Real Estate

Sold in Six Days – 1018 Park Rd, NW – “for more than $100,000 over list price”

By Prince Of Petworth

GDoN-R

Hipchickindc (aka Suzanne Des Marais) is a licensed real estate broker. She 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 Real Estate Business Intelligence (RBI). Information is deemed reliable but not guaranteed.

Featured Property: 1018 Park Rd NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 4 Baths: 2.5 Parking: Driveway Ownership: Fee Simple
Lot Square Footage: 2501 square feet
Original List Price: $899,900.
List Price at Contract: $899,900.
Original List Date: 02/17/2016
Days on Market: 6
Settled Sales Price: $1,009,800.
Seller Subsidy: $0.
Settlement Date: 03/18/2016
Transaction type: Standard

Original GDoN post is: here.

The listing can be seen here: here.

A number of commenters to the original GDoN post expected this home to sell above list price. It actually sold for more than $100,000 over list price. (more…)

A New Contender for Strangest Listing Photos of All Time

By Prince Of Petworth

listing photos
via Zillow

“Dear PoPville,

You have to post this! It is the “basement rents for $2900 in Woodridge edition.”

How classic is the pic of the woman by the bathtub with the dog?”

The full listing for 3100 26th St, NE says:

“BIG DC house with BIG yard. A steal at a MILLION [$975,000]. Location Location Location. Off South Dakota Avenue, corner house with detached garage and ample off street parking. Basement is currently a rental at $2,900 a month, has it’s own separate entrance. The basement renovation paid for itself 3 times over. All photos with carpet are in the basement. Photos with hardwood are upstairs in main part of house. Photo with child and dog in bathroom is masterbath to master bedroom. Jetted tub. Blue bathroom is in the basement. Other 2 bathrooms are on the 1st and 2nd floors upstairs.”

Sold After Six Days in Logan

By Prince Of Petworth

GDoN R

Hipchickindc (aka Suzanne Des Marais) is a licensed real estate broker. She 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 Real Estate Business Intelligence (RBI). Information is deemed reliable but not guaranteed.

Featured Property: 1516 Kingman Pl NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Logan Circle
Bedrooms: 3 Baths: 3.5 Parking: Driveway Ownership: Fee Simple
Lot Square Footage: 1584 square feet
Original List Price: $1,895,000.
List Price at Contract: $1,895,000.
Original List Date: 02/10/2016
Days on Market: 6
Settled Sales Price: $1,900,000.
Seller Subsidy: $0.
Settlement Date: 03/25/2016
Transaction type: Standard

Original GDoN post is: here.

The listing can be seen here: here.

Tucked away on a one block long street just between 14th Street NW and Logan Circle, this home is Victorian from the street and ultra modern behind the front façade. Last purchased in 2014 for $899,000. (and prior to that in 1992 for $232,000.), the 2014 listing reported that, at that time, the home “needs significant updating”. (more…)

How Much the Mount Pleasant House that “needs structural repairs” Sold For in 24 Days

By Prince Of Petworth

GDoNr

Hipchickindc (aka Suzanne Des Marais) is a licensed real estate broker. She 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 Real Estate Business Intelligence (RBI). Information is deemed reliable but not guaranteed.

Featured Property: 3302 19th St NW
Legal Subdivision: Mount Pleasant
Advertised Subdivision per Listing: Mount Pleasant
Bedrooms: 3 Baths: 3 Parking: Detached Garage Ownership: Fee Simple
Lot Square Footage: 2212 square feet
Original List Price: $795,000.
List Price at Contract: $650,000.
Original List Date: 10/24/2015
Days on Market: 24 (was off market in between 2015 listing & present listing)
Settled Sales Price: $565,000.
Seller Subsidy: $0.
Settlement Date: 03/08/2016
Transaction type: Standard

Original GDoN post is: here.

The listing can be seen here: here.

Unfortunately, the sales price in relation to the list price is not an April Fools joke. Over the past six months, fee simple homes in Mount Pleasant have sold with a 99.36% median list to sales price ratio, so this is truly an anomaly. Current median sold price for fee simple homes in Mount Pleasant is $962,500. (more…)

“$1.3 Million in Truxton?!?”

