GDoN “corner unit on a quiet street” edition

1820 Clydesdale Place Northwest

This unit is located at 1820 Clydesdale Place, Northwest. The listing says:

“City life at its best! Light filled, 1 BR corner unit on a quiet street. Ideally located between Adams Morgan, Columbia Heights, and Mount Pleasant! Enjoy high ceilings, open kitchen, wood floors & lots of storage. Claw foot tub. Close to Red/Green/Yellow Metro lines and Rock Creek Park. Bike storage in bldg. Storage unit. Steps to the Zoo and an array of shopping & dining options.”

GDoN

You can see more photos here.

This 1 bed/1 bath is going for $274,900 ($408 monthly fee.)

20 Comment

  • Actually seems like quite a good deal. HOA is a little high, but still a nice unit in a nice location for $275k is a deal.

  • Is this a Coop or a Condo?

    • HaileUnlikely

      Coop. Note that the fee includes owner’s share of property tax (because in a coop the entity that is taxed is the cooperative as a whole, not the individual unit), so that is effectively worth roughly $150/month or thereabouts.

      • Probably a bit less than $150/month (coops are assessed differently from condos) but the amount is tax deductible. Another piece is likely to be the underlying mortgage which is used to finance capital expenditures over a long period–that will likely decline overtime (which ups the equity) and the teax on that is deductible. The only problem with underlying mortgage is that if they take out a new one it may slow your ability to build equity.

        • HaileUnlikely

          Right, the actual amount of the fee that goes toward taxes would be less. What I meant was more along the lines of , “if an equivalent unit were a condo rather than a coop, your property taxes would be in the ballpark of $150/mo, but here, you do not have that additional cost on top of your fees, your fees cover it.”

          • Duh .. yes, that should have been obvious. Because its not like anyone owning a coop ever pays a tax bill – so, yes, your comparison being to a comparable condo was obvious to me.

          • HaileUnlikely

            You would be amazed by how many people do not know this. The first commenter above thought the fee seemed high. I don’t know but guess a condo with a fee of $255 would not have registered as high. That is my point. If you already knew that, that’s wonderful. I’m happy for you.

          • I DO know how many people don’t know this, and I also point it out all the time. I was referring to your second post, in response to Rich, about comparing taxes on a coop with a comparable condo, because it really doesn’t matter if coops are taxed lower, all that matters is why you monthly outlay is. . But, hey, if you need to get defensive and snarky for no reason, go right ahead…

          • I DO know how many people don’t know this, and I point it out all the time! My comment was in response to your reply to Rich – I was saying it really doesn’t matter that coops are taxed lower, as all that matters in a comparison is what your monthly outlay for fees and taxes is. But, hey, if you want to get defensive and snarky to a positivity response for no reason, go right ahead….

          • Accountering

            @anon – you are the one who started your comment with duh ..
            .
            Which by its very nature is snarky and condescending. Pot, meet kettle.

          • but it wasn’t addressed to Haile – but to Rich’s pointing out that coops are taxed lower, which actually makes no difference. and Rich knows about coops, a lot, so I think can get that. But, feel free to butt in…

          • HaileUnlikely

            I responded in the manner in which I did because I thought it was addressed to me, but sometimes this forum places my comments other than where I expect or intend them. I thought Rich provided additional helpful perspective as well, e.g., I hadn’t thought about the underlying mortgage either.

  • I’ve looked in this building in the past. It’s a very basic place, but seems well kept and very well located.

  • I wonder how many people who romanticize claw-foot tubs actually have lived with one in their only bathroom. Speaking from experience, it has its downsides.

    • Had one in my twenties, no problem. A few decades on, with sometimes knee problems, and generally less agility, no way.

    • Agreed about the downsides, but I still love them

    • Grew-up with one in a 1920s house. Had one in one of the bathrooms in my Craftsman house in Atlanta. Other than the materials being better than most new tubs, I can’t think of a reason to have one now. Frankly, I’d rather have a stall shower as my only place to bathe than anything else.

  • This is really nice staging

  • Looks very nice. The price seems to be on target.

  • Hey I know the home owners!

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