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 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: 726 Quincy St NW #1
Original List Price: $249,000.
List Price at Contract: $199,000.
List Date: 01/22/2010
Days on Market: 178

Settled Sales Price: $201,000.

Settled Price Per Square Foot: $266 **Including offstreet parking space
Settlement Date: 08/13/2010
Seller Subsidy: $0.
Bank Owned?: No Short Sale? Yes
Type Of Financing: Conventional

Original GDoN is: here.

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

Located less than two blocks from the Petworth Metro, this Far East Columbia Heights rowhome was divided into two condominium units in 2004. As is common with these types of conversions, the upper unit is a 3 bedroom, 2 and a ½ bath duplex (two levels), while the subject property is a single level 1 bedroom 1 and ½ bath basement unit. Originally sold for $400,000., the larger unit saw the value of increased commercial development around the Petworth Metro and re-sold for $450,000. less a $10,000. subsidy in May 2008.

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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: 311 Rock Creek Church Rd NW

Original List Price: $529,000.
List Price at Contract: $515,000.
List Date: 05/07/2010
Days on Market: 51
Settled Sales Price: $495,000.
Settlement Date: 07/26/2010
Seller Subsidy: $10,000.
Bank Owned?: No Short Sale? No
Type Of Financing: FHA

Original GDoN is: here.

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

The comment that stood out to me most from the original Good Deal or Not (GDoN) post was this from an Anonymous commenter: “Having recently been in the market trying to find a renovated rowhouse in the Petworth area for $500k or less, I would pay $500k for that place in a heartbeat.” I understand the sentiment and I think it is reflective of how significantly our inventory of available homes for sale has gone down in the past year.

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