Good Deal or Not? “Full 3rd flr of rowhouse” edition (Owner Request)

This condo is located at 1200 Euclid St, NW:

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The flier says:

“HARD-TO-FIND! NEW in ’07- ALL SYSTEMS/AMENITIES. Full 3rd flr of rowhouse in Columbia Hts boutique bldg. LRG, penthouse-like END UNIT. Bamboo floors, many lrg windows & recessed lighting thru-out. Big balcony. Sep DR & desk areas. Gourmet kitchen w/ granite, ss appls, incl French dr refrig & gas stove!Low fees, 1 prkng spot w/ 2nd avail. Treetop views incl Capitol.”

You can find more info here and here and more photos here.

What do you think of the unit itself? Does $425,000 ($258 condo fee) sound reasonable for this 1 bed/1bath?

54 Comment

  • I want the magical hover toilet paper in bath #1.

  • What the hell is “penthouse-like”? Just because it is the top floor? Gimme a break, Nell Carter!

  • seems crazy from the outside, but inside it does seem very much like a nice condo.

  • I thought no, bc it’s 1 just one bedroom. but i assume $500/sq ft is not unreasonable for a top floor condo.

  • $425 for a 1b1b not a chance. It’s nice, but they put too much in there for the price range.

    • I know it’s a completely different area, but a 1b1b in Logan circle with parking and with 200 LESS sq ft than this one went for this price when I was looking for a condo (I was outbid on it – they went in for asking). I know, I know, different neighborhoods, but this unit is much bigger and is very nice. $425 might be high for this place given the location, but I think that it’s not unreasonably priced.

      Basically, all I am disagreeing with you on is your statement that seems to say you can’t imagine a 1b/1b going for $425. They’ve gone for much more than that in this city.

  • $425K for a 1br/1ba of that size with parking and low condo fee and balcony is slightly on the high side, but not out of the market range.

  • My question is who with $425K to spend is going to want a 1 bed/1 bath?

    • Anyone who cannot afford the $500K plus it costs to get a 2 BR in a decent neighborhood.

      • What are you talking about? They are TONS of 2BRs for $400-450 in Col Heights / U St.

        • There are several on the market with parking (according to redfin) but many are roughly the same square footage as this 1 BR which translates to a lot less living area.

          Also, I don’t consider 6 or 7 blocks to metro to be too bad…could be a bit closer.

        • First of all, what are YOU talking about? I don’t think that there are tons of 2br’s in U St at least (not as sure about CH) that are above ground (not basement or terrace level), with parking, have w/d andare going for less than $450. Check out this one br going for $450k WITHOUT PARKING.

          Now, I know its not the same as the place in this post – and that is the point here. People come onto these gdon posts, see how many bedrooms, general location and the price and make quick judgments that are way off base.

          • I was referring to the commenter who said you need to spend $500k+ to get a 2BR in a “decent neighborhood” which you can see by looking at listings is clearly not true.

            And you’re right, that building at 14th & V is an apples to oranges comparison to Euclid.

          • I agree, you can’t compare it to a cookie cutter condo with one large window on one wall, a $470 condo fee and no outdoor space.

          • CoHi: You absolutely can compare the two. I agree there a huge differences, but they are both 1 bedrooms within a few blocks of each other. You take into account the differences and you can see whether its a good deal. Comparables aren’t always mirror images of what you are buying. So this one is in a smaller building and it’s got a balcony and a parking spot. Those are all things you can figure into a price comparison (although i don’t think the smaller building factor will necessarily work in this one’s favor – despite the negative spin you put on it, I think many buyers would prefer the “cookie cutter condo with one large window on one wall”.

  • No,

    And before anyone says anything, it was too expensive at ~389K back in 2007 as well.

    The location isn’t great. I am not saying its a bad street or anything, but it is in a metro “dead zone” directly between U street and Columbia Heights.

    Finishes are nice, but not extrordinary. Typical finish quality you see in most new condos now.

    The only real bonus the thing has, is the parking spot which conveys. Thats it.

    425K for 800 sq/ft. No way

    • On the next block a 1/1 sold last month for $455/sq ft, without a parking space, on the ground floor, and with no outdoor space…so I’d have to say it is certainly in the range.

