Capitol Hill State of the Market?

[Anonymous]

Anonymous wrote:Some more to toss in the conversation:
- 922 South Carolina SE, asking $1.6m for a 3br/1.5 BA (https://www.redfin.com/DC/Washington/922-S-Carolina-Ave-SE-20003/home/9905201) - just sold in Dec '22 and I significantly preferred the old bathroom vs the modern monstrosity they dropped in. I think $1.6m is optimistic for a 3br but we'll see, this is a great house (even if I'd personally want to un-do the redone bathroom)

- 405 4th St NE - 3 bed /2.5 bath asking $990k (https://www.redfin.com/DC/Washington/405-4th-St-NE-20002/home/9895325). Not my favorite block, but this is a cute house priced well and I think will go quickly right around ask

- 1137 N. North Carolina NE - 4 bed / 3.5 bath "coming soon" at $1.15m. 3 true bedrooms upstairs plus the finished basement, parking, yard, great light. I love this house. Think this will go quickly and over ask ($1.25 feels right given east of Lincoln Park?).

Link for N. Carolina: https://www.redfin.com/DC/Washington/1337-N-Carolina-Ave-NE-20002/home/9914055

[Anonymous]

What is a good rule of thumb price / sq ft number for capitol hill?

[Anonymous]

Highly variable depending on location, condition, amenities (parking, outdoor space, basements, etc). On these three houses alone you're seeing $466-$914/sq foot.

Are you asking as a buyer or a seller? Best bet is just to find comps

[Anonymous]

I've got a Coming Soon coming soon.... 🤣

[Anonymous]

Anonymous wrote:I've got a Coming Soon coming soon.... 🤣

Send us specs and you could skip the whole market mania 🙃

[Anonymous]

Anonymous wrote:

Anonymous wrote:I've got a Coming Soon coming soon.... 🤣

Send us specs and you could skip the whole market mania 🙃

Except these days for a seller, market mania is a good thing!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Some more to toss in the conversation:
- 922 South Carolina SE, asking $1.6m for a 3br/1.5 BA (https://www.redfin.com/DC/Washington/922-S-Carolina-Ave-SE-20003/home/9905201) - just sold in Dec '22 and I significantly preferred the old bathroom vs the modern monstrosity they dropped in. I think $1.6m is optimistic for a 3br but we'll see, this is a great house (even if I'd personally want to un-do the redone bathroom)

- 405 4th St NE - 3 bed /2.5 bath asking $990k (https://www.redfin.com/DC/Washington/405-4th-St-NE-20002/home/9895325). Not my favorite block, but this is a cute house priced well and I think will go quickly right around ask

- 1137 N. North Carolina NE - 4 bed / 3.5 bath "coming soon" at $1.15m. 3 true bedrooms upstairs plus the finished basement, parking, yard, great light. I love this house. Think this will go quickly and over ask ($1.25 feels right given east of Lincoln Park?).

Link for N. Carolina: https://www.redfin.com/DC/Washington/1337-N-Carolina-Ave-NE-20002/home/9914055

I’m surprised at the price for 1337 NC Ave. I get listing a little low to encourage a bidding war but that house has so much going for it: 4 beds, practically on Lincoln Park, zoned to Maury. Unless there’s something I can’t see, I think it’s really underpriced.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Some more to toss in the conversation:
- 922 South Carolina SE, asking $1.6m for a 3br/1.5 BA (https://www.redfin.com/DC/Washington/922-S-Carolina-Ave-SE-20003/home/9905201) - just sold in Dec '22 and I significantly preferred the old bathroom vs the modern monstrosity they dropped in. I think $1.6m is optimistic for a 3br but we'll see, this is a great house (even if I'd personally want to un-do the redone bathroom)

- 405 4th St NE - 3 bed /2.5 bath asking $990k (https://www.redfin.com/DC/Washington/405-4th-St-NE-20002/home/9895325). Not my favorite block, but this is a cute house priced well and I think will go quickly right around ask

- 1137 N. North Carolina NE - 4 bed / 3.5 bath "coming soon" at $1.15m. 3 true bedrooms upstairs plus the finished basement, parking, yard, great light. I love this house. Think this will go quickly and over ask ($1.25 feels right given east of Lincoln Park?).

Link for N. Carolina: https://www.redfin.com/DC/Washington/1337-N-Carolina-Ave-NE-20002/home/9914055

I’m surprised at the price for 1337 NC Ave. I get listing a little low to encourage a bidding war but that house has so much going for it: 4 beds, practically on Lincoln Park, zoned to Maury. Unless there’s something I can’t see, I think it’s really underpriced.

