Good Deal or Not? “Townhouse Style Condo” edition (reader request)

415 W Street Northeast

This unit is located at 415 W Street, NE:

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The listing says:

“NEW PRICE. Ready for new owner before summer! 5% Conventional financing available! “Condominium units for sale by public offering statement only”. An Amazing Renovation by Willow Capital Invtmts & Wellmoore Mgmt. 3 BR/1.5 BA Townhouse Style Condo with great attention to details throughout! Vaulted ceilings. HW floors on 3 levels, Tile in Baths & Kitchen, Granite, SS Appliances, Jacuzzi tub. PKG.”

You can see more photos here.

This 3 bed/1.5 bath is going for $399,900 ($192 monthly fee.)

18 Comment

  • This has been on the market for quite some time now compared to other homes in DC, when I was first house hunting back in early April this was priced at $417,000

  • As someone who lives around the corner from this townhouse, I would NOT pay that price. Factors including:

    1) Stinky dumpster literally FEET from the front door of this house, reeking of old Chinese food.
    2) Rampant thefts and vandalizing on that stretch of W Street.
    3) Blighted auto repair shops and industrial sites nearby.
    4) Constant sound of traffic from nearby Rhode Island Avenue and aboveground Metro tracks.
    5) Lack of ANY amenities within reasonable walking distance. There used to be a small grocery store nearby but it recently closed.

  • Seems like the developer jumped the shark on this one. While the area does have a lot of potential, it will be a while before that retail strip on 4th/RIA redevelops to something more desirable.

    • “Jumped the gun”. Jumped the shark means a TV show has started relying on absurd plot twists because the writers are desperate for ideas. I imagine a restaurant could jump the shark when their menu items get totally contrived. Not sure what the real estate equivalent would be in this sort of hot market where anything will sell.

      • Oops – you’re right – I used the wrong adage there. Jumped the gun is what I actually meant. Thanks!

      • Oh I think neighborhoods can jump the shark when their ideas for development get absurd: the Georgetown Gondola is a definite jumping-the-shark moment for me, etc.

  • brookland_rez

    That looks like one of those 4 unit apartment buildings bumped up a level and converted into townhouses. You can get a renovated rowhouse for that much money or less in that neighborhood. The inside looks nice but I think I would pass on that.

    • “You can get a renovated rowhouse for that much money or less in that neighborhood.”

      No, you can’t. Prices are quite high around here now.

  • I didn’t know something could be simultaneously so hideous and so generic. Blech.

  • justinbc

    Haven’t seen 5% financing without an FHA in a while, interesting.

    • It’s not that hard to find, but you’re still going to have to pay PMI unless you’re very, very lucky.

  • This is one of the worst locations for a house in the entire city. One day it will be great for businesses, but not yet. It will never be good for a house.

  • I have to agree with most of what’s been said here. I live within a few blocks of this listing and you could not PAY me to live there. Awful location currently and it will be a looooong time until the neighborhood develops in a way that this location would be desirable. Maybe they can go Thai X-ing on it use it for some business. I can’t imagine residing there.

  • this is a condo?

    bad deal.

  • Looks like each side of the building has its own pop-up.

  • makes me throw up a little…

  • Is it all 3 floors on the left side of this building? If so how is $399k a bad deal? I live about 4 blocks west and while I agree this area hasn’t gentrified yet & may be some years off $399k for a townhouse isn’t bad. Yes it shares the same entrance as the adjoining home but outside that it looks decent

    I haven’t been to that exact intersection but it’s not the townhouse immediately next to the chinese place, its at least one over.

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