      • In the range of what? All of Real Estate is based on the supposition that just because a group of people did it before you, it was a wise choice. Don’t get suckered into the condo thing. Buy the land! Buy the lot! Even if you have to drive another 6 minutes up Georgia or out R.I. Ave, it’s a smarter choice.

        And you certainly can compare it to the one-large-window units. Neither lacks any degree of charm or originality. I call them McCondos and McLofts and they are the 21st century’s urban answer to the developments of McMansions of the 80s and 90s.

        • Comparative market research is one of the tools to determine pricing and value. I assume when you bought you looked at comps in the area?

          I don’t even visit some of the areas you mention after dark…If you like it, great. That means you can afford more house or spend less.

          Some folks are not interested in ‘owning land’. To some it means more taxes, more maintenance, more liability, etc.

          And this unit appears far more charming with all of those windows with Northern, Eastern, and Southern exposures.

          (and you can park out back off street too according to google streetview!)

          • The taxes are very high on this tiny condo – another biproduct of the inflated markets. I guess the best thing I could say is it’s a safe waste of money. Park out back 40 feet down! And it includes a daily stair-climbing machine. You really should start visiting new areas. There are safe ways to do it and you have no idea what you are missing. I wouldn’t recomment walking the streets in Georgetown alone at night. Every single aspect of every comment you make contains bourgeois sentiments. Think anew – seriously, I hope it’s not too late.

  • i bought my 3 bed, 1.5 bath house in CH for $425K last year. Granted its not freshly renovated, but not in bad shape either.

    • Where in CH? Location is obviously one of the hugest drivers in the price of real estate. Some areas are more desirable than others and some streets are more desirable as well. This one is in a metro dead zone, but it’s also appealing because its close to both U St and CH. I think it will go for much more than the exact same unit would if it were equidistant from the CH metro on the North side.

      • fl- whatever. The problem is when the term desirable location trumps common sense. A walk around this block in any direction is boring. Don’t confuse the buzzword/label with a location. What supermarket can you walk to? Where’s the corner coffee shop? How close is the weekend farmer’s market? Where is the nearest park, museum, historic site or statuary square? How is the egress from the city for weekends? Is there a restaurant row a block or two over? These are location questions. What neighborhood does not answer the location question.

        • Too Much Anywhere: Before you start condemning areas in NW, you should really make sure you have your facts.

          Whaddyamean, boring? This place on Euclid is around the corner from 13th Street. Go left down 13th and you wind up at U Street; go right and you head towards Columbia Heights. Both directions have bars/restaurants/shopping to stave off any kind of boredom. 11th Street is down the block which, if you are at all familiar with the area has Wonderland, Meridian Pint, Red Rocks, etc. For grocery shopping, Harris Teeter is on 17th and Kalorama and I’ve routinely walked there (and back to Euclid) with full shopping bags. The Giant is up 13th and the new Organic Market is down 14th. If the occupants didn’t have a car, all these places are reachable by bus. I know…I’ve done it. There are 3 farmer’s markets–all within walking distance–on the weekends: U St, Columbia Heights and Mt. Pleasant. Really, go check it all out and you’ll see it’s not “boring” at all.

          • i think he meant boring in that there is nothing but houses, save Cardoza HS, in the 4 square blocks surrounding this address. Proximity is relevant when discussing the immediate neighborhood, and everything you mentioned is certainly walkable, but its all at least 7-8 blocks away. 7-8 blocks is 0.5 mile+, and that is far enough away in DC to indicate a different neighborhood altogether.

        • That is what I was getting at…the poster said they bought in CH and I was asking for more specifics because, as you are saying, those specifics matter more than the neighborhood labels. Sorry if that didn’t come across – just saying that the location of this one (between the CH and U St Metros) is a better location (in my opinion) than other areas of CH.

  • Bed Bugs, Bed Bugs, Bed Bugs love Columbia Heights….

