Comps for Sales Near This Property September-November 2007

The following sales occurred after the significant downward adjustment to pricing and sales volume that escalated in August 2007. Source data is given, and effective price/sq.ft. is computed. At $1,070,000 and at 3250sq ft (which includes the finished basement), this property currently lists at $329/sq.ft.

Three of the four comps shown are smaller homes by far, but in the same location and historic style as this property. Comps are $369-$386 per sq ft. This property is currently listed at 10-15% below today's already reduced pricing when adjusted for size, and provides a great "margin of safety" for today's buyer.

1753 S St NW	Sale Price $900,000	Much smaller home than 1837 16th St. Two floors plus basement; next door to Rosemary's Thyme at 18th and S. If one assumed it had 3/4ths of our footage (i.e., 2437 sq ft), then the effective cost per sq.ft. would be: Price/sq ft = $369
1750 T St NW	Trulia Listing showing specs. Sale Price $919,000	2379 sq ft $386/sq ft
1515 Swann Street	Listing showing specs. Footage not given. Sale Price $795,000	Much smaller home than 1837 16th St. Homes in this block are typically 2100 sq. ft (for 2 floors + basement), resulting in a cost of: $ 378/sq ft
1519 T St	Listing and Sales Price Here Sold for $1,149,000	Listing shows sq. ft. as 2292, but finished basement was added (adding 770 sq ft) for a total of 3062 sq ft. This is a four-floor building Price/Sq Ft = $375/sq ft

Comps for Sales Near This Property September-November 2007

1753 S St NW

Sale Price $900,000

Much smaller home than 1837 16th St. Two floors plus basement; next door to Rosemary's Thyme at 18th and S. If one assumed it had 3/4ths of our footage (i.e., 2437 sq ft), then the effective cost per sq.ft. would be:

Price/sq ft = $369

1750 T St NW

Trulia Listing showing specs.

Sale Price $919,000

2379 sq ft

$386/sq ft

1515 Swann Street

Listing showing specs. Footage not given.

Sale Price $795,000

Much smaller home than 1837 16th St. Homes in this block are typically 2100 sq. ft (for 2 floors + basement), resulting in a cost of:

$ 378/sq ft

1519 T St

Listing and Sales Price Here

Sold for $1,149,000

Listing shows sq. ft. as 2292, but finished basement was added (adding 770 sq ft) for a total of 3062 sq ft. This is a four-floor building

Price/Sq Ft = $375/sq ft