Hooray for the update in my favorite DCUM real estate thread! Looks like the Capitol Hill listings are starting to pick up again.
Interesting how many of this week's entries are priced at or near $900k. Assuming you had that much to spend on a house (and that these go for asking price, which is far from guaranteed in this market), which would you buy? I think I might actually like 406 K the best, depending on how large the bedrooms are.
Anonymous wrote:3br, 1.5ba, $899k: I'm so confused by the perspective on this one. Is the house really build akimbo, or is it just weird photography? Regardless, the location is fantastic, plenty of parks and a block from Eastern Market, with off-street parking so no frustration with market visitors and commuters hogging all the the space.
https://www.redfin.com/DC/Washington/516-E-St-SE-20003/home/9897509
It does seem like its facade is at an angle from the house to the left. That is a nice location, but 1172sf is condo-alternative small. And the math for 3BRs in that square footage doesn't work well either.
Anonymous wrote:3br, 2ba, $649k: An estate sale priced for a flip right on top of Potomac Ave Metro. Hopefully an actually owner/occupant family can scoop this up and renovate as they go, but standalone row houses at this price point are getting so much harder to find.
https://www.redfin.com/DC/Washington/709-14th-St-SE-20003/home/9915218
If I were at all handy, I'd buy this and fix it up right. But I'm not, so I'm sure it'll get turned into another cheap flip. Is that maybe a skosh
too close to the Metro?
Anonymous wrote:2br, 2.5ba, $900k: Surprised there's only two bedrooms in a house with 1700 sq ft. And it's right on K St. Curious to see how much this actually goes for, because I think the listing price is insane.
https://www.redfin.com/DC/Washington/406-K-St-NE-20002/home/9894948
I could really do with a virtual tour or at least a floor plan on this one, because I can't tell if having only 2BR in 1700sf means the bedrooms are decently sized. I like what they've done with the patio and the kitchen. The price doesn't seem out of line to me for the current market. I expect it will go fast.
Anonymous wrote:3br, 1.5ba, $850k: I don't love the design choices and it might be a *bit* too close to the noisy part of H Street, but overall I like this one.
https://www.redfin.com/DC/Washington/826-12th-St-NE-20002/home/9907948
The design on this one looks like a former rental to me. I'm also starting to realize that my own preferences run (1) intact, unpainted woodwork > (2) gutted open plan > (3) painted-over woodwork. There's just something about wood trim painted the same color of white as the walls that says "we did the least amount of work possible to get this ready for a new tenant." Anyway, the price on this is probably fine and I expect someone without my woodwork fetish will pick it up quickly.
Anonymous wrote:3br, 3.5ba, $900k: Recently refreshed in the finest 1992 design.
https://www.redfin.com/DC/Washington/535-Tennessee-Ave-NE-20002/home/9916225
So much peach? Or is that pink? There's probably a proper name for that color. Anyway, yes, this looks incredibly dated. It's what you get when you renovate a house without any respect for its historic style. The location isn't awful, but it's a bit far east to be a prime location, either. I don't know if this will sit for long, but I wouldn't expect a bidding war on it.
Anonymous wrote:3br, 2.5ba, $900k: Really 2br/1.5ba but includes rentable English basement, making this one of the few homes on the Hill suitable for a moderate single-income buyer.
https://www.redfin.com/DC/Washington/620-7th-St-NE-20002/home/10177341
I really like the location of this one. That spiral staircase, though! Oh dear oh dear. And the rest of the design isn't exactly grabbing me, either. It's smaller than some of the other $900k houses in this list, too.
Anonymous wrote:4br, 2ba, $895k: One of few non-condo homes at Navy Yard, with a self-contained studio for AirBnB.
https://www.redfin.com/DC/Washington/306-L-St-SE-20003/home/9894654
That's a great location (or not so great: I'd gain at least five pounds being that close to Wiseguy Pizza). Interesting how they've split the basement into a family room and a rental studio—you usually see one or the other, but I can't recall another house that did both this way. I'm not sure it works; 7' is awfully narrow for a family room (although maybe not that bad for an office, which is how they've set it up). And the photos of the studio make it look like a prison cell (albeit one with a kitchen and a TV). Two of the BRs are pretty small, too. Still, I could see that working for someone at that price, especially if they can make the studio a little less depressing looking.
I kind of like it as a condo alternative (oval-window door aside, but at least it looks like that's a back door). Not thrilled with the painted woodwork, as usual, but that's not as big a deal at this price point. And how many condos have full-sized W/D units like this has? This might be a bit far east to have quite as much condo alternative appeal as it otherwise might. I'd expect it to go for under $650k in a non-insane market.
Anonymous wrote:And an actual condo, because I'm a sucker for church conversions. A loft in the bell tower! Only a million dollars for two bedrooms!
https://www.redfin.com/DC/Washington/1340-Massachusetts-Ave-SE-20003/unit-1/home/17532964
A million dollars plus another $510/mo in condo fees for just under 1300sf. It's got character, I'll give it that, but that's a lot of money for not a lot of space.