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Reply to "Are these H St. NE / Capitol Hill houses priced appropriately?"
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[quote=Anonymous][quote=Anonymous]What do we think about this one? 1500 sq ft for $700k just blocks from Union Station. It's marketed to flippers but priced within reach of someone who would actually want to live there. If flipped, can this block handle a $2M rowhouse? Or would it get a tacky pop-up and be sold as separate condos? https://www.redfin.com/DC/Washington/232-Parker-St-NE-20002/home/9890937 [/quote] The lack of photos indicates to me it’s not in livable condition, so I feel confident it’s going to a developer. Even if an individual buyer wanted to pick it up, commercial purchasers generally have an edge because they can offer cash or already have financing in place that allows them to beat out other offers. I am hoping for condos over a 2m house simply because I’m always in favor of more density.[/quote]
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