GDoN? “Spacious, serene efficiency with private balcony” edition

2829 Connecticut Avenue Northwest

This unit is located at 2829 Connecticut Avenue, Northwest. The listing says:

“Spacious, serene efficiency with private balcony, separate kitchen, dressing area, Murphy bed. Light filled and quiet with ample closet space. Renovated kitchen and bathroom. Building features gym, swimming pool, rooftop deck. Near Woodley Park Metro, Capital Bikeshare, National Zoo, Open City, Lebanese Taverna, Petits Plats and other restaurants and shops.”

2829 Connecticut Avenue Northwest murphy bed

You can see more photos here.

This studio is going for $239,900 ($426 monthly fee).

11 Comment

  • I had a Murphy bed in my first apartment I ever lived in on my own. Thought I’d hate it, ended up loving it. So much nostalia right now.

  • HaileUnlikely

    Not a clue about long-term potential for appreciation here, but appears to be a decent deal for a single person who likes the location, plans to stick around for a while, and desires to avoid being subject to increasing rents. The monthly will probably work out to be a bit higher than the estimator shows, though, as I suspect few who would want this can put down 20% (thus larger mortgage plus probably PMI).

  • HaileUnlikely

    I love the concept of the “Under $400K Friday,” but would love to see some on unrenovated but livable houses in areas where the neighborhood is generally not regarded as a/the selling point.

    • I dream of finding an unrenovated but livable 1 bedroom or even studio for $150-200k with low condo fees.

    • Check out far NE like Riggs Park, Michigan Park, North Michigan Park. There are a few unrenovated row houses and semi detached houses in those neighborhoods going for around $300k.

  • Maybe the camera is deceiving, but it looks like if they moved the kitchen opening to the side with the bed, they could have closed off the other side and put up a wall to make a fairly spacious 1 bedroom or jr. 1 bedroom. Seems odd to have the sleeping area near the door.

  • On a dollars/sf basis it’s not a bad buy, but there have been cheaper studios here and the condo fee is about 50-100% too high, probably because of the pool. .The balcony is a nice amenity but not very scenic. At least it’s not on the noisy side of the building on Connecticut.

  • I feel the same way about studios as I do about basement units – rent if you must, for a time, but buy? Never. The flexibility for your own life as it changes isn’t there, and I don’t think there’s ever as much appreciation over time as for one-bedrooms. When for a little more, you could get a one-bedroom down the road instead.

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