Worried About Buying EOTR

[Anonymous]

Anonymous wrote:Are people talking TH's or detached SFHs? I don't know the markets EOTR well at all, but I do know there aren't that many detached SFHs as close to downtown DC as the EOTR neighborhoods, and almost all are either already expensive or getting there quickly.

Hillcrest and Penn Branch are primarily detached single family homes with medium to large yards and garages/ off street parking. You can still get a nice sfh in these two area for mid -400’s to 600. A few come on the market for over $600k sometimes. Stones throw from capital hill and easy access to downtown.

[Anonymous]

Unlike other jurisdictions, DC can’t get any bigger. Or go higher. EoTR will be like North Harlem or Hells Kitchen 25 years ago. Rest of the city had developed and people thought the boom was over. Get in while you still can.

[Anonymous]

Bumping. I'm looking in the 20020 zip code and on one end, near Alabama and Naylor Rd. there is a huge concentration of apartments. Will this area ever see any improvement or should I focus on another area w/in that zip code?

[Anonymous]

Anonymous wrote:I wouldn't buy EOTR unless and until DC's economic situation improves which doesn't seem likely under this President, who seems dead set on reducing non-military government spending (hiring) and under the current DC political system which does a poor job in cultivating new private businesses.

DC will always be fine regardless who is in White House. There is significant shortage of housing and that's why you could see prices in EOTR would continue to go up.

There are some really nice neighborhoods in EOTR. I personally like the feel of Fairfax Village condos.

[Anonymous]

Op, if you are single or a small family then look into this:

https://www.realtor.com/realestateandhomes-detail/3922-Southern-Ave-SE-Apt-101_Washington_DC_20020_M68052-36273

It's about time, high end renovations start coming to EOTR.

[Anonymous]

Anonymous wrote:I wouldn't buy EOTR unless and until DC's economic situation improves which doesn't seem likely under this President, who seems dead set on reducing non-military government spending (hiring) and under the current DC political system which does a poor job in cultivating new private businesses.

Lol who are you trying to fool? You wouldn’t buy EOTR under any scenario, ever.

[Anonymous]

On an average, I expect EOTR to appreciate most in Percentage for the next decade.

You could see people picking up lower end condos and prices are going up with very less supply.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t think EOTR will ever gentrify like Shaw or NOMA. If it does, it’s 10-15 years away. Prices have gone up, yes, but they will level off. In 3-5 years there will be a generation of yuppies who moved to row houses and discover that it’s not enough room with kids. You’ll get another opportunity.

I guess it depends on your definition of "like Shaw or NOMA," but you are either very right or very wrong.


If you meant it will never have the concentration of bars and restaurants and the like, you are absolutely right. There are very few places if any EOTR that have the density to support it even if the demographics here looked like Upper NW. If you want evidence of this, just look anywhere in upper NW: huge incomes and house values but all the retail is concentrated into corridors that are several blocks away from each other. That is what I imagine most places EOTR are going to look like in 10-15 years, though obviously not as upscale.

Now if you meant it will never have the income/racial makeup that Shaw or NOMA currently have, that I very much disagree with. Shaw currently has a median HHI of $84,000 and is 50% black, 30% white, 11% hispanic, and 7% asian. I would be pretty shocked if many areas EOTR weren't comparable to that in a decade.

buuuut big buildings are going up EOTR:

https://dc.urbanturf.com/pipeline/590/20012027_Martin_Luther_King_Jr_Avenue
https://dc.urbanturf.com/pipeline/398/2255_Martin_Luther_King_Jr_Avenue_SE
https://dc.urbanturf.com/pipeline/478/Reunion_Square

The buildings will increase density and residents will certainly support bars and restaurants..

There are big buildings all over Wisconsin and Connecticut Avenues, it doesn't change the fact that outside those corridors it's mostly single family and duplex homes, just like EOTR.

I'm not saying no bars and restaurants will ever come here, I'm just saying the development will never mimic developed areas in the urban core like Shaw and NOMA, and will instead mimic developed areas in the less dense regions like Tenleytown and Cleveland Park.

