GDoN “THE PRICE OF A CONDO!” edition

1850-l-street-northeast

This house is located at 1850 L Street, Northeast. The listing says:

“OWN THIS HOME FOR THE PRICE OF A CONDO! THIS HOME FEATURES A NEW BRIGHT GOURMET KITCHEN ALONG WITH MARBLE COUNTERS, NEW APPLIANCES, NEW HRWD FLOORS, AND NEW BATHROOMS. THIS HOME ALSO HAS ALL NEW SYSTEMS, NEW WINDOWS, AND A NEW ROOF. RELAX ON YOUR FRONT PORCH OR ENTERTAIN ON YOUR REAR DECK! THIS HOME IS FULLY FENCED W/ OSP & A ROLL UP GARAGE DOOR! JUST BLOCKS FROM THE METRO & H ST TROLLEY!”

inside

You can see more photos here.

This 2 bed/1.5 bath is going for $449,950.

11 Comment

  • HaileUnlikely

    And the size of a condo. Tax records indicate 840 square feet; photos appear to be consistent with that. And as far as I can tell, no basement. 840 square feet, period. I could see this appealing to somebody who prioritizes living close to the Arboretum, but otherwise, does not strike me as a good deal.

  • HaileUnlikely

    p.s. Somebody bought this for $159K in March of 2015 and sold it for $290K in December of 2015. Photos back then indicate it was pretty beaten up. Not sure if each of the past 2 owners did some of the renovation, or if it was all done by the March 2015 buyer, or if the March 2015 buyer experienced $140K of appreciation in 8 months without doing anything and then the second buyer did the reno. Anyway, weird.

  • As a neighbor I hope this goes for that. Its priced a little high but is also the nicest renovation I’ve seen in the immediate surrounding area. If they get anything over 420 its a win for neighborhood property values. Carver Langston is the last frontier in terms of affordable and walkable non-condo living.

    • HaileUnlikely

      Disagreed re “last frontier in terms of affordable and walkable non-condo living.” Comparable deals are abundant in the area just east of the Fort Totten Metro (I’d rate that as similarly walkable to this area), the far eastern part of Takoma (area around 3 Stars brewery; maybe slightly less walkable than this area) and the northwestern part of Takoma (just east of Georgia, more walkable than this area – average price is higher because many homes are fully detached and much larger, but there are also a small number of houses like this that sell for similar amounts).

  • Yeah, it’s a nice looking renovation, but the location, size and especially lack of a basement makes me think this is not worth the asking price, though I’m continually surprised by what people are willing to pay. I sold my house in Carver Langston (located at 19th and H) a few years ago for $375K, and it was 1200 sqft plus finished basement with bedroom and bathroom. It was renovated, though the finishes weren’t as nice as this house. I still have it on Zillow and only now is the Zestimate a little over $400K. Honestly, I was shocked I got that amount and would be equally shocked if the developer gets that asking price.

    • I won’t be shocked – condos this size are expensive, and many would prefer a house. Many also prefer a shiny fully renovated place (even those of dubious quality) to one that needs work, as they don’t have the time, money, or desire to renovate.
      .
      But I hate seeing a newly renovated kitchen with bad design. There’s that apparently blind useless lower corner cabinet space between the sink and dishwasher, a dishwasher placed so close to the sink that you can’t stand at the sink and rinse dishes and load the dishwasher at the same time. And although it is good to see the stove not shoved up next to the fridge as we often see, that fridge looks like it may be too crammed in the corner for the door on that side to open optimally. While all this is sometimes necessary when just renovating a small kitchen, there’s really no excuse for any of this in a fully gutted space such as this on appears to have been.

  • Added bonus, you get to live on the same block as Kathy Henderson!

  • Probably won’t sell at asking price but it will not be far off. Neighborhood had its drawbacks but will be a good money maker for someone looking to make good money when they sell in 10 years. Neighborhood still has lots of dumpy houses but changing as we speak.

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