The $35,000 to $95,000 Premium in DC and Montgomery County

• January 6th 2020

by Nena Perry-Brown

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UrbanTurf kicks off Above Asking this year by revisiting three recently-featured listings which each sold for five figures above asking price.

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$35,000 Above Asking for a Cardozo Corner Condo

Spanning over 1,000 square feet, this corner unit enjoys the high elevation of its neighborhood, with a spacious balcony offering sweeping city views. The loft-like, high-ceilinged interior has an open concept layout, with the industrial sunroom-style living area boasting floor-to-ceiling grid windows on two sides. The dining area has a nook of built-in shelving, and there is a curved stainless steel hood above the cooktop built into the peninsula island of the U-shaped kitchen. A barn door in the living room opens into the second bedroom, which also has a dual-access en suite bath, and both bedrooms also have huge window grids. The unit also has hardwood floors throughout and a laundry closet, and comes with a secured parking space and storage unit. The whole package fetched a tidy $35,000 premium over its listing price. 

• Full Listing: 2020 12th Street NW, #713 (map)
• Asking Price: $799,900
• Sold Price: $835,000
• Bedrooms: Two
• Bathrooms: Two
• Square Feet: 1,081
• HOA Fees: $716/month
• Year Built: 2005
• Listing Agents: Matt McHugh, Heather Davenport

Photo courtesy of HomeVisit.

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A $95,000 Premium for Takoma Park Craftsman

This nearly 2,400 square foot craftsman not only sold for close to six figures above asking price, but it also went under contract within five days of hitting the market. The living room has a fireplace with built-ins beneath windows on either side, and the U-shaped kitchen has stacked ovens, an integrated cooktop, and a peninsula island breakfast bar jutting out from beneath a floor-to-ceiling cabinet. The owner's bedroom has an attached den, an attic offers room to expand the living space, and the excavated lower level also has a rec room, a full bed and bath, and a separate laundry room. Facing the deep backyard, a rear deck is built around a mature tree; the long driveway also offers a parking pad.

• Full Listing: 7204 Holly Avenue (map)
• Asking Price: $975,000
• Sold Price: $1,070,000
• Bedrooms: Four
• Bathrooms: Three
• Square Feet: 2,396
• Year Built: 1923
• Listing Agent: Tamara Kucik, Tower Hill Realty

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$50,000 Above Asking for a Sunroom-Flanked Rambler

This rambler in the Sligo Park Hills area of Silver Spring has a sunroom-like enclosed front porch with sliding glass doors and oversized windows, housing its front door. The porch also provides natural light for the living room, where a white-painted brick fireplace sits on the wall opposite from built-in shelves above a cabinet. At the back of the house, a carpeted sunroom provides access to the rear deck, beyond which the backyard slopes upward. The three bedrooms share a bathroom on the main level, and wood panel walls on the lower level create built-ins and a corner bar. The lower level also has a kitchen, a laundry room, a cedar closet, a full bath and a den, and stairs lead up into a separate skylit office/studio with huge picture windows. This home went under contract at the beginning of September and then closed earlier this month for $50,000 more than its original asking price. 

• Full Listing: 117 Sheffield Street (map)
• Asking Price: $475,000
• Sold Price: $525,000
• Bedrooms: Three
• Bathrooms: Two
• Square Feet: 2,400
• Year Built: 1951
• Listing Agent: Cari Jordan, GO BRENT

This article originally published at https://dc.urbanturf.com/articles/blog/35000-to-95000-above-asking-in-dc-and-montgomery-county/16301.