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Reply to "Are these H St. NE / Capitol Hill houses priced appropriately?"
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[quote=Anonymous][quote=Anonymous]Just got a flyer at my house about this one: https://www.redfin.com/DC/Washington/133-13th-St-NE-20002/home/9913834 It’s gorgeous, and the parking is a huge plus, but 2.3 just seems so steep for 3000 square feet. Also wonder why it’s selling only 18 months after the last purchase. [/quote] Really wealthy people have the ability to make terrible financial decisions about real estate. So many $2.5M+ homes change hands so frequently and the transaction costs are super duper high. It's like a hobby or something to them. Good for the city's tax base. At $2.4M the city will get just under $70K in transfer and recordation taxes.[/quote]
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