
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: 1321 Fairmont St NW #301
Original List Price: $161,000.
List Price at Contract: $161,000.
List Date: 04/15/2010
Days on Market: 15
Settled Sales Price: $175,000.
Settled Price per Square Foot: $454.
Settlement Date: 07/15/2010
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.
This multi-unit building in Columbia Heights was updated and converted to condo ownership in 2004. Unit 301 sold in January 2005 for $197,760. less a closing cost subsidy of $7948. Given that this studio unit shows in tax records as having a total living area of 385 square feet, it’s not surprising that the owner may have outgrown it within a period of five years. The property was listed for $161,000. on the 15th of April, just in time for the Federal Home Buyer Tax Credit contract deadline.
Continues after the jump. (more…)