Are these H St. NE / Capitol Hill houses priced appropriately?
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Anonymous
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Too high for me given how far East it is and that it is zoned for Miner. We are constantly looking for 3 bedrooms row houses this size because we'd like to upgrade from our 2 bedroom condo, but I wouldn't go over 700k for something in this part of the neighborhood. Especially because this one has little curb appeal and weird architecture that is going to hurt your resale value even if you are fine with the school. |
Anonymous
3-bedroom row homes in this neighborhood never last, especially ones zoned for Maury. That H street condo will sit for a while though. That pop-up is super ugly even if the apartment itself is really cute and the deck is nice. The Warren St. shouldn't last too long. It's small for the neighborhood but its increasingly hard to find houses for less than 700 south of Florida. This is a great house for a single or couple with no kids if you can swing it. The outdoor space is amazing. |
Anonymous
I was wondering why it’s been sitting a little longer - seems like it could be spruced up from the front but agree about the weird architecture. I’ve seen a few come up in the general vicinity of this block - outside of school zone, do ppl like the neighborhood overall? |
Anonymous
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It is amazing to me that these two houses are basically the same price. The smaller, uglier one was originally listed for $800k and sat for almost two months, dropping price to $740k. The one right behind it, larger and more updated, was listed for $749k and went under contract almost immediately.
https://www.redfin.com/DC/Washington/915-4th-St-NE-20002/home/9894997 https://www.redfin.com/DC/Washington/916-5th-St-NE-20002/home/9894973 |
Anonymous
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I really hate facades where the windows are not evenly spaced. That alone is a dealbreaker. |
Anonymous
And then there’s this one a block or two away that’s only a little bit more at $769k but significantly nicer than both. https://www.redfin.com/DC/Washington/1031-5th-St-NE-20002/home/9896480 |
Anonymous
Anonymous
You're right. Warren pending, condo still waiting for someone to swipe right. |
Anonymous
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A lot of the pending listings closed during the past week, so I figured I'd provide an update.
Rowhouses are flying off the market, many in bidding wars. Listed for $749k, sold for $895k, almost 20% above asking!! https://www.redfin.com/DC/Washington/916-5th-St-NE-20002/home/9894973 Listed for $814k, sold for $909,500, 12% over asking: https://www.redfin.com/DC/Washington/719-11th-St-NE-20002/home/10194073 Listed for $799,900, sold for $829,500: https://www.redfin.com/DC/Washington/318-14th-St-NE-20002/home/9913466 Listed for $999k, sold for a hair above a million: https://www.redfin.com/DC/Washington/423-K-St-NE-20002/home/9894963 Listed for $799,900, sold for $810k: https://www.redfin.com/DC/Washington/631-Orleans-Pl-NE-20002/home/9897913 Sold for asking at $830k: https://www.redfin.com/DC/Washington/1623-D-St-NE-20002/home/10115538 Listed for $625k, sold for $615k, no crazy bidding war here: https://www.redfin.com/DC/Washington/1527-N-Carolina-Ave-NE-20002/home/9918351 Almost all of the other rowhouses from this thread are pending/contingent. Only a couple of the super small ones in iffy condition are still active. Alley house going strong at 90 days, no price drops: https://www.redfin.com/DC/Washington/8-Browns-Ct-SE-20003/home/9900042 Down to $599k. I walked by this one and the exterior condition is horrendous. It probably needs to drop another $100k to be picked up by a flipper. https://www.redfin.com/DC/Washington/333-L-St-NE-20002/home/9892449 The Gessford mews house was removed from the market after four months of no takers. https://www.redfin.com/DC/Washington/15-Gessford-Ct-SE-20003/home/9908945 Condos are having a rough time. Right on H Street, price dropped to $695k from original $719k: https://www.redfin.com/DC/Washington/904-H-St-NE-20002/unit-3/home/109667923 Large Kingman Park condo zoned to Maury, now down to $640k: https://www.redfin.com/DC/Washington/1823-D-St-NE-20002/unit-C/home/144582758 Still looking for a special someone after initial contract fell through, now $519k after a $30k price drop: https://www.redfin.com/DC/Washington/911-2nd-St-NE-20002/unit-601/home/118540552 Now $760k after a $40k price drop: https://www.redfin.com/DC/Washington/301-K-St-NE-20002/unit-1/home/60397344 |
Anonymous
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Really slim pickings among current H Street / Capitol Hill listings at this price point. Mostly just condos. I think these are the most interesting of the new options:
4br/2ba Victorian near Stanton Park for $860k: https://www.redfin.com/DC/Washington/403-9th-St-NE-20002/home/9904200 3br/2.5ba for $749k, whose location will become a lot more appealing after all of the construction from the Central Armature Works redevelopment is complete: https://www.redfin.com/DC/Washington/1177-3rd-St-NE-20002/home/9892394 2br/2ba for $650k; yes it's a condo just a block off H, but it's the upper level with a private roof deck and solar panels, and it doesn't scream ugly pop-up: https://www.redfin.com/DC/Washington/837-4th-St-NE-20002/unit-2/home/107587467 |
Anonymous
I checked out the $599k 333 L st house - the current tenants went with an *interesting* paint job inside and also built a grow room in the back... |
Anonymous
| August is usually pretty dead around here, but the fall is often a pretty active market. I'll be curious to see what things look like in a month or two. |
Anonymous
The interior of that one is in deep need of an update. So much carpet and dingy-looking walls. And that Home Depot tile on the kitchen backsplash is really past its time. The only AC comes from window units. Maybe that's what $860k buys near Stanton Park these days, but I kind of think it's a little too expensive for flippers and nowhere near the condition of a house someone would want to live in. Also, I should start tracking the percentage of listing photos devoted to things in the "neighborhood" (broadly defined) as opposed to the property itself. My theory: the higher the percentage of "neighborhood" shots, the worse the property itself. This listing: 15/40 (nearly 25%) of of features "nearby." |
Anonymous
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I just looked up 403 9th on Zillow because I thought it looked familiar. Sure enough, it's a relisting:
5/29/20: Listed at $995,900 6/15/20: Price change to $975,000 7/19/20: Pending 8/12/20: Relisted at $860,000 |
Anonymous
OP. Oof, sorry I missed that it was a relisting. That's quite a dramatic price drop. I wonder what the home inspection revealed. |