Anonymous wrote:Anonymous wrote:Anonymous wrote:You aren't going to find any condos in NW with low HOAs. Most average right around 1K, some as high at 1700. The lowest I've seen was around $600 but that was for no amenities. DH and I have been watching NW real estate for about 6 months now. You can get a 2 bedroom 2 bath for anywhere from 399K to 475K but the HOAs are going to be insane.
I'd correct that and say - just UpperNW. I routinely find old buildings in Dupont/Logan/Mt. Pleasant with HOAs anywhere from $500/mo to at most $900/mo and that's for either huge space or brand-new.
So what's UpperNW's HOA problem?
$499K 2bedroom - $800 HOA
https://www.redfin.com/DC/Washington/1301-20th-St-NW-20036/unit-111/home/9059929
$550K - $877 HOA
https://www.redfin.com/DC/Washington/777-7th-St-NW-20001/unit-926/home/10193250
$594K - $627 HOA
https://www.redfin.com/DC/Washington/2001-12th-St-NW-20009/unit-412/home/10183233
$574K - $602 HOA
https://www.redfin.com/DC/Washington/811-4th-St-NW-20001/unit-810/home/12532187
$499K - $421 HOA
https://www.redfin.com/DC/Washington/1613-Harvard-St-NW-20009/unit-114/home/39900467
$570K - $385 HOA
https://www.redfin.com/DC/Washington/1404-11th-St-NW-20001/unit-102/home/9875730
$390K - $511 HOA
https://www.redfin.com/DC/Washington/1457-Park-Rd-NW-20010/unit-000403/home/11748181
Insane, and in some of these buildings you dont even have your own washer and dryer. $500 HOA to use an old dirty shared laundry room, probably with your own quarters. Sorry, I just dont see the value.
Anonymous wrote:Anonymous wrote:You aren't going to find any condos in NW with low HOAs. Most average right around 1K, some as high at 1700. The lowest I've seen was around $600 but that was for no amenities. DH and I have been watching NW real estate for about 6 months now. You can get a 2 bedroom 2 bath for anywhere from 399K to 475K but the HOAs are going to be insane.
I'd correct that and say - just UpperNW. I routinely find old buildings in Dupont/Logan/Mt. Pleasant with HOAs anywhere from $500/mo to at most $900/mo and that's for either huge space or brand-new.
So what's UpperNW's HOA problem?
$499K 2bedroom - $800 HOA
https://www.redfin.com/DC/Washington/1301-20th-St-NW-20036/unit-111/home/9059929
$550K - $877 HOA
https://www.redfin.com/DC/Washington/777-7th-St-NW-20001/unit-926/home/10193250
$594K - $627 HOA
https://www.redfin.com/DC/Washington/2001-12th-St-NW-20009/unit-412/home/10183233
$574K - $602 HOA
https://www.redfin.com/DC/Washington/811-4th-St-NW-20001/unit-810/home/12532187
$499K - $421 HOA
https://www.redfin.com/DC/Washington/1613-Harvard-St-NW-20009/unit-114/home/39900467
$570K - $385 HOA
https://www.redfin.com/DC/Washington/1404-11th-St-NW-20001/unit-102/home/9875730
$390K - $511 HOA
https://www.redfin.com/DC/Washington/1457-Park-Rd-NW-20010/unit-000403/home/11748181
Anonymous wrote:Thanks for the suggestions. Can anyone speak to my question about if expanding the kitchen in a McLean Gardens condo is even possible? I have looked at a lot of the units and those kitchens all seem incredibly small and cramped. Am assuming that and the spiral staircases can’t be changed—is that right?
Anonymous wrote:Anonymous wrote:It's a very good value. We were in a few bidding wars and the condo association seems to be very pro-active about maintenance and healthy finances.
The prices have not appreciated too much in the DC real estate run-up. Just be aware that you won't likely see a massive amount of appreciation if your time horizon is less than two decades.
In what world is 1500 a month in HOAs a good deal? That’s a mortgage payment in many other parts of the country.
Anonymous wrote:You aren't going to find any condos in NW with low HOAs. Most average right around 1K, some as high at 1700. The lowest I've seen was around $600 but that was for no amenities. DH and I have been watching NW real estate for about 6 months now. You can get a 2 bedroom 2 bath for anywhere from 399K to 475K but the HOAs are going to be insane.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:It's a very good value. We were in a few bidding wars and the condo association seems to be very pro-active about maintenance and healthy finances.
The prices have not appreciated too much in the DC real estate run-up. Just be aware that you won't likely see a massive amount of appreciation if your time horizon is less than two decades.
In what world is 1500 a month in HOAs a good deal? That’s a mortgage payment in many other parts of the country.
Itn most parts of the country that’s a dual mortgage payment. In DC - for an old building, two bedrooms and dated features that’s $500 over-priced.
Did you mean to post this in response to the Watson Place co-op post?
Anonymous wrote:
This is zoned for Stoddert, Hardy and Deal.
https://www.redfin.com/DC/Washington/3900-Watson-P...20016/unit-B-G3C/home/77618846
Yes but the HOA is 1430 a month....
Anonymous wrote:Anonymous wrote:Have you looked at the many condo buildings along Connecticut? They are zoned for Murch or Hearst, and I've seen several listed for less than $650K.
Looked at a few but some of the condo fees are insane. One we toured told us they had to do a 6,000 assessment that year to fix an elevator. Do you have specific suggestions of good buildings?
Anonymous wrote:
We've been looking in Sutton Pl and McLean Gardens. How is the diversity over there?
Anonymous wrote:Anonymous wrote:Anonymous wrote:It's a very good value. We were in a few bidding wars and the condo association seems to be very pro-active about maintenance and healthy finances.
The prices have not appreciated too much in the DC real estate run-up. Just be aware that you won't likely see a massive amount of appreciation if your time horizon is less than two decades.
In what world is 1500 a month in HOAs a good deal? That’s a mortgage payment in many other parts of the country.
Itn most parts of the country that’s a dual mortgage payment. In DC - for an old building, two bedrooms and dated features that’s $500 over-priced.
Anonymous wrote:Anonymous wrote:It's a very good value. We were in a few bidding wars and the condo association seems to be very pro-active about maintenance and healthy finances.
The prices have not appreciated too much in the DC real estate run-up. Just be aware that you won't likely see a massive amount of appreciation if your time horizon is less than two decades.
In what world is 1500 a month in HOAs a good deal? That’s a mortgage payment in many other parts of the country.
Anonymous wrote:It's a very good value. We were in a few bidding wars and the condo association seems to be very pro-active about maintenance and healthy finances.
The prices have not appreciated too much in the DC real estate run-up. Just be aware that you won't likely see a massive amount of appreciation if your time horizon is less than two decades.