Under Contract: 26 Offers and a Five-Bedroom Bungalow

• November 12, 2013
• 1 Comment

by Shilpi Paul

In Under Contract, UrbanTurf looks back at properties it has featured recently that were snatched up by DC’s alert buyers.

Half-Finished and Priced Low Near Bloomingdale

Featured in Multiple Bids last week, this three-bedroom Truxton Circle rowhouse attracted quite a bit of attention because of its strikingly low asking price (the foreclosure’s price was set by the bank) and highly desirable location one block from Big Bear cafe. In the 11 days that it was on the market, the home was shown 139 times, and the listing agent told us that it received 26 offers. The property has been vacant for years, and was under contract twice in 2011, though both eventually fell through. We’ll keep our eyes on the ongoing sale and likely renovation process; from what we have heard from those who have been inside, quite a bit of work needs to be done to make the home safe and livable.

• Address: 221 R Street NW (map)
• Price: $364,900
• Bedrooms: Three
• Bathrooms: 1.5
• Year Built: 1910
• Days on Market: 11

Large Cleveland Park Bungalow With a Guest House

This Cleveland park bungalow has been on the market for almost a month, but found a buyer last week. Priced at almost $1.7 million, the home is undoubtedly in a high-end range, but has a welcoming and comfortable vibe, rather than an untouchable, luxury one. The five-bedroom has recently been updated, with built-ins in the office and master bedroom and large windows throughout. We liked the extra spaces, like the lower level finished with another kitchen, guest house out back, and deck, flagstone patio, vegetable garden and large yard.

• Address: 3611 Lowell Street NW (map)
• Price: $1.695 million
• Bedrooms: Five
• Bathrooms: 4.5
• Year Built: 1920
• Days on Market: 26

This article originally published at http://dc.urbanturf.com/articles/blog/under_contract_26_offers_and_a_five-bedroom_bungalow/7807

1 Comment

1. 200 block of R Street said at 9:51 pm on Tuesday November 12, 2013:
   Years ago when the owners bought this house for $505K all of us neighbors thought he was crazy considering the basement was still dirt. A year later he was in foreclosure. Good luck to the new owners. Great block !!