Notable Sale – 1300 N Street NW #714, Washington, DC 20005

This week there was a notable sale at the Radius Condominium, located at 1300 N Street NW #714, Washington DC, 20005.  On October 8th this one bedroom was listed by Long and Foster as a short sale for $325,000.00.  After only 6 days the property was under contract and ended up selling for $354,000.00 by Long and Foster.  It is common that short sale homes will have a higher sales price than the list price, because the bank who holds the mortgage has to approve the sale.   Frequently, the bank wants more money.  It is also common for short sales to take a longer time to close.  In this case it took 3 months.  Check out the Virtual Tour. The Radius is an 8 story building with 170 “hard loft” style apartments.