Petworth Townhouses Hit $860K-

[Anonymous]

Anonymous wrote:

Anonymous wrote:Perworth was fine for a deal... If I'm spending that kind of money - I'm looking elsewhere.

+1. Sorry. Petworth is just not worth that kind of money.

Yet everyone is moving there......

[Anonymous]

I think that one thing some of you are not including in the equation is "ability to appreciate".

When, not if, Georgia Ave cleans up, there will be significant appreciation in Petworth home values. I'd expect AU park to continue to appreciate in line with inflation, or perhaps decrease slightly.

That may mean nothing to you, and neighborhood feel outweighs size, so you buy in AU park. I have different priorities and outlook, so I come to a different answer. And enough people do that it is "worth that kind of money".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Perworth was fine for a deal... If I'm spending that kind of money - I'm looking elsewhere.

+1. Sorry. Petworth is just not worth that kind of money.

Yet everyone is moving there......

Petworth is a fantastic place to be. It's central...easy to get onto the Parkway to head downtown or into Virginia and easy trip up GA Ave or over to South Dakota to get to Maryland. Lots of new restaurants moving in, new Safeway, metro accessible, multiple bus lines. People love to throw out crime as a problem, but I personally think people that say that stuff are usually bumpkin suburbanites who don't have the same sensibilities of people who like to live in the city. To each his own. Say whatever you want...if Petworth isn't for you, so be it. But lots of people are happy to pay $700 to $900K for a rowhouse. Glad we bought ours 12 years ago for $200K. Cha-ching!

[Anonymous]

Anonymous wrote:I think that one thing some of you are not including in the equation is "ability to appreciate".

When, not if, Georgia Ave cleans up, there will be significant appreciation in Petworth home values. I'd expect AU park to continue to appreciate in line with inflation, or perhaps decrease slightly.

That may mean nothing to you, and neighborhood feel outweighs size, so you buy in AU park. I have different priorities and outlook, so I come to a different answer. And enough people do that it is "worth that kind of money".

When we bought in AU Park a few years ago, Petworth was clearly "not yet worth", and we did not consider it (while we did consider Shaw and Columbia Heights), but I'll agree with you that Petworth is surely a better investment in terms of appreciation than Upper NW. That said, since we got a good deal in AU Park, our house has appreciated about 25% in those few years, as the market is crazy here right now (and we have made improvements). In the long run, I'm not worried about Upper NW home values no matter how much the rest of the city improves, as there will always be people who want a SFH with a yard combined with walkability and a short commute.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I think that one thing some of you are not including in the equation is "ability to appreciate".

When, not if, Georgia Ave cleans up, there will be significant appreciation in Petworth home values. I'd expect AU park to continue to appreciate in line with inflation, or perhaps decrease slightly.

That may mean nothing to you, and neighborhood feel outweighs size, so you buy in AU park. I have different priorities and outlook, so I come to a different answer. And enough people do that it is "worth that kind of money".

When we bought in AU Park a few years ago, Petworth was clearly "not yet worth", and we did not consider it (while we did consider Shaw and Columbia Heights), but I'll agree with you that Petworth is surely a better investment in terms of appreciation than Upper NW. That said, since we got a good deal in AU Park, our house has appreciated about 25% in those few years, as the market is crazy here right now (and we have made improvements). In the long run, I'm not worried about Upper NW home values no matter how much the rest of the city improves, as there will always be people who want a SFH with a yard combined with walkability and a short commute.

It's funny that there's a little bit of an AU Park/Petworth feud on here, but this poster is right. I love our place in Petworth, but we're wanting a SFH with a yard. Some friends in Petworth have a nice sized yard - our lot doesn't. We can't help but feel that WOTP is just kind of dull overall, but I guess we have to come to terms with the fact that we're old and dull. We probably only get out to the cool places in the hood once a month or so, if that. Even at 800k, you're still doing a lot better in Petworth than WOTP. The only place we can buy for that with a decent sized SFH is all the way up in the very very unwalkable portions of NW (Hawthorne, Barnaby Woods, etc).

All we want is proxmiity to downtown, walkability to transit, outdoor spaces and the grocery store, a good set of DCPS schools through HS, a SFH, a garage, and a yard for less than 850. Is that so much to ask?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think that one thing some of you are not including in the equation is "ability to appreciate".

When, not if, Georgia Ave cleans up, there will be significant appreciation in Petworth home values. I'd expect AU park to continue to appreciate in line with inflation, or perhaps decrease slightly.

That may mean nothing to you, and neighborhood feel outweighs size, so you buy in AU park. I have different priorities and outlook, so I come to a different answer. And enough people do that it is "worth that kind of money".

When we bought in AU Park a few years ago, Petworth was clearly "not yet worth", and we did not consider it (while we did consider Shaw and Columbia Heights), but I'll agree with you that Petworth is surely a better investment in terms of appreciation than Upper NW. That said, since we got a good deal in AU Park, our house has appreciated about 25% in those few years, as the market is crazy here right now (and we have made improvements). In the long run, I'm not worried about Upper NW home values no matter how much the rest of the city improves, as there will always be people who want a SFH with a yard combined with walkability and a short commute.

