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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is a higher price point, but I’d also call it a steal:

https://www.redfin.com/DC/Washington/404-7th-St-NE-20002/home/9898988

Already pending, and I’ll be interested to see what it ended up going for.  I know interest rates are high right now, but that listing price still seems low for that much house.  Unless there’s something I’m missing. [/quote]

Its very nice and spacious but twice the price of the other and more of a family home, not a starter or finisher home.[/quote]

Yes, this house is obviously not in the same category as a home with &lt;800 square feet.  The point was that only $1 million for a 4BR, 3BA, 2400+ sq foot, 4-level Wardman in a nice part of the Hill seems like an EXCEPTIONALLY good deal.  Sure one of the upstairs bathrooms could use some work, and the basement bathroom is slightly outdated (though still in good shape), but everything else about this place looks pretty nice and move-in ready.  I’m just saying that unless this went for quite a bit over asking, I’m wondering what the catch with the house is or if prices are really cooling so much that this is what $1 mil can buy you now. [/quote]

Indeed. I'm thinking of buying one as market could be very different in five years when we are due to retire and downsize. I can move in now and rent out my big house which is a PITA to maintain. I can sell that once market bounces back. Its boring in suburbs with kids at college.[/quote]

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