GDoN “large penthouse condo” edition

1010 Massachusetts Avenue Northwest

This penthouse is located at 1010 Massachusetts Avenue, Northwest. The listing says:

“Stunning 2BR/2BA penthouse condo w/ amazing views in one of Washington’s most sought after neighborhoods. Showcasing an open & airy floor plan accented by custom upgrades throughout this large penthouse condo. Very large master suite includes access to the private terrace & sitting room complete w/ hardwood floors, large walk-in closet, & en suite bath w/ double head shower.”

GDoN

You can see more photos here.

This 2 bed/2 bath is going for $1,795,000 ($1,181 monthly fee.)

19 Comment

  • I have a hard time understanding this price. A very nice one bedroom (875 sq ft) on a high floor just sold in this building for $595k. While this unit is more than twice as large and has better outdoor space, I can’t see a justification for it being three times the price. Also, for this amount I’d want real hardwood floors throughout.

    • My thoughts exactly. Overpriced for the building, and I’d much prefer hardwood floors in the living area to that tile.

  • HaileUnlikely

    It isn’t for me, but I’ll concede that there is plenty to like here. When I think $1.8M, the first things that come to mind are not track lighting and bulkheads, though.
    .
    On another note, holy heck, the condo fee is almost exactly the same as my mortgage.

  • Comment Artist

    Let’s not get carried away here. It’s not sought after by everybody.

  • I hope this is a realtor error. According to Zillow the house last sold in 2013 for $560k. It would be a pretty big jump to $796k. I have a hard time understanding a $1.2 million increase.

    Of course Zillow may have something wrong since the original sales price is listed as $1.4 million.

    Regardless, wildly overpriced.

    • I think that’s a mistake. It’s on Redfin too, but if you look at the listing that sold in 2013 it’s a different unit. This unit looks like it sold in Nov. 2007 for $1.498m (which also seems too high, though it was the very peak of the market).

      • All the original buyers in this building got HOSED. They bought at the tippy-top peak of the market for way too much money. I’ve personally met two buyers from this building and it utterly ruined their personal finances.

        • That sounds like those buyers purchased something they could not afford if buying the unit “utterly ruined their finances”. It seems that other units there have appreciated in price since the initial sale.

          • No, not necessarily. If you bought a house at the top of the market for say $700k and were approved, put 20% down, etc. but that same house is only worth $500k today it’s not because you couldn’t afford it. I don’t see it as much in DC proper, but I definitely still see it in the suburbs.

          • Except that doesn’t seem to be the case at this point. All of the recent sales have sold for well above the initial selling price.

          • What Formerly PVR said.

          • Both of them lost their jobs in the Crisis – one was a real estate agent and the other was an architect. Boom go bust. They couldn’t keep up on the payments. It could happen to anyone, especially if you had a major health issue and a job loss at the same time.

          • Sorry to hear about these folks’ nfortunate situations, but I don’t see how they got “hosed” here any more so than everyone else who bought at the peak.

  • Also not in Logan Circle.

  • Just no. This may be close to a desirous neighborhood, it’s a bit in no man’s land. There are units far superior just behind it in City Center, and Penn Quarter not even counting The Wardman and other new buildings. For that HOA you get virtually nothing in amenities. I don’t see this as 2 bedroom getting anywhere near $1 million more or less close to $2 million.

  • That house on Lamont street that was the gdon from yesterday looks like a steal compared to this.

  • All that money and the best the “decorator” or homeowners could do is the same, tired (though pretty) Taittinger champagne ad that every other person has in their apt?

  • I have been in this unit for a social event, and I have to say it is pretty spectacular. It is huge, as is the outside deck. The view is incredible, and I don’t think the photos do it justice. That said, even if I COULD afford a $1.8M home, I certainly think I would choose a row-house over this. Much better value for what one could could buy at that price – some pretty stunning homes – and not stuck with a condo fee of this level.

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