Capitol Hill State of the Market?

[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.

I get making the listing price low to encourage bidding wars and find your way into more Redfin searches, but I find myself rolling my eyes a bit at some of these starting prices. I imagine thoughts of the seller/realtor underpricing don't really prevent anyone interested from bidding, though...

[Anonymous]

It took 1115 C St SE only a week to go pending, obviously above asking. Does anyone know contract price?

This is the kind of property I'm looking for but timing was off.

[Anonymous]

Anonymous wrote:It took 1115 C St SE only a week to go pending, obviously above asking. Does anyone know contract price?

This is the kind of property I'm looking for but timing was off.

We'll know in a couple weeks when it closes, but no one can officially tell you before then.

[Anonymous]

Two sub $1m homes hit within Historic yesterday:

1) 604 E St SE (2br, 1.5 BA listed at $800k) - In bounds for Brent but could really use a facelift. I assume this will go QUICK just based on location

2) 418 10th St SE (4br/2.5 BA across 2 units - $900k). I don't love this location - it's kind of busy - but this is priced right for a 3br house upstairs and short term rental downstairs

[Anonymous]

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

I don’t think the Hill really works this precisely. It’s highly variable based on the block, school, off-street parking, home layout, number of bathrooms, level of renovation…

[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.

It’s the bike lane that destroyed the value jk

[Anonymous]

What do you think of this house:https://www.redfin.com/DC/Washington/606-A-St-NE-20002/home/9899591

Too low? Too high?? We are contemplating a possible move to a bigger house on Capitol Hill (currently in a 3/2.5 valued at approx 1.3 or so in the Brent district).

[Anonymous]

Anonymous wrote:What do you think of this house:https://www.redfin.com/DC/Washington/606-A-St-NE-20002/home/9899591

Too low? Too high?? We are contemplating a possible move to a bigger house on Capitol Hill (currently in a 3/2.5 valued at approx 1.3 or so in the Brent district).

A NE is a lovely street and the 600 block in particular is delightful. I think this will go a little over for being turn key but wouldn’t imagine it’s 100k over. I wish the front here had a bit more curb appeal but the street is so sweet it makes up for it

[Anonymous]

Anonymous wrote:Two sub $1m homes hit within Historic yesterday:

1) 604 E St SE (2br, 1.5 BA listed at $800k) - In bounds for Brent but could really use a facelift. I assume this will go QUICK just based on location

2) 418 10th St SE (4br/2.5 BA across 2 units - $900k). I don't love this location - it's kind of busy - but this is priced right for a 3br house upstairs and short term rental downstairs

604 E is contingent. That was fast.

[Anonymous]

Anonymous wrote:What do you think of this house:https://www.redfin.com/DC/Washington/606-A-St-NE-20002/home/9899591

Too low? Too high?? We are contemplating a possible move to a bigger house on Capitol Hill (currently in a 3/2.5 valued at approx 1.3 or so in the Brent district).

I saw it today -overall impression was "meh." The photographs look much better than the place in person. Place feels/seems much smaller; lots of dated and old finishes. Would need a lot of updating/work (not at all turn key as it seems in photos). Basement apartment smells super musty. Not worth 1.6 million IMO!

[Anonymous]

Anonymous wrote:

Anonymous wrote:Two sub $1m homes hit within Historic yesterday:

1) 604 E St SE (2br, 1.5 BA listed at $800k) - In bounds for Brent but could really use a facelift. I assume this will go QUICK just based on location

2) 418 10th St SE (4br/2.5 BA across 2 units - $900k). I don't love this location - it's kind of busy - but this is priced right for a 3br house upstairs and short term rental downstairs

604 E is contingent. That was fast.

10th St pending. Anything under $1m flies right now

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Two sub $1m homes hit within Historic yesterday:

1) 604 E St SE (2br, 1.5 BA listed at $800k) - In bounds for Brent but could really use a facelift. I assume this will go QUICK just based on location

2) 418 10th St SE (4br/2.5 BA across 2 units - $900k). I don't love this location - it's kind of busy - but this is priced right for a 3br house upstairs and short term rental downstairs

604 E is contingent. That was fast.

10th St pending. Anything under $1m flies right now

Eh, not really. Some of the houses listed below need to be gutted, sure, but some of them seem perfectly fine and they're still sitting.

