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Above Asking: The Popular Neighborhood Premium

by Nena Perry-Brown

In this edition of Above Asking, UrbanTurf takes a look at two recently-featured homes that sold for well above their asking price.


Above Asking: The Popular Neighborhood Premium: Figure 1

The $150,000 Premium for Mount Pleasant

When this home went on the market in March, UrbanTurf predicted that it would go for above asking price. With a desirable Mount Pleasant location adjacent to Rock Creek Park and perks like two-car parking and a basement in-law suite, the semi-detached four-bedroom rowhouse ended up selling for $152,100 above the listing price. The home has an open main level with hardwood floors and an updated kitchen. The second level features a sitting room and a master bedroom with attached sunroom, and the loft-like third floor could double as a bedroom.

  • Full Listing: 2017 Klingle Road NW (map)
  • Listing Price $949,900
  • Sale Price: $1,102,000
  • Bedrooms: Four
  • Bathrooms: 4.5
  • Year Built: 1921
  • Listing Agents: Loic Pritchett and Kelly Williams, TTR Sotheby’s International Realty

Photo courtesy of HomeVisit.


Above Asking: The Popular Neighborhood Premium: Figure 2

Capitol Hill Rowhouse Commands $67,000 Premium

Capitol Hill also garners a lot of attention from homebuyers, and this three-story Victorian rowhouse is no exception. Particularly interesting in this rowhouse is the loft-like main floor, with a sunken kitchen and dining area whose double-height ceiling also allows light into the overlooking living room. Other details, like the cast iron staircase leading to the entrance and leaded glass windows throughout the home, put this 2,655-square foot home $67,000 over the listing price.

  • Full Listing: 1326 Independence Avenue SE (map)
  • Listing Price $1,198,000
  • Sale Price: $1,265,000
  • Bedrooms: Four
  • Bathrooms: 3.5
  • Year Built: 1911
  • Listing Agents: Tom Faison, RE/MAX Allegiance

This article originally published at https://dc.urbanturf.com/articles/blog/above_asking_popular_neighborhoods/11206

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