Real Estate

“I just got done selling a house in Shaw and can’t believe how casual and nonchalant people are with other people’s things”

By Prince Of Petworth

open-house
Photo by PoPville flickr user Erin

This is from this morning’s rant/revel but is so crazy I’m curious if others have had similar experiences:

“I don’t know if there is something in the water in the District, or people have just lost their damn minds but just got done selling a house in Shaw and can’t believe how casual and nonchalant people are with other people’s things.

Due to my employers frenzied last minute move of me, I had moved all my stuff out of the house and moved away before it hit the market, so the house was empty but not unmonitored (I had a cameras inside watching the entire first floor and the back and front).

I had half a dozen or so people go to the bathroom in my house, a few take # 2’s and a couple people not bother to flush after they used the toilet. I mean, you are in a strangers house for 10 freaking minutes and you feel the need to crap in their bathroom?!. I had realtors come over and literally throw their food/candy/gum wrappers on the kitchen/living room floor or leave their trash/food wrappers/empty soda containers on the kitchen counter. I had agents walk out and not lock the doors, leaving the house unlocked for days, or start playing with the thermostat.

I had a prospective buyer root through my mail (while their agent stood right there) which was in a pile by the front door, take a magazine and leave with it. (more…)

Sold in 47 Days – 1850 L Street, NE

By Prince Of Petworth

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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 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: 1850 L St NE
Legal Subdivision: Trinidad
Advertised Subdivision per Listing: Trinidad
Bedrooms: 2 Baths: 1.5 Parking: Driveway/Off Street Ownership: Fee Simple
Original List Price: $459,950.
List Price at Contract: $449,950
List Date: 08/26/2016
Days on Market: 47
Settled Sales Price: $451,000.
Seller Subsidy: $0.
Settlement Date: 11/15/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listing can be seen here: here.

This property was listed prior to Labor Day. Inventory of active listings was seriously low at that moment, and the number of homes newly listed for sale shot up in many neighborhoods across DC the weekend following Labor Day. Buyers were in and out of town over the summer, making the buyer pool somewhat unpredictable. Agents were also reporting that many buyers at that time were waiting to see what new listings would come on the market after Labor Day. (more…)

“sales data from properties that are coming on the market now will start giving feedback in about a month in relation to the effects of this historic election”

By Prince Of Petworth

gdon-r

Suzanne Des Marais is an associate broker with 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: 2422 2nd St, NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 2 Baths: 2 Parking: Street Ownership: Fee Simple
Original List Price: $489,950.
List Price at Contract: $489,950
List Date: 09/28/2016
Days on Market: 2
Settled Sales Price: $515,000. (Net $499,550.)
Seller Subsidy: $15,450.
Settlement Date: 11/01/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listing can be seen here: here.

In reviewing the market history for the subject property, I happened to notice that the first transfer on record in the multiple listing service (which only started in its current form in the mid-1990’s) was on the 17th of September 2001…less than a week post-9/11. At the time, it settled for $53,000., which was $6000. over the asking price.

Agents working in DC post 9/11 will recall a huge sense of uncertainty that pervaded the market. Eventually, following 9/11, the DC real estate market returned to normal and continued to thrive as the District welcomed new residents. Many areas of the city experienced revitalization that began in the early 2000s.

From a market perspective, agents rely on what we hear from our peers about open house attendance, number of (or lack of) multiple offers, days on market, price reductions, etc. Statistical data, however, will always lag behind what we experience anecdotally. For example, we will never know the actual peak or valley of a market until after it has happened. (more…)

Petworth Featured in the New York Times

By Prince Of Petworth

petworth

Lots of love for Petworth in the New York Times. Tell me something I don’t know!! But nice to see the recognition has spread. Thanks to the many many excited Petworthians who sent me emails. Here’s how they define the borders of Petworth:

“Petworth is bounded by Emerson Street NW to the north, Rock Creek Church Road NW and Spring Road NW to the southeast and south, the 18th-century Rock Creek Church Yard and Cemetery to the east and Arkansas Avenue NW to the west.”

