Real Estate

Good Deal or Not? “motorized blackout curtain” edition

By Prince Of Petworth

This condo is located at 500 M St, NW:


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The flier says:

“Sunlight, Style & Sophistication in Mt. Vernon Square. Walk to Metro, Safeway, restrnts, shopping & gym. High ceilings, fab gourmet kit w/ granite & ss + amenities rarely found at this price point-heated flrs, 2 flat screens, audio sys w/ in wall iPod dock & touchscreen controls, motorized blackout curtain, tankless H20 htr, instant hot water, heated towel racks, custom closet, front loading W/ D.”

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

Very curious to hear what folks think of this one – this 1 bed/1 bath is going for $289,000 ($149.10 monthly condo fee). Sound realistic?

Good Deal or Not? “3 bdrm/2.5 bath penthouse w/ amazing views” edition

By Prince Of Petworth

This penthouse is located at 27 Logan Circle NW:


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The flier says:

“Spectacular 3 bdrm/2.5 bath penthouse w/ amazing views facing Logan circle out the front windows and wonderful southern city views from the large pvt roofdeck. OPen Living/Dining. Huge MBR. Features incl custom finished floors, vaulted ceilings, custom lighting, open kit, plantation shutters & shades and many designer finishes throughout. Steps to everything in Logan/14th St. 1 car secure parking.”

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

Price has dropped a little bit – it was original on the market for $925,000 but is now yours for $899,000. What do you think it’ll go for?

(Was it a) Good Deal or Not? Under Contract in 4 Days edition

By Prince Of Petworth

This home is located at 2103 17th St, NW:


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The flier says:

“Sunny, spacious, 2 BR, 1.5 BA historic rowhouse on quiet street at nexus of Dupont Circle and U Street. 1180 sqft. , open flr plan on main level, hardwd floors, brick fireplace, granite counters, & stainless steel appliances. Master BA w/ jet tub, separate shower. Fenced & landscaped front and back. Charming front porch w/ wrought-iron railing, large back deck. 10 min. walk to Dupont or U St. metro.”

You can find more info here and photos here.

I was eager to post this as a regular GDoN but I was shocked to see it is already under contract in only 4 days. I love the location but was surprised that it is only a 2 bedroom. This 2 bed/1.5 bath was listed for $650,000. Do you think it went for that?

GDoN Revisited by Hipchickindc – 3615 Warder St NW

By Prince Of Petworth

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 an Associate Broker with Urban Pace. 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: 3615 Warder St NW
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Original List Price: $549,000.
List Price at Contract: $549,000.
List Date: 10/22/2010
Days on Market: 94
Settled Sales Price: $545,976.
Settlement Date: 02/25/2011
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. Virtual tour can be found here.

I have to admit that I was a little surprised that the Good Deal or Not (GDoN) commenters did not go all ballistic on the list price. On the contrary, marybindc started the comments with the question, “It looks like a fabulous deal, why is it so cheap? Bad block?” A little Park View bashing ensued, however, many did see value in this spacious renovated property within blocks of Metro that ultimately sold very close to the list price.

My surprise did not come from thinking bad thoughts about Park View. I tend to think of this neighborhood as a great place to bring buyers who need something affordable and are looking for an urban setting and easy access to downtown. One of the challenges of this neighborhood is that it suffers from, shall we say, a lack of strong branding. Real estate agents tend to call it Columbia Heights because it actually does fall into the legal subdivision of CH. Residents probably call it Park View. If I have to describe it to somebody, I’ll tell them “south of Petworth, east of Columbia Heights”.

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Good Deal or Not? “Urban Grand Victorian” edition (reader request)

By Prince Of Petworth

This home is located at 2100 1st St, NW:


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The flier says:

“Urban Grand Victorian Exciting interior in Bloomingdale 3 Bd 31/2 ba, eat in kitchen w island, lg deck, 5 wkg FPs , great room 2nd fl w atrium to 1st, huge master w/ 2 jacuzzies, hardwood floors, stain glass windows, Tons of light, great flow, Custom mill work and built ins throughout, 2 Car at attached garage English basement rental unit $1400per mo.”

