In real life, hipchickindc is licensed as a real estate broker in the District of Columbia, and as a real estate salesperson in Maryland. 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 Properties: 1613 Harvard St NW
Original List Price: $198,900.-$503,900.
List Price at Contract: $198,900.-$503,900.
List Date: 1/21/2010
Days on Market: 13-77
Settled Sales Price: Not available yet
Settlement Date: Not available yet
Seller Subsidy: Not available yet
Bank Owned?: NO
Type Of Financing: Building may be FHA eligible but certain percentage of units must sell first
Original GDoN Post is: here.
Listings are: here.
Website for building is: here.
Ok, let’s get a few things out of the way first.
1. This is an unusual Good Deal or Not Revisited (GDoN-R) because the units in this building have not gone to settlement yet. I had the opportunity to tour the building with clients last weekend and thought it was way worth revisiting. Don’t worry. I’ll Re-re-visit after they start going to settlement.
2. I am a huge fan of anything in Best Addresses. If you’re not familiar with the book, go take a peek next time you’re in a local DC bookstore. Best Addresses by James M. Goode. Your real estate agent probably owns a copy.
3. Although the company that I am affiliated with represents the developers of many new construction projects in DC, we have absolutely nothing to do with this one. I just happen to really like it.
The Embassy is located on Harvard St NW, just west of 16th Street. Built in 1924, the building opened for rentals in 1925. One of the fascinating aspects of Best Addresses is the perspective of time frames in the real estate development history of DC. The time span of 1919-1931 is referred to as “The Boom Period”, with a significant number of luxury apartments and co-ops built during that era. (The following years of 1932-1945 are described as “Tightening the Belt”). Continues after the jump. (more…)
