LeDroit Park

This home is located at 322 Elm St, NW:

View Larger Map

The flier says:

“Pristine newly renovated 3 bedroom house in emerging LeDroit Park. Gleaming hardwood floors, granite counters, stainless appliances, two fireplaces, Central air, w/ d, brand new marble bathrooms. Shaded, enclosed backyard with deck. Lovely brand new playground, dog park and community garden on the block.”

You can find more info here and photos here.

$469,500 sound right for this 3 bed/1.5 bath?

Hipchickindc is a licensed real estate broker and a professional artist. Her official real estate bio is here and her art website is here. 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: 1921 2nd St NW

Legal Subdivision: Ledroit Park
Advertised Subdivision per Listing: Ledroit Park

Original List Price: $680,000.
List Price at Contract: $660,000

List Date: 06/02/2011
Days on Market: 42

Settled Sales Price: $656,000.

Settlement Date: 08/18/2011
Seller Subsidy: $16,175.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional

Original Good Deal or Not post is: here. Pics can be seen by clicking through the arrows on the main pic after opening the listing link.

I frequently walk my dog up this part of 2nd Street NW and I’ve always thought of this as “the house across the street from the Anna J. Cooper House”. We’ve visited this block fairly recently in Popville as you can see from this photo of the subject house with a raging fire across the street, and for a recent Good Deal or Not Revisited. I’m pleased to report that the home that had the devastating fire earlier this year has been gutted and stabilized. Hopefully, re-building will commence soon.

Continues after the jump. (more…)

Frazier’s Funeral Home is located at 391 Rhode Island Ave, NW.

View Larger Map

The flier says:

“This sale includes two parcels. One is vacant and is used for parking buy zoned residential and is approximately 1362 Sq. Ft. and the other is 2,748 Sq. Ft. with a building on it that is approximately 5,552 Sq. Ft. The larger parcel is zoned C2A. Shown by appointment with the listing agent. Proof of ability to purchase required to showing. HUGE PRICE REDUCTION! SUBMIT AN OFFER! Also in Commercial”

More info found here. It’s yours for $799,000.

Hipchickindc is a licensed real estate broker and a professional artist. Her official real estate bio is here and her art website is here. 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: 1927 2nd St NW
Legal Subdivision: Ledroit Park
Advertised Subdivision per Listing: LeDroit Park
Original List Price: $629,900.
List Price at Contract: $629,900.
List Date: 04/08/2011
Days on Market: 13
Settled Sales Price: $689,900. $629,900
Settlement Date: 06/07/2011
Seller Subsidy: $11,000.
Bank Owned?: No Short Sale? No
Type Of Financing: FHA

Original Good Deal or Not post is: here

Both the before and after renovation listings can be seen: here. The virtual tour for the most recent renovated sale can be seen here.

Many neighborhoods in the city continue to see an active wave of renovations. There are clearly both cash investors able and willing to close quickly on properties that are in disrepair, as well as buyers on the back end, willing to spend on revived housing stock. This LeDroit Park home (which, in this case, could have also been appropriately advertised as Bloomingdale) is a classic example. In February 2011, a cash buyer paid $315,050, which was above the listed price of $299,995. and closed a mere sixteen days following the contract date.

Continues after the jump. (more…)