$859K, 164 days on the market: https://www.redfin.com/DC/Washington/608-9th-St-NE-20002/home/9902653

$900K, 240 days on the market: https://www.redfin.com/DC/Washington/511-F-St-NE-20002/home/9896874

$999K, 37 days on the market: https://www.redfin.com/DC/Washington/611-10th-St-NE-20002/home/9906128

$949K, 29 days on the market: https://www.redfin.com/DC/Washington/730-4th-St-NE-20002/home/9892561

$869K, 24 days on the market (this is a house on Emerald, where houses seem to sit, for some reason): https://www.redfin.com/DC/Washington/1357-Emerald-St-NE-20002/home/9912902

$859K, 45 days on the market (another Emerald house): https://www.redfin.com/DC/Washington/1368-Emerald-St-NE-20002/home/9912941

$869K, 92 days on the market: https://www.redfin.com/DC/Washington/1383-F-St-NE-20002/home/9913082

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Two sub $1m homes hit within Historic yesterday:

1) 604 E St SE (2br, 1.5 BA listed at $800k) - In bounds for Brent but could really use a facelift. I assume this will go QUICK just based on location

2) 418 10th St SE (4br/2.5 BA across 2 units - $900k). I don't love this location - it's kind of busy - but this is priced right for a 3br house upstairs and short term rental downstairs

604 E is contingent. That was fast.

10th St pending. Anything under $1m flies right now

Eh, not really. Some of the houses listed below need to be gutted, sure, but some of them seem perfectly fine and they're still sitting.

$859K, 164 days on the market: https://www.redfin.com/DC/Washington/608-9th-St-NE-20002/home/9902653

$900K, 240 days on the market: https://www.redfin.com/DC/Washington/511-F-St-NE-20002/home/9896874

$999K, 37 days on the market: https://www.redfin.com/DC/Washington/611-10th-St-NE-20002/home/9906128

$949K, 29 days on the market: https://www.redfin.com/DC/Washington/730-4th-St-NE-20002/home/9892561

$869K, 24 days on the market (this is a house on Emerald, where houses seem to sit, for some reason): https://www.redfin.com/DC/Washington/1357-Emerald-St-NE-20002/home/9912902

$859K, 45 days on the market (another Emerald house): https://www.redfin.com/DC/Washington/1368-Emerald-St-NE-20002/home/9912941

$869K, 92 days on the market: https://www.redfin.com/DC/Washington/1383-F-St-NE-20002/home/9913082

Should have specified for the H Street fans in the chat... anything <$1m in Historic / close to the close-in Hill. 10th and G is not comparable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Two sub $1m homes hit within Historic yesterday:

1) 604 E St SE (2br, 1.5 BA listed at $800k) - In bounds for Brent but could really use a facelift. I assume this will go QUICK just based on location

2) 418 10th St SE (4br/2.5 BA across 2 units - $900k). I don't love this location - it's kind of busy - but this is priced right for a 3br house upstairs and short term rental downstairs

604 E is contingent. That was fast.

10th St pending. Anything under $1m flies right now

Eh, not really. Some of the houses listed below need to be gutted, sure, but some of them seem perfectly fine and they're still sitting.

$859K, 164 days on the market: https://www.redfin.com/DC/Washington/608-9th-St-NE-20002/home/9902653

$900K, 240 days on the market: https://www.redfin.com/DC/Washington/511-F-St-NE-20002/home/9896874

$999K, 37 days on the market: https://www.redfin.com/DC/Washington/611-10th-St-NE-20002/home/9906128

$949K, 29 days on the market: https://www.redfin.com/DC/Washington/730-4th-St-NE-20002/home/9892561

$869K, 24 days on the market (this is a house on Emerald, where houses seem to sit, for some reason): https://www.redfin.com/DC/Washington/1357-Emerald-St-NE-20002/home/9912902

$859K, 45 days on the market (another Emerald house): https://www.redfin.com/DC/Washington/1368-Emerald-St-NE-20002/home/9912941

$869K, 92 days on the market: https://www.redfin.com/DC/Washington/1383-F-St-NE-20002/home/9913082

Should have specified for the H Street fans in the chat... anything <$1m in Historic / close to the close-in Hill. 10th and G is not comparable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What do you think of this house:https://www.redfin.com/DC/Washington/606-A-St-NE-20002/home/9899591

Too low? Too high?? We are contemplating a possible move to a bigger house on Capitol Hill (currently in a 3/2.5 valued at approx 1.3 or so in the Brent district).

I saw it today -overall impression was "meh." The photographs look much better than the place in person. Place feels/seems much smaller; lots of dated and old finishes. Would need a lot of updating/work (not at all turn key as it seems in photos). Basement apartment smells super musty. Not worth 1.6 million IMO!

Annnnnd A street is pending. PP was that you?