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by Prince Of Petworth November 17, 2017 at 10:55 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 513 S St, NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 3 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $789,000. List Price at Contract: $759,000.
List Date: 9/28/2017 Days on Market: 29
Settled Sales Price: $750,000.
Seller Subsidy: $0.
Settlement Date: 11/7/2017
Transaction type: Standard
Original GDoN post can be seen: here.
The original listing can be seen here: here.

The original GDoN post for this property appeared at the launch price of $789,000. At that price, three commenters expected the small scale house in this location to go for possibly even above $789k. It was also noted in the comments that the home had not been staged and appeared occupied. Photos were updated to show the home vacant. (more…)

by Prince Of Petworth November 3, 2017 at 10:55 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1500 Lawrence St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 1 Parking: Offstreet parking Ownership: Fee Simple
Original List Price: $549,000. List Price at Contract: $549,000.
List Date: 9/13/2017 Days on Market: 34
Settled Sales Price: $545,000.
Seller Subsidy: $0.
Settlement Date: 10/24/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

The subject property is a detached home on a 3742 square foot lot, with several mature trees, in the NE DC neighborhood of Brookland. The $549,000. list price reflected current condition, and that the home had a single full bathroom, no central air conditioning, and an unfinished basement. (more…)

by Prince Of Petworth October 27, 2017 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 23 N Street, NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 5 Baths: 4.5 Parking: Off Street, Garage Door Opener Ownership: Fee Simple
Original List Price: $1,250,000. List Price at Contract: $1,250,000.
List Date: 9/21/2017 Days on Market: 4
Settled Sales Price: $1,250,000.
Seller Subsidy: $0.
Settlement Date: 10/19/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

This Victorian rowhome is located on the same block as the former Brass Knob Warehouse/future Republic Cantina/Chapman Stables condos. Within recent years, nearby Dunbar High School has been completely re-built and NOMA continues to take shape. Positioned at the south end of the neighborhood, the property is close to both New York Ave and the 3rd Street Tunnel (great spot for a reverse commute). (more…)

by Prince Of Petworth October 20, 2017 at 10:55 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 2438 2nd St NE
Legal Subdivision: Brookland
Advertised Subdivision per Listing: Brookland
Bedrooms: 3 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $549,000. List Price at Contract: $535,000.
List Date: 9/7/2017 Days on Market: 11
Settled Sales Price: $545,000.
Seller Subsidy: $3000.
Settlement Date: 10/18/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Although only on the market for eleven days, the listing underwent a price reduction from the original $549,000. to $535,000. This quick improvement had its desired effect of catching the attention of presumably more than one interested buyer, sending the settled price relatively close to the original ask (at net $542,000.)

So far into 2017, there have been a total of 23 sales of fee simple houses in the Edgewood neighborhood, which overlaps the legal subdivision of Brookland in NE DC. The neighborhood is within blocks of higher priced Bloomingdale, as well as Red line Metro. (more…)

by Prince Of Petworth October 13, 2017 at 10:55 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 90 O St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Bedrooms: 3 Baths: 1 Parking: Street Ownership: Fee Simple
Original List Price: $850,000. List Price at Contract: $850,000.
List Date: 7/10/2017 Days on Market: 40
Settled Sales Price: $750,000.
Seller Subsidy: $0. (listing data said $100k, but spoke to listing agent who verbally confirmed it was an error)
Settlement Date: 10/05/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

The original GDoN post for this property had no comments, which is unusual. Understandable, though, as it’s kind of an outlier listing. I call these “Resi-mercial” deals, which are sales that are too small for the commercial agents, and small enough for potential residential use. They tend to be listed by primarily residential agents. (more…)

by Prince Of Petworth September 29, 2017 at 10:55 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1508 E Street, SE
Legal Subdivision: Old City #1
Advertised Subdivision per Listing: Old City #1
Bedrooms: 2 Baths: 2.5 Parking: Street Ownership: Fee Simple
Original List Price: $775,000. List Price at Contract: $775,000.
List Date: 7/21/2017 Days on Market: 4
Settled Sales Price: $820,000.
Seller Subsidy: $0.
Settlement Date: 9/22/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Every once in a while, a house’s re-visit turns up a history of a number of sales within a span of time. These can be useful to look at as an individual case study of the rapid shift in affordability in the District.

You can also see the history of technology within the multiple listing system, which has been around in its current form since the mid-1990’s. For example, earlier listings will have pics taken by the MRIS photographer of the front exterior days after a property hit the market. Agents didn’t have digital cameras, let alone smart phones, back then. The 2007 listing is the first one with more than a single image. Check out the difference in the photos from 2007 compared to 2011. Then go look at the pics for the current listing.

