17 Comment

  • Ashy Oldlady

    How long till real estate values start to drop because of the sharp increase in crime? Or will that not deter people from buying? Is there any modern-day precedence for either scenario?

  • a_w

    I’m not trying to say it was a good or bad deal but that is a fantastic house.

  • This one is much nicer than that other place. And technically speaking, also pool ready.

  • I like this one, but am I the only one who’d be a lot more willing to pay a million bucks (assuming I had it to spend) for a house like this that was renovated by owners instead of a flip job? I always worry that they spent all the cash making it *look* pretty, whereas actual owner renovators would fix everything that needed to be done, like electrical, plumbing, roofing, etc.

    • HaileUnlikely

      I’m with you on that, but honestly would not have a whole lot more confidence in most owners than in most flippers to do things in a way that was safe and “correct.” Although I’ll stipulate that there exist a subset of flippers, who may well even be a majority of them, who do not take building codes and stuff seriously enough, I suspect that they vast majority at least have some inkling of the existence of various construction requirements, and it is by no means unheard of for a well-intentioned owner who has no awareness of how to do things properly or of the existence of standards for doing so to do things like remove a beam that they didn’t realize was structural, overload circuits, ground circuits improperly or not at all, etc.

      • My girlfriend’s house was owner renovated and it’s a mess. Some of it because of the last owner, and some of it because of previous owners. Just a patchwork of bad work on top of more bad work.
        I think the best case scenario is when the house is completely gutted by a reputable flipper.

        • HaileUnlikely

          The last owner of my house had a couple of friends replace the roof several years ago. I’m pretty sure her friends were not experienced roofers.

    • Agreed, it shows well. But we do not know what secrets are lurking behind those walls that the buyers will pay for later. But I do not think that an owner renovation automatically equates to electrical, plumbing, etc. being up to par. Contractors can do crappy jobs regardless who is (or is not) living in the home.

    • Yep — I felt myself getting seduced by the gorgeous photos, and was trying to remind myself: “But this is a flip! What if shoddy work lurks beneath those gleaming exteriors??”
      From looking at Street View, it looks like the developer added a substantial addition at the rear and side.
      Even with owner-renovators, if they did all of the work at the _end_ of their stay — rather than doing it and living there x years afterward — the same perils could apply. But I agree, it’s a less probable situation.

    • If you’re spending a million bucks on a home, surely you didn’t cheap out on an inspector? Sure, there are some things that just can’t be seen, but a good inspector can find tell-tale signs that corners were cut. If a cut corner (or missing permit or inspection) were found, deal off, THEN I don’t know what’s lurking.
      Then again, I have seen a lot of “inspection waived” comments flying around, so maybe people really are that dumb. At least if you’re going to go that route as a bargaining chip, pre-inspect!

  • The company who staged this house did a really good job! . Plus they have ample yard space, a lovely porch and attached parking, which are added bonuses. Being from Brooklyn, I know that a million dollars can get you a shell in what some may consider an ‘unsafe’ neighborhood. So the price tag doesn’t shock me, especially in light of what looks like a really nice renovation. City life = city prices.

  • Oh lord, that’s perfection. That kitchen kind of turns me on. …Is that weird?

  • I saw this house during the first Open and one of the things that shocked me was that they house was not zoned for multiple climate zones. Since the first open happened when it was still warm outside, it was very warm in the attic and chilly on the first floor, with the thermostat situated on the first floor (meaning you will never have a comfortable livable attic in the summer). That is a bad development move we faced in our house and it was very pricey to fix after the fact. Also, there is an addition to this house in the back which did not have a vapor barrier installed underneath of it. Finally, while nice, the hardwood was not sealed, only finished. Hopefully this was all caught pre-settlement. The house does wow you because it is pretty, but it’s in the foundational stuff where corners are clearly cut with developers across this city. It seems that you show most people pretty counters and kitchen cabinets and they lose all critical thought. We bought a flip here in Brookland and it was near the 800K price point – I will say that it’s a gorgeous home, but we’ve had to inject nearly $35K back into the house to fix very poor choices made by the developer/contractor on a very foundational level.

    • HaileUnlikely

      Good catches. Just out of curiosity, how did you discover that there was no vapor barrier under the addition? Is this area accessible or did you watch them build it and notice that they never installed one?
      Your experience having to spend that much to fix stuff makes me glad I bought a trashed foreclosure. At that price, I could afford to (and did) spend about $35K to make repairs. If my mortgage was more than twice as large and still had those expenses I would have been in deep financial doo doo.

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