But if you are looking to get out of dodge – This is going for $489,000 in Belize

By Prince Of Petworth

outtadodge

I very much love DC, hopefully that is obvious, but this is giving me pause… Thanks to a reader for sending from Sotheby’s International Realty:

“Belize Sotheby’s International Realty is excited to offer this charming Caye Caulker oceanfront cottage! The home was constructed in 2012 and is being sold completely furnished. The property has split living quarters with two units. Consider living in one and renting the other! On the ground floor you’ll find a 1bed/1bath 650 sq.ft. studio. Up the flight of stairs you’ll have access to a 2bed/ 2 full bath apartment with 1200 sq. ft. including the 3rd floor loft. Tastefully decorated with a Caribbean flair and very unique items. Some reclaimed building materials including doors, decor and accent pieces have been gathered from throughout Belize.The sandy lot measures 99 x 147 and has both mature trees and new growth. Plenty of space for constructing additional indoor/outdoor living space! Very unique and a “must see” for anyone looking for a vacation home, rental opportunity or considering relocating. As an investment, you will gain instant equity, as the property was previously sold at a much higher price, and Belize is now more poplar than ever before! Close to amenities, in a quiet area, right on the water…what more could you ask for?! Caye Caulker has so much to offer with water activities including snorkeling, diving, fishing and wind surfing. On land, join in on birdwatching and enjoy over 100 species, some of which are rarely found elsewhere! Walking around town you’ll notice well over 2 dozen gift shops, many markets, and local artisans. When you are ready to dine, more than 25 restaurants offer Belizean and international cuisine, including fresh seafood with lobster, conch and red snapper as seasonal specialties. Belize is a very special place, and Caye Caulker is one of the many reasons why!”

The 3 bed/3 bath is listed at $489,000.

Sold in Six Days in Hill East

By Prince Of Petworth

gdon-r

Suzanne Des Marais is an associate broker with 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: 114 18th Street, SE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Old City #1
Bedrooms: 4 Baths: 3.5 Parking: Driveway/Off Street Ownership: Fee Simple
Original List Price: $799,900.
List Price at Contract: $799,900.
List Date: 09/28/2016
Days on Market: 6
Settled Sales Price: $827,000.
Seller Subsidy: $0.
Settlement Date: 10/31/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listing can be seen here: here.

Hill East houses first broke the $500,000. price point in 2004, and $600,000. in 2005, when DC was on an aggressive price trajectory. The area saw $700,000. for the first time in 2006. (more…)

Have a Look Inside “The O House” Oddly Located on P Street

By Prince Of Petworth

1519-p-street-northwest-2

I love this house and have featured it a few times as House of the Day. I came across the listing when I was looking for today’s house porn post but offers were due yesterday. I still wanted to show it for anyone else who’s been curious what’s beyond the fence.

The listing for 1519 P Street, NW says:

“Offers due Tuesday 12:00 PM. “The O House” – A rare offering of one of the most defining homes in Logan Circle. Fully detached 2BR/2.5BA two level home w/ an expansive enclosed front courtyard. Superb location w/ timeless finishes, light-filled + a touch of history. 2-car parking. Less than a block to Whole Foods, CVS, VIDA… Blocks to Dupont Metro! Easy living at its best in a prime location.”

1519-p-street-northwest-inside

You can see more photos here. The 2 bed/2.5 bath was listed at $1,450,000. What do you think it’ll end up going for?

1519-p-street-northwest

Sold in Seven Days “undeniably charming house sold six figures above list price”

By Prince Of Petworth

gdon-r

Suzanne Des Marais is an associate broker with 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: 3024 Macomb St NW
Legal Subdivision: Cleveland Park
Advertised Subdivision per Listing: Cleveland Park
Bedrooms: 4 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $1,190,000.
List Price at Contract: $1,190,000.
List Date: 09/07/2016
Days on Market: 7
Settled Sales Price: $1,321,000.
Seller Subsidy: $0.
Settlement Date: 10/25/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listing can be seen here: here.

As was noted in the comments to the original Good Deal or Not post, per a Washington Post article, the subject was originally a Sears kit home and, until now, was owned by the same family since it was built in 1929. (more…)

Sold in Eight Days for $600,000

By Prince Of Petworth

gdon-r

Suzanne Des Marais is an associate broker with 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: 913 11th St NE

Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Old City #1
Bedrooms: 3 Baths: 2 Parking: Street Ownership: Fee Simple
Original List Price: $575,000.
List Price at Contract: $575,000.
List Date: 09/18/2016
Days on Market: 8
Settled Sales Price: $600,000.
Seller Subsidy: $0.
Settlement Date: 10/17/2016
Transaction type: Standard

Original GDoN post can be seen: here.

The listings can be seen here: here.

The original Good Deal or Not post for this South of Florida Ave (do we still say So Flo?) house in NE near H Street…in need of a bit of work…drew a total of 46 comments. (more…)

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