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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Let’s play “Why aren’t these homes selling” All north of H and under $1 million.

1. https://www.redfin.com/DC/Washington/905-K-St-NE-20002/home/9903999

2. https://www.redfin.com/DC/Washington/241-K-St-NE-20002/home/9890845

3. https://www.redfin.com/DC/Washington/1316-I-St-NE-20002/home/9912374

4. https://www.redfin.com/DC/Washington/921-L-St-NE-20002/home/9903904

5. https://www.redfin.com/DC/Washington/914-Kent-Pl-NE-20002/home/9903862

For 1 property I have my suspicions as to why it’s struggled to sell, but a few seem like good bargains for the area.

[/quote]

Updating these
#1 - listing pulled
#2 - still for sale with $50K price decrease
#3 - still for sale
#4 - now for rent
#5 - sold for $105K under listing price

The last listing appeared to be longtime owners who I presume just wanted to sell quickly and were not as concerned with maximizing their profit. There are still quite a few homeowners in this situation in the city. It will be interesting to see what kind of impact they have on prices over the next year.[/quote]

241 K is a beautiful home, really well done. But being next to the Indian restaurant is a liability. Having the restaurant in the neighborhood, great for the property values of the surrounding blocks. Sharing a wall, not so much. Plus, the future land use plan for that block is for all of the houses to be torn down and converted into mixed-use developments. You don't want to be the last person holding out while the developers swoop in and destroy the community around you.[/quote]

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