Are these H St. NE / Capitol Hill houses priced appropriately?

[Anonymous]

Anonymous wrote:

Anonymous wrote:How about this condo in-bounds for Brent? It's been for sale since last November and no bites... why?

https://www.zillow.com/homedetails/628-S-Carolina-Ave-SE-5C-Washington-DC-20003/183133098_zpid/

I’ve always loved that development but that place is very, very expensive for what you get. You can get a beautiful 3- or 4-bedroom house in bounds for good Hill schools for that price. And you won’t feel like your bedroom ceiling is closing in on you.

Yeah that’s a lot for 2 bedrooms, plus you’ve got a $700 HOA fee on top of that. I don’t think the target buyer is someone interested in Brent— more likely someone older with no kids or grown kids, who does work on the Hill and wants a low maintenance home where they can entertain. It’s a very specific profile.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Emerald is finally pending after 70 days!

https://www.redfin.com/DC/Washington/1335-Emerald-St-NE-20002/home/9912879

Closed for $690,000. That is *quite* the discount from the listing price of $800k, and lower than I figured even a burned out shell would go for on this block. I feel like we deserve to know what was wrong with this house. I know someone here knows who bought it ... get them to spill the beans.

Remember the saga of 1335 Emerald? A real estate agent bought it, flipped it, and re-listed it three months later for just shy of a million. Do you think the cheap cosmetic upgrades are worth the $300k markup? I'm impressed they were able to shove in another bathroom in such a short amount of time, hopefully in a manner that won't cause leaks or other plumbing headaches.

https://www.redfin.com/DC/Washington/1335-Emerald-St-NE-20002/home/9912879

Still on the market. Needs a price reduction.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Remember the saga of 1335 Emerald? A real estate agent bought it, flipped it, and re-listed it three months later for just shy of a million. Do you think the cheap cosmetic upgrades are worth the $300k markup? I'm impressed they were able to shove in another bathroom in such a short amount of time, hopefully in a manner that won't cause leaks or other plumbing headaches.

https://www.redfin.com/DC/Washington/1335-Emerald-St-NE-20002/home/9912879

Still on the market. Needs a price reduction.

It just got one, but only by $20k. I doubt that a drop in asking price from $995,000 to $975,000 is enough, but I guess we'll see.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remember the saga of 1335 Emerald? A real estate agent bought it, flipped it, and re-listed it three months later for just shy of a million. Do you think the cheap cosmetic upgrades are worth the $300k markup? I'm impressed they were able to shove in another bathroom in such a short amount of time, hopefully in a manner that won't cause leaks or other plumbing headaches.

https://www.redfin.com/DC/Washington/1335-Emerald-St-NE-20002/home/9912879

Still on the market. Needs a price reduction.

It just got one, but only by $20k. I doubt that a drop in asking price from $995,000 to $975,000 is enough, but I guess we'll see.

The price needs to come down way more than that. No matter how much they changed cosmetically, that's still a very small house, and adding a full bath probably made it even more cramped.

They'll start getting offers pretty quickly if they drop it to like $925k.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remember the saga of 1335 Emerald? A real estate agent bought it, flipped it, and re-listed it three months later for just shy of a million. Do you think the cheap cosmetic upgrades are worth the $300k markup? I'm impressed they were able to shove in another bathroom in such a short amount of time, hopefully in a manner that won't cause leaks or other plumbing headaches.

https://www.redfin.com/DC/Washington/1335-Emerald-St-NE-20002/home/9912879

Still on the market. Needs a price reduction.

It just got one, but only by $20k. I doubt that a drop in asking price from $995,000 to $975,000 is enough, but I guess we'll see.

The price needs to come down way more than that. No matter how much they changed cosmetically, that's still a very small house, and adding a full bath probably made it even more cramped.

They'll start getting offers pretty quickly if they drop it to like $925k.

Unsurprisingly, this is still on the marktet.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remember the saga of 1335 Emerald? A real estate agent bought it, flipped it, and re-listed it three months later for just shy of a million. Do you think the cheap cosmetic upgrades are worth the $300k markup? I'm impressed they were able to shove in another bathroom in such a short amount of time, hopefully in a manner that won't cause leaks or other plumbing headaches.

https://www.redfin.com/DC/Washington/1335-Emerald-St-NE-20002/home/9912879

Still on the market. Needs a price reduction.

It just got one, but only by $20k. I doubt that a drop in asking price from $995,000 to $975,000 is enough, but I guess we'll see.

The price needs to come down way more than that. No matter how much they changed cosmetically, that's still a very small house, and adding a full bath probably made it even more cramped.

They'll start getting offers pretty quickly if they drop it to like $925k.

Unsurprisingly, this is still on the marktet.

Probably needs another $50k chopped off the price. Just stupidly overpriced.

[Anonymous]

Why hasn't this house -- 3000 sqft $1.6 m, North Carolina Ave between Eastern Market and Lincoln Park -- sold? On the market 93 days.

https://www.redfin.com/DC/Washington/808-N-Carolina-Ave-SE-20003/home/9903355

[Anonymous]

Anonymous wrote:Why hasn't this house -- 3000 sqft $1.6 m, North Carolina Ave between Eastern Market and Lincoln Park -- sold? On the market 93 days.

https://www.redfin.com/DC/Washington/808-N-Carolina-Ave-SE-20003/home/9903355

Tiny kitchen that's in need of modernization? Almost zero usable outdoor space (the front yard is big, yes, but it's also seems to almost wholly landscaped)? Street parking in a neighborhood where that can be annoying? No mention of CofO for lower level?

