Above Asking: The $200,000 Premium to Live in Takoma Park

• July 5th 2022

by UrbanTurf Staff

In this installment of Above Asking, UrbanTurf revisits a handful of recently-featured listings that sold at a premium, including a Takoma Park bungalow that went well above asking. 

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$130,000 Above Asking for a Tudor Home 

This University Park Tudor spent less than two days on the market before finding a buyer, and ultimately sold for a $130,000 premium. The three-bedroom listing has both a sunroom with radiant floor heat and a screened porch, which lead out to the backyard on the main level. The property sits on a little under half an acre and has a number of established trees, providing some privacy from neighbors. All three bedrooms can be found on the top floor, two of which are connected by a jack and jill bathroom. The home comes with a separate two-car garage.

• Full Listing: 4402 Beechwood Road (map)
• Asking Price: $825,000
• Sales Price: $955,000
• Bedrooms: Three
• Bathrooms: 2.5
• Square Feet: 2,602
• Year Built: 1933
• Listing Agent: Ann Barrett, Long & Foster Real Estate

Photo courtesy of Heaven, Bayshore Creative Inc.

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$25,000 Premium For the Top Floor in Adams Morgan 

This top-floor condo in Adams Morgan with sweeping views of the city barely spent 24 hours on the market before selling for $25,000 above the original asking price. The unit has an open floorplan and the hardwood floors are original. The kitchen features stainless steel appliances and dark wood cabinetry, and a half-wall serves as a breakfast bar or serving station. Both bedrooms offer closets and lots of windows, maximizing natural light with Southern exposure. 

• Full Listing: 1801 Wyoming Avenue NW, #41 (map)
• Listing Price: $925,000
• Sales Price: $950,000
• Bedrooms: Two
• Bathrooms: Two
• Square Feet: 1,354
• Year Built: 1910
• Listing Agent: Amir Taba, TTR Sotheby's International Realty

Photo Courtesy HD Bros

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More Than $200,000 Above for a Yellow Takoma Park Bungalow 

This four-bedroom bungalow was recently renovated, but was originally part of the Sears mail-order home project. The combination resulted in some fierce competition for the listing, and it ultimately sold for $211,000 above asking. As a focal point, the living room has vaulted ceilings, large windows, a fireplace and an exit point to the deck. The adjacent kitchen includes a built-in wine fridge, white cabinetry, stainless steel appliances and a walk-in pantry. The primary bathroom has a walk-in closet, dual vanity, heated floors and a frameless glass waterfall shower. One of UrbanTurf's favorite aspects of the home is the basement living area, which includes a minibar setup and a built-in entertainment center. A stone path snakes around the home - connecting the front and back yards. 

• Full Listing: 7418 Cedar Ave (map)
• Listing Price: $1,025,000
• Sales Price: $1,236,234
• Bedrooms: 4
• Bathrooms: 3
• Square Feet: 2,801
• Year Built: 1928
• Listing Agents: Alex DeLorme & Laura Bowman Pimentel, Compass

Photo courtesy of Welsh Interiors. 

This article originally published at https://dc.urbanturf.com/articles/blog/above-asking-the-200000-premium-to-live-in-takoma-park/19833.