GDoN “Don’t wait” edition

2435 Monroe Street Northeast

This house is located at 2435 Monroe Street, Northeast. The listing says:

“Sought After Woodridge Community – Over 2500 square feet of finished space on 3 levels! Perfect project for Investor or Home Buyer. Garage, 4 bedrooms, 2 1/2 bas, granite, stainless steel appliances, updated cabinets & original wood floors. Space for rooms in basement w/separate entrance. Waterproofed basement & 12 recently added windows. Don’t wait. Cash or Conventional Buyers.”

inside

You can see more photos here.

This 4 bed/2.5 bath is going for $399,999.

13 Comment

  • This is a pretty good deal. The house appears to need some work, but seems livable. The house is proximal to Rhode Island Ave. and its commercial strip with Zeke’s/Nido/etc, but not close enough to be impacted by traffic. The house is a very quick walk to a bus stop serviced by the T18/T14 and soon the G9 to commute straight downtown, as well as the G8 right on Monroe itself (for more frequent, but less direct, trips downtown).

  • Great deal but this will go for significantly more…

    • Yeah, unless the disclosures contain something especially grim.

      • +1. This is a great deal unless there is a major problem not evident from the photos. There’s a ton of planned development on that stretch of Rhode Island.

        • The planned development is actually a ways southwest of there. Closest thing being built to this house is the library at 18th St. NE, and then the Ward 5 shelter and a couple residential buildings around 17th. There’s a small residential building proposed for the 1900 block of Irving (which is just a slight veer of Rhode Island Ave., but that still has to get through zoning and the ANC is protesting last I heard).
          .
          But maybe someday! RIA DC is obviously a big deal and could precipitate all sorts of stuff.

  • Woodridge is sought after?

    • I don’t know how sought after it is, but it could see demand escalate faster than many revitalizing neighborhoods just because the detached housing means less housing stock than all the rowhouse neighborhoods around it. It’s a real outlier on any density map of DC; nowhere near as separated from the booming neighborhoods as west of the park, but roughly as dense.

    • driftwoodridge

      There are very few low-crime neighborhoods in DC where you can still buy a detached house for less than $700-800k. It may be too small and sparsely inhabited to truly be “sought after”, but likely a good investment.

      • Not sure how you’re computing “low-crime”; if adjusting for the fact that there are just far fewer people in Woodridge, I’m not sure the crime rate is especially low.

        • driftwoodridge

          Feel free to check out DC crime stats: http://crimemap.dc.gov/. I’m not familiar with a source that has per capita data by neighborhood, but the fact that Woodridge is a sparsely inhabited neighborhood with few commercial areas that tend to attract crime doesn’t really count against it…

  • I stinking love this house. Reminds me of the old buildings of my dusty New England college. I would change very few things: spruce up the floors and paint, and maybe a new kitchen, but I’d love the old details. I hope whoever buys it doesn’t ruin its charm.

  • Disagree but may be using ‘development’ more loosely than you. Menkiti has planned commercial and residential going in north of South Dakota on Rhode Island, there are multiple new businesses planned for the stretch north of 18th, new condos at 16th and Rhode Island are up with significant room for expansion in that area. You are probably referring to the Brookland Manor development (which really isn’t very far away and certainly not “way southwest”) but there are plenty of planned projects north of that on Rhode Island.

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