Prince Of Petworth » GDoN Revisited by Hipchickindc

GDoN Revisited by Hipchickindc

In real life, hipchickindc is licensed as a real estate broker in the District of Columbia and Virginia, 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 Property: 5730 1^st St NW

Original List Price: $469,000.

List Price at Contract: $459,000.

List Date: 12/27/2008

Days on Market: 99

Settled Sales Price: $462,500.

Settlement Date: 05/28/2009

Seller Subsidy: $15,000.

Bank Owned?: No

Type Of Financing: FHA

Listing History: Last purchased in December 2007 for $410,000. & a $12,300. Subsidy. Prior to that, it changed hands in July 2003 in AS IS condition for $269,999.

Original GDoN Post is: Here.

Recent Listing is: Here. To see interior pics, click on camera icon at top left after you open the link.

If one were to spend much time analyzing Prince of Petworth Good Deal or Not (GDoN) comments, it would quickly become apparent that there are three basic categories of real estate in the District of Columbia. The most common one is the you

Category: GDoN revisited

By: Prince Of Petworth | 12 June 2009 11:00 AM | 6 Comments

SamZen

I live not too far away, about 6 blocks southwast toward the Fort Tooten Metro from the described property. It’s a very nice neighborhood, full of ole’timers. But $462,500 for this location, on the edge of walking distance to the metro, and add to this the redevelopment plans at Riggs and South Dakota (just north of the Fort Totten Metro), which include a grocery store, and WHAMO… can you say gentrification.

BTW- did we establish that this neighborhood is Manor Park and I am in South Manor Park?

June 12, 2009 at 11:20 am
Jake

This was very funny, and so true.

June 12, 2009 at 11:54 am
Jim

I think i sent PoP the original request to feature this house in GDoN. i thought it was maybe a little high in the current market, but not far from a reasonable price. it is a pretty sweet little detached house with a great yard, and it’s a very quiet area. i think someone got a nice house for a decent price.

June 12, 2009 at 12:23 pm
Nate

I like this house. I think its selling price shows that DC has experienced very little of the recession that is plaguing other cities around the country. This is truly one of the best cities to be during a recession.

June 12, 2009 at 2:32 pm
Northy

SamZen, I think that is definitely Manor Park. There was a question posed regarding an address on 1st NE around that area, which was actually east of New Hampshire and (obviously) N. Cap. I don’t know if that’s Manor Park or not. It was like its own little island bound by N. Cap., New Hampshire, the railroad tracks and Riggs Rd.

June 12, 2009 at 4:03 pm
optional

Of course HipChick’s posts all fall in one category, complaining about the complaints of commentators.

June 14, 2009 at 5:42 pm