Above Asking: Still Fetching $40,000 Premiums

• November 7th 2022

by UrbanTurf Staff

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In this week's edition of Above Asking, UrbanTurf features three listings that recently sold for above their original asking prices. 

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$40,000 Above in Van Ness 

This Van Ness townhome went under contract relatively quickly in October and then sold for about a $40,000 premium last week. The large living room has a wood-burning fireplace below a mirror, built-in shelving for books and decorations, as well as some storage. The basement could be ideal for an in-law suite - with a full kitchen, living room space, bathroom and private bedroom. The primary suite upstairs has its own bathroom, office space, a sizeable sleeping area and wall-to-wall windows. Out back there is a whimsical garden, complete with fountains, a detailed archway, a koi pond, a circular sitting area and a long pathway.

• Full Listing: 2945 Upton Street NW (map)
• Asking Price: $1,499,000
• Sales Price: $1,540,000
• Bedrooms: Four
• Bathrooms: 3.5
• Square Feet: 2,765
• Year Built: 1922
• Listing Agent: Mary Lynn White, Compass

Photo courtesy of Wendell and Anthony Media 

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A $15,000 Premium For a Two-Story Charles Goodman 

Reflective of its architect Charles Goodman, this Alexandria home features large windows overlooking a spacious backyard and an open floor plan. A buyer snapped it up in less than a week for $995,000, $15,000 above the original asking price The main floor living space is divided by a center wall support that serves as storage space. Downstairs, there is another open living space with an exposed brick wall with a fireplace, wood paneling on the other walls, and a door to the ground-level stone patio. The other two bedrooms on the ground floor are staged to serve as an office and multipurpose room. 

• Full Listing: 1919 Marthas Road (map)
• Asking Price: $980,000
• Sales Price: $995,000
• Bedrooms: Four
• Bathrooms: Two
• Square Feet: 2,424
• Year Built: 1951
• Listing Agent: Jodie Burns, McEnearney Associates

Photo courtesy of BTW Images

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A Firehouse Loft For a Price

This 720 square-foot penthouse on top of an old U Street firehouse was on the market for three days before it was snapped up for $10,000 above the list price. With a ski lodge feel, the one-bedroom taps into the history of the firehouse with creative uses of vertical space. Before the owner moved in, he gutted the space and reimagined it in the spirit of history. Along with his father, a local architect, he filled the space with locally-sourced materials — most notably oak wood from Pennsylvania for the floors and a spiral staircase from Baltimore — adding square footage and quirky features like a hidden storage space behind the fireplace in the process.

• Full Listing: 1624 U Street Northwest, Unit 400 (map)
• Asking Price: $550,000
• Sales Price: $560,000
• Bedrooms: One
• Bathrooms: One 
• Square Feet: 720
• Listing Agent: Eric Broermann, Compass

This article originally published at https://dc.urbanturf.com/articles/blog/above_asking-still-fetching-40000-premiums/20288.