It's funny that there's a little bit of an AU Park/Petworth feud on here, but this poster is right. I love our place in Petworth, but we're wanting a SFH with a yard. Some friends in Petworth have a nice sized yard - our lot doesn't. We can't help but feel that WOTP is just kind of dull overall, but I guess we have to come to terms with the fact that we're old and dull. We probably only get out to the cool places in the hood once a month or so, if that. Even at 800k, you're still doing a lot better in Petworth than WOTP. The only place we can buy for that with a decent sized SFH is all the way up in the very very unwalkable portions of NW (Hawthorne, Barnaby Woods, etc).

All we want is proxmiity to downtown, walkability to transit, outdoor spaces and the grocery store, a good set of DCPS schools through HS, a SFH, a garage, and a yard for less than 850. Is that so much to ask?

I think you were looking for 16th Street Heights. A little more expensive than Petworth, a little farther from the crime, a little farther from the metro / happening spot, many SFHs, garages (attached / detached), yards, good set of DCPS schools through HS (for part of the area, for now at least). $850 might not get you the fanciest one, but it's more doable than AU Park. I really don't have anything against AU Park - just there are other options.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think that one thing some of you are not including in the equation is "ability to appreciate".

When, not if, Georgia Ave cleans up, there will be significant appreciation in Petworth home values. I'd expect AU park to continue to appreciate in line with inflation, or perhaps decrease slightly.

That may mean nothing to you, and neighborhood feel outweighs size, so you buy in AU park. I have different priorities and outlook, so I come to a different answer. And enough people do that it is "worth that kind of money".

When we bought in AU Park a few years ago, Petworth was clearly "not yet worth", and we did not consider it (while we did consider Shaw and Columbia Heights), but I'll agree with you that Petworth is surely a better investment in terms of appreciation than Upper NW. That said, since we got a good deal in AU Park, our house has appreciated about 25% in those few years, as the market is crazy here right now (and we have made improvements). In the long run, I'm not worried about Upper NW home values no matter how much the rest of the city improves, as there will always be people who want a SFH with a yard combined with walkability and a short commute.

It's funny that there's a little bit of an AU Park/Petworth feud on here, but this poster is right. I love our place in Petworth, but we're wanting a SFH with a yard. Some friends in Petworth have a nice sized yard - our lot doesn't. We can't help but feel that WOTP is just kind of dull overall, but I guess we have to come to terms with the fact that we're old and dull. We probably only get out to the cool places in the hood once a month or so, if that. Even at 800k, you're still doing a lot better in Petworth than WOTP. The only place we can buy for that with a decent sized SFH is all the way up in the very very unwalkable portions of NW (Hawthorne, Barnaby Woods, etc).

All we want is proxmiity to downtown, walkability to transit, outdoor spaces and the grocery store, a good set of DCPS schools through HS, a SFH, a garage, and a yard for less than 850. Is that so much to ask?

I think you were looking for 16th Street Heights. A little more expensive than Petworth, a little farther from the crime, a little farther from the metro / happening spot, many SFHs, garages (attached / detached), yards, good set of DCPS schools through HS (for part of the area, for now at least). $850 might not get you the fanciest one, but it's more doable than AU Park. I really don't have anything against AU Park - just there are other options.

I was looking for that when it was zoned into Deal/Wilson. It won't do now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Perworth was fine for a deal... If I'm spending that kind of money - I'm looking elsewhere.

+1. Sorry. Petworth is just not worth that kind of money.

Yet everyone is moving there......

Petworth is a fantastic place to be. It's central...easy to get onto the Parkway to head downtown or into Virginia and easy trip up GA Ave or over to South Dakota to get to Maryland. Lots of new restaurants moving in, new Safeway, metro accessible, multiple bus lines. People love to throw out crime as a problem, but I personally think people that say that stuff are usually bumpkin suburbanites who don't have the same sensibilities of people who like to live in the city. To each his own. Say whatever you want...if Petworth isn't for you, so be it. But lots of people are happy to pay $700 to $900K for a rowhouse. Glad we bought ours 12 years ago for $200K. Cha-ching!

No. I have lived in Berlin and other European cities all my life, and I am not used to nor do I have any tolerance for the levels of crime in Petworth. So I moved WOTP, into a walkable area. I realize not everyone can afford that (although our house was less than the one that is the topic of this thread), but it is definitely not only suburbanites who have low tolerance for crime.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think that one thing some of you are not including in the equation is "ability to appreciate".

When, not if, Georgia Ave cleans up, there will be significant appreciation in Petworth home values. I'd expect AU park to continue to appreciate in line with inflation, or perhaps decrease slightly.

That may mean nothing to you, and neighborhood feel outweighs size, so you buy in AU park. I have different priorities and outlook, so I come to a different answer. And enough people do that it is "worth that kind of money".

