AU Park tear down or total reno?

[Anonymous]

At $474 a sq ft, this is the best price in town. Would a buyer tear it down or just fully renovate?

https://www.zillow.com/homedetails/4832-46th-St-NW-Washington-DC-20016/438667_zpid/

[Anonymous]

All of the value is in the land.

[Anonymous]

Says it sits on a double lot.

[Anonymous]

Tear down for sure. It’s amazing that house hasn’t fallen down yet. It’s a great lot.

[Anonymous]

Can anyone think of a recent listing on a double lot that doesn’t become a teardown?

I don’t live in the area but not a single house near us with a double lot has been sold without being purchased by a developer and subdivided. And that’s in 8+ years.

[Anonymous]

Double lot developer will build a duplex that’s why the price is high

[Anonymous]

It can’t be a duplex, as it’s zoned for a single family home.
https://dcoz.dc.gov/sites/default/files/dc/sites/dcoz/publication/attachments/ward3_zoningmap_170401.pdf

[Anonymous]

Why is this even a question? I've seen homes that are one million times in better condition and get torn down.

[Anonymous]

It’s a question because it was “coming soon” for over a week and is now for sale. Developers usually buy properties before they are active, so it may be sold to a regular family.

[Anonymous]

Anonymous wrote:It’s a question because it was “coming soon” for over a week and is now for sale. Developers usually buy properties before they are active, so it may be sold to a regular family.

Oh come on! Are you for real? Did you see the listing?

[Anonymous]

Anonymous wrote:Says it sits on a double lot.

Officially it is 2 lots.
But the double lot is a total of 45 feet wide. The house next to is is a single lot and 40 feet
The house 2 down is also a "double lot". There was clearly some history at the time of what they were building and were.

Most people today are not building 2 homes on 45 foot wide lot - with set backs.

[Anonymous]

Yeah we own a bungalow in the neighborhood too with a similar lot. While technically accurate to call it a double lot it is misleading - the total land area for this home is less than 5K sqft.

[Anonymous]

It’s AU Park, sometimes people scrape together just enough money to get into the neighborhood, but are not able to tear down. Another bungalow, either on this block or down one or two, also looked like a tear down, but was renovated and is still small.

I am curious what it will go for?

[Anonymous]

100% a tear down. I saw them pressure washing it this morning and didn’t see the point. 1925 build with an iffy looking foundation - there’s nothing to rehab. If there even is a full basement it can’t be a decent height.

[Anonymous]

Wow. A million dollars for a piece of land with a house needing to be torn down first on a double yellow lined street. I feel for people with an average HHI that didn't buy 5+ years ago. They have no chance.