Anonymous
06/18/2024 12:13
Subject: Capitol Hill State of the Market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:New 2br in bounds for Brent just dropped at a reasonable 1.1… https://www.redfin.com/DC/Washington/410-G-St-SE-20003/home/9896187?600390594=copy_variant&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet
Interesting that this hasn’t sold.
There’s a new 1.15M house a block away with an additional bedroom: https://www.zillow.com/homedetails/708-5th-St-SE-Washington-DC-20003/416598_zpid/
This house is awesome.
Anonymous
06/18/2024 04:42
Subject: Capitol Hill State of the Market?
Anonymous wrote:Anonymous wrote:New 2br in bounds for Brent just dropped at a reasonable 1.1… https://www.redfin.com/DC/Washington/410-G-St-SE-20003/home/9896187?600390594=copy_variant&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet
Interesting that this hasn’t sold.
There’s a new 1.15M house a block away with an additional bedroom: https://www.zillow.com/homedetails/708-5th-St-SE-Washington-DC-20003/416598_zpid/
Anonymous
06/18/2024 03:59
Subject: Capitol Hill State of the Market?
Anonymous wrote:New 2br in bounds for Brent just dropped at a reasonable 1.1… https://www.redfin.com/DC/Washington/410-G-St-SE-20003/home/9896187?600390594=copy_variant&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet
Interesting that this hasn’t sold.
Anonymous
06/17/2024 11:01
Subject: Capitol Hill State of the Market?
Anonymous wrote:Anonymous wrote:Who was the PP who said $1.5 was the new 1m? A 4br in bounds for brent posted just for you today: https://www.redfin.com/DC/Washington/302-S-Carolina-Ave-SE-20003/home/9894442
No powder room and only one bathroom in the 2nd floor is a tough sell
Not ideal, but not a dealbreaker for our fam. Would happily take the au pair suite in the basement
Anonymous
06/14/2024 13:13
Subject: Capitol Hill State of the Market?
Anonymous wrote:Who was the PP who said $1.5 was the new 1m? A 4br in bounds for brent posted just for you today: https://www.redfin.com/DC/Washington/302-S-Carolina-Ave-SE-20003/home/9894442
No powder room and only one bathroom in the 2nd floor is a tough sell
Anonymous
06/14/2024 12:58
Subject: Capitol Hill State of the Market?
Anonymous
06/12/2024 16:48
Subject: Capitol Hill State of the Market?
Who was the PP who said $1.5 was the new 1m? A 4br in bounds for brent posted just for you today: https://www.redfin.com/DC/Washington/302-S-Carolina-Ave-SE-20003/home/9894442
Anonymous
06/10/2024 11:46
Subject: Capitol Hill State of the Market?
*7-9 years of 6-12 schooling
Anonymous
06/10/2024 11:45
Subject: Capitol Hill State of the Market?
*7-9
Anonymous
06/10/2024 11:45
Subject: Capitol Hill State of the Market?
Buy a condo, later turn it into a rental or airbnb for 19 years of 6-12, once you are an empty nester move back to downsize and live a simple and lively urban life.
Anonymous
05/26/2024 12:32
Subject: Capitol Hill State of the Market?
House or condo?
Anonymous
05/21/2024 10:15
Subject: Re:Capitol Hill State of the Market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Since this seems to be the new Capitol Hill thread:
Two or three years ago, in the old Capitol Hill thread, occasionally an itty bitty rowhouse in Capitol Hill would come up for discussion and be labeled a "condo alternative." Do "condo alternatives" still exist in 2024, or has the increase in Capitol Hill prices more or less killed that category of housing?
https://www.redfin.com/DC/Washington/631-Pickford-Pl-NE-20002/home/9902524
The Pickford house is a great example. I'd consider any 2br townhouse, or any townhouse with <1300 sq feet, to be a "condo alternative" for most Hill families that they would likely outgrow in 5 years. There will of course be outliers - families with one child or two who can share a room, couples without kids, but for the "average" family it's unlikely to be a forever spot. Remote work has accelerated this trend (e.g., you need more space to comfortably work and live and play at home). The increase in prices has made the 5 year investment less attractive, but it depends on how bullish you are on appreciation.
This is another good one: https://www.redfin.com/DC/Washington/1238-Duncan-Pl-NE-20002/home/9910460. I (personally) think most of the Duddington houses fall into this bucket (and think they're charming!).
