Good Deal or Not? “2-level living” edition (reader request)

This condo is located at 1205 Morse St, NE:


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The flier says:

“Open house 12/11 1-4 pm. Amazing space: new, big, open, fabulous! Look at the pics! Hardwood, stainless, granite, designer tile finishes. 2-level living with access to private rooftop ready for finishing. Close to Gallaudet Univ. , NY Ave. metro, Harris Teeter. H Street corridor re-development just 2 blocks away. Parking available for purchase. Three smaller, less expensive units also availble.”

You can find more info here and photos here.

This 2 bed/2.5 bath is going for $525,000 ($363 monthly condo fee.)

36 Comment

  • Ooo, I like the layout. Looks like a nice space, and that’s a great private deck. And it’s walkable to my favorite grocery store, The H Teet.

    I guess it doesn’t come with a parking spot…?

  • I’m going to say it’s way over priced. But I’m more curious about the condo fee. Isn’t that steep for a brand new building?

    • I’d say it’s a bit high for a 2 or 3 unit building. Pays for:

      Common Grounds
      Fencing
      CAM
      Exterior Building Maintenance
      Master Insurance Policy Included
      Sewer
      Water
      Antenna
      Fencing

  • $525K for a cono in Trinidad? If they can get that, Herman Cain will be our next president.

  • From the beautiful southern exposure, sun. And from the northern exposure, bullets.

  • So ridiculously overpriced. I’ve seen large rowhouses with rentable basement apts that were recently flipped with finishes just as “nice” if not nicer than this one go for the low to mid 400s in this neighborhood.

  • Good lord in heaven prices in this city are insane. There always seems to be someone out there desperate enough to pay the price, though….

  • this is a great deal if you look at the ad carefully and note two things:
    1) 2100 sq ft
    2) $240 a sq/ft
    3) Private roof deck

    But, parking isn’t included…

    The price per square foot is actually on the lower end for this area. Either way, I hope they get what they’re asking! :-)

  • I use to live 2 or 3 houses down. What this ad doesn’t tell you is that drug dealers are a constant presence on that corner. They are even on Google Streetview: http://maps.google.com/maps?q=1223+Morse+St.+NW&ll=38.903416,-76.989044&spn=0.006287,0.013937&sll=38.903051,-76.988723&layer=c&cbp=13,355.42,,0,15.19&cbll=38.903521,-76.989284&gl=us&hnear=1223+Morse+St+NE,+Washington,+District+of+Columbia+20002&t=m&z=17&vpsrc=0&panoid=nl9mTG1sLKAB0eF2tzHHbA

    • I agree that the condo is way overpriced, but was the “Google Streetview” comment really necessary? Nothing in the photo shows that those men are drug dealers (although I’ll take your word on it that there are drug dealers in the neighborhood).

      • I lived there for 6 months. I saw it. There was always one of those guys at that corner. Often it was just the tall one. The only time they left was when cops parked at the corner. Don’t be naive.

        • I’m not naive. What I meant is that I don’t doubt that there are drug dealers on that block/in that neighborhood, but it’s not like the Google streetview photo shows those men dealing drugs, it just shows several black males loitering. Just didn’t seem necessary to me, that’s all.

          • It sounds like Nick actually recognized these men as drug dealers, since he’s lived in the area. I trust he said that because he’s actually seen them deal drugs.

    • That’s a mix of sad and hilarious.

    • Ha, that’s funny. I had the same thing on my block, could’ve taken a photo yesterday and superimposed it onto the Google map streetview

    • Nick: If you’d come back to the neighborhood, you’d see that the streetview image that you’re quoting doesn’t exist anymore. The rec center that those kids are hanging out in front of has been demolished. That’s now a large park, with an artificial turf ball field, water feature, benches, playground, walking path, and picnic tables.

      I’m not sure the point of indicting everyone you see hanging out on the corner as drug dealers. There are a lot of bored kids in the neighborhood, and they hang out. I don’t want to ascribe too much to your comment, but it seems to be less-than-friendly.

    • Clearly Nick hasn’t been back since he left. I live a few house down from this condo (next door to where Nick rented). That Google street view is very old, and as was pointed out there is a brand new park across the street that spans half the block — that means there is plenty of street parking in front. The corner boys have been displaced. It is like night and day…

  • Even if you think the amenities in Trinidad are similar to that of neighborhoods like Rosedale and Kingman Park where a few rehabs have been recently featured on GDoN, then this condo is over-priced (especially with no parking). What is especially hard to swallow are the condo fees. I hope that number includes property taxes.

  • Its not a new building at all…they modified it from a house built there beginning in march of 1923, designed by architect Thomas McNamara

  • I t won’t appraise for $525

  • I wonder why the builder chose to have two showers in the master bathroom? Pretty place otherwise, but I wouldn’t pay that price.

    • I don’t think they intended to have 2 showers in the master bath. It looks like that bathroom originally had the tub (shower head installed) but they wanted to put in a “fancy-looking” shower and created a shower stall as an additional option to a soaking tub, even though the tub is just a regular bath tub. They could have removed the shower head in the tub to better achieve this, otherwise it ends up being silly. Anyway, that example shows a bit of sloppy rehab that I’ve noticed in other parts of the home in the pics. I don’t see the 2nd bedroom or the 1/2 bath, which I’d like to see. I hope they aren’t including that loft-like space on the upper floor as the bedroom. It does seem high plus a moderate monthly condo fee. I say moderate because I’ve seen listings with condo fees that range between 200 and 600. While the main floor is open and seems light-filled, it seems like a great space for a bar/lounge with a dance floor on the upper floor. I know that’s not what it’s trying to be but if I were looking for a new home, I’d be looking for something that was less loungey. It’s not because it’s open that I think it’s loungey because open spaces can be appealing for a home. I just can’t quite shake that loungey feeling, though.

  • I guess obscene list prices are the norm in Trinidad right now. This place is only 2 blocks away.

    http://www.redfin.com/DC/Washington/1203-W-Virginia-Ave-NE-20002/home/10096616

  • jim_ed

    Considering a house the next block up is for sale for $90,000. I’d say this is a bad deal. That house could be on fire and you’d still save a $200k with a top of the line renovation over this condo.

    http://www.redfin.com/DC/Washington/1242-Neal-St-NE-20002/home/10096185

    • That’s pretty incredible considering the land alone must be worth around $200k. I guess it was in really bad shape?

  • How is the public transportation in the area? There is no Metro nearby so just wondering

    • Three bus lines (D3, D4, D8) stop a few feet away, and run often enough that you have bus service every 10-15 minutes weekdays.

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