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][quote=Anonymous]Saw this on a really pretty one-block street near 13th and H. What do you think of the list price ($829)? There's so little inventory in this area. I'm curious to see what this ultimately sells for.

https://www.trulia.com/p/dc/washington/1241-linden-pl-ne-washington-dc-20002--1011736889[/quote]

That’s less than a block from my house and it seems very expensive to me. It’s cute and Linden is a great street but that is still a two bedroom in-bounds for Miner. (No dis intended; we are also in-bounds for Miner!) We are in a larger 3 bedroom-plus-basement and I think we’d probably get around that asking price for our house. [/quote]

A year ago, houses like those sold in Linden Court for about 750-780k if my memory doesn't fail me...
So, 829k... Either fast appreciation in the H Street  corridor area within a year, or they've ovepriced it a bit...[/quote]

Three houses have sold on Linden in the past year. One for $785k (with a current Redfin estimate of $897k), one for $740k (current estimate $825k), and a significantly smaller one for $740k (current estimate $802k). $829k is ambitious, but you can't compare year over year. You can only compare with current comps, and houses in that price range are flying fast.

https://www.redfin.com/DC/Washington/1213-Linden-Pl-NE-20002/home/9910007
https://www.redfin.com/DC/Washington/1238-Linden-Pl-NE-20002/home/9909860
https://www.redfin.com/DC/Washington/1234-Linden-Pl-NE-20002/home/9909867[/quote]

All fair points.  One additional thing that strikes me is that, setting aside the question above about how accurate/clever the photos are (agreed; you can always take photos with a grain of salt), it's still 1500 square feet! That's definitely on the larger end for a 2 bed/2 bath rowhouse around here (think of how many even 3 BR houses you see at 1300 or 1400).  Whether that's enough space for a particular buyer is a personal call, but it's definitely roomy among others with similar specs.[/quote]

true but the photos make it look smaller than 1500. We have 1500 sq ft and those pictures look
much more cramped. [/quote]

Yeah either they are fudging the square footage by a bit or that’s just a really atrocious layout. I live in a 1200 sq ft 2bed 2bath but it doesn’t have a weird staircase right next to the front door or a totally cut off galley kitchen. I am not a fan of the renovations where the just rid of all the walls, but this layout looks awkward and creates a lot of spaces that just feel unlikely to get a lot of space.

Sometimes you can explain a price based solely on square footage. But in this case, I just don’t think it’s worth it.[/quote]

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