Good Deal or Not? “Modern Design/Old World Charm Unite” edition

This home is located at 1329 V St, NW:

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The flier says:

“Modern Design/Old World Charm Unite in this Renovated Row House located in DC’s Hottest Neighborhood. Steps to Busboys & Poets, U Street Metro, Yes! Market. 3 bed, 1.5 baths featuring all-new sleek black granite countertops, stainless steel appliances, ebony stained hardwood floors, recessed lighting, gas fireplace, coveted off-street parking, central HVAC, and deck.”

You can find more info here and photos here.

Do you think $649,000 is on target for this 3 bed/1.5 bath?

25 Comment

  • Yes, good deal. it’s small and not my style, but compare this to some houses that break the 600K mark in Petworth and it’s a no brainer.

    • Petworth is a great neighborhood and some prefer it to U street. Regarding the question, it seems like a decent deal.

  • Good deal. Parking is key.

  • An arched doorway = Old World Charm? Or is unseen bubonic plague included?

    Anyway probably a good deal due to location.

  • I think it’s a fair deal. Attractive in a fantastic location, but under 1200 feet is very small for a three bedroom on two levels. The fact that they don’t show two of the three bedrooms (and they are all on the top floor) leads me to think that they are more like glorified studies than true bedrooms. And, only one full bathroom is a negative. Still, in that spot, a full housw with parking can’t be had for under 600, and this one is quite attractive.

  • The Union Row condos above V St. are selling for much more money with much less to offer. Great deal for a home with parking.

  • yes, this is a good deal for a renovated house (not a condo!) with parking and deck in great location. I think it will def sell for this price.

    • If I were looking in this area I’d go with something a bit larger that has a rental unit (there are such properties to be had in the $700 range), but this is a great deal for someone who doesn’t want to manage a rental.

  • Hey Herb – you obviously have not been in the house or you would know that many of the original old world details of the house were preserved in the renovation. Please refrain from making a fool of yourself next time.

    • So tired of realtors spamming the site.

      • Seriously.

        While I think it’s a good deal, I will mention that those “old world” dark floors are going to show a world’s worth of dust every day.

    • Wouldn’t old world details be…from the old world i.e. Europe not Shaw?

      I have a designer friend who once said people use the term “Old World” when they don’t know what else to call it.

  • All of that OLD WORLD CHARM. Wow. Really takes me back to my youth far across the waters in Lowes-landia…

    • Seriously realtors, you’ll gain a lot more credibility if you refrain from using ridiculous hyperbole (although it is entertaining).

      • That was sarcasm. This house has no old world charm. You do know what Lowes is, I take it? Home Depot? Well, this house looks like it’s remodeled with crap from those stores, and not the old world…

        • My reply was not directed at you, but was a continuation of your comment. I did appreciate the sarcasm. 🙂

  • That square footage is about the same as my one-bedroom apartment. Rooms must be tiny.

  • If you work for a living then its not worth it at all. It’s a shoe box. But if all you need is a pied-à-terre to rest your guccis then its two snaps in z formation.

  • Well, someone has to be a contrarian…

    I don’t think it’s a good deal. Traffic, noise, people, homeless, crime…maybe $100K less and yes, but homes in Petworth in need of work sell for 1/2 that during the boom time.

    Cut that puppy loose for $500K and it’s a deal.

    Oh; I’m a homeowner in Petworth; so it’s not like I don’t have a dog in the fight.

  • Yeah but does your Petworth home have that “Old World Charm?”

  • Having lived in that style house all over DC, I don’t think I’d pay almost 700k for it. It’s a cookie cutter house and one of the details they don’t bother to tell you is that third bedroom is about the size of a queen-sized bed. Maybe I’m just getting old…. *sigh* but no, I wouldn’t shell out that much for that house.

    • Agreed, I’ve seen a lot of similar houses while looking on Capitol Hill and they completely lack any sort of character.

      That said, I do think this is a fair deal given the location. Since it’s nothing special I’d let it sit on the market for a while and wait for the buyers to get desperate, then try to make an offer of $600k or less. You can’t typically get a house so close to the U Street metro for that.

  • %550,000-$600,000 would be about right. A rich young couple with a small child or two could live there for a few years before seeking greener schoolyards, but it’s definitely not big enough for a growing family- not enough storage, rooms are small. Not to mention the all night trash can parties at the park across the street.

    The location is convenient, and despite the odd shoot out at a funeral, the crime tends to be more bothersome than menacing. I hate an arched doorway though.

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