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Owned For 60 Years, Sold in Two Days

by Shilpi Paul

Owned For 60 Years, Sold in Two Days: Figure 1

As an indication of how quickly homes on the market are getting snapped up in DC these days, check out this ivy-covered townhouse in Georgetown.

The two-bedroom listing hit the market on Saturday with only an exterior photo; by Monday morning, it had found a buyer. The home, which had been in the same family for 60 years, sits on Poplar Street not far from Dumbarton Oaks.

The asking price of $495,000 and quiet location (map) appears to have appealed to a buyer undeterred by a phrase that, in a different market, would have stopped house hunters in their tracks: “perfect DIY project.”

See other articles related to: housing market trends, georgetown

This article originally published at http://dc.urbanturf.com/articles/blog/owned_for_60_years_sold_in_two_days/5505

1 Comment

  1. Reader said at 9:45 pm on Saturday May 12, 2012:
    It's a little misleading to say it was "sold" - as it was only under contract and now it's not. Places rarely sell in 2 days unless someone comes with a briefcase full of cash.

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