GDoN “Quaint…with tons of renovation potential” edition

1248 Faraday Place Northeast

This house is located at 1248 Faraday Place, Northeast. The listing says:

“OPEN SUN 4/21, 2-4pm! Quaint semi-detached Colonial Home offers 3BR/1.5BA. Bright open layout with tons of renovation potential – including original wood floors under carpeting on main & upper level, finished basement with rear exit. Private backyard boasts patio, side yard w/ storage shed & 2-car parking. Conveniently located next to Fort Totten Metro, Fort Totten Square Supercenter & more!”

Gdon

You can see more photos here.

This 3 bed/1.5 bath is going for $299,000.

33 Comment

  • Another entry in the “apparently colonials are popular, so let’s add that to the listing for SEO-purposes regardless of architectural accuracy” file. That wallpaper is pretty boss, though.

  • maxwell smart

    ” tons of renovation potential” aka there is literally nothing worth saving here. Gut and start over. Yikes!

    • that chandelier i think i might keep… and the tacky metal divider in the living room is pretty dope in a East LA sort of way

    • Doesn’t need to be gutted == just needs to have the paneling removed, have the carpeting ripped out, and be repainted.
      .
      And remember, paneling like in this kitchen was once (unbelievably enough) a hot trend. Someday the kitchens circa 2010-2015 with the super-busy backsplashes are going to lo look as outdated as this paneled kitchen does today.

      • For a diy-er who might look at a place like this, paneling *can* be painted! If it’s “shiny,” you have to “scar” the surface first so that it will hold paint, but a cheap rental of a sander will accomplish that in next to no time. The house I lived in in high school had paneling, and when my siblings and I said “yuck,” my mom consulted with a handy neighbor who helped us out on painting it on the cheap. On a permanent basis, I assume most people would replace, but as a temporary solution while you work on more pressing renovations, a few hours with a sander and a coat of paint will make it less dated.

        • Finally found a place with worse carpeting than my first efficiency (red/orange/yellow shag carpet that had survived at least one flood).

      • Most of the kitchens flipper renovators put in houses today ALREADY are dated looking.

  • I kind of love this place. Redo the kitchen, strip all the carpet, but man, that metal room divider and wallpaper downstairs are fantastic.

    • Agreed. The kitchen is terrifying but the living room is kinda cute.
      What’s going on with the carpet though? Did the sellers assume whoever buys is going to rip it out so they sliced out a rectangle to show the hardwood’s in good shape?

      • Almost certainly yes to cutting/pulling the carpet to show the hardwoods underneath.

      • Yes, but they should take it all out so you can see the condition for he floors under the carpeting – whether there are water stains, or stains from pets that will require removal of floorboards and replacement as one finds in many maltreated homes, or if there are bad wood patches anywhere. Not sure what the point is of starting to rip up the carpeting but not taking it out altogether is here, except sheer laziness. In any case, I hate every row house losing where they leave carpeting in – I want to see the condition of the floors I am buying.

        When I sold my place, I actually sent my area rugs to the reg cleaners, just so buyers could see the (beautiful) condition of the floors throughout – and not have to wonder, as I did when looking, whether those area rugs were hiding anything. I’d never consider buying anything with carpeting. Unless, for a cheap price like this, you just factor in the cost that you might have to replace the original old floorboards. Problem is, I far prefer original old boards to new ones.

    • And the chandelier, which I wouldn’t typically like but it’s perfect with the wallpaper!
      .
      But it that plastic on the room divider?!?

  • Not what I’d call quaint, but I do agree it has renovation potential. So much of it needs major renovation.

  • This looks like Queens.. or somewhere in a borough of New York City

    • This reminds me of Silvia Fine’s apartment in Flushing from The Nanny. I actually like the chandelier and the wallpaper.

  • I Dont Get It

    Am I having an acid flashback?

  • houseintherear

    omg this is so epic!!

  • I like the tile in the bathrooms.

