Good Deal or Not? “PERFECT location” edition

1718 P Street Northwest

This unit is located at 1718 P Street, Northwest. The listing says:

“OPEN SUN 3/30, 1-4pm! JR 1BR/1BA in the heart of Dupont Circle! High level unit w/ a BRIGHT + OPEN floor plan. Hardwood floors. Updated eat-in kitchen. Living room w/ PRIVATE BALCONY. BA fts vanity w/ ample counter space + storage. Amenities: front desk, rooftop deck + POOL, laundry on every floor, patio garden + bike storage. PERFECT location- walk to CVS, Safeway, + more! TWO blocks to Metro.”

You can see a virtual tour here.

This 1 bed/1 bath is going for $295,000 ($381 monthly fee.)

22 Comment

  • great deal. no way this sells for 295 though! this is priced for a bidding war.

  • This looks very nice. I don’t understand why they didn’t extend the bedroom wall all the way to the ceiling, though — usually when I’ve seen this in junior one-bedrooms, it’s because the bedroom area has no window and would otherwise get no light, but this one _does_ have a window.

    • This was originally a studio and it looks like they installed a pressurized wall. My guess is that this was significantly cheaper than the structural work required to install a “real” wall.

      • Definitely was a studio. My friend lives in this building in a rented studio, and it has the exact layout (except without the bedroom wall, and with an un-renovated galley kitchen.) Not a huge place, but the layout is great–especially with the eat-in kitchen where my friend has a wasted hallway.

        So envious of this deal though. Great apartment for the price, great building (with a roofdeck pool!) for the fairly low monthly fee.

      • What’s a pressurized wall?
        So the construction of a wall that goes all the way to the ceiling and the construction of a partial wall are different, even if neither is load-bearing?

      • Yeah, I figured this must’ve been a studio that had subsequently been turned into a junior one-bedroom.
        What’s a pressurized wall?
        So the construction of a wall that goes all the way to the ceiling and the construction of a partial wall are different, even if neither is load-bearing?

        • Oops… I thought that my first response hadn’t yet posted and that I could get away with editing and reposting it, but apparently not.

  • woodward lived in this building while doing his watergate reporting…..

  • Looks to be about 500 sqft, which means under $600/sqft. Plus a balcony.

    Does anyone know how much similar places rent for in this building? $2,500 or so?

    Could be a good investment property if you could fetch that much in rent.

    • Tax records say 441 sqft. Current owner not receiving homestead deduction, so already a rental. Decent condo fee for the area, so this will sell for a bit more than asking imo.

  • justinbc

    That’s definitely an excellent location. I would say the $614 / sqft is a pretty decent deal if you’re OK with 480 sqft of living space.

  • Not bad if this is what you’re in the market for or if you are looking to buy to rent out. I’m trying to figure out why the refrigerator is positioned to the right. Shouldn’t it be to the left with its plug. A little pantry could be added to the right if it is moved. I just thought that was weird.

    • If the fridge were moved to the left within that little niche, it would block the drawers to the right of the dishwasher, and probably some of the dishwasher too.

    • The plug is poorly located in relation to the refrigerator location — depending on how they redid this kitchen, its location might have made better sense before, or they might’ve chosen to put it there before realizing that the fridge would then block those drawers, etc.

  • I would buy this in a heart beat if I were in the market right now.

  • Is it possible to contact the owner of this property? I’m really interested in this pressurized wall stuff, never heard about it, and might do it for my own condo. I’d reckon adding the wall itself probably bumped the price up at least $50K. Especially if it is less than 500 square feet.

    • Try contacting the real estate agent in the listing and asking if he/she can put you in touch with the owner (or relay the contractor info).

    • Um, no. Pressurized walls are cheap (maybe $2-3K for a really nice one), that’s why they are installed rather than building a permanent drywall with insulation and electrical outlets. You’re not going to magically gain $50K in equity because you tossed up a cheap wall on a studio. You gain $50K in equity by magically adding more square footage.

      • Eh, I’m merely stating if you convert an efficiency into a junior one bedroom, the selling price jumps up significantly b/c it’s being priced as a 1 bedroom. I live in a different area in the city, and I can tell you the 1 bedrooms in my building alone, w/out parking are selling for at least $35K more than what I ‘should’ put my studio up for, and my studio is bigger. Just figured if I put up a wall similar to the one in this listing, I can probably get a little more $ out of it.

        • This assumes people based what they pay for something on what paper says and not reality.

          I get claustrophobic just looking at this.

  • Small spaces, but the balcony is a nice amenity most small places lack. Good value. Fee is high for a studio, but this building has been doing a lot of updates. i walk past it everyday.

  • This is not a pressurized wall. This is an actual drywall that was put in and the reason for the space at the top is the air vent is located on the wall in the bedroom and the space is left open at the top to allow circulation. It will be interesting if it sells at this price or more because they put a wall up to make it a junior 1 bedroom instead of a studio.

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