Reply to Why isn’t this house in H street corridor selling?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I live near Wilson High and I have teens with bikes hanging out nearby all of the time. Sometimes they even commit actual crimes. And there are a lot of popular $1.3 mil homes nearby including mine.

Sometimes there isn't a logical explanation and you have to go see it yourself. There is a lot of new development going on in that neighborhood, so you won't see the "bad neighborhood" discount any more. The new development is priced in.[/quote]
You're right: you really need to see a location yourself to know what you're talking about.  The people who hang around H & 8th aren't "teens with bikes."  I don't think they're all drug addicts or anything like that, but anyone viewing a house near that corner is going to see the people who hang out there every day and get nervous.

Another point against this house is that this house was also for sale right across the street:

https://www.redfin.com/DC/Washington/814-8th-St-NE-20002/home/9901072

It's larger, has more usable outdoor space, a better kitchen, and was listed at $275k less.  [/quote]We need to see what that comp closes at before judging.  We sold our rowhome on 8th about a block from these a few years ago.  We interviewed 6 realtors and they and a $300k spread on their suggested list price with zero convergence.  We went with the second highest and sold for $80k above listing in an 8 way bidding war.

For the record, when we lived there the corner of 8th and H was pretty much always a shit show.  Lots of loitering.  Open air during sales and drug use.  As a woman, ridiculous amounts of harassment.  I took the X2 to and from work so I was there daily and it was never pleasant.  That said, those issues didnt extend down 8th.  There was no reason to walk away from H street, so no one did.  We owned only a block off of H on 8th and it was completely fine.  No issues at all.  Not a super sleepy street with traffic, but normal for a city.  [/quote]

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