Above Asking: A Six Figure Premium for a Shaw One-Bedroom Loft

• May 21st 2018

by Nena Perry-Brown

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For this week's installment of Above Asking, UrbanTurf looks back at a few recently-featured listings that sold for $71,000 to $136,000 above original listing price.

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A $71,000 Premium for a Prime Location

A block from the H Street Corridor and its ever-increasing array of amenities, this Federal rowhouse commanded a $71,000 premium above its asking price. Upon entry, the living room enjoys a bay window and a white-painted brick accent wall surrounding a contrasting brick column fireplace. The stair bisects the main level, with a quartz-countertopped kitchen that has enough floor space to accommodate a dining area. The lower level is an in-law suite that has both front and rear separate entrances, a one-wall kitchenette and a white brick column fireplace in the living area. The house also has a gated rear two-car parking pad.

• Full Listing: 713 6th Street NE (map)
• Asking Price: $879,000
• Sales Price: $950,000
• Bedrooms: Three
• Bathrooms: Three
• Square Feet: 1,264
• Year Built: 1920
• Listing Agents: Jeffrey Sachse, Enrique Quinones, TTR Sotheby's International Realty

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A Petite Rowhouse Near Petworth

While this house is in a much quieter part of town, it managed to command a steeper premium than the H Street-adjacent listing above. Tucked between two main corridors on the Northeast-Northwest border, the petite rowhouse has no rear neighbors aside from a line of mature trees courtesy of the adjacent Rock Creek Cemetery. The traditional interior has a combined kitchen and dining area, separated by a center island with cabinets on the sides. Upstairs, the three bedrooms share a bathroom; the second full bath is in the basement, along with a bonus storage room. The house also has a small front porch just a step up from the path and a rear patio area.

• Full Listing: 40 Farragut Place NW (map)
• Asking Price: $549,900
• Sales Price: $626,000
• Bedrooms: Three
• Bathrooms: 2.5
• Square Feet: 1,652
• Year Built: 1939
• Listing Agent: Michael Lederman, Keller Williams Capital Properties

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$136,000 Above Asking for Shaw Rowhouse-Loft

This Shaw rowhouse with a loft-like interior commanded a whopping six-figure premium above its original listing price. Located on a short one-way street, the exterior of the home blends in with its neighbors, while the interior is designed to stand out. Exposed brick, wood and beams are prevalent throughout, peppered with exposed pipes and ductwork that create an industrial vibe. A floating skylit staircase splits the main level in half, separating the living area from the galley kitchen and dining area. The upstairs landing is an open area with the bedroom on one side and a family room on the other, both beneath a vaulted ceiling. The full bath has a laundry closet inside.

• Full Listing: 1527 Marion Street NW (map)
• Asking Price: $599,000
• Sales Price: $735,000
• Bedrooms: One
• Bathrooms: One
• Square Feet: 1,004 
• Year Built: 1885
• Listing Agent: David Shotwell, Compass

Photo courtesy of HomeVisit.

This article originally published at https://dc.urbanturf.com/articles/blog/above-asking-a-six-figure-premium-for-a-shaw-one-bedroom-loft/14007.