Reply to upside potential in Petworth

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[quote=Anonymous][quote]Petworth is not a down market! Only someone not in DC or near metro would say that. 
We paid $540 three years ago to be three block south of PW metro and recent appraisal is about $750k. Shells needing a full cut around our block are starting in teh 400ks. So this is actually priced right. There is a house at the end of Quebec listed for $899k now (although thats probably too high). Barnard is the best elem school in the neighborhood. If you have kids, there are a TON of gentrifiers with young kids. Its insane. I can think of about 25 moms who were just on maternity leave and we at the same time and we met up. So the schools should be on the upswing[/quote]

Petworth is a hot market, but this overpriced-- a shell at 595k and not slated for Barnard. I would doubt that many of your 25 mom group will be happily sending your kid to raymond in 3 years, but who knows.I'm also guessing your house that just appraised for 750 is recently done and has at least 2 bathrooms.  400k would be around right, maybe up to 450k. not 595k.  [/quote]

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