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Real Estate
Reply to "What a million now gets you near American University "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I live in the neighborhood. I's not uncommon for a family to buy something like this and spend 6-12 months doing a complete renovation before moving in. Of course, a builder may have bought it and will turn around and resell it for $1.7-$2M after doing a renovation plus addition.[/quote] $1.7M-$2M for a 4,500 sqft lot and a 1,800 sqft house? Surely, you're joking![/quote] The PP said "plus addition." I'm not an expert in zoning laws, but I believe in DC you can cover up to 60% of your lot with structure, which would allow for a total of 2,700 sq ft house. The $1.7 - $2 m estimate seems a touch high but not too far off. [/quote]
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