GDoN “a contemporary masterpiece” edition

This house is located at 4501 5th Street, Northwest. The listing says:

“Timeless modern meets urban sophistication! A new Petworth classic is born; a contemporary masterpiece by Urban Circle Homes! Every detail considered and well-crafted to last a lifetime! Main level open floorplan complimented by rich wood floors and sleek trim. Huge corner lot! Designed to live well and entertain fabulously! Close to Metro, shopping & restaurants.”

You can see more photos here.

This 4 bed/3.5 bath is going for $799,900.

27 Comment

  • Pass. It’s really small for a 4 bedroom and for $800K they could’ve at least put in grass and a fence. Also I dislike the floating vanities in all the bathrooms (one looks exactly like a file cabinet – what?) and the grey poles in the main living space. Kitchen’s nice and I could even get on board with the effect on the exposed brick, but I wouldn’t spend $800K on this house.

    • I would agree with you, but this place went for above asking and is comparable in terms of aesthetics and lot IMO. That house claimed to have expanded from the listed SF to about 2k. That’s my guess on this place as well if you count the lower level as living space. The poles in the main floor are unfortunate, but I think of my sagging house and wonder if they shouldn’t have done something like that, ugly as it may be.

      I was on board with this place and getting a bit jealous until I saw that they did to the outside. What even is the point of a corner lot if you have no yard.

      • I think that one on Buchanan is significantly nicer, in that they didn’t obliterate all of the original charm and the yard/deck is usable space from day one. I also think that if it closed September 29 they probably bid on it in August, and the prices are quite a bit cooler now than they were in the summer. But time will tell!

        • I think “niceness” is hard to tell in pics. Buchanan was ok inside. Yes, professionally done, but you can always see where corners were cut or things were rushed when you’re actually in the property. On another note: Woah. Went back to previous listing and now see that they completely leveled the yard. This seems like an expensive decision. Also that tree is basically *in* the house and needs to come down.

          Price-wise, Yes, we’ll see! I thought Buchanan was priced very high, but then it went under contract in 10 days. Makes me feel less bad about what I paid a year ago on the same block for a bigger house with a real yard.

      • I think this place is more comparable and hasn’t sold. It really makes me wonder why. They dropped the price and still nothing

        • I haven’t been in that house but also noticed it’s been sitting. Because what else have I got to do besides obsessively monitor real estate in my micro-neighborhood. I find the hot tub to be extremely weird, something I would want to pull out. Back patio area looks tiny regardless. And I think it’s staged and photographed poorly. Plus you’re on top of the houses next to you, making the windows on the sides only semi-useful.

          • I do the same thing. That blue house on NH that sold 6 months ago blew my mind with what it went for. So, I’ve been trying to pick this one apart too to figure out what the deal is, mainly because I want my house on Taylor to sell easier if I decide to move in a year or two. I met the Realtor when I was walking my dogs the day of the first open house. He didn’t seem to have a lot of confidence it would sell for the original asking price. I wonder what he thinks now.

          • HaileUnlikely

            Just looked up 734 Varnum on DC’s PIVS system, and it shows that they got all of the appropriate permits for the reno (or at least plausibly so, as they had lots of permits of different types), but the only inspection that they had was for plumbing, and they failed the inspection. Never passed plumbing inspection and never had inspections for gas, electric, mechanical, or building. Does not inspire confidence. Not having inspections done (or even failing them) doesn’t usually seem to prevent sales, though – perhaps there is other blatant evidence of shoddy work in there.

          • That’ll do it. Thanks for posting that Haile

  • The exposed poles and the lack of secured parking (why wouldn’t you install a fence around that pad?!) make it seem like they deliberately cut a few corners in the name of saving $$ on the reno.

    • I wouldn’t want a fence. On the other hand, I wouldn’t want a giant concrete pad, either. Other than that I like the house, and I think it’s in the ballpark for market price nowadays.

  • What was the purpose in destroying the entire yard? They could have left the front and side yards and still had parking in the back. Then there’s that horrible gray color….ick.

    • What the hell was the developer thinking here? That yard looked nice before. I actually think this is nice otherwise, but I would ask the developer to completely re-sod the yard, plant a tree or two, and put up a wood fence around most of the lot.

