Good Deal or Not? “huge kitchen counter perfect for hosting” edition

1130 5th Street Northwest

This condo is located at 1130 5th Street, NW:

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The listing says:

“Spacious Condo in Mount Vernon Square 2 BR/2 BA condo close to Gallery Place/Chinatown, Verizon Center, Safeway, countless restaurants, bars, shops, and museums. Lower-level unit with high ceilings and huge kitchen counter perfect for hosting. Low condo fee, secure parking, one pet allowed, new HVAC system in 2012”

You can see more photos here.

This 2 bed/2 bath is going for $469,900 ($287 monthly fee.)

18 Comment

  • Who is doing all this hosting in their kitchens anyway?

    • I would if I could! (Alas, I live in a studio, and my kitchen is tiny.) I blame HGTV…having lived in small spaces my entire life, I’m now being tempted by the world of outdoor spaces, huge kitchens, and house-hunting couples whose must-haves include space to “entertain.” (Of course, half of those House Hunters folks are looking at $200,000 4BRs in far-exurban Atlanta or Texas, but still…)

      • You are so right! Those people are always like “this walk-in closet isn’t nearly big enough for all my shoes!!!!” Meanwhile, it’s bigger than most city people’s entire studio apartment.

      • My guess: most of these folks never use their homes for entertaining, the miles of counter space are cluttered with appliances they never use, and their walk-in closets are full of clothes they never wear. The more unnecessary space you have the more likely you are to fill it with unnecessary crap. And if entertaining really is a priority, you’ll make it happen no matter how small your place is. The biggest and best party I ever threw was in a tiny apartment, but these days I’d rather take the money I’ve saved by NOT having a big kitchen and rent out a space somewhere.

    • haha! We joke about that all the time! Almost every episode of every show on HGTV has the buyer/homeowner saying they “need space for entertaining.” And then build their kitchen/dining room around that. We always want to know, who the hell is doing that much “entertaining,” and why don’t we know these party-giving people?

      • I watch way too much HGTV. My kitchen is basically in my living room so I consider it “open” 🙂 There have been a few House Hunters in DC on TV lately.

  • Cute place, TERRIBLE views from what I can tell – I’m having a hard time figuring out whether this is a basement, or just directly facing another building with all windows facing that building?

    • I’m pretty sure this is the basement unit. You can tell if you look at the front windows and door. The upper unit has a half-circle-shaped transom and this unit does not.

  • I don’t think there are enough pictures of the kitchen. Needs another half dozen.

  • Its well priced. It would be a great deal if it weren’t for the fact that it is a basement apartment.

    • It’s still a fair deal given the current market realities. Basements are a no-go for me, but this seems to be solid otherwise.

      Having a parking spot is also huge in that area.

  • Nearly half a million to live in a basement apartment? No thanks don’t think it’s a good deal. Pretty place and the kitchen and living/dinning area look perfect for entertaining.

    • I’ll agree that living in a basement is a bad idea, but totally disagree that this is a bad deal.

      It’s located on a beautiful, quiet block adjacent to Penn Quarter, and comparables in the neighborhood are selling for much more. This would rent out for $2,500, making it a solid investment.

      I bet this goes under contract for $515K. This is priced to start a bidding war.

  • Props to the listing agent for NOT SHOUTING AT US.

  • The quality of finishes and overall construction is of the highest I’ve seen in Mt Vernon Square.

    The development was delayed when the DCRA inspector tried to bribe the developers, a lovely wife-and-husband team. Little did the inspector know that the developers full-time job was working for the FBI.

  • diploj

    Lower level, but it still looks like it gets a decent amount of light and the windows seem to be at an appropriate height (unlike some basement apartments where you get window slits near the ceiling). Seems like a good deal for the size, location, 2 full baths, and not being bad on the eyes.

  • A little high for a basement 2br/2ba, but nicer looking than many I’ve seen. very decent square footage and looks like a big LR/DR. I looked at basements but eventually avoided them out of water and price appreciation concerns, but this time of year, I’ll bet they’re more comfortable and easier to cool than above the street level.

    • Based on recent sales, this unit is priced under market value believe it or not. This goes under contract at a higher price.

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