You can find more info here and photos here.

The reader writes,

“I think I remember you listing a perfect morning coffee or mojito spot at this house in Bloomingdale once. I noticed it is up on the market now. Talk about a crazy interior…”

I never saw this house (though I did see one nearby. What do you guys think about this one? Think this 3 bed/3.5 bath will go for $899,900?

Good Deal or Not? Weekly Wed. House Porn edition

By Prince Of Petworth

This home is located at 3432 Newark St, NW:


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The flier says:

“First time on market in 40yrs. This 1897 Waddy Wood home sits prominently across from Historic Rosedale. Elegant center staircase, Palladian windows and preserved original architectural detail in home, sited on deep wide lot.”

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

This 5 bed/3.5 bath is yours for $2,300,000.

Sweet.

And for those looking for mega porn 2509 Foxhall Rd, NW is going for $10,750,000. Unfortunately it is unfurnished but for the curious you can see a virtual tour here.

Good Deal or Not? “Lives like a house!” edition

By Prince Of Petworth

This condo is located at 2003 Columbia Rd, NW:


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The flier says:

“Lives like a house! 2BR+Office duplex condo with garage parking, private patio and separate street entrance. Gourmet granite & S/S island kitchen. Open living area, crown molding, cherry floor, master suite with spa-like stone bath. Office w/ built-ins, 2nd bath with steam shower. Shared extra storage, small pets welcome. Walk to Metro, shops and more!”

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

This 2 bed/2.5 bath is going for $750,000 ($547 monthly condo fee) – sound realistic? What do you think of the condo itself?

Good Deal or Not? “formal dining room with decorative plaster frieze” edition

By Prince Of Petworth

This home is located at 1910 Vermont Ave, NW:


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The flier says:

“Urban chic living in a DC Historic Landmark! This 3 BR/2.5 BA detached is ideal for entertaining. Features high ceilings, ebony hardwoods, new front windows, living room with fireplace, media room with fireplace & formal dining room with decorative plaster frieze. Gourmet kitchen with granite, stainless & 5-burner Jenn-Air cooktop. New Boiler. Plus, patio and PARKING.”

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

This 3 bed/2.5 bath is going for $979,000. Sound realistic?

Good Deal or Not? “top to bottom renovation” edition

By Prince Of Petworth

This home is located at 4716 8th St, NW:


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The flier says:

“Stunning new 3bdrm, 3.5 bath home in popular Petworth! This top to bottom renovation has it all – open floor plan, bamboo flooring, Bosch stainless steel appliances, granite counter tops, modern bathroom fixtures, private parking in rear and many more amenities.”

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

What do you think of the renovation itself? Does $399,900 sound reasonable for this 3 bed/3.5 bath?

GDoN Revisited by Hipchickindc – 1307 S St NW

By Prince Of Petworth

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 an Associate Broker with Urban Pace. 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: 1307 S St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Dupont Logan U St
Original List Price: $989,500.
List Price at Contract: $889,000.
List Date: 09/10/2010
Days on Market: 126

Settled Sales Price: $840,000.

Settlement Date: 02/14/2011
Seller Subsidy: $10,000.
Bank Owned?: No Short Sale? No
Type Of Financing: FHA

Original Good Deal or Not post is: here

The listing can be seen: here. To see pics, after opening the listing link, click on the main pic and scroll through.

This listing stirred a discussion among commenters to the original Good Deal or Not (GDoN) post regarding whether DC real estate prices are swelling to bubble proportions. Elmer Fudd Gantry pondered, “The DC housing market may be overpriced, but I guarantee someone will shell out at least $850,000 for that location and a rental unit. I’m not saying it’s right, but that’s the way it is.” The Purchaser ultimately paid a net of $830,000., so not far off.

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