(Was it a) Good Deal or Not? “claw foot tub” edition

This house is located at 1377 Florida Avenue, NE:


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The listing says:

“Welcome home to this beautifully renovated 2 BR, 2.5 BA plus den row house in the heart of H Street! Exposed brick walls in the living room flow into the large eat-in kitchen w SS appliances, granite counters, & tile floor. Relax in the claw foot tub. Enjoy a view of the Monument from your balcony overlooking Gallery O, a spacious patio & parking. New windows & AC & extra storage under stairs.”

You can see more photos here.

This 2 bed/2.5 bath was listed at $475,000 but already went under contract in less than a week. Do you think it went for that price or higher?

10 Comment

  • man…. everything around here is selling FAST… extremely fast…

    the house across the street on the corner of 9th and K sold in a week after two days of an open house

  • that little thing? for 475? DC real estate bubble in full effect, people….in full effect. I don’t care how renovated it is, that’s a 375k house TOPS. Insanity.

  • Who in their right mind would ever want to live on FLA Ave? Way too much traffic.

  • I am going to say yes or it wouldn’t have sold. Maybe not totally worth it but the DC market is high. There are/were 2 houses near to me that were likely comparable and were across the street from each other. One sold the other has been on the market for at least 2 month. Pretty sure the unsold house was a flip situation and the other was not. Considering the location and size there is no reason it shouldn’t have. One was priced to sell considering the market while the other is priced to make the flipper money. Of course the flipper has carrying costs that are accruing which eats into the profit. All that is to say the sellers priced the house in a way that they could live with and that would insure it sold reasonably fast at an ultimate price that was was acceptable to them.

  • I say this is a good deal. Listings are under contract very quickly in this area as Im sure the same for many areas. Good deal because the cost of owning this property will be just around if not cheaper market rates 2bdrm rentals on the Hst corridor.

  • Good deal – might even go over that price, as it is still “pending,” and considering how fast it went. There’s not much in that price range and for that quality, if anything in this area. The area is fast becoming a great place for families to live, with a decent and improving school, a new recreation center, and, of course, H Street. No bubble – just the area improving and people saving money buying vs. renting. (Can you tell I live here? ha.)

  • As someone who went through 7 months of searching, submitting bids and getting beat 8 times this house to me seems just about right. Didn’t see the square footage but the 3 bathrooms definitely help. Florida Ave. is also blowing up like crazy. Not quite all the way down where this is yet but it’s going to happen really soon.
    Trinidaddy that house is worth much more than 375K. You’d be homeless iif you were looking anywhere in NW with that budget. The best you could get is a condo and then you’d be paying condo fees. I’m not saying it’s right but it is what it is. Not a bubble because it’s very unlikely that these houses will ever drop below current market prices.

  • good deal.

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