Good Deal or Not? “dining room w/ tray ceiling” edition

This house is located at 34 Sherman Circle, NW:

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The listing says:

“Gorgeous reno of spacious Petworth Home on Sherman Ci features lg living room, dining room w/ tray ceiling, spacious kit w/granite counters and SS appliances, deck, backyard, lg master suite, 2 additional BR & bath on upper & complete in-law suite in LL with rear entrance. Option to have off-street parking. All this across from beautiful park. Walk to metro or take Bus from right in front!”

You can see more photos here.

This 4 bed/3.5 bath is going for $639,900.

22 Comment

  • I is giggling.

    Just some flipper looking to flip it for 300K more than he bought it for a few months ago.

    At $400 sq/ft it is a solid 30% higher than other recent gut sales in the surrounding area.

  • I too think it is way out of line but a lot of people will happily pay a premium for something that “looks nice”.

    Maybe I’m a curmudgeon but I see an analogy between houses and clothes. When I was young, my mother taught me what to look for in quality clothes – the stitching, the cut, details that matter, … I’ve seen a serious drop in quality of clothing over the course of my life. Similarly, it seems with houses. Today you just throw some new vinyl windows in, slap some paint on it, make sure there’s a granite countertop and a lot of people will talk about how great it is. They don’t know to look deeper at what represents real quality.

  • Anyone see this when it was on the market in Feb? Wondering how much they would have spent on it…

  • Go crazy Petworth home values, rah rah rah!

  • That does seem like a lot for that location – I could see something much closer to metro perhaps getting close to that number. Although maybe they think being on the circle commands a premium? I’ve always sort of idealized living on a circle – it seems sort of old-fashioned and glamorous to me. I have no idea why. But hey – I hope someone pays it, because I’m about to have my house re-assessed for a refinance!

    • Lots of drivers seem to blow horns in traffic circles.

      • I was just going to ask, how is it living on this circle? I’ve been through Grant Circle when it’s been kind of a mess. Any reviews of Sherman Circle and its environs?

    • I love Sherman Circle and looked for houses in that area a few years ago. I think one should pay a premium to live on the circle, especially this one, and I think that justifies the price. Think about those homes on Logan Circle. Twenty years ago, it would have been insane to pay that, but I think living on a gorgeous circle is rather elegant. I certainly couldn’t afford it though.

  • The house looks fine. I’m not terribly familiar with Sherman Circle, but it seems kind of high for a house up there, not close to metro. And, am I the only one that goes through each picture matching up the item with it’s location in Home Depot? “Aisle 1….Aisle 7…Aisle 4 right past the tile spacers on the right.” For a $350k home, that’s one thing, but for $640k, sheesh, maybe find an Overstock fixture I haven’t seen before?

  • poor quality flip job…carpet on the bedrooms is the worse…also the “walk to metro” is rather long…

  • He’s asking so much because his last flip in Park View (asking 589K) went for 620K! The last house looks just like this one inside. He did major work on the last one like digging out the basement floor and raising/replacing the 1st floor. No, I am not affiliated; I just like having a nicely flipped house next door instead of a neglected falling down foreclosure with garbage and a huge colony of rats in the yard.

  • I live a couple blocks North and the walk to the metro is about 1 mile. The buyers need to walk the neighborhood at different times day/night to get a sense of this area. If it really goes for this price, yay! Go Crazy Petworth home values!

  • anon. gardener

    a house just across the circle on Kansas Ave recently sold for $628K. if this one goes anywhere near asking, I will do a little dance.

  • This thread really illustrates the difference between people who already own property and those currently in the market for a new house. While some hope that this house goes for asking, I hope that it sits on the market for a few months and sells at a discount. I’m well aware that’s wistful thinking, however.

  • I live on the circle. It has been great living there. It takes me 15 min to walk to the metro. The house up the street on Kansas sold for $628k. This house is nicely done. My guess – and hope- is that it will sell for $600-$615k.

  • under contract!

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