Above Asking: From $273,000 to $900,000 on H Street

• October 6, 2014

by Lark Turner

In this week’s Above Asking, UrbanTurf takes a look at a Takoma Park bungalow, a Capitol Hill rowhouse and a home with a skyrocketing value that reflects the rising fortunes of the H Street Corridor.

A Two-Bedroom Takoma Park Special

This two-bedroom Takoma Park home hit the market in January looking “a little rough around the edges.” Five days later it disappeared, only to be relisted in August for $20,000 less than its original list price. Despite needing some updates, particularly in the kitchen, it soared above the lowered asking price and still went $20,000 over the January asking price of $400,000 after just nine days on the market.

• Address: 6606 Westmoreland Avenue, Takoma Park, MD (map)
• Asking Price: $380,000
• Sold Price: $420,000
• Days on Market: 9
• Bedrooms: Two
• Bathrooms: One
• Year Built: 1923
• Listing Agent: Meg Finn, Long & Foster Real Estate

A Rowhouse with Elbow Room in Capitol Hill

This high-end Capitol Hill rowhouse with an income suite went $16,500 over asking in mid-September after sitting on the market for about a week. The kitchens and bathrooms in the house were updated to a high standard, which may explain any competition for the property. Upstairs the bedrooms are large and high-ceilinged. Out back is a flagstone patio with room for a dining table, plus a relatively rare commodity in this neighborhood: A garage.

• Address: 123 11th Street SE (map)
• Asking Price: $1,448,500
• Sold Price: $1,465,000
• Days on Market: 7
• Bedrooms: 3 + income suite
• Bathrooms: 2.5 + income suite
• Year Built: 1900
• Listing Agent: Thomas Faison, RE/MAX Allegiance

Updated with an Income Suite on H Street

This home’s skyrocketing value aligns with the rising fortunes of the H Street Corridor. The home originally sold in 2010 for $273,000. It was renovated and sold for a staggering $727,000 a year later. After heading under contract in just three days for $75,000 over asking when it hit the market about a month ago, its value has now reached nearly $1 million. This smaller rowhouse offers a lot of the same desirable features as the last listing: A coveted 2.5 baths and an income suite, plus an updated kitchen and bathrooms. The galley-style kitchen in the back of the house opens to an outdoor dining area and a parking pad with an automatic door that’s wide enough for two cars.

• Address: 918 7th Street NE (map)
• Asking Price: $825,000
• Sold Price: $900,000
• Days on Market: 3
• Bedrooms: 2 + income suite
• Bathrooms: 2.5 + income suite
• Year Built: 1924
• Listing Agent: Nadia Nejaime, DC Living Real Estate

This article originally published at http://dc.urbanturf.com/articles/blog/above_asking_75000_over_list_near_the_h_street_corridor/9055