Good Deal or Not? “hyper-clean space” edition

This house is located at 1115 I Street, NE:


View Larger Map

The listing says:

“Home-Base in the center of The Atlas District Pleasure Point. Investment potential pounding, tranquility resounding, within four warm walls that envelope mind-calming, hyper-clean space. An adult house at a childlike price. Your parents could live here. Large enough they may visit too often. This is Smooth as Silk with Cookies & Milk. As H-St seams bust, for parking you’ll lust, an absolute must!”

You can see more photos here.

This 3 bed/2.5 is going for $648,500.

28 Comment

  • What a strange write up. Smooth as silk with cookies and milk?

    • It’s this insane real estate company, unfortunately I can’t remember their name. We mock their write-ups every time they’re posted. I don’t know why anyone does business with them when they don’t present themselves as serious and professional.

      • It’s Tom Faison. He seems to get a lot of business in spite of (or because of?) the eccentric write-ups.

        • Who cares about the write-up, the house is what’s most important. I think it’s pretty cool that he takes the time out to write up creative descriptions for other realtors on MRIS rather than just putting a boring blurb. lighten up people!

  • that description…eye roll…shrug.

  • I might pay that much for it, if they had removed the formstone instead of painting over it. Looks like a quick flip job this way.

  • the neighborhood is up and coming, but it ain’t there YET. 650 for this place along the 14th street NW area? great!! in h street? NOT a good deal.

    • What part of 14th Street NW are you talking about? If you mean the main drag near Logan Circle you are really out of touch with real estate prices. Also, $650k for this house is pretty good (maybe not a steal, but a reasonable price to pay).

    • Really? This neighborhood has been commanding prices much higher than this for few years now. Even with the market slowdown, the prices in this area continued to grow.

      For whats available, I think its a good deal.

  • Is Shirley Temple the agent?

  • That writeup made me throw up in my mouth a little bit.
    +1 on painted formstone.

  • So when it says 3 bedrooms that really means 2 bedrooms and an office/nursery/kids room. On the plus side, the roll-up door is a nice touch and you could probably do some hard-scaping back there to create a nice outdoor entertaining space. The kitchen doesn’t do anything for me. The cabinets are blah (and big minus not have a full size cab over the fridge) and it doesn’t look like there is any eating space in the kitchen area.

    I’m intrigued by the little addition on the back. I think the pictures show a tile floor and a small desk for an office space?. Isn’t this where you’d want a washer/dryer hook-up? Didn’t see one anywhere else in the pics. Otherwise maybe a possibility to expand the kitchen in the future and build a nice patio off the back with french doors.

    Good deal? You’ll be paying a premium in a seller’s market, in which supply for move-in ready houses is far less than demand, but assuming you get it around the asking price and put some money down, your monthly payments will be less than renting something comparable. I think this area is only going go way, way up so if you’re in it for the long term I don’t think you’ll be sorry buying this place if the space is what you’re looking for. You could probably rent it out to cover your mortgage with enough down. I don’t think is some kind of bargain but I think it should go for close to asking, if not a little over.

    • “So when it says 3 bedrooms that really means 2 bedrooms and an office/nursery/kids room.”

      Show me a Victorian 3 bedroom in DC that DOESN’T have this arrangement. ;)

    • “Good deal? You’ll be paying a premium in a seller’s market, in which supply for move-in ready houses is far less than demand, but assuming you get it around the asking price and put some money down, your monthly payments will be less than renting something comparable.”

      Sadly i think that’s the case in general these days. I don’t feel like I got a “good deal” on my home but rather managed to get something before I got a really bad one in the spring or lost out due to extreme competition/bidding wars.

    • I guess we totally lucked out. We recently bought a much bigger house (renovated 3 years ago) on 6th and I with a separate basement apartment for nearly $100k less (though I’ll admit we did put in a lot of work like painting, changing out fixtures, etc).

      I do think this is a tad high for the fact that there’s not even a basement and appears to be a pretty generic remodel, but I agree that it will be a good investment.

  • I appreciate that the developer took what was likely a property that needed some TLC, but $650,000? I looked at the picture from GoogleMap and I hazard a guess that it was outdated but cared for (the picture seems to have windows with plantation shutters). Sure they gave it a paint job that makes it read better from the curb but still.

    Sure there are 3 bedrooms, off street parking, and being close to H is good but I don’t know….. No close Metro and Florida Ave is still a bit iffy. It seems a bit overpriced to me – though that is more a feeling and not based on scientific facts.

    • According to the tax records this last sold in 2007. Developer flips usually are complete from purchase to sale within a matter of months.

  • Not bad if you don’t mind the parking hassle – hopefully far enough away to avoid the constant smell of Popeye’s.

  • I actually used them to buy a home in the same area last year – they were great. Very professional and extremely responsive. With all the stress around buying or selling a home, I found their humor refreshing!

  • Great investment due to the long term potential of the neighborhood. Big money developers have put their millions on 3rd, 6th, and 9/10th blocks of H st. There are not many areas of Dc where you can buy a single family home with the current benefits of this location (restaurants / bars) and at this price point. Whenever the trolley arrives it will be a better investment than it is today.

  • $650 is a “child-like” price?

Comments are closed.