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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Please tell me what's "rare, historic," and "beautifully preserved" on this one. And why was it relisted only two months after closing?

https://www.redfin.com/DC/Washington/203-3rd-St-NE-20002/home/9893607[/quote]

That house must be a mess. I think people keep buying it in hopes of renovating it into a beauty but it’s got so much wrong with it. I think they give up![/quote]

Maybe, sometimes weird stuff happens. It would be pretty unusual for someone to buy and then list after two months because of something wrong with the house -- an issue that didn't show up during inspection but that became unlivable that quickly is pretty rare. Especially because they did a 60-day close with that one. That gives buyers a lot of time. I would bet it was something unrelated to the house itself, like their company decided to relocate them overseas all of a sudden or something.

But yeah, the house must have issues because it just sold back in 2019 and took 9 months to sell then, when the market was almost as hot as it is now. Plus it's underpriced for this market now. I do think the super weird layout and the really cheap finishes are part of it. The layout, in particular, is a huge problem because if you want to return it to something slightly more normal/livable, it's going to be an expensive renovation. I certainly would not want to live with that weird loft. And so much cheap and mismatched flooring! For $1.2m I want hardwoods throughout or under carpet. I could handle the cheap kitchen install and all the janky built ins around the house, but having to go in and replace every square inch of flooring in a house that size is going to be expensive.[/quote]

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