Good Deal or Not? “Location is unbeatable” edition

DC8353596 - Front of building

This unit is located at 2401 H Street, NW. The listing says:

“Terrific Value & turn-key ready! Beautifully updated & light-filled 2 BR condo in heart of Foggy Bottom. Panoramic windows in LR, DR & larger BR. Remodeled kitchen with new cabinets, SS appliances & granite counters. 24 hr front desk & roof top deck. Condo fee includes all utilities! Location is unbeatable-walk to metro, GWU, State Dept, World Bank, IMF, Trader Joes & Whole Foods!”

You can see more photos here.

This 2 bed/1 bath is going for $419,000 ($922 monthly fee.)

12 Comment

  • My initial reaction: While I personally wouldn’t want to live in Foggy Bottom, this seems like a solid deal for somebody who does.
    Upon seeing the monthly fee: Not so great a value unless it’s a coop and the fee also pays for the property taxes (doubtful).

  • I can beat that location.

  • Hmmmmm – which bedroom will I rent out to a room mate? The one that’s like a tree house or the one that’s like a closet?

    • If the non-treehouse one has any windows (which it should — if it doesn’t, it’s a den, not a bedroom), the agent would do well to show this in the photos.

  • $922 monthly fee? Might as well just keep renting.

  • I’ve been in this building before, it’s a dump. Really outdated building.

  • I don’t know if this question can be answered in the abstract but what do condo fees typically cover? I can directly compare the mortgage on my single family home to the mortgage on a condo. But I am wondering what if any of the current expenses I have related to my home would be covered by a condo fee. Utilities? Water and sewer?

    • It varies by property but this listing says the condo fee includes all utilities.

    • The listing states that the condo fees include all utilities, so presumably it covers water, electricity, gas, garbage, etc.

      That said, this is still incredibly high for a condo building with no pool. I think I’ve only ever seen the Watergate with higher condo fees than this. And that has a pool.

      • I believe the Watergate is a co-op, not a condo.
        For a $922 fee I was thinking that this listing had to be a co-op, but the listing says condo (twice). It also says that the owner is the agent — if this is really a co-op, he/she needs to be updating the listing, sharpish.

    • the condo fees can vary greatly but most cover master insurance policy (owner covers ‘walls in’, building covers the rest), trash, sewer, water and basic maintenance. most condo buildings with more than 5 units have staff (front desk, building engineer), if there is a yard – yard work. some condo fees will also cover electricity, rarely cable, some condos have a gym so that could, in theory, cover the cost of a gym membership but it’s not really comparable because they don’t offer classes and the like. even fewer have a pool.

  • Hmmm….~500.00 would be somewhat reasonable if there is a pool and a gym.

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