Shaw

Good Deal or Not? “formal dining room with decorative plaster frieze” edition

By Prince Of Petworth

This home is located at 1910 Vermont Ave, NW:


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The flier says:

“Urban chic living in a DC Historic Landmark! This 3 BR/2.5 BA detached is ideal for entertaining. Features high ceilings, ebony hardwoods, new front windows, living room with fireplace, media room with fireplace & formal dining room with decorative plaster frieze. Gourmet kitchen with granite, stainless & 5-burner Jenn-Air cooktop. New Boiler. Plus, patio and PARKING.”

You can find more info here and a virtual tour here.

This 3 bed/2.5 bath is going for $979,000. Sound realistic?

GDoN Revisited by Hipchickindc – 1307 S St NW

By Prince Of Petworth

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: 1307 S St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Dupont Logan U St
Original List Price: $989,500.
List Price at Contract: $889,000.
List Date: 09/10/2010
Days on Market: 126

Settled Sales Price: $840,000.

Settlement Date: 02/14/2011
Seller Subsidy: $10,000.
Bank Owned?: No Short Sale? No
Type Of Financing: FHA

Original Good Deal or Not post 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 listing stirred a discussion among commenters to the original Good Deal or Not (GDoN) post regarding whether DC real estate prices are swelling to bubble proportions. Elmer Fudd Gantry pondered, “The DC housing market may be overpriced, but I guarantee someone will shell out at least $850,000 for that location and a rental unit. I’m not saying it’s right, but that’s the way it is.” The Purchaser ultimately paid a net of $830,000., so not far off.

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Beau Thai Applies for Alcohol Permit/Outdoor Seating in Shaw

By Prince Of Petworth

Beau Thai is located at 1700 New Jersey Avenue NW (by R St). When the first opened back in August there were lots of fans. Seems natural that they should be able to serve alcohol as well. I’m also eager to see the “Sidewalk Café with seating for 30.” – looks like a perfect space for a sidewalk cafe.

Judging New Buildings – Logan Lofts

By Prince Of Petworth

Logan Lofts was built on an empty lot at 1503 11th St, NW (just south of Rhode Island). Do you like the way they turned out?

Their Web site says, it is a four unit building with 2 bed/2baths and a roof deck.

Incidentally the old Postal Union building next door looks like it got renovated as well:

New Pizza Spot, Shoe Repair Coming to 700 block of T St, NW

By Prince Of Petworth

I noticed some movement on the 700 block of T St, NW:


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Speaking with some neighbors it turns out that a new pizza place is coming to 717 T St, NW (pictured above). It’s not clear yet if it’ll be a proper sit down or a takeout space but I’m always happy to hear about new pizza options either way.

And on the same block, Divine Shine, has recently opened up at 723 T St, NW. I occasionally get questions about shoe repair – so this looks like a good option. They also do handbag restoration. They are open Mon.-Fri. 8am-6pm and Sat. 9am-5pm.

Dear PoP – Future Shaw Giant!

By Prince Of Petworth

Thanks to all who sent emails about this (and props to TBD’s Sommer Mathis for spotting it first). It’s hard to imagine how awesome this is going to be when completed. City Market at O has released a new blog with rending (above), they write:

Yes, it’s true. Activity is starting soon on CityMarket at O. Roadside picked up the permit for the facade support and Clark has ordered the steel and is planning to start the facade support of the O Street Market building at the end of February. The facade support project is estimated to take up to three months.

In the meantime, Roadside will be finishing its construction drawings for HUD on March 1 and completing the permit process for a project construction start in late summer 2011 if all goes as planned with HUD closing.

The Giant will replace the current Giant at 8th and O St, NW. When this whole project is completed it will be epic. So many good things on the horizon for all over DC!

Ed. Note: Knock wood, knock wood, knock wood…

GDoN Revisited by Hipchickindc- 507 Q St NW

By Prince Of Petworth

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: 507 Q St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Shaw Mt Vernon Sq

Original List Price: $739,000.
List Price at Contract: $599,000.
List Date: 08/26/2010
Days on Market: 162
Settled Sales Price: $570,000.
Settlement Date: 01/14/2011
Seller Subsidy: $0.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional

Original Good Deal or Not post is: here

The listing can be seen: here. The virtual tour can be seen here.

Public records show a transfer of this property for $346,000. in March 2010. The property was gutted and completely renovated. In August 2010, it was optimistically listed for $739,000. The Virginia-based sellers tried a significant drop to $659,000., then moved down to $629,000. In December, they moved the listing to DC-based TTR Sotheby’s agent, Diana Hart. It went under contract within 15 days after being listed at $599,000. and re-marketed with the virtual tour you can see at the link above.

I always find it interesting to see the trail of listings over time. The first listing for this property that appears in the multiple listing system (remember, there was no central database available online until the mid-1990’s) was back in 1995 for $50,000. Comments state that “HOUSE IS NOT QUITE LIVABLE, BUT A GOOD CLEANING AND COSMETIC MAKEOVER COULD MAKE IT A CHARMER.” It settled for $48,500.

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Good Deal or Not? “SAVED THE CHARM” edition (Reader Request)

By Prince Of Petworth

This home is located at 809 T St, NW:


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The flier says:

“* * * THIS IS IT * * * SPACIOUS TOWNHOUSE WITH PARKING! GRACIOUS FLOOR PLAN WITH SEPARATE DINING AND LIVING ROOMS. HUGE OPEN KITCHEN. CLOSE TO METRO, HOWARD U, SHOPPING AND DINING! BEAUTIFULLY RENOVATED – SAVED THE CHARM, ADDED MODERN CONVENIENCES. BEAUTIFUL BATHROOMS. PLENTY OF SPACE! THIS HOUSE IS READY FOR YOU TO MOVE RIGHT IN!”

You can find more info here and a few photos here.

Personally I like the location. It doesn’t look like it has a basement and I’m curious why there were no photos of the bedroom or kitchen. This 3 bed/2.5 bath is going for $669,900. Does that seem like a reasonable price? What do you think it’ll actually go for? What should the reader who requested the GDoN bid on it?

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