910 M St NW Condos - why taking so long to sell?

[Anonymous]

Hmm, it’s odd that this other unit in the building has fewer square feet but a higher condo fee of $726/mo: https://www.redfin.com/DC/Washington/910-M-St-NW-20001/unit-323/home/11746776?600390594=copy_variant&231528114=control&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

[Anonymous]

Anonymous wrote:For one condos are a dime a dozen and two there's carpet.

Yet, its so hard to find an updated condo with good location and low condo fee.

[Anonymous]

Anonymous wrote:$683/month condo fee, yikes. Hard to see how buying makes sense in light of all the wasted money on condo fees, taxes, and interest. Sure, you're building some equity every month, but it will pale in comparison to the total amount you'll be spending.

With 10% down at current interest rates the monthly PITI for this $625k condo would be roughly $4,400.

At that point I would just rent.

[Anonymous]

It looks/feels like a bowling alley.

[Anonymous]

That building has always been a harder sell. It is not a nice area.

[Anonymous]

Anonymous wrote:That building has always been a harder sell. It is not a nice area.

Is it Logan or Mt Vernon?

[Anonymous]

Anonymous wrote:That building has always been a harder sell. It is not a nice area.

I often visited a friend nearby and felt safe and there were tons of things to do nearby. His condo was gorgeous.

[Anonymous]

Anonymous[b wrote:]Bedroom is open to living area so even with the door, its basically a loft. Upstairs has carpeting. HOA is high, not everyone cares for amenities they need to pay for monthly but may not use at all or rarely. Building is high rise which makes it apartment like.

[/b]


This. Plus TINY. Photos make it look larger than it is - and it looks tiny in the photos

[Anonymous]

construction across the street?

[Anonymous]

Anonymous wrote:Is it always price? Also almost $700 in HOA fees is a lot. The patio is also on a very busy street. Some people don't like a walk out to the street for safety reasons.

Its better than basement units or higher units without a good elevator.