Tuesday, May 3, 2022

The Story Behind an $8.8M, Two-Home, All-Cash D.C. Sale

At first blush, the record that showed up Thursday in D.C.'s Recorder of Deeds suggested an epic bidding war for a below-mansion-sized home in Wesley Heights, with the buyer paying nearly $2 million over asking price. But, it turns out, the buyer, a Delaware LLC called Ava's Creek, acquired two home simultaneously, paying nearly $9 million for 3000 and 3010 44th Place NW. Just your typical simultaneous two-home, all-cash luxury real estate transaction in the nation's capital. The larger of the two homes, 3000 44th Place, hit the market in February for $6.995 million, according to Realtor.com. The 6,000-square-foot, seven-bedroom and seven-bath home, owned by John and Suzanne King, was listed by Ted Gossett of Washington Fine Properties. The Colonial-style home sits on a 9,200-square foot lot. Next door, the 2,600-square-foot 3010 44th Place was also owned by the Kings - at one time, Gossett said, they intended to knock it down to expand their garden - and listed for sale separately in February for $1.8 million.