More info from the Friends of Bundy Park.

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Back in Oct. we learned that Uncle Chip’s was coming to 1514 North Capitol St, NW south of Florida Ave. They’ve recently opened and the space looks great!

Anyone try them out yet?

Menu after the jump.

This awesome news comes from the In Shaw blog:

“We came in late to the BACA meeting, but just in time to hear of a proposed wine bar to come to 3rd and Florida. So if everything works perfectly there could be a new wine bar by the end of Spring, or sometime in Summer 2012.”

SnitchEye’s Facebook page says:

“SnitchEye Wine Bar is an original concept bar that hopes to open its doors in 2012. We hope to cater to the the tee shirt and jeans crowd who seek to enjoy good and affordable wines in a non stuffy setting. Stay tuned for updates. SEE YOU AT THE SNITCHEYE!”

More info as it becomes available.

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This home is located at 72 O St, NW:

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The flier says:

“*** THIS IS IT! *** CAREFUL, CLASSIC RENOVATION OF WELL PROPORTIONED ITALIANATE HOME IN HOT SHAW LOCATION WITHIN WALKING DISTANCE OF NEW METRO AND HARRIS TEETER! 3 BRS, 1.5 BA, SEP DR, GREAT KIT W/MARBLE AND SUBWAY TILE, STAINLESS APPL AND EXPOSED BRICK! SMALL TERRACE + PRIVATE PARKING! GOOD CLOS SPACE! MOVE RIGHT IN! OPEN SUNDAY 12-4! OWNER/AGENT”

You can find more info here and photos here.

This 3 bed/1.5 bath is going for $469,900.

This rental is located at 4th and Q St, NW:

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The Craigslist ad says:

”
Amazing newly-renovated historic rowhouse on quiet street lined with trees and gardens in U St./Shaw neighborhood near Logan Circle with 2 bedrooms, 1.5 bathroom, large living room, Italian style patio and garden (current tenants have grown vegetables –thyme, basil, aloe-vera, etc), hardwood floors, washer/dryer, central air, Stainless steel appliances.

Fantastic neighborhood with restaurants and 2 blocks to the metro, short walk to Chinatown, 1 block to tennis courts and recreation center, 2 blocks to new library and metro, grocery stores, hardware, and drug store all within 4 to 7 blocks. In 2012, there will be a brand new Giant grocery 1.5 blocks away. Available December 1st or earlier. Great for couple or 2 people.

–Front and Rear Enclosed Gardens
–Fenced-In Yard with Motorized Garage Door
–Off-Street Parking
–Gorgeous Hardwood Floors
–High Ceilings
–Terra-Cotta Kitchen Tile
–Stainless Steel Appliances
–Washer/Dryer
–Cable and Internet Ready”

$2500 sound right for this 2 bed?

“Dear PoPville,

I live on Morgan St in NW, and last night my roommates and I heard eight to ten gun shots in rapid succession. About 10-15 minutes later a chopper was overhead shining a spotlight in our yard and through the streets. Have you received any information on this shooting incident that occurred around 10:30 p.m. on 1st and N NW?”

@DCPoliceDept tweeted:

“5D Shooting / NY Ave & N St NW. No lookout given.”

And a PoPville follower tweeted:

“police cars on nj and police tape and cars blocking off n street between nj and at least 1st nw. Doesn’t look good.”

But I haven’t seen any other reports. Anyone else hear anything?

Hipchickindc is a licensed real estate broker. Her latest business venture can be seen here. 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: 71 P St NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Original List Price: $499,900.
List Price at Contract: $499,900.
List Date: 09/14/2011
Days on Market: 17
Settled Sales Price: $489,000.
Settlement Date: 10/28/2011
Seller Subsidy: $5000.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional
Original GDoN post is: here.
The listing can be seen: here. To see the photos, after opening the listing link, scroll through the arrows on the main pic. Or, if you really want to see the virtual tour mentioned in the GDoN comments, you can click here. Or, if you are curious what it looked like when it was for sale following the 2005/2006 renovation, you can see that virtual tour here.