By Prince Of Petworth

truxton
220 P Street, NW

“Dear PoPville,

Remember the building that collapsed a couple years ago on P? It was recently finished and a few of the units are on the market now. The most expensive is $1.3 million! I don’t think I have seen anything listed that high in Truxton. They are nice looking units, but that seems crazy. Then again, the Ditto development on NJ and P could be in that range if the 5th and Q units are any sort of a price point.”

Sold After 40 Days in Kalorama/Adams Morgan

By Prince Of Petworth

1869 Mintwood

Hipchickindc (aka Suzanne Des Marais) is a licensed real estate broker. She 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 Real Estate Business Intelligence (RBI). Information is deemed reliable but not guaranteed.

Featured Property: 1869 Mintwood Pl NW #12
Legal Subdivision: Kalorama
Advertised Subdivision per Listing: Kalorama
Bedrooms: 1 Baths: 1 Parking: Street Ownership: Cooperative
Square Footage: Approximately 450
Original List Price: $289,900.
List Price at Contract: $274,900.
List Date: 12/03/2015
Days on Market: 40
Settled Sales Price: $273,500.
Seller Subsidy: $0.
Settled Price per Square Foot: $607.
Settlement Date: 03/03/2016
Transaction type: Standard

Original GDoN post is: here.

The listing can be seen here: here.

Located on a quiet residential street within easy access of Adams Morgan nightlife, as well as green space, and Metro, this junior one bedroom co-op unit was one of four units that sold within the past six months for under $300,000. in the immediate area. This particular unit had previously been a studio unit. The recent seller had reconfigured the space to allow for separate sleeping space and comfortable living area. The sale also included a separate storage unit. (more…)

Holy Guacamole “Petworth ranked first again with an average gain of $337,000 per flip.”

By Prince Of Petworth

FlippingDeal_list-2
via Redfin

From Redfin:

“We looked at neighborhoods in the U.S. with the highest average gains per flip and found that Petworth was the top neighborhood with an average gain of $337k. Brookland, Brightwood and Del Ray in Alexandria also made the top 10 list.

In the DC metro area, flippers gained an average of over $135K between initial purchase and sale. To be clear, these are gains, but not profits as they don’t represent any investments the flipper made for renovations, etc.”

Which Neighborhoods Are Hottest for Home Flips?

Petworth in Washington, D.C., ranked first again with an average gain of $337,000 per flip. The Washington, D.C. area featured prominently in the top 10. Flippers fared well in Brookland ($290,000) and Brightwood ($261,000) in the District and Del Ray in Alexandria, Va. ($255,000).

Steve Centrella, an agent in Washington, D.C, said, “The golden ticket for developers in D.C. is Grandma’s house, a tired home with solid bones and well-cared-for original elements available at a low price that can be refreshed with an updated look and modern finishes.”

But Centrella warns that buying a flip can be a buyer-beware situation. “If the home is quickly flipped by a novice renovator, you really need to look out for the ‘lipstick on a pig’ situation where the home has been freshened up, but the bones, utilities and roof could be hiding all sorts of unpleasant surprises.”

Sold After 121 Days in Bloomingdale

By Prince Of Petworth

GDoNR

Hipchickindc (aka Suzanne Des Marais) is a licensed real estate broker. She 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 Real Estate Business Intelligence (RBI). Information is deemed reliable but not guaranteed.

Featured Property: 72 V St NW
Legal Subdivision: LeDroit Park
Advertised Subdivision per Listing: Bloomingdale
Bedrooms: 5 Baths: 4.5 Parking: Driveway/Off Street Basement: Fully Finished
Ownership: Fee simple Lot Square Footage: 1667
Original List Price: $999,950.
List Price at Contract: $975,000.
List Date: 11/10/2015
Days on Market: 121 (includes current and earlier version of listing)
Settled Sales Price: $925,000.
Seller Subsidy: $4,000.
Settlement Date: 03/04/2016
Transaction type: Standard

Original GDoN post is: here.

The original and most recent version of the listing can be seen here: here.

This house in Bloomingdale is notable for backing to over an acre of community green space known as Crispus Attucks Park. Until the mid 2000s, Crispus Attucks Park was a field enclosed by chain link fencing. Neighbors were instrumental in creating the vibrant landscaped space that exists today. You can see learn more about the interesting history of the park here. (more…)

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