[Anonymous]

Sold for $782K in May, back on the market for $1.275 million in December. Still sitting after 27 days:

https://www.redfin.com/DC/Washington/809-G-St-NE-20002/home/9902511

Sold for $940K in May, back on the market for $1.545 million in December. Still sitting after 36 days:

https://www.redfin.com/DC/Washington/649-F-St-NE-20002/home/9898903

[Anonymous]

Anonymous wrote:Sold for $782K in May, back on the market for $1.275 million in December. Still sitting after 27 days:

https://www.redfin.com/DC/Washington/809-G-St-NE-20002/home/9902511

Sold for $940K in May, back on the market for $1.545 million in December. Still sitting after 36 days:

https://www.redfin.com/DC/Washington/649-F-St-NE-20002/home/9898903

Maybe there actually is an upper limit on how high Capitol Hill flip prices can go? The second one isn't awful, but over $1.5M for 2100 sf seems high. But then, checking the pictures from the May sale, I can't believe something in that condition went for nearly a million dollars.

Oh, well. If this is the Capitol Hill market now, at least it makes my quandary of whether to buy in the Hill vs. suburbs a lot easier.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sold for $782K in May, back on the market for $1.275 million in December. Still sitting after 27 days:

https://www.redfin.com/DC/Washington/809-G-St-NE-20002/home/9902511

Sold for $940K in May, back on the market for $1.545 million in December. Still sitting after 36 days:

https://www.redfin.com/DC/Washington/649-F-St-NE-20002/home/9898903

Maybe there actually is an upper limit on how high Capitol Hill flip prices can go? The second one isn't awful, but over $1.5M for 2100 sf seems high. But then, checking the pictures from the May sale, I can't believe something in that condition went for nearly a million dollars.

Oh, well. If this is the Capitol Hill market now, at least it makes my quandary of whether to buy in the Hill vs. suburbs a lot easier.

At that price point they should have put the AC unit on the roof...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remember the saga of 1335 Emerald? A real estate agent bought it, flipped it, and re-listed it three months later for just shy of a million. Do you think the cheap cosmetic upgrades are worth the $300k markup? I'm impressed they were able to shove in another bathroom in such a short amount of time, hopefully in a manner that won't cause leaks or other plumbing headaches.

https://www.redfin.com/DC/Washington/1335-Emerald-St-NE-20002/home/9912879

Still on the market. Needs a price reduction.

It just got one, but only by $20k. I doubt that a drop in asking price from $995,000 to $975,000 is enough, but I guess we'll see.

The price needs to come down way more than that. No matter how much they changed cosmetically, that's still a very small house, and adding a full bath probably made it even more cramped.

They'll start getting offers pretty quickly if they drop it to like $925k.

Unsurprisingly, this is still on the marktet.

Probably needs another $50k chopped off the price. Just stupidly overpriced.

The Emerald Street house still is sitting along with some of the other ones mentioned here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why hasn't this house -- 3000 sqft $1.6 m, North Carolina Ave between Eastern Market and Lincoln Park -- sold? On the market 93 days.

https://www.redfin.com/DC/Washington/808-N-Carolina-Ave-SE-20003/home/9903355

Tiny kitchen that's in need of modernization? Almost zero usable outdoor space (the front yard is big, yes, but it's also seems to almost wholly landscaped)? Street parking in a neighborhood where that can be annoying? No mention of CofO for lower level?

It's almost a dream home for me (historic preservation enthusiast with urban space expectations), but beyond my budget. If I had the money it would be on my short list.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sold for $782K in May, back on the market for $1.275 million in December. Still sitting after 27 days:

https://www.redfin.com/DC/Washington/809-G-St-NE-20002/home/9902511

Sold for $940K in May, back on the market for $1.545 million in December. Still sitting after 36 days:

https://www.redfin.com/DC/Washington/649-F-St-NE-20002/home/9898903

Maybe there actually is an upper limit on how high Capitol Hill flip prices can go? The second one isn't awful, but over $1.5M for 2100 sf seems high. But then, checking the pictures from the May sale, I can't believe something in that condition went for nearly a million dollars.

Oh, well. If this is the Capitol Hill market now, at least it makes my quandary of whether to buy in the Hill vs. suburbs a lot easier.

At that price point they should have put the AC unit on the roof...

The bedrooms are too small/choppy for this price point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sold for $782K in May, back on the market for $1.275 million in December. Still sitting after 27 days:

https://www.redfin.com/DC/Washington/809-G-St-NE-20002/home/9902511

Sold for $940K in May, back on the market for $1.545 million in December. Still sitting after 36 days:

https://www.redfin.com/DC/Washington/649-F-St-NE-20002/home/9898903

Maybe there actually is an upper limit on how high Capitol Hill flip prices can go? The second one isn't awful, but over $1.5M for 2100 sf seems high. But then, checking the pictures from the May sale, I can't believe something in that condition went for nearly a million dollars.

Oh, well. If this is the Capitol Hill market now, at least it makes my quandary of whether to buy in the Hill vs. suburbs a lot easier.

At that price point they should have put the AC unit on the roof...

But only if there's direct, normal staircase access. My AC unit is on the roof, and the only way to get there is with a ladder, which makes maintenance a major PITA. I dread the hassle and expense that will go into replacing it.