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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I love this thread, but one of my favorite things is the collective agreement to always post Redfin links as they are superior to almost all of listings in terms of actually seeing the photos and details as quickly as possible.

The $1m ask for that F Street house is bananas. It must be FSBO right? What the heck?[/quote]

Maybe they saw the house directly across the street that's going for an absurd $2.095 million and got excited. That one's been on the market for three weeks and already has seen one $100k price reduction, though. Going to guess it'll come down even more:

https://www.redfin.com/DC/Washington/648-F-St-NE-20002/home/9898560[/quote]

wow. but with the basement and carriage house, you could rent 2 units for at least 4k/month. [/quote]

I guess. But do people who have that sort of money to spend want to deal with the hassle of being a landlord for two separate properties. Or do such people want to live in such close proximity to others when they're already sharing walls in a rowhouse? I can see how a rentable basement in a $1.2 million Capitol Hill rowhouse would be a bonus, but a $2 million one?

Unless someone buys it and rents out all three units, purely as a landlord. Maybe I could see that. But seeing as how they've already done one "price improvement," I'm thinking they're being a bit optimistic with the asking price.[/quote]

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