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

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[quote=Anonymous][quote=Anonymous]I think the proper price is probably closer to $1m in this market (still high, but that location is really, really good). What will be interesting is to see if they manage to sell it for 1.2 or even 1.3 simply because inventory remains frustratingly low on the Hill, OR if rising rates actually finally put a damper on this market and they wind up having to do a mega-price drop, accept a low-ball, or delist and come back on the market at a more appropriate price.[/quote]
The sellers paid more than $1M when they bought it in 2014 (which seems insane to me for 2014), so I doubt they'll let it go for that.  $1.2–$1.3M still seems way overpriced to me, but at least that would bring it more in line on a $/sf basis with 908 S. Carolina SE (also discussed in this thread), which has a [i]much[/i] nicer interior.  The fact that 108 7th is more expensive on a $/sf basis than 908 S. Carolina is just nuts, looking at the two houses (although that may change after we see what 908 S. Carolina goes for—that's a gorgeous house, IMO).[/quote]

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