Above Asking: $150,000 to $175,000 Over List

• July 17th 2013

by Shilpi Paul

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In Above Asking, we sift through real estate records and highlight homes that recently sold for above their asking prices.

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Rowhouse in Oft-Overlooked Truxton Circle

In June, we highlighted this property in our Multiple Bids feature. We figured that the bright rowhouse in Truxton Circle would attract quite a few interested buyers. Now that the sale has closed, we know that a bidding war ensued, and the final sale price is staggeringly higher than the original asking price. On July 12th, the home sold for just over $706,000, $176,300, above the asking price.

• Address: 401 R Street NW (map)
• Asking Price: $529,900
• Sale Price: $706,200
• Bedrooms: Three
• Bathrooms: 1.5
• Year Built: 1900
• Days on Market: 7

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Competing in Mount Pleasant

Another property featured in Multiple Bids was this four-bedroom rowhouse in Mount Pleasant that caught our eye because of its low price per square foot, in-law suite, and location. Mount Pleasant now has a reputation where homes sell for six figures above their asking price. Add this one to the list; the home sold for an even $1 million.

• Address: 1718 Hobart Street NW (map)
• Asking Price: $849,000
• Sale Price: $1 million
• Bedrooms: Four
• Bathrooms: 3.5
• Year Built: 1927
• Days on Market: 7

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/above_asking_bidding_wars_drive_prices_up_more_than_150000/7325.