Good Deal or Not? “Close to shops, bars, restaurants, parks, jazz clubs, U Street Metro, and Ben’s Chili Bowl!” edition

2000 16th Street Northwest

This unit is located at 2000 16th Street, Northwest:


The listing says:

“Spacious, well-lit lower-level unit in the heart of it all. Washer/dryer in unit, eat-in kitchen, renovated bathroom, new carpet, bike storage. Close to shops, bars, restaurants, parks, jazz clubs, U Street Metro, and Ben’s Chili Bowl!”

You can see more photos here.

This 1 bed/1 bath is going for $279,000 ($402 monthly fee.)

20 Comment

  • I’ve always wanted to see the inside of this place. And wow! What a dud! That kitchen looks like an underclassmen apartment. Price is decent for the location, but with the condo fees you’re better off buying a slightly better spot nearby or renting a WAY better spot nearby.

  • Um $279K to live in the basement at 16th and U? No thanks!

  • Curious how bad the fire trucks/ambulances/police cars are at that corner. I live just up the street and it can be a bit noisy, so that lower level corner must be ridic. Anyone live in the building and have thoughts?

    • Used to live across the street from this building (on NH Ave) and unless something has changed dramatically, the fire engine and ambulance noise is really LOUD! Eventually I got used to it, but when talking on the phone I’d often be asked “is your house burning down”? The other thing about this location is that a lot of buses run along both 16th and U Streets. I lived on the second floor and got vibrations from the buses on 16th. I’d be wary of being below ground with all of that heavy traffic running along two sides of my home.

  • It’s probably a former custodian’s unit. Buildings this size would have had a live-in custodian, often a husband & wife. This sort of thing became less common in the last 20-30 years. A unit like this wouldn’t have had fancy cornices nice woodwork, etc. I’m sure the above basement units are much different.

  • Not a good deal. Not only would I not want to live there, but at that price, it would be hard to make any profit renting it out unless you had a large down payment.

  • justinbc

    I understand why all tourists feel compelled to go to Ben’s, but why would anyone who lives here consider that a selling point in a purchase?

  • I wouldn’t pay $279k to live in a basement, even if it were at the White House. Especially a basement that only has a few very small windows.

  • My friend rents in this building (an above-ground unit, which are indeed much nicer than this one). Her kitchen is much smaller but has far better finishes. She’s happy there and it’s a nice place, but the noise is pretty bad on that corner.

    I’d never buy this.

  • Having very recently done a lot of condo-shopping in this neighborhood, this seems like a deal. Sure, it’s a basement, but it’s in a very popular area and decent sized.

    • I would agree. Sure, it does not have a lot of snob appeal. But the price is great for that area, it is a nice sized unit and the location is unbeatable. You could build equity by renovating that depressing kitchen. For someone looking for an affordable city apartment in a fun neighborhood, I think it is a good deal.

  • The pictures have been photoshopped to the point where they almost look like renderings. I notice they’re not even making the BS “flooded with natural light” claim that most basement places make…

    A similar-sized 1br/1ba on the 3rd floor sold in August for $391,601 with a $10k seller subsidy. Don’t know about the difference in finishes, layout, etc., but as a long-term basement renter dreaming of the day I can move above-grade, daylight would definitely be worth the extra $100K to me.

  • I lived on the first floor 20 years ago and paid less for a 2 bedroom….but again, that was 20 years ago. I would not pay that much for a basement. You never get your money back. The intersection is loud….but most major streets in DC are loud. The only plus I had; the first floor units kept some of the original woodwork details.

    • Wow. You are old

      • ha! you are young and probably naive. but then, i moved here in the early 90s at 20 years old with a master’s degree.

        i hope the best for you. one day, you’ll have a real job. good luck!

        • Haha! I do. I have the degrees, the “real job” that you might be referring to and the big salary. Good luck to you too!

    • This is the kind of space you have view as an investment–a relatively low cost way to build equity and once you have equity and can move on to something else, it would make a good rental unit and probably pay for itself after that.

  • If you could knock down a few walls and reconfigure it to make a more open floorplan, it could be a great unit. The kitchen is definitely serviceable – large, even, for this type of unit. And the bathroom probably needs little or no renovation at all. If you have $50,000 on hand to renovate you could really transform the space, and the prices in the area are only going up.

Comments are closed.