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

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[quote=Anonymous]Here are my theories:

1. https://www.redfin.com/DC/Washington/905-K-St-NE-20002/home/9903999 -- teeny tiny (like smaller than a lot of condos) and no parking. The location is really good IMO -- that's far enough off both H St and 8th to avoid the unpleasant aspects of the commercial corridor, but it's a really lovely block and you have great proximity to Whole Foods, the streetcar, restaurants, etc. So I think it's really the size and that it's hard to justify 900k for something that small, especially with no parking/yard (though the deck is nice). Also, the target buyer pool for smaller homes is shrinking faster than for others because these are more likely to be first-time buyers, who I think are much antsier about rates and not overpaying.

2. https://www.redfin.com/DC/Washington/241-K-St-NE-20002/home/9890845 -- right next to Indigo and that big patio, it really scares off buyers and I get it as I would not even want to share an alley with a bar or restaurant do to noise/trash/pest concerns. Bummer because I think it's a cute house and that's an amazing commute for someone who works in NoMa or on the Hill.

3. https://www.redfin.com/DC/Washington/1316-I-St-NE-20002/home/9912374 -- I don't know, this seems like a great investment, a bit of a blank slate but still that's the appeal. Still totally livable so you could buy and fix up as you go. Surprised they haven't gotten a bite at at least 799/800k

4. https://www.redfin.com/DC/Washington/921-L-St-NE-20002/home/9903904 -- this pops up in my suggested homes on Redfin constantly and every time I think about how ugly the finishes are. I absolutely hate the flooring, it gives me a headache. A shame because that income unit would be nice. Although this is not my favorite part of this neighborhood. But I really think the design choices are turning off buyers.

5. https://www.redfin.com/DC/Washington/914-Kent-Pl-NE-20002/home/9903862 -- Fantastic investment opportunity but I think it's listed too high because it needs A LOT of work. Tons of potential though. I'd pay no more than 700k and would want it for closer to 650k (or lower?) because the cost of renovations are so high right now. It needs a new kitchen, overhaul current bath and add a second (powder room bare minimum), total systems overhaul (HVAC alone is going to be $$$), plus a major exterior facelift especially of the back. [/quote]

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