Good Deal or Not? “Walk to Glover Archbold park” edition

3901 Tunlaw Road Northwest

This unit is located at 3901 Tunlaw Road, Northwest:


The listing says:

“Spacious one-bedroom in Observatory Circle with eastern exposure. Parquet floors throughout, separate dining area, kitchen with dishwasher, gas cooking. Condo fee includes heat/water. Walk to Glover Archbold park, convenient to bus, restaurant, shopping. Roof deck, exercise room, on-site laundry.”

You can see more photos here.

This 1 bed/1 bath is going for $199,900 ($456 monthly fee.)

15 Comment

  • With that fee, it’s either a coop and should be identified as such or the building has been ill managed in the past. gterrible location unless you drive everywhere and have no reason to go to places where driving is a liability (the “l’Enfant city”, which is pretty much anything really interesting).

    • I can’t speak about the fees, but for someone who works at GU, Sibley Hospital, Bethesda, etc. this is a good location. There are plenty of restaurants and neighborhood amenities nearby and fairly well connected by buses. Not everyone works downtown or hangs out on 14th St or H St all the time.

  • Blergh…the outside of the building is ugly and the unit itself is pretty dated. Pink tile? Faux wooden counter tops? You’re gonna need to put at least $10K into it to bring it up to 2013. Nothing you can do about the exterior of course. Probably a great deal for a grad/med student at AU/Georgetown.

    • I think this place is an absolute deal, if you have the cash on hand to update (which should only cost you $10-15K). Super safe neighborhood, great school district.
      With the upgrades, you could rent this out for $1700.
      With only 5% down and a 5% interest rate (and paying PMI), your PTI is only $1230. The monthly fee gets you to $1700. Mortgage interest deduction will give you net profit from Day 1. This is a no-brainer if you’re looking for an investment property or are a first time buyer.

      • That assumes that you want to be a landlord. Who wants to be a landlord?

        • If I had the cash to spare, I would do it. Between proximity to Georgetown and the hospitals, you’ll keep this thing rented out for a long time.

      • You can’t take a mortage interest tax deduction for rental property……

        • Yes you can, just in a different way from your own home. It is a business expense write-off.

          You can generally deduct as a business expense all interest you pay or accrue during the tax year on debts related to your trade or business. Interest relates to your trade or business if you use the proceeds of the loan for a trade or business expense. It does not matter what type of property secures the loan. You can deduct interest on a debt only if you meet all the following requirements.

          * You are legally liable for that debt.
          * Both you and the lender intend that the debt be repaid.
          * You and the lender have a true debtor-creditor relationship.

  • For me being able to walk to the park would be less of a draw than being able to walk to Whole Foods. I’ve been tempted to buy in this part of town because of the lower prices and bigger condos. But it is far off metro, and I think that getting to the neighborhoods where I work and hang out in would be a pain via public transit, especially late at night. If someone was more of a driver than I am, I could see this being a good deal.

  • Original Mamie Eisenhower pink bathroom!!

    • LOVE IT. My house was flipped on the cheap: they left all the original woodwork (yay!) but re-did the kitchen and baths with the lowest-grade beige-est materials available. I have to tell myself that the previous bathroom was ugly and in horrible condition, so that I don’t get sad about the possibility of a lost pink one.

  • Those photos are horribly pixellated (at least on my screen).

  • It’s telling that, in a 12-photo virtual tour, 6 of the pictures were of the building itself, not the unit. No picture of the bedroom at all, so assuming it is relatively small.

  • Right next to Russia!
    Not a bad price at all considering some new buildings blocks away have been selling 1 and 2 bedrooms in the 400 to 550 range and fees are about the same.

  • Well it’s affordable for money of those who complain about lack of affordability in the city. If you are making less than 100k it is unreasonable to expect to buy new construction in most luxury buildings. This could be a housing choice for many people that is sustainable.

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