Good Deal or Not? “Vacant for 30 years” Edition (Reader Request)

This home is located at 223 11th St, SE:

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The flier says:

“A brilliant top to bottom, inside and out, restoration. Vacant for 30 years, now restored to it’s former glory. 3300 sq ft of magnificent open entertaining spaces, tons of natural light, marble counters, stainless steel appliances, rich wide plank wood floors, 2 car secure parking, all new wiring, plumbing, roof, HVAC, 4 blks to E Market, 2 to metro.”

You can find more info here and photos here.

The reader writes:

“This total reno was just listed in my neighborhood so I am curious to see what others think of the list price. The interesting thing about this property is that it and its sister property next door (220) were sold as total shells back in January of this year for $560,000 each.”

I think I like this one better than yesterday’s house porn post with a pool. Do you guys like the reno? Do you think this 4 bed/3.5 bath will go for $1,279,000?

18 Comment

  • is that really a good marketing slogan?

  • The shells sat on the market forever. I guess someone finally paid the owner what he wanted. Everything except the brick in that house is new, because that was all that was left.

    Is there a window well escape on the basement unit? I didn’t see one and I don’t see one on the outside windows.

    I think it’s totally worth it, but then I can’t afford it either.

    • I don’t think the basement is intended to be a separate unit, Dawg. That looks more like a wet bar than a full kitchen down there.

      A very nice reno, but about $300,000 too much. Not that it won’t sell for the asking price, though.

      • I think it says “apartment” on the pictures. So, they’re definitely marketing it as an apartment.

        However the wet bar is a trick to get around having to declare the apartment as an apartment. Then they can rent it out on the sly without having to get the CoO or whatever.

      • If you think it will sell for the asking price, then why do you say it’s 300K too much.

        Think. Think. Think.

        Is it 300K too much for you? Or what?

        • “think think think” roflmao. seriously.

        • I’m guessing the point was that some idiot with more money than brains who falls in love with it and doesn’t care about getting a good value for the money will probably overpay for that place. It isn’t always an issue of supply and demand.

  • Nice enough, but not much house for the money.


    If a house is staged, as this one clearly is, why not present alternate scenarios.
    In this case there is clearly no dining room, although one of the pictures is captioned thusly. Why not stage that area of the living room as a den/library type space and make what they called a family room the dining area, as in eat-in kitchen. Present them both in the illustrations.

    A far more practical arrangement for most people I think.

    BUT what I really think is that staging is an utter waste. I’d rather see unfurnished space (in person) but maybe in pictures it gives one a better sense of scale.
    (And almost always too small)

    • I think most re agents believe that staging makes the house sell faster. Sure it makes it hard for the 10% of the population that has high visual spacial skills, but most buyers appreciate seeing the potential with nice furniture.

      There’s another house just north of Lincoln Park on 12th with a similar basement apartment but with a nicer front yard that’s been sitting on the market at $1.2M for two summers. It might still be a little high for the neighborhood.

  • I am glad to see these properties fixed up. I discussed these properties with the next door neighbor when I was looking for a place, and felt bad the street had to endure them for so long. Even though I didn’t have the cash to fix it up for myself, I thought the asking price was too high, even for a place on the Hill.

    The property may be a bit on the high side, but one gets a lot of sq ft for the money.

  • This one should go for around $1M. One problem is that 11th St. is really busy. Great location nonetheless.

    • Agreed, but you’re in between EM and Lincoln park which is good for families of children and dogs.

    • The location on a “really busy” 11th St has absolutely no bearing on the “Philadelphia Row” homes directly across the street which routinely sell well into 7 figures

  • I actually think this place is priced to sell. The houses within about 4 blocks of Eastern Market metro and Lincoln Park have been selling very well in all price ranges. A few houses on 10th and 11th SE have sold in a matter of days in the past few weeks.

  • I’m usually the first to call “Home Depot” on cabinets, tile and fixtures but these finishes were lovely.

  • Are dark floors the style now? They’re turning up everywhere.

    Forgive me if this posted twice but it said I was posting too fast and kicked me out the first time.

  • Nice kitchen.

  • Without a stove, I wouldn’t be inclined to consider the basement an apartment. Whether it’s priced right or not, I’m just glad they didn’t cut it up into 3 condos.

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