Above Asking: Fetching Premiums Across the DC Area

• October 17th 2022

by UrbanTurf Staff

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

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A $26,000 Premium For a Tree-Lined Takoma Bungalow 

This classic bungalow in Takoma Park was on the market for about a week before fetching a sales price of $645,000. The kitchen is UrbanTurf's favorite feature with floor-to-ceiling white tile backsplash, white marble countertops, gold hardware, numerous windows, a built-in breakfast nook and a door leading to a back patio. With a white brick fireplace and built-in lighting fixtures, the living room flows into the formal dining area. The main floor bathroom, sandwiched by two bedrooms, features white shower tile, wood paneling and teal and gold floral accent wallpaper. Stairs lead to the fully finished attic - which features a bar area and could be perfect for office space, studio or entertainment room. The basement offers a large family room, playroom, full bathroom and laundry area.  

• Full Listing: 702 Erie Avenue (map)
• Asking Price: $619,000
• Sales Price: $645,000
• Bedrooms: Three
• Bathrooms: Two 
• Square Feet: 1,502
• Year Built: 1928
• Listing Agent: Dan Metcalf, Long & Foster Real Estate

Photo courtesy of Realtour 

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$76,000 Above Asking For Mid-Century Modern Charm

A mid-century enthusiast snatched this Bethesda home up three days after it hit the market for a $76,000 premium. The centerpiece of that outdoor space is a spacious Brazilian hardwood deck and a porch that runs parallel to the home's floor-to-ceiling windows. Smack in the center of the listing, an atrium encased in glass allows natural light to filter throughout the center of the home. A stone fireplace divides the open concept main living space. The kitchen features built-in shelving, stainless steel appliances, a breakfast bar and room for a kitchen table. Downstairs, a large, carpeted living area could be perfect for a game or movie room, and a built-in bookshelf and desk could make for the perfect home office. The listing also features a grassy backyard on half an acre of land.  

• Full Listing: 8016 Park Overlook Drive (map)
• Asking Price: $1,795,000
• Sales Price: $1,871,000
• Bedrooms: Five
• Bathrooms: 4.5
• Square Feet: 3,597
• Year Built: 1965
• Listing Agent: Traudel Lange, Compass

Photo courtesy of HomeVisit

This article originally published at https://dc.urbanturf.com/articles/blog/above_asking_fetching_premiums_across_the_dc_area/20205.