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by Prince Of Petworth December 21, 2018 at 10:45 am 0

Good Deal or Not Revisited (GDoN-R) is a weekly post that reviews the settled sales data of a recent individual real estate transaction in the District of Columbia. Each post is intended as a case study and a snapshot of the real estate market at a particular moment in time. GDoN-R generally posts on Friday in the late morning.

GDoN-R has been written exclusively for PoPville since 2009 by Suzanne Des Marais. Suzanne is a practicing Realtor with Compass. 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 Bright MLS, which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 3001 Veazey Terrace NW #1517
Advertised Subdivision per Listing: Van Ness
Bedrooms: 2 Baths: 2 Parking: Street Ownership: Cooperative
Square Footage per Listing: 1385 Monthly Co-op Fee: $1053.
Original List Price: $550,000. List Price at Contract: $531,000.
List Date: 9/29/2018
Days on Market: 81
Settled Sales Price: $520,000.
Seller Subsidy: $0.
Settled Price per Square Foot: $375.
Settlement Date: 12/14/2018
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

So far in DC in 2018, there have been 430 co-op units sold, so they are fairly common here. Understandably, cooperatively owned units often get dismissed by prospective buyers due to four figure monthly fees. (Monthly co-op fees were brought up in comments on last week’s GDoN-R.) (more…)

by Prince Of Petworth December 17, 2018 at 2:30 pm 0


4465 Connecticut Ave, NW

A couple of weeks ago, many of us, were devastated to learn that Soapstone Market would be closing at the end of the year. Someone in the comments noted that the space had already been leased. And kudos to you for that scuttlebutt sir/madam because leased it is!

From an email:

“Uptown Market is thrilled to bring our neighborhood market concept to Van Ness in spring 2019. You’ll find locally sourced and thoughtfully curated offerings like our fresh seafood market, butcher shop, artisan creamery, coffee bar and more. We look forward to meeting you and serving the Van Ness neighborhood, we hope you’ll come to shop and stay awhile.

Uptown Market is brought to you by the folks behind Bethesda’s popular neighborhood markets Butchers Alley and Pescadeli.”

STAY TUNED.

by Prince Of Petworth December 7, 2018 at 1:15 pm 0


3900 Wisconsin Avenue, NW

From a press release:

“DC Developer Renowned for Adaptive Reuse Will Transform Historic 10-acre Site Into The City’s Most Innovative and Walkable Neighborhood

Roadside Development and NORTH AMERICA SEKISUI HOUSE, LLC(NASH), joint venture partners of the $640 million mixed-use transformation of the 10-acre Fannie Mae Headquarters in the heart of DC, revealed the development’s new name will be City Ridge. In addition to the new name, Roadside Development announced the groundbreaking will be [was] held on December 1, 2018 following Fannie Mae’s November move to its new headquarters.


Rendering by Shalom Baranes Associates, Architects

“In a city full of architectural history, we are building City Ridge at one of the district’s most storied sites,” said Richard Lake, principal of Roadside Development. “The name City Ridge not only reflects the site’s geographical location at one of the highest points in the city, but brings to mind the aesthetic that makes this area of DC so special: It’s where the city meets nature. City Ridge will be a neighborhood that looks to the future while respecting its key architectural elements.”

The name originates from the site’s location on Wisconsin Avenue, a geological ridgeline that separates the two stream valleys of Rock Creek Park to the east and Foundry Branch to the west. (more…)

by Prince Of Petworth September 14, 2018 at 3:15 pm 0


4340 Connecticut Avenue, NW

From Washingtoniana:

“Since moving out of the Martin Luther King, Jr. Memorial Library in March 2017, Washingtoniana has been ensconced at the Carnegie Library at Mt. Vernon Square (our original home) and at the Newseum on Pennsylvania Avenue,

Our third and final location (until MLK reopens in 2020) is in a former bank. The space we occupy at 4340 Connecticut Avenue NW was originally Columbia Federal Savings, which opened on January 17, 1977.

But even earlier than 1977…going back almost half a century…the space that our collections occupy was the parking lot for the legendary Connecticut Avenue Hot Shoppes. (more…)

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