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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
[quote=Anonymous]34 days (tho more like 14 months):
https://www.redfin.com/DC/Washington/622-Maryland-Ave-NE-20002/home/9899173[/quote]
Ah, yes.  A "Grand Victorian row home" that's had everything grand and Victorian stripped out of it in favor of whatever's on HGTV this week.  Its failure to sell probably has more to do with being on a fairly busy stretch of Maryland and having no private outdoor space (and, well, price), but I'll still choose to see it as a cautionary example of not doing tasteless renovations.[/quote]

Price is too high, drop it to a solid mil and it would sell instantly. Measurements have no meaning, inches from the park? Okay. Maryland Ave has been under construction for years and will probably continue to be under construction for the next 50 years. But the street view has this house fronting D St, which is a much better prospect. I don't know why someone would go through the trouble of renovating an entire house but not touch the basement rental unit. (I shudder to think that what's pictured *is* the update.) That basement kitchen is horrendous, which is a shame because the unit overall seems to be a good size with decent natural light, a rarity for English basements. The math is very fuzzy on the rental income. $1875 a month is not $35k a year. That's a high annual income for a basement even for an Air BnB that's booked almost every night.[/quote]

Price does seem too high... Especially given the lack of parking and backyard. The $36K/year for an Airbnb rental sounds about right, tho. That is what I grossed pre 2020 from mine, just a few blocks away. [/quote]

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