Above Asking: The Six-Figure Shaw Premium

• July 17, 2017

by Nena Perry-Brown

This week, Above Asking will revisit two of the listings UrbanTurf previously featured, both of which sold for well above their asking prices.

The Bonus Indoor and Outdoor Space Premium

Not only did this Takoma Craftsman cottage find a buyer after only four days on the market, it also commanded a premium of $61,000 above its list price. While the house has a petite appearance, its lot is large and includes features like a detached garage, a spacious porch at the rear, an attic and an unfinished basement, the latter providing an easy option to expand the house in the future. The interior also has amply-sized and sunlight-filled living areas with wide-arched doorways and original hardwood flooring.

• Full Listing: 524 Van Buren Street NW (map)
• Asking Price: $549,000
• Sales Price: $610,000
• Bedrooms: Two
• Bathrooms: 1.5
• Square Feet: 1,600
• Year Built: 1930
• Listing Agent: Brian Cusick, Keller Williams Capital Properties

The Six-Figure Shaw Premium

This Shaw row house may have netted a $126,000 premium due to its location and traditional bay-front facade, which is quite characteristic of the neighborhood. However, passing through the interior and to the rear of the house offers a much more contemporary aesthetic. The modern, rectilinear appearance peaks in the backyard, where a lawn runway is surrounded by a flagstone patio with horizontal wood-planked benches and fencing on either side.

• Full Listing: 1609 8th Street NW (map)
• Asking Price: $1,199,000
• Sales Price: $1,325,000
• Bedrooms: Three
• Bathrooms: 2.5
• Square Feet: 1,904
• Year Built: 1912
• Listing Agents: Loic Pritchett and Kelly Williams, TTR Sotheby’s International Realty

Photo courtesy of HomeVisit.

This article originally published at http://dc.urbanturf.com/articles/blog/above_asking_the_six_figure_shaw_premium/12799