Above Asking: The Six-Figure Shaw Premium

• July 17th 2017

by Nena Perry-Brown

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

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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

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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 https://dc.urbanturf.com/articles/blog/above_asking_the_six_figure_shaw_premium/12799.