Bidding wars have been escalating to 100k-200k over so far this season. $1.25-$1.35m feels right to me given that it’s East of Lincoln park (which some feel strongly about like the crime fear mongering PP above). I don’t see this going for $1.5m for that location but I could be wrong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Some more to toss in the conversation:
- 922 South Carolina SE, asking $1.6m for a 3br/1.5 BA (https://www.redfin.com/DC/Washington/922-S-Carolina-Ave-SE-20003/home/9905201) - just sold in Dec '22 and I significantly preferred the old bathroom vs the modern monstrosity they dropped in. I think $1.6m is optimistic for a 3br but we'll see, this is a great house (even if I'd personally want to un-do the redone bathroom)

- 405 4th St NE - 3 bed /2.5 bath asking $990k (https://www.redfin.com/DC/Washington/405-4th-St-NE-20002/home/9895325). Not my favorite block, but this is a cute house priced well and I think will go quickly right around ask

- 1137 N. North Carolina NE - 4 bed / 3.5 bath "coming soon" at $1.15m. 3 true bedrooms upstairs plus the finished basement, parking, yard, great light. I love this house. Think this will go quickly and over ask ($1.25 feels right given east of Lincoln Park?).

Link for N. Carolina: https://www.redfin.com/DC/Washington/1337-N-Carolina-Ave-NE-20002/home/9914055

I’m surprised at the price for 1337 NC Ave. I get listing a little low to encourage a bidding war but that house has so much going for it: 4 beds, practically on Lincoln Park, zoned to Maury. Unless there’s something I can’t see, I think it’s really underpriced.

Bidding wars have been escalating to 100k-200k over so far this season. $1.25-$1.35m feels right to me given that it’s East of Lincoln park (which some feel strongly about like the crime fear mongering PP above). I don’t see this going for $1.5m for that location but I could be wrong.

Yes, somewhere around $1.4 seems right to me, so I agree it’s priced for a bit of bidding. Beautiful house and a great location!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Some more to toss in the conversation:
- 922 South Carolina SE, asking $1.6m for a 3br/1.5 BA (https://www.redfin.com/DC/Washington/922-S-Carolina-Ave-SE-20003/home/9905201) - just sold in Dec '22 and I significantly preferred the old bathroom vs the modern monstrosity they dropped in. I think $1.6m is optimistic for a 3br but we'll see, this is a great house (even if I'd personally want to un-do the redone bathroom)

- 405 4th St NE - 3 bed /2.5 bath asking $990k (https://www.redfin.com/DC/Washington/405-4th-St-NE-20002/home/9895325). Not my favorite block, but this is a cute house priced well and I think will go quickly right around ask

- 1137 N. North Carolina NE - 4 bed / 3.5 bath "coming soon" at $1.15m. 3 true bedrooms upstairs plus the finished basement, parking, yard, great light. I love this house. Think this will go quickly and over ask ($1.25 feels right given east of Lincoln Park?).

Link for N. Carolina: https://www.redfin.com/DC/Washington/1337-N-Carolina-Ave-NE-20002/home/9914055

I’m surprised at the price for 1337 NC Ave. I get listing a little low to encourage a bidding war but that house has so much going for it: 4 beds, practically on Lincoln Park, zoned to Maury. Unless there’s something I can’t see, I think it’s really underpriced.

Bidding wars have been escalating to 100k-200k over so far this season. $1.25-$1.35m feels right to me given that it’s East of Lincoln park (which some feel strongly about like the crime fear mongering PP above). I don’t see this going for $1.5m for that location but I could be wrong.

Yes, somewhere around $1.4 seems right to me, so I agree it’s priced for a bit of bidding. Beautiful house and a great location!

PP here, it’s such a great house that that was my gut reaction too, but then I really couldn’t find the comps to support $1.4m on that side of the park. We will see!

[Anonymous]

Anonymous wrote:Some more to toss in the conversation:
- 922 South Carolina SE, asking $1.6m for a 3br/1.5 BA (https://www.redfin.com/DC/Washington/922-S-Carolina-Ave-SE-20003/home/9905201) - just sold in Dec '22 and I significantly preferred the old bathroom vs the modern monstrosity they dropped in. I think $1.6m is optimistic for a 3br but we'll see, this is a great house (even if I'd personally want to un-do the redone bathroom)

This is a great property and location.

[Anonymous]

1115 C St SE is also a gem being a single family house sharing no walls.

[Anonymous]

Anonymous wrote:1115 C St SE is also a gem being a single family house sharing no walls.

Listing says they won't accept any offers after tomorrow, probably already have many offers in hand.

[Anonymous]

OP. Do it yourself and don't pay ANY commission. YOU WILL DO GREAT!

[Anonymous]

Some more to consider:

- 418 10th St. SE ($899k 4br)- price is right but the kitchen is atrocious
(https://www.redfin.com/DC/Washington/418-10th-St-SE-20003/home/143407236)

- 716 N. Carolina ave SE ($1.6m for 3br) - this is more $$ than most families will do for only two true bedrooms upstairs, but this is a great house in a fabulous location. I think the price is a good test case for the market as a whole this spring
(https://www.redfin.com/DC/Washington/716-N-Carolina-Ave-SE-20003/home/9901754)