When we bought in AU Park a few years ago, Petworth was clearly "not yet worth", and we did not consider it (while we did consider Shaw and Columbia Heights), but I'll agree with you that Petworth is surely a better investment in terms of appreciation than Upper NW. That said, since we got a good deal in AU Park, our house has appreciated about 25% in those few years, as the market is crazy here right now (and we have made improvements). In the long run, I'm not worried about Upper NW home values no matter how much the rest of the city improves, as there will always be people who want a SFH with a yard combined with walkability and a short commute.

It's funny that there's a little bit of an AU Park/Petworth feud on here, but this poster is right. I love our place in Petworth, but we're wanting a SFH with a yard. Some friends in Petworth have a nice sized yard - our lot doesn't. We can't help but feel that WOTP is just kind of dull overall, but I guess we have to come to terms with the fact that we're old and dull. We probably only get out to the cool places in the hood once a month or so, if that. Even at 800k, you're still doing a lot better in Petworth than WOTP. The only place we can buy for that with a decent sized SFH is all the way up in the very very unwalkable portions of NW (Hawthorne, Barnaby Woods, etc).

All we want is proxmiity to downtown, walkability to transit, outdoor spaces and the grocery store, a good set of DCPS schools through HS, a SFH, a garage, and a yard for less than 850. Is that so much to ask?

I think you were looking for 16th Street Heights. A little more expensive than Petworth, a little farther from the crime, a little farther from the metro / happening spot, many SFHs, garages (attached / detached), yards, good set of DCPS schools through HS (for part of the area, for now at least). $850 might not get you the fanciest one, but it's more doable than AU Park. I really don't have anything against AU Park - just there are other options.

I was looking for that when it was zoned into Deal/Wilson. It won't do now.

It is still zoned for Deal / Wilson... until 2022 at least. So unless your kids are pretty young, it still works.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I think that one thing some of you are not including in the equation is "ability to appreciate".

When, not if, Georgia Ave cleans up, there will be significant appreciation in Petworth home values. I'd expect AU park to continue to appreciate in line with inflation, or perhaps decrease slightly.

That may mean nothing to you, and neighborhood feel outweighs size, so you buy in AU park. I have different priorities and outlook, so I come to a different answer. And enough people do that it is "worth that kind of money".

When we bought in AU Park a few years ago, Petworth was clearly "not yet worth", and we did not consider it (while we did consider Shaw and Columbia Heights), but I'll agree with you that Petworth is surely a better investment in terms of appreciation than Upper NW. That said, since we got a good deal in AU Park, our house has appreciated about 25% in those few years, as the market is crazy here right now (and we have made improvements). In the long run, I'm not worried about Upper NW home values no matter how much the rest of the city improves, as there will always be people who want a SFH with a yard combined with walkability and a short commute.

It's funny that there's a little bit of an AU Park/Petworth feud on here, but this poster is right. I love our place in Petworth, but we're wanting a SFH with a yard. Some friends in Petworth have a nice sized yard - our lot doesn't. We can't help but feel that WOTP is just kind of dull overall, but I guess we have to come to terms with the fact that we're old and dull. We probably only get out to the cool places in the hood once a month or so, if that. Even at 800k, you're still doing a lot better in Petworth than WOTP. The only place we can buy for that with a decent sized SFH is all the way up in the very very unwalkable portions of NW (Hawthorne, Barnaby Woods, etc).

All we want is proxmiity to downtown, walkability to transit, outdoor spaces and the grocery store, a good set of DCPS schools through HS, a SFH, a garage, and a yard for less than 850. Is that so much to ask?

You want Shepherd Park. Zoned for Deal/Wilson going forward, and other former Petworth families here. $850K will get you a nice SFH with some updates and a nice-sized yard.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Perworth was fine for a deal... If I'm spending that kind of money - I'm looking elsewhere.

Where? In what nicer neighborhood in DC can you find a comparable house for this price? People who throw this sort of thing out make it seem like this house in Cleveland Park wouldn't be hundreds of thousands more. Hell, Capitol Hill is more expensive and I don't think it's considerably safer than those neighborhood.

I live in Colonial Village on Rock Creek Park and you can find a pretty nice house for that. It might not have all of the bells and whistles, but you'll have a yard, garage and be in a beautiful and very safe part of the city.

[Anonymous]

Even if I had the money, Petworth Makes sense for me. I work in White Oak. Spouse works on Green Line in SE DC. We both have 25 minute commutes. It would not be that way if we lived in Upper NW. Or pretty much anyplace else. I sacrifice a nicer neighborhood for both of us to have pretty stellar commutes. That is worth a fair amount to us. People have all kinds of motivations.

[Anonymous]

Wow! Isn't this really just a two bedroom with a potential rental unit in the basement?

[Anonymous]

Wow! Isn't this really just a two bedroom with a potential rental unit in the basement?

I actually went to the open house. There is a full third floor of entertaining space with a deck that would also make a decent bedroom. You also don't have to use the rental unit as a rental unit if you don't want. It was nicely done - one of the nicest flips I have seen. I don't know if it will fetch $859K but we shall see.

[Anonymous]

Homes have been selling for $800k+ since last year. 1360 Taylor St sold for $819k last August.