Hipchickindc is a licensed real estate broker. Her latest business venture can be seen here. 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. Information is deemed reliable but not guaranteed.
Featured Property: 506 7th St SE
Legal Subdivision: Capitol Hill
Advertised Subdivision per Listing: Capitol Hill
Original List Price: $390,000.
List Price at Contract: $390,000.
List Date: 09/09/2011
Days on Market: 12
Settled Sales Price: $450,000.
Settlement Date: 10/26/2011
Seller Subsidy: $0.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional
Original GDoN post is: here.
The listing can be seen: here. To see the photos, after opening the listing link, scroll through the arrows on the main pic.
It was pretty clear that commenters to the original Good Deal or Not (GDoN) post expected the price of this home to get bid up. And bid up it did, to $60,000. over the listed price.
The home was not very large, but there’s definitely an appeal to many people for being in the heart of Capitol Hill (and this is in the actual subdivision of Capitol Hill, rather than in Old City). Since November 2010, in addition to the sale of the subject property, the subdivision of Capitol has seen exactly three fee simple sales under half a million dollars.
Continues after the jump. (more…)
