Real Estate

Voted one of the best real estate agents in DC by the Washington City Paper Readers’ Choice Poll in 2009, hipchickindc aka the not-so-hip Suzanne Des Marais is the Principal Broker (DC) for Urban Pace, LLC. She lives (and sells a lot of houses) in Bloomingdale, but works all over DC, with everyone from first time buyers to highly regarded developers. 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: 2100 1st St NW

Legal Subdivision: LeDroit Park
Advertised Subdivision per Listing: LeDroit Park

Original List Price: $899,900.
List Price at Contract: $899,900.
List Date: 03/08/2011
Days on Market: 22
Settled Sales Price: $850,000.
Settlement Date: 04/25/2011
Seller Subsidy: $0.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional

Original Good Deal or Not post is: here

The listing can be seen: here. To see pics, open the listing link, click on the listing then scroll through from the main pic.

Although many aspects of this home are not to everyone’s taste and some may seem dated, what you can’t tell from the pictures or the listing comments is that this property was immaculately maintained. The recent owner, an architect and his wife, bought the property something like twenty years ago. At prices twenty years ago, I imagine this grand corner home must have been an architect’s dream.

At the peak of the market in 2005, 2301 1st St NW, one of the grand corner houses in Bloomingdale edged into the 7 figures with a $1,050,000. purchase price. Since then, the prices for large houses along the impressive First Street NW corridor have ebbed and flowed. As Bloomingdale continues to develop in both recognition and commercial amenities, it’s not surprising that the prices are back on the rise. These are the top sellers over the past year.

This home is located at 2200 1st St, NW:

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The flier says:

“Sophisticated Grande Dame completely restored & renovated thruout yet all arch. features maintained. Fabulous entertaining areas on each floor. Vaulted ceilings, granite kitchen w/ ss appliances. Luxury MBR and sumptuous Mstr Bath, Library, Family Room. 2 Fireplaces. All large rooms, no skinny spaces here! Big modern au pair apartment w/ front & back entrances. Zoned HVAC. PARKING!!!!!!!”

You can find more info here and a virtual tour here.

The reader writes, “I’m actually curious about the pricing on this – for its enormous size it seems low. Though since it’s still at about 3x my budget, I haven’t been watching prices in this range as much. I do love the turret and the wood floors.”

What do you guys think of the house itself – sumptuous? Do you agree with the reader who thinks the asking of $975,000 for this 5 bed/3.5 bath may be a little low? What do you think it’ll actually go for?