Are these H St. NE / Capitol Hill houses priced appropriately?
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Anonymous
What am I missing about the 8th Street house? It's teeny tiny, yeah, but that seems like a pretty good price for a condo alternative in that neighborhood. |
Anonymous
Agree. Adorable and a couple blocks from Union Market. I’d happily live there if I didn’t have two kids and a husband. |
Anonymous
Agreed its ridiculous, but then again friends of mine just bought at 4bd/3.5 bath that has clearly been flipped by the same people as this for $1.05. It was on the market for over 170 days listed at 1.2, then 1.1, then my friends bought it. Almost identical home next door is still on the market. |
Anonymous
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I present to you the saddest renovation I've seen in a while. They didn't even try to make the sale items at Home Depot fit properly. Expect to have to do extensive remodeling, but hey, you get 4br/3.5ba for $800k, if you can stomach fronting a busy stretch of Florida Ave.
https://www.redfin.com/DC/Washington/703-Florida-Ave-NE-20002/home/9900866 |
Anonymous
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Y'know, one of the things I really like about this thread is how friendly and polite most of the posts have been. The one off-topic bickerfest got purged, thankfully. Here's hoping we can keep posts in that spirit. And FWIW, my impression has been that most people in this thread are quite familiar with Capitol Hill and probably live here. Knowing the area and, "Holy $#!+ these houses are expensive!" are not mutually exclusive. Probably the opposite, for people who have lived here a while.
Back on topic: I hadn't realized that pop-up kitchen vents are a thing, so thanks for that. Here's one article about them: https://www.remodelista.com/posts/remodeling-101-downdraft-kitchen-vents-pop-up-kitchen-vents/. From what that says, though, the pop-up vents aren't as effective as overhead vents, which makes some sense. Still, I'm not sure that alone would be a deal-breaker for me. |
Anonymous
They are zoned for exactly the same schools!!! LT, SH and Eastern. Are you an gent with a house on the 400 block of G Street? Sigh... |
Anonymous
Yes, this neighborhood difference was more pronounced 20+ years ago when those extra two - three blocks meant a higher likelihood of getting shot. Now it is not a big deal, at all, or there are even bonuses, as you're living closer to your peers vs NIMBY retirees who have these entrenched attitudes "Old -Hill" ... It cuts both ways, though... I for one would much rather live in the 600 block of G, than in the blocks near Eastern Market. |
Anonymous
https://www.redfin.com/DC/Washington/1101-9th-St-NE-20002/unit-2/home/88631402 https://www.redfin.com/DC/Washington/619-12th-St-NE-20002/home/9910202 https://www.redfin.com/DC/Washington/648-G-St-NE-20002/home/9898519 https://www.redfin.com/DC/Washington/1101-7th-St-NE-20002/home/9900901 https://www.redfin.com/DC/Washington/904-11th-St-NE-20002/home/9905908 https://www.redfin.com/DC/Washington/1020-F-St-NE-20002/home/9906172 https://www.redfin.com/DC/Washington/612-11th-St-NE-20002/home/9906167 |
Anonymous
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What the heck, I have the day off. I'll play:
https://www.redfin.com/DC/Washington/1101-9th-St-NE-20002/unit-2/home/88631402 3BR/3.5BA, 1733 sqft (condo) Listed: 4/14/20, $985,000 Sold: 5/29/20, $960,000 https://www.redfin.com/DC/Washington/619-12th-St-NE-20002/home/9910202 3BR/25BA, 2020 sqft Listed: 8/26/20, $974,900 Sold: 9/30/20, $980,000 https://www.redfin.com/DC/Washington/648-G-St-NE-20002/home/9898519 3BR/2.5BA 2081 sqft Listed: 10/1/20, $1,025,000 Sold: 10/9/20, $1,020,000 https://www.redfin.com/DC/Washington/1101-7th-St-NE-20002/home/9900901 4BR/3.5BA, 1810 sqft Listed: 7/23/20, $1,195,000 Sold: 8/20/20, $1,195,000 https://www.redfin.com/DC/Washington/904-11th-St-NE-20002/home/9905908 3BR/3BA, 2124 sqft Listed: 8/6/20, $1,049,000 Sold: 8/12/20, $1,100,000 https://www.redfin.com/DC/Washington/1020-F-St-NE-20002/home/9906172 4BR/4.5BA, 2616 sqft Listed: 7/9/20, $1,175,000 Sold: 7/15/20, $1,139,750 https://www.redfin.com/DC/Washington/612-11th-St-NE-20002/home/9906167 4BR/3.5BA, 1658 sqft (Zillow says 2363 sqft) Listed: 8/13/20, $1,195,000 Sold: 8/23/20, $1,195,000 So, yeah, some places have sold in Capitol Hill and H Street in the million-dollar range, most of them fairly quickly. I'm a little surprised at how large most of them are, though, and how little over asking price they went for. I'd started to assume that nothing in Capitol Hill sells at less than 5% over asking price. I'd be more interested in seeing a list of places that have relisted, though, since I haven't seen any come up in my searches lately. |
Anonymous
Providing examples of houses that went under contract over the summer and closed during the past few months actually proves my point. Summer was a great time to make a killing as a seller. Recent listings have not fared as well. We'll see how things go over the fall and winter. Mortgage rates are way up with Biden winning and COVID vaccine announcement. |
Anonymous
Fall and winter are traditionally slow times. So is summer, except because of Covid, the peak spring season was pushed back into summer. Real estate is seasonal, even around here. |
Anonymous
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Here are some additional relistings. There are actually far more examples of price drops than failed contracts.
https://www.redfin.com/DC/Washington/1417-Maryland-Ave-NE-20002/home/10177664 https://www.redfin.com/DC/Washington/1516-N-Carolina-Ave-NE-20002/home/9918332 |
Anonymous
Almost true but not quite. I purposely avoid G street between 7th and 8th because of the constant loitering. |
Anonymous
These are not good examples. |
Anonymous
Why not? |