GDoN “Two level condo” edition

This unit is located at 343 Cedar Street, Northwest. The listing says:

“Two level condo with open floor plan. Conveniently located within walking distance to Takoma Metro, local shops and restaurants. Underground parking for two cars as well as a large dedicated storage space. Beautiful kitchen with upgraded appliances, granite countertops, open to dining room. Lots of windows with an unobstructed view of the city!”

You can see more photos here.

This 2 bed/2.5 bath is going for $419,900 ($530 monthly fee.)

8 Comment

  • I really like this but I hope it’s soundproofed seeing how it’s right on top of the metro station.

    • I think that’s the same building that I looked at a few years ago when a different unit was for sale. You couldn’t even hear the train from inside, though of course the patio which faced the tracks was not particularly peaceful.

  • HaileUnlikely

    Only major negative I can think of here is major train noise (talking about freight train, not metro). If you prioritize proximity to Metro and red line is good for you, this is probably a good deal, if ok with the train noise. If you don’t put a substantial premium on being right on top of the metro vs. a few blocks away, you can find a whole house, which will be habitable but which you might desire to renovate, for about this price and without the $500/mo fee, within a few blocks of here.

  • Is the great big balcony shown in the first photo just a tease then?

  • The proximity to Metro cannot be beat. And this is a well-run and friendly building.
    GBinCH, the balcony is on the front of the building, not this unit.

  • I could be wrong, but isn’t the monthly fee kind of high for this kind of building?

    • HaileUnlikely

      Personally I’d rather own my own house and accept full responsibility for maintaining it than buy a condo and be financially tethered to my neighbors in that way, but if one decides that one wants a condo, I don’t think this fee is a priori unreasonable. The unit is huge by DC standards (over 1100 sqft), the total number of units is not that large (some costs are related more directly to the physical size of the building than to the number of units, e.g., exterior maintenance like roof repairs) , reserve funds take a while to build up, and repairs cost money. I’d at least want to investigate the status of their reserve funds, whether they have done a reserve study, and what the fee covers, and I’m not a condo guy anyway, but they’re building appropriate reserve funds and are generally on top of things, I’d be fine with this fee.

    • Some of the fee is for the parking spaces in the garage.

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