Hipchickindc (aka Suzanne Des Marais) is an associate broker with The 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: 1421 Columbia Rd NW #B2
Legal Subdivision: Columbia Heights
Advertised Subdivision per Listing: Columbia Heights
Bedrooms: 1 Baths: 1 Parking: “Other” (yes, it says this in the listing) Ownership: Condo
Monthly Condo Fee: 123.00 Square Footage per Listing: 430
Original List Price: $299,000.
List Price at Contract: $245,000.
List Date: 09/10/2015
Days on Market: 243
Settled Sales Price: $220,299.
Seller Subsidy: $0.
Settled Price per Square Foot: $512.
Settlement Date: 06/29/2016
Transaction type: REO/Bank Owned
Note that this is not the subject property, but another unit in the building was a GDoN post in November 2015: here.
The listing can be seen here: here.
This recent sale did not start out as a GDoN (Good Deal or Not) post, however, I stumbled upon it while following up on another unit that was a GDoN in the same building. It seemed like an opportunity to write about a rare bird in DC…the foreclosure sale.
It’s still a heavily weighted Seller’s market out there with less than two months worth of active listing inventory at any given time (a balanced market is considered six months worth of inventory, which refers to the amount of time it would take at the current pace of the market to absorb existing inventory). That said, “Good Deals” are all relative to the conditions of the market. As agents, we still get inquiries from buyers looking for deals and the question, “what about foreclosures?” (more…)
