Above Asking: Six is the Magic Number

• June 1st 2021

by Nena Perry-Brown

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The latest installment of Above Asking revisits three recently-featured listings that ended up selling for $60,000, $116,000, and $262,000 above asking price.

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Sold Next-Day for $60k Above Asking

Over in Hyattsville, the relatively affordable listing price for this four-bedroom bungalow didn't last long: the house not only went under contract within 24 hours, but it went for $60,000 over asking. The property has both classic and quirky charms, starting with the cove ceiling and corner wood-burning fireplace in the living room. The kitchen has Spanish tile floors, bright blue lower cabinets, forest green countertops, exposed knotty pine ceiling beams, an embossed copper dual sink, and blue stained-glass window panes. The owner's bedroom has parquet floors and an attached sitting room with a bay reading nook, and the house also has an unfinished basement with a laundry area and storage space. Both the front- and backyards have garden-like vegetation, and the latter also has a raised patio.

• Full Listing: 3918 Livingston Street (map)
• Asking Price: $550,000
• Sold Price: $610,000
• Bedrooms: Four
• Bathrooms: Three
• Square Feet: 1,722
• Year Built: 1930
• Days on Market: One
• Listing Agent: Silvana Dias, Long & Foster Real Estate

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Six Figures Above Listing in Langdon Park

Under contract in just under a week, this five-bedroom bungalow, conveniently located steps from the Chuck Brown Memorial and the Langdon Park rec center, sold for $116,000 above its listed price. The white picket fence and front porch with bench swing lend curb appeal, and the main level has easy flow throughout courtesy of wide entryways. The dining room has a bay window, and the main level also has a full bath, a bedroom/office, and a family room with a sunroom area. The lower level has previously served as an Airbnb unit comprising of a rec room with wet bar, a full bath, a laundry room and a bedroom. The house also has a raised backyard patio and a permeable paver driveway leading to a garage with carriage doors.

• Full Listing: 2917 20th Street NE (map)
• Asking Price: $799,000
• Sold Price: $915,000
• Bedrooms: Five
• Bathrooms: Three
• Square Feet: 2,400+
• Year Built: 1914
• Listing Agent: Kathy Dipp, Century 21 Redwood Realty

Photo courtesy of HomeVisit.

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The $262,000 Accessory Structure Premium?

Not far away in Brookland, this farmhouse went for a whopping $262,000 above asking, likely owing in part to the 300 square-foot, temperature-controlled accessory building out back. The house has a front porch, and a formal sitting room with a shallow bay window located through paned french doors off the foyer. The formal dining room has a decorative brick fireplace with exposed chimney, and the kitchen has a farmhouse basin sink, white subway tile backsplash, quartz countertops, decorative tile floors, and a pantry. A lanai spans the side of the house on the main level, and the upstairs landing has enough space for an office or reading nook. The property also has a driveway, a shed, and a detached wooden deck.

• Full Listing: 1525 Kearny Street NE (map)
• Asking Price: $999,000
• Sold Price: $1,261,000
• Bedrooms: Three
• Bathrooms: 2.5
• Square Feet: 2,336
• Year Built: 1910
• Listing Agent: Ken Germer, Compass

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/above-asking-six-is-the-magic-number/18326.