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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]These houses are a block from each other and similar in size. Both pre-renovated, but one requires a complete gut job while the other is livable as is.

$695k - https://www.redfin.com/DC/Washington/517-K-St-NE-20002/home/9896553

$750k - https://www.redfin.com/DC/Washington/413-K-St-NE-20002/home/9895023[/quote]

I'd expect them both to escalate off of multiple offers, but especially 413. That's going to look really appealing to a family with young kids even if they can't afford to renovate for a few years. I love that location, even with K being a busier street - close to H Street but without the worst of the noise and trash, close to Union Market, multiple grocery stores walking distance, school situation actually pretty great (J.O. Wilson is pretty good from what I've heard, and plenty of people in that neighborhood will also look at Two Rivers and CHML, both super close), and really, really easy to transit (metro, Marc, buses all extremely close). House is totally livable and has great bones, the patio is awesome. I kind of wish we could move here, actually![/quote]
Agreed.  517 will get gutted and flipped.  413 looks perfectly livable as it is (if you don't mind window AC).  It's not up to trend, and there are certainly projects I'd have on my list if I bought it (central AC would be the first priorty; a new kitchen and finishing the basement would be on the long-term wish list).  Only having 1BR will be a deal-breaker for some (OMG, no powder room!), but there's a lot to like about that house.  I suspect it will end up selling for around $900k.[/quote]

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