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$1.395 Million: Five-Bedroom Home Becomes Most Expensive to Be Listed in Petworth

  • January 27, 2016

by UrbanTurf Staff

$1.395 Million: Five-Bedroom Home Becomes Most Expensive to Be Listed in Petworth: Figure 1
816 Taylor Street NW

Like most DC neighborhoods, home prices in Petworth have been on the rise for years, but a recently-listed house is attempting to set an ambitious new price point for the neighborhood north of Columbia Heights.

A 4,275 square-foot, five-bedroom home about three blocks north of the Petworth Metro station (map) just hit the market for $1.395 million, making it the most expensive single-family home to be listed in Petworth by a margin of about $300,000. In 2014, another five-bedroom home just north of the station hit the market for $1.095 million, and ultimately sold for $949,000.

The home at 816 Taylor Street NW sold back in 2008 for $215,000 and then underwent a massive renovation. In 2009 and 2011, the home was listed in the mid-$800,000s, but didn’t find a buyer.

For what it’s worth, the price for the home is in line with neighborhood prices if you look at it from a price-per-square-foot perspective. At the list price, the home is selling for $326 a square foot.

We will monitor action on the listing and provide an update if it finds a new owner.

This article originally published at http://dc.urbanturf.com/articles/blog/five-bedroom_home_becomes_most_expensive_to_be_listed_in_petworth/10805

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