GDoN “features historic character” edition

This house is located at 126 Randolph Place, Northwest. The listing says:

“Great opportunity to own this spacious, renovated, 3-level, rowhome with basement apt unit in sought after Bloomingdale neighborhood! Home features historic character with contemporary design to include: hardwood and marble floors, custom kitchen, separate dining, 2 master suites, walk-in closets, fireplace, skylights, gated parking and more. Close to metro, bikeshare, shops/restaurants.”

You can see more photos here.

This 3 bed/3.5 bath is going for $875,000.

17 Comment

  • All that HVAC ductwork bulkheading and they couldn’t cover the kitchen hood vent exhaust? Cheap renovation, IMHO

  • Terrible photos and dated “renovation”. I say 778k after 45 DOM.

    • In a more rational market, sure. This will sell under asking, but it will without a doubt go for well over 800k.

      • Also, the new owners will spend a decent amount so the place doesn’t so loudly advertise all of the Home Depot specials responsible for the current look.

      • What does a rational market base pricing on, since it’s apparently not what people are willing to pay in your opinion?

  • The renovation is certainly dated (that bathroom! Green marble tile and a black toilet! A tiny flat screen TV over said toilet!!). Would cost a lot to update that unless you were willing to just live with the ugly for a while. Kitchen would do well with just some new or painted cabinet fronts. Ductwork seems a little haphazard, and not a lot of thought went into that fireplace thing. Hard to tell, but there might be some structural issues with the porch (or that just could be distortion in the picture, it looks like some sagging in places). That said, given the insanity in Bloomingdale these days this is not a terrible price for a perfectly livable TH with a rental-ready unit. Sigh.

    • Looking at the pictures, the basement may not be technically tall enough to get a CoO from the city. If so, that would certainly lessen the appeal.

  • HaileUnlikely

    The seller bought this house in 2000 and did a bunch of renovations in 2002. I don’t know whether all of the renovations were done back then or whether some were more recent, I’d be less harsh on an owner who renovated his own place and then lived in it for 15 years than I would a developer who is trying to pull off flip on the cheap. (That doesn’t mean I think it’s worth $875K though.)

    • This confirms my suspicion that this was a renovated by an owner/resident that purchased when this was not a neighborhood associated with high end finishes. Ironically, this type of reno is what many on PoP idealize, but when they see the fruits of this labor everyone wants a developer special with up-to-date matching finishes throughout.

      • That’s what I was thinking. If this were a developer reno, it would look a little nicer and cost a little more. Everybody’s too busy admonishing the market for creating house prices higher than 5 years ago and/or their podunk hometowns to actually appreciate this for what it is: a livable home in a hot neighborhood for what I think is a relatively low price.

        • “If this were a developer reno, it would look a little nicer and cost a little more.” Maybe… but developers often cut corners, and sometimes they do so with important things like load-bearing walls.
          .
          The bathrooms remind me of a Japanese “love hotel.” (Love hotels are known for their gaudiness and tackiness.) And I’m no fan of the fireplace… but I’m glad they kept stuff like the stairway woodwork and the unpainted brick facade.

          • “Maybe… but developers often cut corners, and sometimes they do so with important things like load-bearing walls.”
            .
            Owners cut corners when they’re just preparing a place to sell. Contractors cut corners when the owner hires them to do things and doesn’t stand over their shoulders watching them (or know enough to do if they wanted to). Owners do shoddy work when they physically do the work themselves and aren’t experts.
            .
            I don’t understand your point. Owning a home is risky. If you’re innately skeptical of developers, you should be willing to pay more for this house than had it been typically flipped, since apparently it’s worth more to you than one a developer’s touched. In that sense, this is a great deal for you. If you’re generally full of existential dread, then it’s also a good deal, because having to update all the finishes (which are probably old enough that you won’t feel terrible tearing them up) will give you an opportunity to see stuff behind the walls for yourself, or bring in someone you trust to do so.

  • look forward to the was it a GDON on this place. I think it is ambitiously priced but i think they’ll get their ask, especially with the (dismal) basement rental. people want to be in bloomingdale and be landlords and will pay a premium.

    • A premium over what? A premium over a different neighborhood that is cheaper? What does the word “premium” even mean if you are comparing it to something that is different in location, which is the only way that homes are actually valued?

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