First Friday: Did they sell?

My original "First Friday" featured three properties.  Below is an update to see if they're still on the market, under contract or sold.

1437 Spring St, NW #32 for $349,000

1437 Spring Rd, NW is still on the market.  It's a 2 bedroom/1 bath condo for 349K located near the heart of Columbia Heights/DC USA.  It has hardwood floors, granite counter tops, and a fireplace.  It's 768 sf, the condo fee is $230, taxes are $2,267 a year.  It's been on the market 47 days.

1708 Summit Pl, NW #1708

1708 Summit Pl, NW #1708 sold for $505,000.  It hit the market at $529,000 and then the price was reduced by $10,000.  The reduction probably helped generate an offer.  It was on the market for 38 days.  To refresh your memory, it was a 2 bedroom, 2.5 bath condo with parking in a small boutique building.  It's 1137 sf, the condo fee is $305 a month and taxes are $4,614 a year.  It has a new kitchen, hardwood floors, a private patio and ELFA closet systems. 

2219 Ontario Rd, NW is currently under contract.  It was on the market 38 days and is probably slated to close sometime after the tenant vacates 6/11/11.  It's a 2 bedroom, 2.5 bath row house in Adams Morgan for 583K.  It's 1152 sf and the taxes are $4,853 yearly.  It's 3 blocks from the new Harris Teeter and 5 blocks to 18th St, NW.  

For me, this is an interesting snap shot of the market.  I thought the condo on Spring Rd. would be under contract due to the price for a 2 bedroom.  The other two moved at a normal pace.  Price and location are the biggest factors in property moving quickly.  


Leave a Reply

Your email address will not be published. Required fields are marked *