Above Asking: More Than $60,000 Over Asking

• May 28, 2013

by Shilpi Paul

In Above Asking, we sift through the real estate records and highlight homes that have recently sold for above their asking prices.

Three-Bedroom Condo On Capitol Hill

In April, we highlighted this relatively rare three-bedroom condo on Capitol Hill, which stood out in a sea of one-and two-bedroom units. Charming features, like a curved brick wall separating the dining room and living room, garnered a lot of interest. It seems likely that some sort of bidding war drove the price above asking: on the same day that the unit went under contract, the list price bumped up by $80,000, from $419,750 to $499,750. However, the final sale price then dropped by about $20,000, landing at $477,000.

• Address: 410 11th Street NE, #7 (map)
• Asking Price: $419,750
• Sale Price: $477,000
• Bedrooms: Three
• Bathrooms: Two
• Square Footage: 1,221
• Days on Market: 8

Deal of the Week With Rental Prospects

This rowhouse near the 9:30 Club and Blind Dog Cafe is divided into two homes: a one-bedroom condo alternative on the first and second floors, and a studio-like living space on the lower level. We categorized the home as a “Deal“ because of the rental unit, which the previous owner leased for $1,100 per month. Despite the shared backyard and close proximity to some noisy bars, this home attracted plenty of interest and went for $60,000 over asking.

• Address: 2110 Vermont Avenue NW (map)
• Asking Price: $499,000
• Sale Price: $560,000
• Bedrooms: Two
• Bathrooms: Two
• Year Built: 1900
• Days on the Market: 7

Craftsman Convenient to the Park

This Mount Pleasant rowhouse came off the market practically as soon as it landed there. The three-bedroom home found a buyer in just two days, shortly before the open house was scheduled to begin. With a tiered garden, skylights, and a cathedral ceiling in the master bedroom, the listing’s extra design elements made it stand out. Now that the sale is complete, we know even more about its desirability: the final sale price was more than $75,000 above asking.

• Address: 1921 Kenyon Street NW (map)
• Asking Price: $799,555
• Sale Price: $875,000
• Bedrooms: Three
• Bathrooms: 2.5
• Year Built: 1900
• Days on Market: 2

Photo courtesy of HomeVisit.

This article originally published at http://dc.urbanturf.com/articles/blog/above_asking_more_than_60000_over_asking/7117