GDoN “Good size rooms” edition

1411-d-street-northeast

This house is located at 1411 D Street, Northeast. The listing says:

“Estate Sale.Big kit aprx 18×13 w/ w/d hookup. Original woodwork’ 6 ceiling fans’ transients above doors, architectural arches, pantry etc. Wonderful opportunity to enjoy Capitol Hill, exciting “H” St corridor, trolley etc. Walk or bike to Lincoln Park, Potomac Ave METRO, Eastern Market, Also near dog park & Bike Share Station. Has Good size rooms Rear Yard w/ lot of potential.”

kitchen

You can see more photos here.

This 3 bed/1 bath is going for $559,500.

21 Comment

  • Transients above every door. A centuries old staple of Capitol Hill architecture.

  • “transients above doors” is my new favorite typo. Looks like it could use some love, some updating, and a decent amount of work behind the walls (I’m guessing plumbing problems are why the ceilings are all painted and there are patches of wallpaper on the walls/ceilings?), but that’s a pretty reasonable asking price for a three bedroom.

    • Tsar of Truxton

      Looks like it needs a total gut. 560k is “a pretty reasonable asking price” for a place in need of a total gut these days? Yikes.

      • Based on my house hunting last year, yep.

      • You cant get plenty of nice homes in DC for that amount that dont need a total gut job.

        • Absolutely concur. This will probably sell for $440k +/-

        • I wish I could agree, but I have found that there’s a seeming $550k floor in most EOTP neighborhoods comparable to Capitol Hill. You can sometimes see a nice home listed for that, but they go fast and with competition. But anything below that disappears to a developer before it even hits the market.

        • Tsar of Truxton

          I know. I was more commenting on the fact that transplanted was accepting it was a good deal.

        • I don’t know. When we were shopping, we found the atmosphere around the few livable houses in the 550-600 range was so cutthroat and competitive as to be untouchable. There were so many offers we never stood a chance; there’s always someone who can offer more cash. At the end of the day we took a near-complete gut job that’s structurally OK (and has some gorgeous built-in details we look forward to restoring) in a neighborhood we love for 460k. I think 560 is way too high for this but it wouldn’t surprise me if someone took it.

  • Transients! ROFL

    Transoms!

  • Wow – I know the first rule of real estate is location (location, location), but geez – over 500K for a house in which every room will need to be touched, and likely has serious damage and old systems that will need to be replaced? Where are the Property Brothers when you need them…

  • Lordy, what a dump!

  • HaileUnlikely

    A few weeks ago I was the lone voice on a GDoN saying that a house in comparable condition somewhere around 9th or 10th or 11th & Florida Ave NE was priced appropriately for the current market when it was priced similarly to this. People were predicting that it would go for $100K or more less. It ended up going for over list price and did so in less than 7 days. That said, I think this one is too high – the other house referenced above was larger than this and generally had more upside (architecturally) than this one. I can’t see anybody but a developer going for this, and I think this is priced a bit too high for a developer.

  • While I won’t be incredibly surprised if someone buys it for sticker, that has more to do with how crazy DC real estate can be then with the valuation of the house.

    Given the location, and the fact it is probably a total flip, I’d say $450K would be more reasonable. There are livable houses (though a bit smaller) right there that sold for less than what they are listing now in the last three months.

  • A bit of a stretch calling this capitol hill but I guess thats what the city considers this area

  • I Dont Get It

    Thanks! I needed that post today!