  • Ah, the old crib in the master bedroom routine. That actually works well for the first 2 years…
    Condos like this are why we ended up buying a detached 3 BR house with a yard, parking and a basement in Petworth for $50K less.
    The interior finishes are nice and the fee is low.
    Do you drive everywhere, hate yard upkeep, intend to never reproduce or think that you can get $3000 a month for rent for this place? Then it may be right for you.

  • if you go 4 blocks east you can get a 1600 sq foot house with 4 beds and 2.5 baths for $420-$520K… so yes this is way over priced

  • That amount of money for that much residence is just wrong. I don’t care where it is – rats and crime don’t discriminate, they enjoy a home in all of NWDC. Get a house in Petworth or somewhere else closer to the what’s called the edge. Own your land. Park off the street right outside your own back door. Stay in it 10 years. Rent out a room or apartment. Make improvements. It looks like there are two other apartments here with other people living underneath you. I don’t suppose there is an escalator. Don’t fall into the luxury finishes trap for goodness sake.

    • ‘Other people living underneath you’….like you suggest renting out an apartment in your own home?

      And rats rarely, if ever, make it up to the third floor in my experience.

      (and check your crime map)

      • It’s okay if they below you, pay you. If you are concerned about crime maps, darling, you live in the wrong 68 square miles known as the District of Columbia. Check out something called a victim map – it’s much more democratic than you think. It shows you that the victims of crime in a city like DC are spread quite evenly and nicely over the entire city. I do, however, appreciate your professed experience with rats and I’ll take you as an authority on this subject.

  • I just want to know why their tiny wine rack is on the floor in the dining room…

  • May I just say that anyone who bases the purchase of a home on a crime map and makes distinctions by block, neighborhood or even quadrant, should rethink. The whole of this city north of downtown and east of 18th Street was what you people would call “scary” when I moved here in the 80s and most of my friends who now own those $1 million dollar homes you drool over in Dupont and U St. got there when it was rough. If you are using a crime map, go to Boise or Topeka. Frankly, I think the crime maps in those places would also scare you off.

    • It depends on whether you see home-buying purely in terms of investment or if you are looking for a neighborhood you can settle down in and truly call “home”. A lot of us aren’t willing to increase our chances of becoming crime victims just so we can make a tidy profit sometime in the distant future.

      • Engineergirl, you missed my point. By choosing to live in a city like DC, your chances of becoming a crime victim are increased across-the-board. Some comments here assert that one street can be safer than two streets over and so on. Crime-avoiding habits are what make the difference. I have known people who were murdered in DC and others who were victims of violent crime. In each and every case, it was in a neighborhood like Dupont, Adams Morgan and Georgetown that these things took place – the target neighborhoods – not outside the person’s residence. And I don’t think anyone here was talking about investment properties.

    • I agree with you that crime avoidance is more a function of safe habits than buying on the right block. That said, certain areas (public housing projects and bar districts, for example) are magnets for crime. Pretending that 5th and N is better than 5th and O is silly, but not wanting to buy adjacent to some of the blightier public housing in Shaw is a reasonable concern. The crime map can be useful for determining which neighborhoods are safer if you take them with a grain of salt.

      By the way, I would LOVE to live in Boise rather than here. It is a great city with a wonderful quality of life, and I’d bet dollars to donuts that a crime map there would be a lot less revealing than a crime map here (i.e. crime is more randomly distributed rather than focused around blight). Topeka, as far as I know, is a pit.

  • I think potential homebuyers in any area should consider the amount of crime in that particular area as one factor to consider when buying a home.

  • I currently rent on this block, and I love it. I’ve never felt unsafe, and I find being right between Columbia Heights and U st. really convenient. You can argue about whether Giant, Harris Teeter, U street, Mt. Pleasant, etc. are technically “in the neighborhood”, but the fact of the matter is any of that stuff is easily walkable to most people.

    That being said, I probably wouldn’t pay this much for a one-bedroom on this block. I agree with the folks who say that the condo is slightly overpriced, but not ridiculously so.


  • $425 is too high. I paid less than $400 in 14th St. Heights (north of Arkansas) for a 4-BR, 1.5 BA house with granite counters, CAC, front and back porches and a yard. Easy bus ride to everywhere. Great neighborhood, with Upshur Park nearby. Ya’ll come on up!

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