Although the listing agent of the subject property for today’s Good Deal of Not Revisted (GDoN-R) did not identify the neighborhood as Truxton Circle, I would have placed it there. P Street is a few short blocks south of where the original Truxton Circle” once existed. In October, I profiled a GDoN-R property on New Jersey Avenue located just a bit south and west of the Truxton Circle neighborhood. I made mention that Truxton Circle is certainly picking up, to which an anonymous commenter responded, “Truxton Circle is not ‘picking up’”.

Continues after the jump.

For an urban neighborhood with that good old Victorian housing stock, relatively close in to downtown, and within easy access to public transportation, Truxton Circle remains relatively affordable compared to neighboring Bloomingdale and Shaw. Whereas Bloomingdale and Shaw saw surges of renovation in the early 2000s that continue at an aggressive pace, both developers and home buyers are making their way to formerly overlooked and perhaps less competitive (as in not as many multiple offer competitions) neighborhoods like Truxton Circle. In this specific case, the buyer was able to negotiate both a lower than list price and cash towards closing costs.

The subject property was renovated in 2005/2006 following a $300,000. purchase by an investor. In March 2006, when this area was beginning to feel the bursting of the DC real estate bubble, it sold for $410,000. Here are currently active listings in Truxton Circle and nearby, as well as under contract and settled sales since the beginning or 2011.

This home is located at 1412 1st St, NW:

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The flier says:

“ATTENTION SAVVY HOMEBUYERS! THIS IS IT! Gorgeous renovation with all the bells and whistles. Exposed brick, solid hardwood floors, tray ceilings, recessed lights, granite/stainless kitchen, back patio AND PARKING TOO! Two full baths, plus half bath on 1st floor and patio too. 8 min walk to NY Ave Metro, 12 mins to Capitol, and Big Bear Cafe less than a latte away too!”

You can find more info here and a virtual tour here. Warning – the virtual tour made me sea sick.

This 2 bed/2.5 is going for $499,900.

Hipchickindc is a licensed real estate broker. Her latest business venture can be seen here. 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: 1243 New Jersey Ave NW
Legal Subdivision: Old City #2
Advertised Subdivision per Listing: Old City #2
Original List Price: $750,000.
List Price at Contract: $750,000.
List Date: 09/22/2011
Days on Market: 4
Settled Sales Price: $840,000.
Settlement Date: 10/11/2011
Seller Subsidy: $0.
Bank Owned?: No Short Sale? No
Type Of Financing: Conventional
Original GDoN post is: here. The GDoN post for the same property from 2010 is here.
The listing can be seen: here. To see the photos, after opening the listing link, scroll through the arrows on the main pic.

This sale is a perfect example of something that I try to remind both my buyer and seller clients about regularly. Real estate markets are not static. Of course, some situations are more predictable than others, but any moment in time is just a snapshot of conditions at any particular location. In this specific case, we are looking at a property that had been previously listed last year, with three different listing agents, at prices ranging from $799,000. to $899,000., for a total of 468 days without a sale.

This year, with pictures suggesting that the property is in similar if not the same condition as last year, the property was not only on the market for four short days, but apparently there was more than one party who wanted it. In fact, somebody wanted it so much that they paid almost a hundred thousand dollars over the asking price. Yes, I even called the listing agent, Alan Dalton with Re/Max Allegiance, to make sure that this is correctly entered into the MLS. Two of his team members confirm that it is.

Continues after the jump.

The property is in a challenging spot, given that it’s across from a corner with regular traffic turning onto New York Avenue to hit 395. The surrounding neighborhoods are seeing changes that missed them during the early 2000s renovation boom. To the East, Truxton Circle and NOMA are certainly picking up. A few short blocks away, a brand new construction piggyback condo closed on 9/30/2011 for a net of $614,000. To the west side of New Jersey Avenue, the Mount Vernon neighborhood has seen some commercial and multi-unit transactions that are or will likely contribute to the development activity.

I recently reviewed the recent sale of another large Victorian structure smothered in formstone (or some variation of Field Stone, or Permastone) that is not too far away from this subject property. Perhaps it’s making a comeback in popularity?

From MPD:

“Monday night, October 17, at about 8:15 pm, Fifth District officers on patrol responded to the 1600 block of Lincoln Road, NE for the sound of gunshots.

When they arrived they found a 22 year old man who had been shot. The victim was taken to the hospital where he was pronounced dead.

If anyone has any information regarding this incident we ask that you call 727-9099.”