Capitol Hill State of the Market?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Where's that PP who had like a four-block radius of what part of the Hill was acceptable?

https://www.redfin.com/DC/Washington/318-S-Carolina-Ave-SE-20003/home/9894401

Oh, that South Carolina Ave block again, but this time mid-block. A "close-in" Hill starter home! With parking! I bet that's going to get some quick action.

What’s the catch in price? The average for a 3br in bound for Brent, with parking, is >$1.4m over the last 12 months.

[Anonymous]

That one won’t last through today

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Where's that PP who had like a four-block radius of what part of the Hill was acceptable?

https://www.redfin.com/DC/Washington/318-S-Carolina-Ave-SE-20003/home/9894401

Oh, that South Carolina Ave block again, but this time mid-block. A "close-in" Hill starter home! With parking! I bet that's going to get some quick action.

What’s the catch in price? The average for a 3br in bound for Brent, with parking, is >$1.4m over the last 12 months.

Not for houses under 1500sq ft. I bet it'll go for around $1.2m, or a little more if a whole lot of people submit offers.

[Anonymous]

Anonymous wrote:234 F St NE--not one of my favorite locations, but I'm sure it's enticing for a lot of people. Maybe $1.1m?

https://www.homes.com/property/234-f-st-ne-washington-dc/y3xwpxc1hq017/?l=648bpv9rmcdr7

This already is contingent.

[Anonymous]

Anonymous wrote:319 4th St SE--I imagine this will go pretty quick, and for a good bit more than $1.25m.

https://www.zillow.com/homedetails/319-4th-St-SE-Washington-DC-20003/415038_zpid/

This one is gone as you predicted. I'm curious the cost. Saw it at the open house and the ceiling is pretty low on the kitchen level and the stairs require some head ducking if over 5"8. That backyard was as nice as the pictures however.

[Anonymous]

Anonymous wrote:

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!

Already under contract. The 600 block of A St NE is an absolutely classic block and if anything underpriced at 1.6 mil. Literally steps from the Capitol complex. Dated finishes have nothing to do with it.

606 A just closed at $1.75m (+150k). That $150k escalation seems to be the sweet spot this year for the best houses

[Anonymous]

Anonymous wrote:Where's that PP who had like a four-block radius of what part of the Hill was acceptable?

https://www.redfin.com/DC/Washington/318-S-Carolina-Ave-SE-20003/home/9894401

Now pending. Did anyone tour it?

[Anonymous]

1225 Independence is the only home that caught my eye this week (look away PP with the very tight geographic preferences). How are they getting away with listing as a 5BR when the note says that 2 of the BRs aren't legal

Link: https://www.redfin.com/DC/Washington/1225-Independence-Ave-SE-20003/home/9911545

[Anonymous]

Anonymous wrote:Where's that PP who had like a four-block radius of what part of the Hill was acceptable?

https://www.redfin.com/DC/Washington/318-S-Carolina-Ave-SE-20003/home/9894401

That house would be in the 4 block radius.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Where's that PP who had like a four-block radius of what part of the Hill was acceptable?

https://www.redfin.com/DC/Washington/318-S-Carolina-Ave-SE-20003/home/9894401

That house would be in the 4 block radius.

Correct, which was why I was posting it.

[Anonymous]

Anonymous wrote:1225 Independence is the only home that caught my eye this week (look away PP with the very tight geographic preferences). How are they getting away with listing as a 5BR when the note says that 2 of the BRs aren't legal

Link: https://www.redfin.com/DC/Washington/1225-Independence-Ave-SE-20003/home/9911545

There's also no chance you could ever make either of the basement bedrooms legal. This is within the historic district, so they won't let you dig out the front to allow you to install an egress window. The back basement bedroom appears to back into a storage space, which appears to be a crawl space, so that's not happening either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:1225 Independence is the only home that caught my eye this week (look away PP with the very tight geographic preferences). How are they getting away with listing as a 5BR when the note says that 2 of the BRs aren't legal

Link: https://www.redfin.com/DC/Washington/1225-Independence-Ave-SE-20003/home/9911545

There's also no chance you could ever make either of the basement bedrooms legal. This is within the historic district, so they won't let you dig out the front to allow you to install an egress window. The back basement bedroom appears to back into a storage space, which appears to be a crawl space, so that's not happening either.

It’s…optimistic… to be positioning this as a 5br. They should have called it a 3br with finished basement and moved on

[Anonymous]

Some great houses hit the market this weekend - but seemingly all 2BRs at a wide variety of price points. Have the young families gotten fed up of the smaller spaces?

- 30 9th St SE - 2br/2.5ba asking $1.25m - I've always admired this house from the street, but it's surprising to me they have 1700sq feet that look this cramped inside (https://www.redfin.com/DC/Washington/30-9th-St-SE-20003/home/9904798)
- 142 D St SE - 2br/1.5ba asking $850k - this is in bounds for brent with a big yard, so I assume will go for over ask. It's a cozy 1300sq feet
- 643 A Street SE - 2br/2.5ba asking $1.4m. I personally don't love the super mod re-do here but it's a spectacular block (https://www.redfin.com/DC/Washington/643-A-St-SE-20003/home/9899960)
- 10 8th St SE - 2 bed/1.5ba asking $975k. This is probably my least favorite of the bunch (not a fan of basement kitchens) https://www.redfin.com/DC/Washington/10-8th-St-SE-20003/home/9903321)

[Anonymous]

- 643 A Street SE - 2br/2.5ba asking $1.4m. I personally don't love the super mod re-do here but it's a spectacular block (https://www.redfin.com/DC/Washington/643-A-St-SE-20003/home/9899960)

The noise in this house will be terrible! Brick party wall and I see zero drywall on the ceiling plus exposed ventilation all looks like a nightmare. The yard looks great though.

[Anonymous]

Anonymous wrote:Some great houses hit the market this weekend - but seemingly all 2BRs at a wide variety of price points. Have the young families gotten fed up of the smaller spaces?

- 30 9th St SE - 2br/2.5ba asking $1.25m - I've always admired this house from the street, but it's surprising to me they have 1700sq feet that look this cramped inside (https://www.redfin.com/DC/Washington/30-9th-St-SE-20003/home/9904798)
- 142 D St SE - 2br/1.5ba asking $850k - this is in bounds for brent with a big yard, so I assume will go for over ask. It's a cozy 1300sq feet
- 643 A Street SE - 2br/2.5ba asking $1.4m. I personally don't love the super mod re-do here but it's a spectacular block (https://www.redfin.com/DC/Washington/643-A-St-SE-20003/home/9899960)
- 10 8th St SE - 2 bed/1.5ba asking $975k. This is probably my least favorite of the bunch (not a fan of basement kitchens) https://www.redfin.com/DC/Washington/10-8th-St-SE-20003/home/9903321)

Is anyone a fan of a basement kitchen? We had Hill friends who had one and it was a logistical disaster. They only bought it because they were desperate to own on the Hill and the basement-kitchen discount got it into their price range (tho they only lasted 5-6 years before moving).