Good Deal or Not? Cool Condo Building Edition


This condo is located at 436 M Street, NW:

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The flier says:

“PRICED BELOW ASSESSED VALUE! Amazing Space! Beautiful tri-level condo in well established 9 unit association. Over 2200 sq/ft. Feat. spacious living/dining area, huge kit, 2 large br, 1.5ba, full fin lower level, loads of storage + wonderful private yard. Pet friendly!”

More info and photos found here.

I think this is a really cool looking building. And the condo itself seems large and well done also. But it ain’t cheap – $589,000. Sound realistic? What do you think of the condo itself? I’m curious what you guys think of the kitchen floor?

13 Comment

  • “Priced below assessed value!” Hmm. Interesting way of saying “Over-taxed for the real value of the property!”

  • This is a really cool way to display the pictures!

  • Is that Marmoleum flooring? It looks terrible. I like the Butcher Block counter tops though. Much nicer than overused granite (although Bamboo counter tops would be even cooler).

  • Jimmy D – immediately what I thought.

  • Its on a really pretty block, but there are also a ton of muggers that seem to concentrate on that particular section of M st. So buyer beware.

  • it’s nice (except for the kitchen floor) and it wouldn’t be hard to separate bedroom 2 from the “sitting room” and have a true 3-BR (11×8 is small but do-able for a bedroom, especially one for for kids, and perfect for an office). I like the skylights and that the washer and dryer are on the same floor as the bedroom. The outdoor space isn’t great, but you’re not really going to get any better in a condo.

    It doesn’t mention the condo fee though, just the overall taxes–so I’d want to learn more about that. And the listing says “parking included/street parking” (so basically no parking is included). For all that, I’d say it’s maybe 10-15% overpriced.

  • Considering that condo sales are down 45% from last year, no, this isn’t a good deal.

    Wake me when prices go back to 1995 levels.

  • Interesting space. It’s basically like getting a full rowhouse except in a condo building, though not sure what the advantage of that would be. But if you want condo living you can take that $589K and go a few blocks south or a few blocks west and find something much, much nicer on a much safer block, albeit with less square footage.

  • Pricy for the size and location.

    I have a 2 bedroom 1.5 bath house on a corner lot in a much better location on the Hill with a new (and nicer) kitchen and bath and my assessment isn’t that high. If I was selling, I doubt I would list it at that price much less get that price. This place shouldn’t be assessed for that price much less more than that.

  • that is definitely not marmoleum. marmoleum is smooth and has a marbled paper kind of look. that is some kind of wierd tile and its really unfortunate that they had to put it on both the floor and the backsplash.

  • Hmmm…I would pay $499 for it.

  • Basically it’s two one bedroom apartments for $300 k each. Definitely not worth it (surprised?!). DC market not budging an inch.

    I wouldn’t pay over $225 for a one br in DC.

  • lots of nice buildings on that block, but it’s also a really sketchy area. wouldn’t pay that price for anything near there or in the shaw area (which is just north) in general. you’d think being by the convention center there’d be more foot traffic and a better safety environment – but that’s not the case.

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