We lived on Pickford until 2013 and it was great when it was just my wife and I, but then the baby arrived and things got crowded pretty quickly and we had to move. Sold to a single attorney, and the Pickford houses would be perfect for one person and far better than a condo (no fees, each house has fairly secluded outdoor space, etc). Some of the houses on Pickford, like the one linked here, feature spiral staircases, which are great for maximizing space but are a turn-off to a lot of buyers.
The house listed above went contingent yesterday, and I'm going to guess it's going to fetch over asking. As far as I can tell, the last on Pickford to sell was in 2021, and it went for nearly $900k, tho obviously that was a different RE environment than now.
I remember the Pickford houses when I was more actively watching the Capitol Hill market a few years ago. The spiral staircases do look cool, but it also seems like getting furniture into the upper level would be a challenge.
And $825k-$900k seems like it might be a bit pricey to be a real alternative for someone who would otherwise need to be looking at a condo. I thought the condo alternatives were a fair bit cheaper a couple of years ago. But maybe that's just the state of the Capitol Hill market these days.
Anonymous
05/21/2024 08:06
Subject: Re:Capitol Hill State of the Market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Since this seems to be the new Capitol Hill thread:
Two or three years ago, in the old Capitol Hill thread, occasionally an itty bitty rowhouse in Capitol Hill would come up for discussion and be labeled a "condo alternative." Do "condo alternatives" still exist in 2024, or has the increase in Capitol Hill prices more or less killed that category of housing?
https://www.redfin.com/DC/Washington/631-Pickford-Pl-NE-20002/home/9902524
The Pickford house is a great example. I'd consider any 2br townhouse, or any townhouse with <1300 sq feet, to be a "condo alternative" for most Hill families that they would likely outgrow in 5 years. There will of course be outliers - families with one child or two who can share a room, couples without kids, but for the "average" family it's unlikely to be a forever spot. Remote work has accelerated this trend (e.g., you need more space to comfortably work and live and play at home). The increase in prices has made the 5 year investment less attractive, but it depends on how bullish you are on appreciation.
This is another good one: https://www.redfin.com/DC/Washington/1238-Duncan-Pl-NE-20002/home/9910460. I (personally) think most of the Duddington houses fall into this bucket (and think they're charming!).
We lived on Pickford until 2013 and it was great when it was just my wife and I, but then the baby arrived and things got crowded pretty quickly and we had to move. Sold to a single attorney, and the Pickford houses would be perfect for one person and far better than a condo (no fees, each house has fairly secluded outdoor space, etc). Some of the houses on Pickford, like the one linked here, feature spiral staircases, which are great for maximizing space but are a turn-off to a lot of buyers.
The house listed above went contingent yesterday, and I'm going to guess it's going to fetch over asking. As far as I can tell, the last on Pickford to sell was in 2021, and it went for nearly $900k, tho obviously that was a different RE environment than now.
Anonymous
05/20/2024 23:15
Subject: Re:Capitol Hill State of the Market?
Anonymous wrote:Anonymous wrote:Since this seems to be the new Capitol Hill thread:
Two or three years ago, in the old Capitol Hill thread, occasionally an itty bitty rowhouse in Capitol Hill would come up for discussion and be labeled a "condo alternative." Do "condo alternatives" still exist in 2024, or has the increase in Capitol Hill prices more or less killed that category of housing?
https://www.redfin.com/DC/Washington/631-Pickford-Pl-NE-20002/home/9902524
The Pickford house is a great example. I'd consider any 2br townhouse, or any townhouse with <1300 sq feet, to be a "condo alternative" for most Hill families that they would likely outgrow in 5 years. There will of course be outliers - families with one child or two who can share a room, couples without kids, but for the "average" family it's unlikely to be a forever spot. Remote work has accelerated this trend (e.g., you need more space to comfortably work and live and play at home). The increase in prices has made the 5 year investment less attractive, but it depends on how bullish you are on appreciation.
This is another good one: https://www.redfin.com/DC/Washington/1238-Duncan-Pl-NE-20002/home/9910460. I (personally) think most of the Duddington houses fall into this bucket (and think they're charming!).
Anonymous
05/20/2024 21:08
Subject: Re:Capitol Hill State of the Market?
Anonymous wrote:Since this seems to be the new Capitol Hill thread:
Two or three years ago, in the old Capitol Hill thread, occasionally an itty bitty rowhouse in Capitol Hill would come up for discussion and be labeled a "condo alternative." Do "condo alternatives" still exist in 2024, or has the increase in Capitol Hill prices more or less killed that category of housing?
https://www.redfin.com/DC/Washington/631-Pickford-Pl-NE-20002/home/9902524