Six Figures Above Asking in Logan Circle

• May 8, 2017

by Nena Perry-Brown

This week’s installment of Above Asking revisits a previously-featured listing for which a buyer paid more than $100,000 above asking price.

A Six Figure Premium for a Logan Circle Prototype

Just off Logan Circle, this detached Victorian epitomizes all the interior and exterior features one associates with the neighborhood — in addition to having a prominent corner location. A round turret distinguishes the house from the outside and creates a large circular bay inside, creating bonus seating and display space in the living room and master bedroom. A smaller rectangular bay sits adjacent to a built-in china cabinet in the dining room while extending the second bedroom. A trap door at the top of the stairwell provides access to a multi-level roof deck while serving as a skylight above the stairs. The basement can function as a one-bedroom in-law suite. The home hit the market in March, and sold for about $100,000 above asking within two weeks of being listed.

• Full Listing: 1229 O Street NW (map)
• Asking Price: $1,899,000
• Sales Price: $2 million
• Bedrooms: Four
• Bathrooms: 3.5
• Year Built: 1890
• Listing Agent: Michael Rankin, TTR Sotheby’s International Realty

Photo courtesy of HomeVisit.

This article originally published at http://dc.urbanturf.com/articles/blog/six_figures_above_asking_in_logan_circle/12538