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][quote=Anonymous][quote=Anonymous]$900k - 4br/3.5ba: This house is huge and under a million.
https://www.redfin.com/DC/Washington/1123-K-St-NE-20002/home/9907783[/quote]
"Everything was New in 2005!"  Do you think the listing agent knows that 2005 was 16 years ago?  The interior looks...fine.  Not awful, I suppose, but...well, like something remodeled as a rental 16 years ago.

The house to the right, though, looks like it's in really poor repair.  Do you suppose that will affect the sale price of this house?
[/quote]

Heh. I guess they couldn't write "Everything is coming to the end of its life cycle! Enjoy replacing all of it in a few years!"[/quote]

The house needs a lot of work, but it's livable as is and probably priced too high to interest a flipper. A chance for an actual family to make it their own.[/quote]

it looks fine? I’m not seeing “a lot of work.” [/quote]

I haven't seen the house in person so can't speak to any actual issues that would come up in an inspection, but just based on pictures, most people would want to do a bunch of upgrades. Developers take advantage of this and charge a premium for gray paint and white cabinets from Home Depot. By buying a house pre-flip, a family could choose the finishes they actually want. [/quote]

Also yes, the house next door could be problematic. Their pest issues will be your rodent and roach issues. Their mold and deterioration issues could very well become yours as well. Eventually someone will buy and renovate, and their construction issues will be your construction issues.[/quote]
This is still on the market almost three weeks later, which is almost surprising for a 2,696 sq ft house in H Street/Near Northeast.  I'm guessing that the house next door is the biggest problem; the interior is dated, but I don't see anything someone couldn't live with to get that much space for less than $1M in the current market.[/quote]

The home is now pending, I’m still surprised it took so long as it’s a fairly quiet block for K Street and is a nice looking home.

Now this home I am SHOCKED is pending after just a few days: 
https://www.redfin.com/DC/Washington/1012-8th-St-NE-20002/home/9900949
I peaked inside the other day when I was on a walk and the interior looks beautiful, but $1.6 million for H Street corridor?? Not to mention it’s on 8th too![/quote]

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