Are these H St. NE / Capitol Hill houses priced appropriately?
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Anonymous
Evil lurks in the night. I guess I'm a finished basement kind of gal. I'd rather have no basement at all than an unfinished one. |
Anonymous
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Why do you think this one has been sitting so long? I know the layout is a bit quirky and the bathrooms could use an update, but very spacious overall even if there are only 3 official bedrooms, there is also a den room. Maybe people don't like the big condo building being next door?
https://www.redfin.com/DC/Washington/629-5th-St-NE-20002/home/9896708 |
Anonymous
Pretty sure that’s a house next door. Or, at least, that’s the impression it gives from the street. (I guess it could be a very small condo building.) It’s a quirky layout for sure, and many people hate the basement kitchen thing. I’d have to see inside to know for sure but that cutout that brings all the light into the kitchen/basement also eliminates a lot of usable floor space. |
Anonymous
| $1.2m with no storage or garage and close to the new dispensaries on H Street, so tight parking. No thanks. |
Anonymous
Those are two condos next door: https://www.redfin.com/DC/Washington/625-5th-St-NE-20002/unit-1/home/113745659 https://www.redfin.com/DC/Washington/625-5th-St-NE-20002/unit-2/home/108560160 I think it's just overpriced. $1.25M isn't unreasonable for 2100sf, especially that close to Union Station, but it is a bit on the high end—and it's more likely to be the result of a bidding war for a house that listed lower than a good starting price. And I'm seeing right that they listed it in May at $1.2M, then increased the price two weeks later to $1.25M? That does not sound like the strategy of a motivated seller. |
Anonymous
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Emerald is finally pending after 70 days!
https://www.redfin.com/DC/Washington/1335-Emerald-St-NE-20002/home/9912879 |
Anonymous
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Same for 1341 Independence Ct SE after more than 90 days...
https://www.redfin.com/DC/Washington/1341-Independence-Ct-SE-20003/home/10338243 |
Anonymous
The homes in that particular development always seem to sit. Anyone know why? |
Anonymous
My theory is that it's basically a bunch of suburban townhomes plopped in a corner of Capitol Hill. They were built 17 years ago, so you don't get historical charm or brand-new finishes. We looked at one of the units last year. It seemed...fine, if kind of cheaply done in places. But the standard townhome model wasn't for us: basically no outdoor space except for a roof deck (and nowhere to add any); ground floor space dedicated to a garage, which means always going up a flight of stairs to get the the main level, plus the "what do we do with this space?" front room by the door. I get that design in the suburbs: you need a space to park the car(s). But it's kind of a car-centric design for Capitol Hill, IMO. |
Anonymous
Whats strange to me is the market in this development is all over the place. For example this townhouse was listed for less but went into contract in 5 days, albeit for list price https://www.redfin.com/DC/Washington/1347-Independence-Ct-SE-20003/home/10338250 This other townhouse was listed for more than this one and went into contract in 13 days, but who knows what the final price is yet https://www.redfin.com/DC/Washington/1335-Independence-Ct-SE-20003/home/10338236 This other townhouse facing South Carolina quickly when into contract in 1 day. https://www.redfin.com/DC/Washington/1344-S-Carolina-Ave-SE-20003/home/10338288 So maybe market timing, staging/renovations and the right price? |
Anonymous
Just FYI, the South Carolina houses are quite a bit different in that they do not have a fourth floor (they have a much larger roof deck instead). They have front yards, which is nice, but have less interior square footage. The Independence Ct houses do have a fourth floor, but the configuration can differ. In some, the fourth floor is divided into a den and bedroom. In others, like 1341, the fourth floor is one big open space. They describe the house as having 3 bedrooms because they are treating that open space as a bedroom. But many buyers would not want a third bedroom that is one large open space opening into a stairwell (no door). |
Anonymous
All pending except the bolded. |
Anonymous
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I think this is the only new sub-$1M listing this week. Standard flip with grandiose language. Too close to Barracks Row to have no parking for my liking. I have no idea if it's priced correctly -- it's tiny at 1300 sq ft, but the location is really convenient.
https://www.redfin.com/DC/Washington/535-10th-St-SE-20003/home/9905412 |
Anonymous
23 days and counting. Seems likely they shift to listing the units separately. If they do, it will be interesting to see the pricing strategy for each unit. It makes you wonder if they would have been better off just popping up to a single 3 or 4 bedroom home - which there is clearly a market for on the Hill. |
Anonymous
Those bedrooms are particularly tiny, but yeah it's a nice location. I'd love that house if I were rich and single. |