Above Asking: The $100,000 Columbia Heights Premium

• March 28th 2016

by UrbanTurf Staff

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In Above Asking this week, UrbanTurf looks at the premium that three homes in DC fetched recently.

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Paying the Price to Live on Walter Street

One of 48 houses on one-way Walter Street, this two-bedroom rowhouse sits on the close-knit street on the eastern edge of Capitol Hill where new residents receive a “Welcome to the Neighborhood” packet. The home features a wood stove-style fireplace in the living room and a rear patio great for hosting your neighbors for a house-warming. After going under contract in less than a week, it ended up fetching $31,000 above its asking price.

• Full Listing: 1245 Walter Street SE (map)
• Asking Price: $599,000
• Sales Price: $630,000
• Bedrooms: Two
• Bathrooms: One
• Year Built: 1914
• Listing Agent: Katherine Foster-Bankey, TTR Sotheby’s International Realty

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$5,000 Above For An 18-Month Renovation in Logan Circle

The 18-month renovation of a rowhome on Kingman Street was a big hit with UrbanTurf readers. When the home hit the market it found a buyer within days, and that buyer ended up paying a proportionally small premium ($5,000) to become the new owner.

• Full Listing: 1516 Kingman Place NW (map)
• Asking Price: $1,895,000
• Sales Price: $1,900,000
• Bedrooms: Three
• Bathrooms: 3.5
• Days on Market: Five
• Listing Agents: Kimberly Casey and Daryl Judy, Washington Fine Properties

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The $100,000 Premium in Columbia Heights

This three-story Columbia Heights rowhouse has its own oasis of plants and nature, with a koi pond and dense landscaping in the front and back yards. The renovated home features two fireplaces, tin-press ceilings and original pocket doors with antique hardware. The basement has a full bedroom and bathroom with separate patio entrance in the back. With an upper-level back patio and a paved sitting area in the backyard, the home ended up closing for a little over $100,000 above the original asking price.

• Full Listing: 1018 Park Road NW (map)
• Asking Price: $899,900
• Sales Price: $1.0098 million
• Bedrooms: Four
• Bathrooms: 2.5
• Year Built: 1922
• Listing Agent: Trent Heminger, Compass

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/above_asking_the_100000_columbia_heights_premium/11034.