GDoN “Factoring in lack of Condo Fee, this is a DEAL!” edition

1519-north-carolina-avenue-northeast

This house is located at 1519 North Carolina Avenue, Northeast. The listing says:

“Cute & Cozy, Condo Alternative, Open LR/DR/Kit, w/ Coffee Bar, Granite and Hwd Cabinets, Stainless Appliances, Hwd Flrs, Stairs up to 2 bedrooms, Pocket door to Bath, Skylight, ceiling fan, paver covered back yard, has potential OSP, Central Air & Heat! Factoring in lack of Condo Fee, this is a DEAL!”

gdon

You can see more photos here.

This 2 bed/1.5 bath is going for $500,000.

12 Comment

  • Jeez, that’s narrow. Is that a spite house??

    • I don’t think so. Looking on streetview there are a series of 6 of these and they are all pretty much the same size. They were obviously not built for a more wealthy clientele and by wealthy I am talking white middle class. There are a lot of Hill houses that aren’t particularly big. My house is bigger (has a basement and was a 3 bedroom) and is a bit nicer (brick) but it was never really intended to be much more than a modest house.

      • I went to a presentation on housing segregation in D.C. a year or so ago, and one thing that was really interesting for me to learn was that the portions of Park View/Columbia Heights between Sherman Avenue and Georgia Avenue had been built without restrictive covenants (i.e., were open to black from the get-go) and were lower in quality/amenities (e.g., no indoor plumbing) than the housing immediately to the east of Georgia Avenue, which was originally open only to whites.

  • HaileUnlikely

    672 square feet and no basement per Redfin. If seeking fee-simple ownership in this area for minimum cost, this might be among the very few opportunities, but can’t bring myself to see $500K for 672 square feet as a deal.

  • Used to own a brick one on the Hill. They’re about 11 feet wide or, rather, narrow. Even for two people, felt like we were living stacked on top of each other.

    • Interesting, mine’s 17 feet wide, which is pretty standard for Capitol Hill, and it doesn’t have that feel. Guess those extra 6 feet make a big difference!

      • HaileUnlikely

        Yes indeedy. I trust that you know this, but 17 feet is more than 50% more than 11 feet. It’s like the difference between being 6 feet tall vs. a couple inches shy of 4 feet tall.

  • Yeah, that lack of a condo fee is great deal, assuming you don’t buy insurance on the house, don’t pay water and sewer charges to the city, don’t fix anything that needs to be fixed, etc. What do you think a condo fee pays for?

    • You still need to have homeowner’s insurance with a condo fee, and you still have to fix everything that needs to be fixed unless it’s in a common area or the building exterior.

  • There are plenty of 672 sq. feet condos around that feel far more spacious than this, and that I would rather purchase and live in over this house, even before considering that many can be had for a great deal less money.

  • The lack of a condo fee is an asset. The lack of a living room is not.

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