left side, previously Barnes & Noble, is now a Nike store and the Right side was a former Barneys and is the future Amazon

Thanks to FridayGirl for sending from the Washington Post:

“Steven Roth, the chief executive of Vornado Realty Trust, told investors this week that Amazon has leased 10,000 square feet at 3040 M St. NW in Georgetown, a storefront previously occupied by Barneys New York. He did not specify when the store is set to open.”

Sold in 3 Days – 1534 1st St, NW

By Prince Of Petworth

1534-1st-St-NW-R

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 the Bediz Group, LLC at Keller Williams Capital Properties . 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: 1534 1st Street, NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 3 Baths: 1.5 Parking: Street Ownership: Fee Simple
Original List Price: $644,900. List Price at Contract: $644,900.
List Date: 2/14/2017 Days on Market: 3
Settled Sales Price: $600,000.
Seller Subsidy: $0.
Settlement Date: 4/24/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

living-room

Located just south of Bloomingdale in Truxton Circle, west of NOMA, and east of Shaw, this Formstone coated Victorian settled more than 6% below list price. These Victorians tend to be smaller in scale than their larger cousins in Bloomingdale, however, they are in close proximity to the New York Ave Metro, the Bloomingdale Farmer’s Market, Big Bear Café, and the numerous new restaurants in the area.

Truxton Circle was a bit overlooked during the big renovation boom of the (Pre-NOMA development) early to mid 2000s, so although there are plenty of renovated properties being sold, houses in need of TLC can still be found. (more…)

Sold in 8 Days – 1432 T St, NW

By Prince Of Petworth

1432-T-St-NW-

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 the Bediz Group, LLC at Keller Williams Capital Properties . 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: 1432 T Street, NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 2 Baths: 2.5 Parking: Driveway/Off Street Ownership: Fee Simple
Original List Price: $1,050,000. List Price at Contract: $1,050,000.
List Date: 3/15/2017 Days on Market: 8
Settled Sales Price: $1,100,000.
Seller Subsidy: $0.
Settlement Date: 4/24/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

gdonr

For some buyers, location overcomes small space, and in contrast to many luxury condos in the area, this fee simple home has private outdoor space. Parking and storage are also a plus.

Currently, there are two active listings on the same block, just off 14th Street, around the corner from Trader Joe’s and Ted’s Bulletin, and many other retail options. (more…)

Sold in 25 Days – 208 Elm St, NW

By Prince Of Petworth

208-Elm-St-NW-revisited

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 the Bediz Group, LLC at Keller Williams Capital Properties . 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: 208 Elm St, NW
Legal Subdivision: Ledroit Park
Advertised Subdivision per Listing: Ledroit Park
Bedrooms: 5 Baths: 4.5 Parking: Street Ownership: Fee Simple
Original List Price: $1,675,000. List Price at Contract: $1,599,900.
List Date: 2/17/2017 Days on Market: 25
Settled Sales Price: $1,510,000.
Seller Subsidy: $0.
Settlement Date: 4/10/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

gdonr

For those who were speculating in the comments of the original GDoN post, this gut renovated detached home with no parking finished out at just over one and a half million dollars.

One year ago, LeDroit Park had a 5200 square foot detached home with two carriage houses (and parking for six cars) sell for net $2,335,000. The next highest sale ever for a residential property in the neighborhood was at $1,675,000. in July 2016…again a very large detached property, large lot, all brick, four fireplaces, parking. (more…)

Sold in Six Days $60,000+ over Asking in Petworth

By Prince Of Petworth

gdon revisited

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 the Bediz Group, LLC at Keller Williams Capital Properties . 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: 4107 8th St, NW
Legal Subdivision: Petworth
Advertised Subdivision per Listing: Petworth
Bedrooms: 3 Baths: 2 Parking: Driveway/Off Street Ownership: Fee Simple
Original List Price: $649,900. List Price at Contract: $649,900.
List Date: 3/2/2017 Days on Market: 6
Settled Sales Price: $712,000.
Seller Subsidy: $0.
Settlement Date: 3/31/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

gdonrinside

The original Good Deal or Not post regarding this property brought forth some interesting conversation (which you can see here. Several commenters expected the property to sell over $700,000. (which it did), and others appreciated the “character” of the place in contrast to brand new completely renovated houses, which some perceived as more sterile.

Google maps puts this at a six minute walk to Metro and Safeway, which definitely is an add for desirability, and makes a strong case for holding or increasing in value. As of this listing, the subject house has not brand new appliances, a galley kitchen, does not have central air and employs radiator heat (radiator heat is very efficient and home inspectors generally like it).

For perspective, a house that was similar in size and location but not as prepped for listing sold in December for for $551,000.

And a house around the corner on Taylor that appears fully gut renovated with open floor plan sold a few weeks ago for $841,000.

The listing agent for this property was Marshall Carey with Redfin Corp. Loic Pritchett with TTR Sotheby’s International Realty, assisted the Buyer.

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