The residential real estate market in our neighborhood continues on a hot streak. Recently Brookland was ranked third in the country for profitability of home flips. The average profit on Brookland “flipped” homes (resold within one year of being purchased) was $271,900 with sellers having an average of 8.3 offers on their houses.
Speaking of flips, we have been watching the house at 1223 Irving undergo a huge transformation in less than a year. The top picture is how it looked when it sold for $550,000 in October. The 5 bed, 4.5 bath house was then renovated and sold recently for $921,000. Below is how it looks now. Here are some more recent home sales in our area:
- 914 Irving Street NE sold for $737,000. This flip was a complete gut job, also completed in less than a year.We went to the open house and loved the open, airy feeling provide by the skylights and big windows leading to the back deck. The home has 4 beds, 3.5 baths, a garage, and high end finishes.
1314 Kearny Street NE sold for $840,000. We knew the longtime owners of this home, and have been in it several times. It featured amazing original wood details, beautiful landscaping, a great covered & screened outdoor room and a Koi pond. This house has 4 beds, 2 baths
- 1336 Newton Street NE sold for $800,000. Good friends of ours bought this house. It has a whopping 6 bedrooms and 2.5 baths and 4 finished levels. Like many homes in Brookland, it has great bones and is the type of home to raise a family in, with original hardwood floors, a claw foot tub and huge backyard.
- 1018 Kearny Street NE sold for $710,000. With a great location near the Metro, this house was not a flip, but was well maintained, updated, and beyond move-in ready. The 4 bedroom, 2 bathroom house has a big yard yard and on a super-nice block with great neighbors.
- 4317 12th Street NE sold for $682,5000. This flip offered all the updates and high end features expected from a total renovation. This 4 bed, 3.5 bath home has a lot of sought after features like a master bedroom suite and a garage.
Welcome new neighbors!