Available sales history for the subject property: (more…)

by Prince Of Petworth September 22, 2017 at 10:55 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1325 Trinidad Ave NE
Legal Subdivision: Trinidad
Advertised Subdivision per Listing: Trinidad
Bedrooms: 3 Baths: 2.5 Parking: Off street Ownership: Fee Simple
Original List Price: $699,900. List Price at Contract: $699,900.
List Date: 8/9/2017 Days on Market: 6
Settled Sales Price: $739,957.
Seller Subsidy: $0.
Settlement Date: 9/8/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

I’ll start this post the way I usually end them. In this case, I was the listing agent for the subject property. David Treanor with the Bediz Group with Keller Williams Capital Properties represented the Buyer in the purchase of this property. I’ve written this weekly post for PoPville since 2009, and this is the second of my own listings that I’ve ever revisited. (By the way, I don’t pick the original GDoN posts, just which ones to follow up.)

This transaction was a good story, which I have my Sellers’ permission to share. I would say this type of offer response is not typical in this location, however, it is not unusual in the current DC market as a whole.

In 2013, I assisted the recent owners in purchasing the house, before it hit the market, from Walnut Street Development. It had been gutted and completely re-built with new systems, kitchen, baths, etc. Purchase price at that time was $495,000.

A few months ago, the Sellers contacted me and said they were ready to find their next house, which they envisioned as detached with a yard, not in perfect condition so there was room to add value, and in Brookland in NE DC. (Two years ago all of my DC Sellers moved to Portland, Oregon. Now they all move to Brookland. No joke.) We found the new house surprisingly fast, and even more surprising, were able to get it under contract, in competition with another offer, contingent on the sale of their current property.

Having the new house already under contract was huge motivation to price aggressively. We also purposely listed early in the week, with the intent of giving agents time to do pre-inspections in the event of multiple offers. (more…)

by Prince Of Petworth September 15, 2017 at 10:55 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1240 K St SE
Legal Subdivision: Not noted (just means the agent didn’t autofill via the tax record)
Advertised Subdivision per Listing: Old City/Capitol Hill/Hill East
Bedrooms: 2 Baths: 1.5 Parking: Street Ownership: Fee Simple
Original List Price: $589,000. List Price at Contract: $589,000.
List Date: 7/21/2017 Days on Market: 4
Settled Sales Price: $596,000.
Seller Subsidy: $0.
Settlement Date: 8/28/2017
Transaction type: Standard

Original GDoN post can be seen
: here.

The original listing can be seen here: here.

Located a short distance from the Potomac Ave Metro and Harris Teeter, this petite rowhome settled just under the $600,000. mark. (Remember when $600,000. seemed like a lot to pay for a house in DC? Not all that long ago, really…) (more…)

by Prince Of Petworth September 8, 2017 at 10:55 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 4418 5th St NW
Legal Subdivision: Petworth
Advertised Subdivision per Listing: Petworth
Bedrooms: 5 Baths: 4.5 Parking: Attached garage with garage door opener (per listing) Ownership: Fee Simple

Original List Price: $1,199,990. List Price at Contract: $1,169,990.
List Date: 7/12/2017 Days on Market: 22
Settled Sales Price: $1,169,990.
Seller Subsidy: $0.
Settlement Date: 8/25/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

Wow Petworth. This is the second time ever that a residential property in the NW neighborhood of Petworth has crossed the seven figure threshold. The first one happened in November 2016. You can see info on the settled sale here. (more…)

by Prince Of Petworth September 1, 2017 at 10:55 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 MRIS (Metropolitan Regional Information Systems), which is the local multiple listing system and/or Smartcharts by Showingtime. Information is deemed reliable but not guaranteed.

Featured Property: 1330 Kalmia Rd NW
Legal Subdivision: Shepherd Park
Advertised Subdivision per Listing: Shepherd Park
Bedrooms: 4 Baths: 3 Parking: Detached Garage Ownership: Fee Simple
Original List Price: $740,000. List Price at Contract: $740,000.
List Date: 7/14/2017 Days on Market: 16
Settled Sales Price: $720,000.
Seller Subsidy: $0.
Settlement Date: 8/25/2017
Transaction type: Standard

Original GDoN post can be seen: here.

The original listing can be seen here: here.

What a gorgeous time capsule house. It was on the market for over two weeks, which feels like an eternity in DC real estate market time. This solid Tudor sold for $20,000. below list in a NW DC neighborhood close to Rock Creek Park and at the Silver Spring edge of the city. It is also not far from major upcoming development at the former Walter Reed Army Medical Center site. (more…)

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