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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It is amazing to me that these two houses are basically the same price. The smaller, uglier one was originally listed for $800k and sat for almost two months, dropping price to $740k. The one right behind it, larger and more updated, was listed for $749k and went under contract almost immediately.

https://www.redfin.com/DC/Washington/915-4th-St-NE-20002/home/9894997

https://www.redfin.com/DC/Washington/916-5th-St-NE-20002/home/9894973[/quote]

And then there’s this one a block or two away that’s only a little bit more at $769k but significantly nicer than both.

https://www.redfin.com/DC/Washington/1031-5th-St-NE-20002/home/9896480[/quote]

I'm really surprised that 1031 5th sold for listing at $769k. That is so much lower than neighborhood comps for the size and more than a $100k lower than the Redfin estimate. Did anyone check it out in person? Were the major problems that didn't come across in pictures?[/quote]

I think it looks like a good house but it’s a two-bedroom plus basement. Those usually sell in the 700s unless the house is flawlessly designed or located right by Eastern Market or the Capitol. [/quote]

This summer, 2br with basement = $800s. 2br with no basement = $700s.[/quote]

Also it looks like the basement bedroom is a true bedroom (not just an open rec room) and gets a lot of light. In fact, they could probably install a kitchen and rent as a separate unit, and it would be bigger and brighter than a lot of one-bedroom apartments on the market.[/quote]

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