  • The hot pink carpet is the stuff of my 5 year old daughters dreams.

  • When I was shopping for my house 10 years ago I started with lower priced houses in NE and encountered similar décor. Think walls of gold-veined mirror tiles, orange shag carpet, Z-brick (also featured here!) The best was the ginormous orange hot tub in the laundry room nestled tightly between the washer and water heater. Oh, there were candles.

  • HaileUnlikely

    The days of being able to buy a fixer-upper at this price point and fix it up yourself are rapidly coming to a close, especially at this proximity to a metro station. Somebody with a $400K budget could do a top-notch renovation of this house for well under $100K and end up with something way nicer than any fee-simple house that they could likely get this close to a metro station for $400K. Somebody with a budget of $330K who is willing and able to invest some sweat equity would also do well to consider this.

    • +1.

      That is why this will sell. I get it that people like the finished product but that comes at a high cost with all of the homes equity going to the flipper.

      With this, you can build in your own.

      • HaileUnlikely

        I would have put an offer in on this if I didn’t own a house already. My house was in much worse condition than this when I bought it, and I was able to make it a comfortable home (not spectacular but comfortable and livable and presentable enough to show to guests) for about $30K plus a whole lot of sweat equity on my part. Houses pretty much identical to this now go for just under $400K in my neighborhood (nothern-most tip of Takoma), which would have been too much for me to swing and still be able to afford any significant renovations.

    • I don’t know this neighborhood very well but it seems like a great deal. You can get similar places EOTR but they usually go for a bit more.

      • I’ve been seeing a lot of homes (closer to the Metro) in this neighborhood pop up in my “you might like this” emails. They generally go for somewhere in the upper 300’s-low 400’s renovated. So, this isn’t a bad deal in that regard.
        .
        And…given that this is close enough to the “going rate” I’ve seen in the neighborhood, this might, indeed, be the rare time when you could buy a fixer-upper without getting out-maneuvered by an all-cash flipper/developer. The margin is kind of thin, so it might actually sell to an occupant/renovator. Question is are all major systems in good working order/have significant lifespan left on them (not new, but not broken/about to break).
        .
        My family’s home would have totally looked like this if they let 6-year-old me decorate. My obsession with everything neon (or as we called it “hot”…”hot pink,” “hot blue,” “hot orange” (because orange needed to be even brighter?)) was the stuff of legends…

        • HaileUnlikely

          Agreed regarding systems. It’s easy enough to find out. And even if not, it might still a good deal for somebody whose max budget is somewhere in the mid-$300K range. If the wiring was aluminum and plumbing was cast iron and was severely corroded or there was evidence of significant problems with the foundation, I’d probably pass, but if copper wiring and pipes in ok condition and foundation in ok condition, everything else can be taken care of cost effectively enough and on your own timeline.

          • I looked up a more detailed listing, and it lists the place as having forced air natural gas heat and central air, so some updates have been made. The kitchen appliances don’t look terribly old, so this may well be a case of well-kept but outdated decor. Honestly, the living room carpet and wallpaper appear to be in good condition, so nothing about this screams “run away” for a diy-er. Of course inspection would reveal condition of pipes/wiring/roof/etc.

          • This is very much like my 1st house in Alexandria. “Move in ready” and dated but nothing terrible if you’re willing to put in some sweat equity and make improvements over time. That house was also built like a fortress- concrete block + brick veneer, and steel beams. No interior load-bearing walls, so it was like a blank slate if you want to do that. If I was in the mood to buy again I’d be looking for something like this.

  • My old college roommate family lived on this block right at Sargent Road, NE. This area is called Michigan Park and it’s always been a nice quiet area. However, the homes are small, but it’s perfect for a single person or a couple with a small family.

  • Like the carpets on which I watched Charlies Angels in the 1970s.

  • It looks like Tory Burch lives there.

  • This is a great deal for someone who doesn’t mind doing some updates. Nice neighborhood.

Comments are closed.