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Ugly divorces are often traumatic for the owners but tend to create great real estate opportunities for others.
One of our friends got such a great house at probably 20% less of what it would've been if someone had time to empty it out and gotten ready for sale. They also got all the backyard furniture for pennies because both owners were moving to condos. |
+1 |
| Too close to Potomac Gardens, rampant increase in crime and carjackings in the Hill East area. Only closeby grocery option is the Safeway that is always mobbed. For that price there are better parts of the city that most people eventually discover outweigh the extra square footage or fancy finishes you get by buying in borderline locations. |
Isn't there a Harris Teeter near there? |
There are hundreds of houses within a few blocks that haven't turned over. I'm sure there are a few people in the neighborhood who have moved because of the increase in crime, and there are always some people who move out for more space. But if many people were moving out, there would be a lot of homes for sale and prices would be falling, not rising. And if you think that a lot of people are moving out, then why is the (newly fancy) Safeway "always mobbed"? You sound like Yogi Berra: "Nobody goes there anymore. It's too crowded." |
The Potomac Ave. Harris Teeter closed. But Eastern Market and the Eastern Market Trader Joe's are within walking distance, and it's a short drive to the two Hill Whole Foods and various other grocery stores. (I've lived on the Hill in the 90s, when there was only that Safeway and the Safeway in NE, plus Eastern Market. I don't think there was another large grocery within 2 or 3 miles. Now on the Hill or in adjacent neighborhoods we have two TJs, two Whole Foods, two Harris Teeters, and a Giant.) |
It really is amazing to see how many grocery stores opened in this area in the last 10 years. |
I think the idea of living there is very different than the reality. |
Eastern market is not really "walkable" from there with bags of groceries, but the Safeway is fine. Only on DCUM is a $900k increase in price over 5 years an indication that the neighborhood is bad. |
| Wow - that’s a big price tag! We live in another area of Cap Hill and I can’t believe that price. It was redeveloped by a really good team though, so at least the work is good quality. |
| Listed on 16th, under contract next day and sold on 23rd. That's lightning speed. Its a desirable property and area. |