Above Asking: More Than $100,000 Above Asking

• October 28, 2013

by Shilpi Paul

In Above Asking, UrbanTurf sifts through real estate records and highlights homes that we have featured which recently sold for above their asking prices.

Dupont Circle Fixer-Upper Goes for More Than $100,000 Above Asking

Though Dupont Circle isn’t a neighborhood that is known for having many fixer-uppers, this property appeared to fit the bill. The estate sale lacked interior photos, and the listing stated that the home is “in need of TLC.” While the initial asking price was on the low side for the neighborhood, at $750,000, the buyer was willing to pay more than $100,000 above the asking price to nab the property. The home was snapped up after just six days on the market.

• Address: 1749 Swann Street NW (map)
• Price: $750,000
• Sale Price: $861,000
• Bedrooms: Three
• Bathrooms: 1.5
• Year Built: 1908
• Days on Market: 6

Over $33,000 Above Asking for a Mount Pleasant Condo

This unit is in a Mount Pleasant rowhouse that was converted into condos. The renovation was generous and maintained a lot of the home’s style: the two-bedroom spreads out over 1,000 square feet and has a private deck and a well-sized kitchen. There are also historic features, like a fireplace flanked by columns and a decorative glass transom over doors between the bedroom and living room. After entering the market in mid-August, the condo found a buyer within six days, and sold for $33,000 above the asking price earlier this month.

• Full Listing: 1717 Lamont Street NW, Unit C (map)
• Price: $528,000
• Sale Price: $561,000
• Bedrooms: Two
• Bathrooms: Two
• Square Footage: 1,000
• HOA Fees: $253
• Days on Market: 6

Four-Bedroom Rowhouse One Block from Eastern Market

A few perks made this Eastern Market rowhouse a bit more appealing than the average listing: two off-street parking spaces, and a basement unit currently occupied by tenants. This four-bedroom was last on the market in 2008, and has been well-maintained with historic details like a fireplace and original heart-of-pine floors. With a sticker price over $1 million, the home found a buyer in just over a week, and it looks like the new owner paid about $60,000 above the initial asking price.

• Address: 424 7th Street SE (map)
• Asking Price: $1.049 million
• Sale Price: $1.108 million
• Bedrooms: Four
• Bathrooms: 3.5
• Year Built: 1890
• Days on Market: 9

This article originally published at http://dc.urbanturf.com/articles/blog/above_asking_more_than_100000_above_asking/7746