  • Neither contemporary nor a masterpiece. When will agents learn that words have meanings?

  • This is a perfect example situation for a curb cut out to allow the cars to park from the street vs the alley. Also, a wrought iron fence from the front and around the side of the home would is needed. I’m guessing they feel the owner would eventually do it on their own, but at that price- I’d expect it to already have it.

    • I don’t think the house currently has a curb cut — the one I see in the photo leads into the alley that’s adjacent to the parking pad. This house is served fine by the parking pad; there’s no need for an additional curb cut,

  • HaileUnlikely

    I am glad to see that the developer bought this on the open market and that it was on the market for several months first. I can’t help but resent it when developers buy up properties pre-market and flip them, but it appears that this previously was actually a house that nobody else would buy. Thus, while I don’t particularly desire this house and think this price is too high, I don’t despise this the way that I despise most flips.

    • I think this is happening a lot more. Mostly because lower income people are becoming more aware of the real estate market. It used to be developers could knock on doors and before too long would find one where the occupants would be thrilled to get 250 or 300k for their house. Now the opposite is happening. I have neighbors who have owned their houses a long time would like to move, but have really outlandish ideas about how much they should get because that’s what flipped houses are selling for. They have no idea that (a) their house is a complete gut job, or (b) how much that would cost.

      • My next door neighbors are living in that unfortunate make believe world right now. Trying as hard as I can to let them down easy.

    • Not really sure why you’re cool with a developer flipping a property, as long as it sat on the market long enough to satisfy you that no private party would buy it.
      If a developer gets to a property before it comes on the market, that developer is just beating out other developers anyway. It’s not like if the house goes on the market a private person who plans to live in the home is going to beat an all cash quick closing offer – which is what 95% of developers would make.
      I will bet that this (or some other) developer tried to get this place pre-market and couldn’t – probably because the owner was asking too much.

      • HaileUnlikely

        At least this one did not successfully deprive a normal person from the opportunity to make an offer first. That is a difference for me, even if that difference is unimportant to you. That is all.

      • I don’t know why anyone wouldn’t be “cool” with a developer buying a property. The fact is the vast majority of old houses in Petworth are in need of very serious, sometimes hazardous, and often financially risky/uncertain work. Very very few prospective homebuyers have the time, resources, or skills to take this work on (or to contract it out). The developers are doing a service to the neighborhood.
        It can be a bummer when all the undeveloped houses are going pre-market or to all cash buyers. It is nice when the few buyers who do want to take on the herculean task of rehabbing have the opportunity to do so.

        • HaileUnlikely

          Exactly. I bought my house through the Fannie Mae HomePath program, which for the first 21 days on market only accepts offers from buyers willing to certify that they are not investors and will make the property their principal residence within 2 months and keep it their principal residence for 12 months. (If it doesn’t go under contract to somebody meeting those criteria in 21 days, then they open it up to investors.) I was the only legit owner occupant who put in an offer, yet I almost lost out to four investors who fraudulently represented themselves as would-be owner-occupants, including one who owned 30 other houses in DC and another who bought another house through HomePath less than a month before. Fortunately the folks at Fannie Mae did their homework and rejected those offers. I spent about $30K fixing it up. My house is admittedly less nice than most developer flips, but buying it this way and fixing it up myself was pretty much my only chance to not get priced out of DC. Greedy sh!t like that is why I strongly dislike when developers buy stuff pre-market.

    • I’m not sure if that’s the case – when it came on the market in February, I called the listing agent immediately and was told it was under contract (the day it was listed), and that I could submit a backup offer. I wasn’t contacted in June when it was relisted, and don’t recall seeing it come up (although perhaps it did). While I don’t know that there was anything improper in this sale, I can say there are quite a few transactions that appear to be open market, but are brokers selling directly to developers, sometimes below what it would get on the open market.

  • At least there are no vessel sinks.
    I thought it generally wasn’t considered wise to expose brick that’s on an exterior wall because it means less insulation, no?

    • This may not be exposed brick. It seems to be in very good condition, whereas a lot of exposed brick in petworth homes is very rough looking since it was never mean to be exposed. This is why interior exposed brick is sometimes painted over. I suspect that the builder used brick veneers. These can look pretty good and are sometimes made of “vintage” brick.

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