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(Was it a) Good Deal or Not? “wine cooler” edition

This house is located at 81 Florida Avenue, NW:

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The listing says:

“1/2 block from Big Bear & 2 blocks to coming Red Hen (Ex Mgrs of Proof opening it) near Rustik/Boundary Stone Pub-Bosch appliances, wine cooler, 2 rear decks & balcony-front. Exposed Brick-H/W floors, Steam Shower, jacuzzi jets/frnt loading W/D&Wet Bar or 1/2 kitch. in basement( in-law suite). Refrig could fit. 3 BR’s 3.5 Baths. Walk to 2 Metros- Red & Grn”

You can see more photos here.

This 3 bed/3.5 bath was listed at $549,990. What do you think it actually went for?

Category: Bloomingdale, Real Estate

By: Prince Of Petworth | 10 August 2012 1:00 PM | 9 Comments

anon

So it is within 5 square miles of Boundary Stone so it must be underpriced, or so my token hipster friend tells me.

Considering it was on the market a month in its renovated state and that it was listed higher than recent comps, I would say it was bought for less than asking…probably ~7% less.

August 10, 2012 at 1:15 pm
Anony

Because it’s in such close proximity to Big Ben’s Liquors, I propose that the “wine cooler” be renamed “40 cooler.”

August 10, 2012 at 1:18 pm
jack5

Wow, that a good job. You can tell by the brick work inside that they put work into the renovation. The place looks well sized too. I think the price is good. The bathroom shower has more controls than a panel at NASA, and I’m very worried about fat people like me hanging out on that deck, the support column plan doesn’t look so sturdy, but this is a pretty cool looking house.

August 10, 2012 at 1:20 pm
jack5

Wait a minute, just noticed there’s no off street parking (apparently). That’s at least worth a 20k deduction from the list price. My bad.

August 10, 2012 at 1:22 pm
Bloomingdale

This is right around the corner from my house. I will just say that it was a complete flip and was finished w/in a months time which always makes me nervous. Also, the basement has flooded twice since the renovation was started (once in the middle and once after completion)

August 10, 2012 at 1:29 pm
- anon
  
  Flooding. Ruh roh.
  
  As an aside, I wonder how the recent storm water issues are going to affect Bloomingdale real estate. Who in their right mind would pay near recent comps for a place on the unit block of T or Thomas, for instance, knowing what has happened this summer? There are mitigation strategies (backflow devices, sand bags on basement steps), but I would have to imagine that the hassle they represent would be reflected in offers. Correspondingly, it may drive buyers who still want to be in the neighborhood further uphill along 1st or over to Eckington. It will be interesting to see how the next year plays out.
  
  August 10, 2012 at 2:22 pm
AngryParakeet

So, we’ve waited enough…what did it sell for?

August 10, 2012 at 2:18 pm
ET

That deck thingy looks scary to me. Is it to code?

Is is just me or is anyone else bored by the staging of the flipped properties?

Also, despite the differing choice for sinks, cabinets, tiles – don’t all of these flipped properties look alike?

August 10, 2012 at 2:30 pm
- KCK
  
  Deck is definitely does not meet code requirements, but DCs code inspections are a laughing stock anyway. It’s amazing that the ICC is based in DC.
  
  Fireplace takes up too much space.
  
  I don’t understand why developers put in multiple shower heads, body sprays, etc. Most buyers think they are overkill.
  
  August 10, 2012 at 4:50 pm