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Reply to "Are these H St. NE / Capitol Hill houses priced appropriately?"
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[quote=Anonymous]Two-month checkup in red. Seems like homes in good condition are still moving at or above list, but we're no longer in a market where any kind of mess will sell. Properties that need work will languish or sell well below asking. Good time to put in a low-ball offer for something you might want and are willing to work on. Still laughing at the person trying to sell a one-bedroom on Prostitute Row for more than $600k. [quote=Anonymous]Moving into the fall market.... $977k - 5br/3.5ba: Hideous, and still probably overpriced even after the $219k price drop. It will take a LOT of time and money to undo the half-assed renovations that must have been piled on over the years. https://www.redfin.com/DC/Washington/633-8th-St-NE-20002/home/9902585 [color=red]Off market. No sale?[/color] $950k - 3br/1.5ba: Nothing stands out as particularly amazing about this house, but overall I like the vibe. It's a tricky one to price because on one hand, bayfront Victorian two blocks from Union Station, but on the other hand, tiny rooms, no basement, and only one bathroom. Similar ones have had trouble selling recently, and I don't know that they'll get list for this. https://www.redfin.com/DC/Washington/321-F-St-NE-20002/home/9893190 [color=red]Sold for $938,000.[/color] $869k - 3br/2.5ba: Standard renovation, minus the hideous popups of its neighbors. Offstreet parking a plus. I would consider this a 2br, as the the 3rd bedroom is off the kitchen, has just sliding barn door, and opens directly onto the parking pad. I think the list price might be a tad high for one of these 11-12' wide houses. https://www.redfin.com/DC/Washington/930-9th-St-NE-20002/home/9902264 [color=red]Sold for $875,000.[/color] $809k - 2br/2ba: Decent price for size and location halfway between Eastern Market and Lincoln Park. Parking would be tough, but could be a great choice for a car-free household. https://www.redfin.com/DC/Washington/202-10th-St-SE-20003/home/9907199 [color=red]Sold for $885,000.[/color] $799k - 3br/2ba: Bold design choices that don't fit the style of the house at all. I know I should be grateful that someone is doing something other the standard gray/white flip, but I don't know about this one. Right next to the elementary school, for better or for worse. [color=red]Contingent.[/color] $750k - 3br/2ba: This one has actually been on the market for a month and half, and suffered the same fate the red house two doors down did when it to forever to sell -- an aggressively high list price that had to be drastically lowered. I like (most of) the paint colors and wouldn't be in a hurry to upgrade. Can't change the location on 8th St. https://www.redfin.com/DC/Washington/1110-8th-St-NE-20002/home/9900822 [color=red]Sold for $725,000.[/color] $649k - 1br/1ba: Condo alternative on a cute little block. Seems like a decent use of space for the size, with room for personal improvements. Perhaps some creativity could turn the area at the top of the stairs where the w/d is into a little den. A couple of houses on the block are currently under renovation, so there's definitely opportunity to expand here. https://www.redfin.com/DC/Washington/222-Parker-St-NE-20002/home/9890881 [color=red]Price drop to $629,000.[/color][/quote] [/quote]
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