I'm also not saying there won't be any more dense areas at all, the intersection of Benning Rd and Minnesota Ave will certainly be a retail hub, as will the Historic Anacostia/St. Elizabeth's area, Congress Heights, Skyland, and the area around the Deanwood metro as well. But outside those I think retail will be concentrated on Benning Rd, Minnesota Ave, Nannie Helen Burroughs, E. Capitol, Pennsylvania Ave, Good Hope Rd, MLK, Alabama Ave, and maybe a few others.

All in all I believe in 10 years time EOTR residents will have a huge increase in retail options, but it will never get to the point where every block has stores on it like Shaw or NOMA, the zoning would never allow it and the density would never support it.

I agree with the PP. I don't expect EOTR to become the next Shaw or NOMA. There will be some growth within the areas listed previously. It will take time but there a few beginnings...
https://www.washingtonpost.com/local/dc-politics/first-stand-alone-starbucks-east-of-anacostia-brings-both-excitement-and-worries-about-displacement/2017/10/22/adf0e6dc-b4e6-11e7-be94-fabb0f1e9ffb_story.html?utm_term=.7053ffb819d5

I love the growth in EOTR and could see all the nice cheaper condos gaining significant values within next 4-5 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t think EOTR will ever gentrify like Shaw or NOMA. If it does, it’s 10-15 years away. Prices have gone up, yes, but they will level off. In 3-5 years there will be a generation of yuppies who moved to row houses and discover that it’s not enough room with kids. You’ll get another opportunity.

You were clearly not hear in the early 90s. I lived in Shaw and my mother cried when she pulled up to the house. My friend bought in Columbia Heights on 13th street. 75K for one of the large row houses b/c no one was EVER going to live there. Your advice is wrong.

Problem is, early 90s was 30 years ago. Who wants to spend half their lifetime waiting for things to improve?!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wouldn't buy EOTR unless and until DC's economic situation improves which doesn't seem likely under this President, who seems dead set on reducing non-military government spending (hiring) and under the current DC political system which does a poor job in cultivating new private businesses.

Lol who are you trying to fool? You wouldn’t buy EOTR under any scenario, ever.

LOL! you are talking about 10 years ago. Don't buy if you want to miss the boat - your choice.

[Anonymous]

What about the neighborhood near Alabama and Naylor Rd?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t think EOTR will ever gentrify like Shaw or NOMA. If it does, it’s 10-15 years away. Prices have gone up, yes, but they will level off. In 3-5 years there will be a generation of yuppies who moved to row houses and discover that it’s not enough room with kids. You’ll get another opportunity.

You were clearly not hear in the early 90s. I lived in Shaw and my mother cried when she pulled up to the house. My friend bought in Columbia Heights on 13th street. 75K for one of the large row houses b/c no one was EVER going to live there. Your advice is wrong.

and that gentrification has spilled to Petworth and 11th St.

I wouldn't be surprised if EOTR gentrifies like Columbia Heights/Petworth/11th St.

Do we really want it to? Those areas are still kind of crappy only with a layer of yuppies, yuckies and hipsters running around prending like they don’t see the poor people

Who is "we?" Do you live eotr? I live in Historic Anacostia and am not seeing a bunch of "yuppies, yuckies or hipsters" running anywhere.

Our house value has increased about 50% in 5 years for what its worth to this discussion.

[Anonymous]

Anonymous wrote:Bumping. I'm looking in the 20020 zip code and on one end, near Alabama and Naylor Rd. there is a huge concentration of apartments. Will this area ever see any improvement or should I focus on another area w/in that zip code?

Lidl, &Pizza and more. https://www.skylandtowncenter.com/

Also in 20020 in Historic Anacostia

[Anonymous]

Anonymous wrote:Op, if you are single or a small family then look into this:

https://www.realtor.com/realestateandhomes-detail/3922-Southern-Ave-SE-Apt-101_Washington_DC_20020_M68052-36273

It's about time, high end renovations start coming to EOTR.

This looks nice but one bedroom though. Glad people are updating the units.

[Anonymous]

You can't go wrong with EOTR as an investment or buying for self. Just make sure there are no issues and condo/rowhouses don't have any structural problems