GDoN? “New sun bathed kitchen” edition

159 V Street Northeast

This house is located at 159 V Street, Northeast. The listing says:

“NEW NEW NEW! Pride of the neighborhood! This beautiful row home in Eckington has been fully renovated. New sun bathed kitchen, with granite counter tops stainless steel appliances, New bathrooms that have the modern touch. New energy efficient windows, New hardwood floors, new HVAC, new electrical and new drywall throughout the house. This home has a private driveway and much more. ACT NOW!”

You can see more photos here.

This 3 bed/3.5 bath is going for $599,900.

20 Comment

  • I ask this honestly and I don’t mean to be rude but there there have to be houses on the market that are NOT flipper specials – can you feature those instead?

    As for his house – I guess my lengthy DC tenure has biased me because I honestly can’t see paying over half a million for that neighborhood.

    • I’m not sure where you’re living (i’ll leave all the NoVA jabs to others), but it seems like it may be under a rock. This house and neighborhood is a great deal at this price.

      • HaileUnlikely

        I’m with ET. I’m too old to find proximity to NOMA or H Street to be a perk, and without a car, this is a fairly difficult and unpleasant walk to anything (traffic speeds and volumes, not just crime).

        • It’s $555 per square foot according to the Redfin listing. I wouldn’t call that a great deal, but it’s close to metro and looks pretty nice so not bad. I think it’s overpriced though.

          • HaileUnlikely

            It is the same distance from the Rhode Island Ave station as my house is from Takoma, but the walk between this house and the Rhode Island Avenue metro takes a whole lot more out of me, physically and mentally, than my twice-a-day walk of the same distance does, and I wouldn’t relish the prospect of doing it after dark on a regular basis.

      • I live on the Hill and have done so since 1995 – so no, not under a rock. Like I said I have lived in DC long enough that my memory of this area may be coloring my opinion.

  • @ET – – unfortunately those are really few between. Being in the market for a home right now, I’ve realized that DC real estate gives two options, 1) flipped and 2) needs to be flipped to be livable. I’m guessing either the in-between either go so fast a GDON isn’t necessary, or they don’t exist.

    • The “old house, some old details, still liveable without massive upgrades, not a flip” usually spend no more than five days on the market and go over list. Maybe we could do a “how much do you think this will actually sell for” feature.

      • Yeah ours was on the market for less than 24 hours, no for sale sign and received 11 offers. It’s not a flip, doesn’t need to be flipped, but needs a lot of work we plan to do over time. They’re out there, but not many and takes a lot of luck and timing.

    • justinbc

      Or it’s not exactly a good “deal” (in the sense that you’re paying less than you should), but rather a fairly priced home and you’re uncomfortable with the market values in the neighborhoods you want to live in.

      • This seems to be the case with this particular house. While that’s a lot per sqft, you’re going to be hard-pressed to find something in this condition this close to Bloomingdale for less. (There’s a shell in Bloomingdale for sale for roughly the same price, and that will go for cash above asking.)

    • Yeah but how much would you pay for the non-flipped livable home. Or would you then say well that house was renovated being this is NOT it should only costs this amount….The dirt/land is where the value is these days.

    • jim_ed

      They’re out there, but you have to think two steps ahead of the market, IE you’re not going to find the in-between houses in Columbia Heights or Brookland, but you can likely find one in Pleasant Plains or Michigan Park. We bought in the far northern stretches of Petworth a few years ago, and got a great, gently used house for a great price. The flippers came to our block a year later, and they’re selling for close to double what we bought for. Granted, they have fresh hardwood floors compared to our pergo floors and laminate countertops, but our house is nice and cozy, and it allowed us to buy before we got priced out of the city.

      • I’m with Jim . . . gotta be ahead of the market. We were fortunate to find a rowhouse in Truxton Circle in 2009 for under $300k . . . rough shape, but livable. At that time, we were already priced out of Bloomingdale to the north and Shaw to the west . . . and H Street, which is another area I looked to buy. The flippers finally arrived in our neighborhood within the past 2 years–buying rowhouses similar to ours, popping up a third floor, and breaking the houses up into 2 condos that are selling for about $500k each. We had our home appraised 2 weeks ago at twice what we paid for it 5 years ago. Seems insane to me. We wouldn’t be able to afford to buy in our neighborhood today. We’re really happy to have gotten our little piece of the rock when we did.

  • Allison

    I’m new to the whole idea of buying property, but I’m vaguely aware that the most you can get for an FHA loan (i.e. the kind where you don’t have a huge down payment) is $417,000. If that’s true, how do people afford $600,000 homes? Or is this just out of reach for first time homebuyers?

  • I’m tired of seeing these flipped townhouses because they are so ugly inside. Hate the always beige and brown tiled bathrooms. Hate the kitchens usually. While I sometimes appreciate the idea of removing some walls on the main floor to make for a nice flow between LR/DR and kitchen, I always find the flipper ones to be done in an ugly fashion – with ugly bump outs and closets, and ugly AC soffits, and ugly recessed lighting. They are SO not the way I’d design a townhouse renovation! So, I’d want to do my own, not because of the price, but because these flipper ones are ugly at any price.

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