This condo is located at 257 15th Street, SE:
The listing says:
“Charming+Modern 2 BR 2 BA condo loft in 4 unit boutique bldg in Capitol Hill for sale for the 1st time. 2 story windows, upgraded kitchen with SS appl. & silestone counters, hdwd floors, private deck, bike storage, exposed wood beams & ductwork, cool ceiling fan, 18 LR ceilings…very unique, lots of light, open floor plan. Wood floors as is.”
You can see more photos here.
This 2 bed/2 bath is going for $537,900 ($348 monthly fee.)
Not a comment on this property specifically, but a thought on GDoN in general. It seems like the market has gotten so crazy, that most nice properties are selling in under a week (listed thurs/fri and sold by tues). It would seem to be more helpful to people looking if there was delay in posting new properties (say 2 weeks or something). This would allow people to get some feedback on properties that won’t be in the middle of a bidding war. Maybe it will lead to someone on PoPville finding a diamond in the rough that they might not have otherwise considered or help someone assess a good value for a property they are interested in that might be over-priced (for a low offer or so they are ready to bid on a price decrease). I find the most interesting discussions on GDoN to be related to the surrounding neighborhoods and not whether people like or dislike tile backsplashes on a newly renovated row house. Just my 2 cents.
Not clear what you are asking for. Are you asking that GDoN posts go up two weeks before the property in question goes on the market? I don’t see that happening unless the sellers’ agents specifically arranged it that way. And given how quickly properties sell, agents probably wouldn’t see a need to have the final photos, etc. posted two weeks in advance.
No, I was suggesting not putting a property in GDoN unless it had already been on the market for a week or two because at that point in time a bidding war is less likely. So many places are being priced low right now, despite the low inventory so they sell quick and at a price well above list.
Do you mean only posting properties that have been on the market unsold for a few weeks? That could make for some interesting discussions on why places haven’t sold yet but instead of GDoN it just might be called BDoTD (Bad Deal or Terrible Deal).
Maybe, but there was a time not too long ago (even in DC) where it was not uncommon for a nice property to sit for a few weeks. Most agents list properties on Friday and they sell by Monday or Tuesday, so a lot are pending before the GDoN post goes up (or soon there after). At that point, who cares what people think because someone (likely multiple someones) thought it was a good deal.
$567 per square foot in that neighborhood seems a little ambitious, no?
you know who else was ambitious? Caesar!
an apparently identical unit just sold in the same building a couple of weeks ago for 510k (538/sq.ft), so if it is ambitions it is indeed just a little ambitious