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

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[quote=Anonymous]Ninja'd!  (Some phpBB discussion board show when there have been new posts while you've been composing a reply.  Just saying...)

That first one...wow.  $1.15 million seems like a lot for a place needing that much work.  I guess the market disagrees with me, though.

For comparison with 1333 Massachusetts, 1325 Massachusetts recently sold for $1,331,325 (https://www.redfin.com/DC/Washington/1325-Massachusetts-Ave-SE-20003/home/9914529).  1333 Massachusetts is in gorgeous condition, but 1325 was in nice shape, too.  The biggest difference may be that the basement of 1333 is finished and ready for use as a family room, while the basement in 1325 was a rental that was going to have to stay that way.  Having the family room means 1333 has more usable space, but it also means the buyer won't get any rental income to help pay the mortgage.  Also, the outdoor space at 1333 Massachusetts is unfortunate.  So much pavement, and the hot tub uses an awful lot of limited space behind the house.  I think $1.45 million is too high an asking price for this one given what 1325 Massachusetts sold for, but the market being what it is, I won't be surprised if this ends up selling quickly for more than $1.5 million, either.

I think I'd rather have 1333 Massachusetts than 120 Kentucky, though.  The black-and-white paint job is not my style.  The original unpainted woodwork of 1333 Massachusetts looks much nicer IMO.

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