Overpriced or kind of cool? (DC Wharf)

[Anonymous]

It's not a condo, it's a co-op.

I think the unit itself is delightful and the views plus the terrace are awesome features. Also, is that an indoor pool? The only other building in DC that I know of that has an indoor lap pool is the K-W; those are super rare.

I don't think it's comparable to the Penn Ave apartment that PP posted -- the Wharf one is much larger and has a balcony and a view.

But yeah, I would not describe it as "priced to sell."

[Anonymous]

Anonymous wrote:It's not a condo, it's a co-op.

I think the unit itself is delightful and the views plus the terrace are awesome features. Also, is that an indoor pool? The only other building in DC that I know of that has an indoor lap pool is the K-W; those are super rare.

I don't think it's comparable to the Penn Ave apartment that PP posted -- the Wharf one is much larger and has a balcony and a view.

But yeah, I would not describe it as "priced to sell."

The mismatched old appliances and worn-out flooring are "delightful"?

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's not a condo, it's a co-op.

I think the unit itself is delightful and the views plus the terrace are awesome features. Also, is that an indoor pool? The only other building in DC that I know of that has an indoor lap pool is the K-W; those are super rare.

I don't think it's comparable to the Penn Ave apartment that PP posted -- the Wharf one is much larger and has a balcony and a view.

But yeah, I would not describe it as "priced to sell."

The mismatched old appliances and worn-out flooring are "delightful"?

Not PP but I do agree it has things going for it, including a pretty good footprint - two good sized bedrooms and two full bathrooms and living room and dining room that can accommodate normal sized furniture and a reasonable number of closets in 1300 sqft. That, coupled with being very light and nice coop amenities do lend appeal. Just not $1M worth...

I think they're thinking of this as a comp, which, um no. But, actually the footprint of the coop unit uses similar square footage more efficiently since the living/dining in this one is so small you can't fit a dining table. https://www.redfin.com/DC/Washington/525-Water-St-SW-20024/unit-426/home/113745462

The terrace is big enough you could do some pretty large scale container gardening up there and have space for a table and chairs and a sitting area. I think that's the type of buyer it would appeal to and both staging the terrace and waiting for spring might have been a better plan.

[Anonymous]

I slightly disagree with OP that the neighborhood is the Wharf - that's the new construction further down Maine Ave. The neighborhood (of which the Wharf is part) is Southwest Waterfront and is a lot more established and with more greenspace and day to day amenities. Lots of long standing neighbors so units turn over relatively infrequently, which is part of the fuss about this one. (Which I also agree is expensive for what it is .)

[Anonymous]

That kitchen is proof that counter-depth fridges, while more expensive with less space, are not frivolous.

[Anonymous]

Anonymous wrote:That kitchen is proof that counter-depth fridges, while more expensive with less space, are not frivolous.

Agree - I think painting the kitchen cabinets and buying a new appliance suite including a shallower fridge would have been very worthwhile. The summer photos of the coop's garden areas are pretty - that's a lot of green space for being two blocks from metro - I think that unit would be really nice in a spring and summer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's not a condo, it's a co-op.

I think the unit itself is delightful and the views plus the terrace are awesome features. Also, is that an indoor pool? The only other building in DC that I know of that has an indoor lap pool is the K-W; those are super rare.

I don't think it's comparable to the Penn Ave apartment that PP posted -- the Wharf one is much larger and has a balcony and a view.

But yeah, I would not describe it as "priced to sell."

The mismatched old appliances and worn-out flooring are "delightful"?

Floors look fine to me. Stove is white, so what, that's an easy fix if it bothers someone. But it's sunny, it's roomy, it has great outdoor space and good amenities, and a fantastic view. I'd live there, although not at that price.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's not a condo, it's a co-op.

I think the unit itself is delightful and the views plus the terrace are awesome features. Also, is that an indoor pool? The only other building in DC that I know of that has an indoor lap pool is the K-W; those are super rare.

I don't think it's comparable to the Penn Ave apartment that PP posted -- the Wharf one is much larger and has a balcony and a view.

But yeah, I would not describe it as "priced to sell."

The mismatched old appliances and worn-out flooring are "delightful"?

Floors look fine to me. Stove is white, so what, that's an easy fix if it bothers someone. But it's sunny, it's roomy, it has great outdoor space and good amenities, and a fantastic view. I'd live there, although not at that price.

I think the issue with those floors is that is that super old 70s style flooring, looks super ugly and dated in my view. But yeah replacing those prior to selling would have probably cost quite a bit. I would rather a lower price and then I get to pick what to replace with once I buy. But they totally mispriced this. Hells there is a new and modern condo in another building for like 1.1m. Seller got greedy I guess.

Furthermore agreed they should have redone the kitchen cabinets (just paint)and replaced the stove and microwave. It would not have cost them much to do that. It's a small kitchen so hiring someone to refinish paint that would probably be around 1-2k (2.5k was what we were quoted for a much bigger kitchen). Add a new stove for like 1k and microwave for 300. Anyway all in for under 4k they could have vastly improved that kitchen and therefore odds of selling.

[Anonymous]

I think it’s fine, just needs some comsmetic work. But that co-op fee, and co-ops being harder to finance, and parking is just leased. I wouldn’t but someone will.

[Anonymous]

Anonymous wrote:It's not a condo, it's a co-op.

I think the unit itself is delightful and the views plus the terrace are awesome features. Also, is that an indoor pool? The only other building in DC that I know of that has an indoor lap pool is the K-W; those are super rare.

I don't think it's comparable to the Penn Ave apartment that PP posted -- the Wharf one is much larger and has a balcony and a view.

But yeah, I would not describe it as "priced to sell."

The seller has entered the discussion.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's not a condo, it's a co-op.

I think the unit itself is delightful and the views plus the terrace are awesome features. Also, is that an indoor pool? The only other building in DC that I know of that has an indoor lap pool is the K-W; those are super rare.

I don't think it's comparable to the Penn Ave apartment that PP posted -- the Wharf one is much larger and has a balcony and a view.

But yeah, I would not describe it as "priced to sell."

The seller has entered the discussion.

+1 the place is a dump

[Anonymous]

Anonymous wrote:I think it’s fine, just needs some comsmetic [sic] work.

Dynamite. It needs Dynamite.

[Anonymous]

Anonymous wrote:It's horrific.

+1 I had that kitchen and bath in my starter condo in Chicago 20 years ago.

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's not a condo, it's a co-op.

I think the unit itself is delightful and the views plus the terrace are awesome features. Also, is that an indoor pool? The only other building in DC that I know of that has an indoor lap pool is the K-W; those are super rare.

I don't think it's comparable to the Penn Ave apartment that PP posted -- the Wharf one is much larger and has a balcony and a view.

But yeah, I would not describe it as "priced to sell."

The seller has entered the discussion.

+1 how many people truly value/use an indoor lap pool?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's not a condo, it's a co-op.

I think the unit itself is delightful and the views plus the terrace are awesome features. Also, is that an indoor pool? The only other building in DC that I know of that has an indoor lap pool is the K-W; those are super rare.

I don't think it's comparable to the Penn Ave apartment that PP posted -- the Wharf one is much larger and has a balcony and a view.

But yeah, I would not describe it as "priced to sell."

The seller has entered the discussion.

+1 how many people truly value/use an indoor lap pool?

Yes... the pool.

People. The fees are 2k per month. The amenities do not justify 2k per month.