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Above Asking: A Green House, A Renovation, A Penthouse and A Bungalow

by Shilpi Paul

At the prompting of one of our commenters, UrbanTurf is introducing a new feature, Above Asking, where we sift through the real estate records and highlight homes that have recently sold for above their asking prices.


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The living room at 1759 Harvard Street NW. Courtesy of Lauren Ackil.

Inspiring Renovation on Harvard Hill

In February, we featured a fixer-upper that was taking a creative approach to marketing: agent Ed Schneider put together a portfolio of neighboring homes with similar floorplans that underwent impressive renovations. The tactic must have worked: the as-is home sold for almost $60,000 over the asking price.

  • Address: 1759 Harvard Street NW (map)
  • Asking Price: $615,000
  • Sale Price: $673,000
  • Bedrooms: Three
  • Bathrooms: Two
  • Year Built: 1943
  • Days on the Market: 7

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Penthouse in a Bloomingdale Victorian Conversion

Prices in Bloomingdale have been heading upwards with the rest of DC’s market, and the neighborhood is now busier than ever, with multiple new restaurants opening up on 1st Street NW. Many of the rowhouses throughout the neighborhood have been chopped up into condos to make room for the increased demand. This penthouse is an example of that demand. In under a week, this high-end unit attracted a buyer willing to pay $34,000 over asking for the two-bedroom.

  • Address: 1827 1st Street NW, #3 (map)
  • Asking Price: $599,999
  • Sale Price: $633,000
  • Bedrooms: Two
  • Bathrooms: Two
  • HOA Fees: $250/month
  • Square Footage: 1,300
  • Days on the Market: 6

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The Greenest House on the Hill

This home was marketed as “the greenest house on the Hhill” when it hit the market in March. Green features do abound, like extensive insulation that bring utility costs down to $20-$30 per month, a green roof, and 24 solar panels. The title must have attracted attention: the home went under contact in one week, and the sale price was more than $50,000 over asking.

  • Address: 1430 Independence Avenue SE (map)
  • Asking Price: $749,900
  • Sale Price: $803,000
  • Bedrooms: Four
  • Bathrooms: 3.5
  • Square Footage: 1,304
  • Days on the Market: 7

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Cute Del Ray Bungalow With a Peaked Roof

This Del Ray bungalow has a cute exterior, and an interior made even better by creative owners who made good use of the many rooms: there is an office/music room, nursery and a screened-in porch. Initially, the owners put the home on the market for just $2,000 over their 2010 sale price. They must have been pleased with the current market: the home eventually sold for about $34,000 over asking.

  • Address: 8 Custis Avenue West, Alexandria, VA (map)
  • Asking Price: $739,000
  • Sale Price: $773,500
  • Bedrooms: Four
  • Bathrooms: Two
  • Year Built: 1935
  • Days on the Market: 6

See other articles related to: del ray, dclofts, capitol hill, bloomingdale, above asking

This article originally published at http://dc.urbanturf.com/articles/blog/above_asking_a_green_house_a_renovation_a_penthouse_and_a_bungalow/7056

5 Comments

  1. JT said at 3:12 pm on Monday May 13, 2013:

    Great article!  Exactly what I had envisioned.

  1. Kyle said at 4:23 pm on Monday May 13, 2013:

    My Finacee and I have made offers on 8+ houses, all of them have sold for $30k or more over asking price…

  1. ian said at 10:22 pm on Monday May 13, 2013:

    I keep getting outbid too, so many multiple offers and so few homes on the market.

  1. adriana said at 3:26 pm on Tuesday May 14, 2013:

    to Kyle and Ian - I’m curious. What price range are you guys looking into? I’ve been thinking about selling my condo and buying a bigger place, and I’m thinking it’s best to sit out the market right now due to the craziness.

  1. DAVE T said at 11:40 am on Sunday May 19, 2013:

    KYLE & IAN,

    Let me start by say we are not realtors.  We are real estate investors with properties all over DC. We have over 17 homes avil. in different stages of rehab. Capitol Hill, Petworth, H St., Bloomingdale, etc. Condos,Detached, Row homes. call anytime to see them and have no one bidding against you.  202-805-8015

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