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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.redfin.com/DC/Washington/434-6th-St-NE-20002/home/9896983

Is it just me, or does this seem significantly overpriced? $1.35 m, but only one bath upstairs, and quite dated kitchen and baths, and almost no yard.[/quote]

Ha, I heard people talking about this place while walking by the other day (as in prospective buyers who had just viewed it). Their take was that they liked how many original details it still had but that it was hard to take spending that much on a home that they felt needed a number of updates. So at least one buyer agrees with you!

I meant to look it up when I had the chance but forgot until your post. It’s hard to call anything “overpriced” in this market because all the prices seem astronomical to me. I agree with you and those folks on the street. But that location is really great (lots of people who want proximity to H but still the neighborhoodiness of the Hill), good elementary school, lots of space, income unit, plus character. It’s way too much for me, but I bet the find a buyer at asking. There’s just do little on the market and it’s not like it’s a mess. Just a little outdated.[/quote]

This was exactly my reaction. Wow - that needs some work....good bones as they say, but you're putting some $ into that. [/quote]
The sellers of this one are delusional.  I've seen much nicer places in Capitol Hill go for less.  I'm just the sort of person all that wood should appeal to, but there's something off.  Like that staircase: there's no way those railings and posts are original.  And then there's the carpet on the stairs, and the...whatever that is (wallpaper?) on the bedroom walls.  Yeah, the fireplace looks kind of cool, but it also looks out of place.  It's in a good location, but that's not a $1.35M-for-2,040sf-that-needs-work location.

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