Above Asking: The $100,000 Columbia Heights Premium
In Above Asking this week, UrbanTurf looks at the premium that three homes in DC fetched recently.
Paying the Price to Live on Walter Street
One of 48 houses on one-way Walter Street, this two-bedroom rowhouse sits on the close-knit street on the eastern edge of Capitol Hill where new residents receive a “Welcome to the Neighborhood” packet. The home features a wood stove-style fireplace in the living room and a rear patio great for hosting your neighbors for a house-warming. After going under contract in less than a week, it ended up fetching $31,000 above its asking price.
- Full Listing: 1245 Walter Street SE (map)
- Asking Price: $599,000
- Sales Price: $630,000
- Bedrooms: Two
- Bathrooms: One
- Year Built: 1914
- Listing Agent: Katherine Foster-Bankey, TTR Sotheby’s International Realty
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$5,000 Above For An 18-Month Renovation in Logan Circle
The 18-month renovation of a rowhome on Kingman Street was a big hit with UrbanTurf readers. When the home hit the market it found a buyer within days, and that buyer ended up paying a proportionally small premium ($5,000) to become the new owner.
- Full Listing: 1516 Kingman Place NW (map)
- Asking Price: $1,895,000
- Sales Price: $1,900,000
- Bedrooms: Three
- Bathrooms: 3.5
- Days on Market: Five
- Listing Agents: Kimberly Casey and Daryl Judy, Washington Fine Properties
The $100,000 Premium in Columbia Heights
This three-story Columbia Heights rowhouse has its own oasis of plants and nature, with a koi pond and dense landscaping in the front and back yards. The renovated home features two fireplaces, tin-press ceilings and original pocket doors with antique hardware. The basement has a full bedroom and bathroom with separate patio entrance in the back. With an upper-level back patio and a paved sitting area in the backyard, the home ended up closing for a little over $100,000 above the original asking price.
- Full Listing: 1018 Park Road NW (map)
- Asking Price: $899,900
- Sales Price: $1.0098 million
- Bedrooms: Four
- Bathrooms: 2.5
- Year Built: 1922
- Listing Agent: Trent Heminger, Compass
This article originally published at https://dc.urbanturf.com/articles/blog/above_asking_the_100000_columbia_heights_premium/11034.
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