Reply to Are these H St. NE / Capitol Hill houses priced appropriately?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I know people don't tend to want to talk condos on here, but these two listing are a huge question mark for me. Same building. The one priced at $925k is a higher floor and a bit bigger, but otherwise same finishes and layout. I assumed it had a private roof deck but nope -- they both have access to a shared roof deck. What's going on here? 250k price differential is huge and makes the 2nd floor unit look like a bargain.

https://www.redfin.com/DC/Washington/915-12th-St-NE-20002/unit-5/home/169239241 (925k)
https://www.redfin.com/DC/Washington/915-12th-St-NE-20002/unit-2/home/101809815 (670k)[/quote]

One is a second-floor unit. The other one is the penthouse unit with a private elevator, a private balcony (separate from the roof deck), and more square footage (including much larger bedrooms). What's difficult to understand?[/quote]

The balcony is small and has an awful view. The additional square footage doesn’t seem worth the cost (more than 1k for each additional square foot?). I get that the higher floor and elevator is worth something, but still seems overpriced. I would feel differently if it had a private deck.

But I still think 925k is high for a 2 bed-2 bath condo, even in this market. I think you need really high end finishes, a killer location, and/or extras like functional outdoor space or bonus space. I would expect this to go under asking, or to price drop at some point.[/quote]

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