Good Deal or Not? Interesting Location Edition


This home is located at 2327 Sherman Ave. NW:

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The flier says:

“Awesome Condo Alternative!! Beautiful renovation of this 2Br 2.5Ba semi-detached TH. Features include hardwood flrs, crown mouldings, tray ceiling, separate living & dinning areas, Gourmet kitchen w/ granite, ss appls. ,jacuzzi tubs, skylights and much more. Park your car in the rear w/ rolldown garage. You are only steps to Metro, BusBoys & Poets, Yes Organic Mkt and all the buzz of U st.”

More info and a virtual tour found here.

I’m interested to hear what you think of the location for this home. It’s a very interesting spot on Sherman Ave. It feels pretty isolated but is actually quite close to Florida Ave. and the U Street spots. I wonder what you think about the walk from the metro? And of course what do you think of the home and renovations? Does $449,500 sound reasonable?

25 Comment

  • Approximately $450,000 to live in a bowling alley in the midst of desolation for two bedrooms. How about $279,000.

  • while most of Sherman ave. is seriously sketchy (yes i said it as it is true), this part is even more so due to the building across the street from this house. there are serious problems with out of control youth. people should recall the Post reporting on kids throwing rocks from the balconies of this building at passing cars on Sherman. no thanks.

  • Quincy St Neighbor

    House looks cute tho! i’ve actually had to park all the way up there just to attend a show at the 930. i like the fact that it’s semi-detached, you’ll only have one neighbor to contend with. Price is fair for market rate.

  • That’s insane. The row of 6 houses of which that house is a member, is completely decrepit and isolated. There are no other row houses nearby. Across the street is a nasty housing complex, and all around that row on the same side of the street is wasteland in various stages of big development.

    Yeah you’ll only have one neighbor to contend with… or zero, actually, since the other 5 houses in the row appear abandoned.

    The only reason to buy a house on this row, is with the intention of selling it out to a developer who will want to knock all those houses down in a few years.

    I’m trying to figure out why someone renovated this house. I looked at the one at the other end about 6 months ago, it was on the market for about 220K. Needed tons of work, but after I saw the location I decided it would only be worth buying to sit on and wait for an offer from a developer. I don’t remember any of the 6 being renovated, was this work done recently? Who in their right mind would put money into a house in the middle of a wasteland?

  • Quite possibly the worst GDoN I’ve yet seen. Who cares that you’re “close” to U Street when you’ve paid almost half a million dollars to live in the middle of a parking lot?

    Side note: take a look at either the Street View perspective or the aerial view on Bing–notice that there were once many houses on that block, most of which were razed at some point (by Howard University, perhaps?). The lead-up staircases are still present, which IMO only increases the creepiness factor.

  • It’ll go for around 400k in my opinion. Reno looks pretty good.

  • Wow, I think the comments here so far are on one extreme or the other. I’d say that there’s no way this house is worth $400k ($350k I can see), but it’s not a complete desolate wasteland either. I mean, it’s not great, with that group of rowhouses being all by itself, and the sidewalk is really narrow making for a harrowing walk to the Metro, but it *is* near U Street and the Metro, and there are people out there who will pay for that despite the shortcomings of the block.

    The house itself is not very impressive to me. It’s really narrow, and I can’t see how you’d be able to set up a TV and couch in the living room.

  • Here’s an article about another house on that block that was renovated. They got $300k.

  • A little surprised Howard hasn’t bought this already or signed a right of first refusal.

  • I’m sorry but this SUPER sucks. If it was a 100 K less maybe, but echoing all the other commenters this area is desolate and I’m only getting 1000 square feet?!? Sorry, but I would never pay that much to live across from public housing and a parking lot. I love that they mention the parking spot… as if one would be really hard to find there… next to a GIANT parking lot.

  • What’s the saying, “Fools and their money are soon parted.”

  • Being surrounded by not-so-well-maintained parking lots doesn’t exactly give you a nice neighborhood feel. The market will dictate the ultimate profit, but $449,500 seems way out of line. It was purchased in Nov 2007 for $164,800.

  • funny how any mention of Sherman Ave brings the pickleshit out in everybody.

    I’m usually one of just a few defenders of that strip, although I’ll grant that particular block of surviving units is a bit sad. But still, bravo for fixing up one of ’em. It’s a damn-sight better than writing off the whole thing as decrepit & letting inertia rule yet another block.

  • As an aside, I think I am getting sick of the phrase “condo alternative.” Just because you are not a condo doesn’t mean you’re better than a condo if you have a cramped floorplan.

    Would someone really prefer this house to this 2br condo which is closer to the Metro, probably feels more spacious, and is $100k less?

  • yeah, anon3:12, some people WOULD prefer their own yard, no condo fees, and no condo association rules to live by. is it really so hard to imagine that people want different things?

    This particular listing doesn’t seem like a very appealing alternative, but many of the condo-alternative listings are much better comparisons.

  • @ 3:25, yeah, I totally do see the appeal of house over a condo. I think it’s just the phrase that gets me because I see it a lot and it’s like, “okay I know that a house is an alternative to a condo, I don’t need to have that pointed out to me.”

    And in this case it’s particularly funny to see that phrase because it’s so obviously not a *good* alternative to a condo.

  • I interpret “condo alternative” to mean “small.” Usually when they use that term, that definition makes sense.

  • Ha ha. Good joke, sellers.

    And having a house is way better than a condo, just not this house.

  • I think Anon 3:12 settles it. It would be different if this place actually had a yard or superior space, but it doesn’t.

  • Responses to anon 3:25 – not everyone prefers a house to a condo. With a condo there’s no yard work to worry about, plus those condo fees will cover most of the maintenance so you have to put less into your repair fund. I’ve been living in a house off of Rock Creek Park for the past 2 years, and I can’t tell you how excited I am to move into a condo and not have to deal with the weeds that insist on taking over my yard!

  • And where are the bars on windows and doors. I see the neighbor has them. Anybody who buys is going to want to have them, too. (Bar and gates on all my first-floor apertures, and I live in Logan!).

  • I like Sherman Avenue, certainly not to walk up and down it, but to drive through going home to Petowrth from Adams Morgan or around Connecticut Avenue. It has less traffic that GA Ave, fewer traffic lights though 11th Street is OK too.

  • If I’m not mistaken, the house at the other end (on the right if looking straight on) is in great shape. I’ve seen the owner guy outside quite often, sweeping the sidewalk and working on the yard. There is definitely something to be said for living so close to U Street— but seriously, no.

  • While agree that this is at least 50k overpriced, Sherman Ave. should improve tremendously once the street is rebuilt with wider sidewalks, new lighting, tree lined median in 2010. Let’s just hope DDOT doesn’t screw up the tree planting the way they did with New Hampshire … sheesh.

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