Good Deal or Not? “3 level, 3 bedroom, 3.5 bath” Edition (Reader Request)

This home is located at 1342 Oak Street, NW:

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The flier says:

“Beautifully renovated, 3 level, 3 bedroom, 3.5 bath row house. Brand new, expanded kitchen. Full bath added upstairs. Half bath added on main level. New hardwood floors on main level. Fully finished, newly renovated basement with front and rear entries. Many, many other upgrades! Quiet block, right off 14th, 3 blocks to Columbia Heights restaurants. Walk to Metro!”

You can find more info and photos here.

What do you think of the renovation itself? It’s yours for $569,900. The reader who sent in the request thinks it’ll go for more. What do you guys think it’ll settle at?

18 Comment

  • Question for you GDoN experts. Does a house like this generally go for more or less if the basement has been converted to a rental? With this model, it strikes me as a fairly small living space when the basement is separate, but then I thought maybe folks didn’t mind b/c they were getting the rental income.

    • Houses with rental units always go for more. If the owner wants to rent it then it means $$$ off the mortgage. If they don’t want to have a tenant, well they get to use it as a party room/guest suite. No downside to having an extra kitchen and bath in a finished basement.

  • It will probably go for more even though it’s a dreaded home depot flip. bleh

    • What’s a Home Depot flip? Is Armstrong flooring inappropriate? Koehler faucets are wrong? American standard toilets? Maybe this house should have ivory baseboards, perhaps? I’ll admit the bathrooms are blah, but why would anyone renovate a home for sale and spend money on bathroom tile or fixtures? It doesn’t make financial sense.

      If a future owner wants to go to the Brass Knob and find original newell posts or antique transom windows or spend $30K on custom cabinets, god bless. But new home sales in this part of the city are almost always run-down or “home depot flips.” If you can find a house with original woodwork and original floors and have it be reasonable, you’ve struck gold. But more likely you’re in Anacostia.

      • A home depot flip:
        -Starts out with a coat of the most generic color possible on the exterior. Something in a cream or taupe or beige. But always with an accent shade or cream or taupe to make it pop.
        -once inside you’ll be greeted with an engineered or laminate flooring on the main level. but wall to wall beige carpet on the second floor and basement.
        -cheap cabinets BUT stainless and granite are a must of course.
        -cheapest tile possible in the bathrooms but always a vessel sink somewhere.

        Will the vessel sink trend just die already?

        • And the bamboo floor trend, as well. And rowhouses.

        • All fair points, especially the vessel sink. I get a little snarky because I’m renovating a house, and I spend about 1/2 my money at HD. Sometimes generic things are, well, generic. Baseboards, molding, paint, lumber, etc. It’s hard to use old materials and not spend a decade renovating. These houses with new materials are so often called “home depot flips.” But assuming that’s 3/4″ hardwood on the ground floor, and that the original parquet wasn’t able to be restored, what’s wrong with it? Seems OK to me.

          Again, those bathrooms are horrible.

  • I’d be careful with this one. My first reaction was that there is no way that retaining way is going to hold up. The wall might hold up, but the stuccoed on cement is not going to stay looking nice for more than a year. Ditto the cement work in the basement entries. Also, given the other work, I’d be suspicious of the basement carpet.

  • I viewed this house on the weekend. It is a really bad reno. Carpets on the second floor. HVAC underneath the patio which I am pretty sure is a bad place for it.

    The finished quality is pretty poor and appears to have been a rushed job. For example there are gaps between the door and the frame on the rear basement door for example.

  • It’s a cheap flip – that rear basement door is an interior hollow-core door, with no weather-stripping or anything. Half an inch of daylight all around.

    But, the location-location-location rule applies. This is pretty much the nicest block in CH, balancing safety/quiet/cleanliness/nice neighbors with proximity to all the good stuff.

    Whoever buys it will need to put another $20-30k into it (re-floor the basement (carpet in a basement??), fix the back door, spruce up the laundry area) and will still have a good deal if they get it at list price.

  • I’d be concerned about hidden shoddy work. One thing to go in knowing you have to do 30K in fixing of visible problems, another thing to wonder what the heck is behind the drywall that could kill you.

  • the question is good deal or not, right? i would say good deal.

  • Seems like they would have benefited by listing this a month ago, prior to the expiration of the homebuyer credit. It also would have given the purchaser some say in the finishes. Fortunately, the $5k DC homebuyer credit is still around, though I would guess at this price point the buyer is probably phased out.

    I think this property will be a strong gauge of where the market is going, good street, decent materials, and decent price with parking.

  • There is no way I’d pay over $500,000 for this house.

    • There is no way you would buy a house in Holmead Village that didn’t have major issues for less than $500k

  • hey there,
    I work for a class action law firm in LA, and am looking for anyone who had flooring, roofing, or their ceiling done by home depot. The reason is that Home Depot is overcharging all of their customers for installation. If you fit into this category or know anyone who does, please contact me at [email protected], or call me at 213 473 1900 ext. 4249. I hope to hear back because Home Depot is ripping off their customers and they know it.

  • The firm is Ringler Kearney Alvarez LLP

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