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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So how well do we think the tiny Hill houses will appreciate? [/quote]

Very location dependent. The tiny house at 15th and Mass is not in a great location now, but when they finally do something with RFK, it could get better (will be interesting to see what happens with the jail).

When we were house hunting, we looked at several 2/1 houses in SE, and they all had great potential. And they’ve definitely appreciated from when we were looking— now selling for close or over 700k through they were mostly under 500k when we were looking (may have recent upgrades now though, so that’s not all profit).

But they were all very close to the freeway, which I think puts a ceiling on those prices. It’s hard enough to imagine a 750 sq ft house going for 850k, but within a block of the freeway? Nope.

I could be wrong though. I’ve been shocked many times a bout housing appreciation in this area.[/quote]

We’re in a 2/1.5 near Lincoln Park. Bought for just over $500k five years ago and just got a realtor estimate of $650-675k.

I’m pleasantly surprised. I really thought these houses would have a ceiling of low $600s. Neighbors with the same house but bigger yard have hit closer to $700k.

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