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Dear PoP/Reader Requested Good Deal or Not?

by Prince Of Petworth October 14, 2008 at 11:12 pm 20 Comments

1223587376762_Euclid_1, originally uploaded by Prince of Petworth.

“I am really curious to know if you think this house is a good deal or no.

It’s on Euclid between Sherman and Georgia. I stopped by the open house this past weekend and they’ve done a great job with the renovation and kept a lot of the character of the house. There is no backyard – just a deck with offstreet parking underneath the deck in back. And it’s on an alley.

http://www.mlsfinder.com/kwls/kw/index.cfm?action=listing_detail&kw_id=4253897&domain=a241855.yourkwagent.com

Thoughts? Thanks!”

The property is located at 919 Euclid Street NW and is going for $399,900. The comments say:

“Absolutely stunning renovation with tons of character and historic charm! This three bedroom, two bath home has beautiful restored hardwood floors and woodwork, a brand new chef’s kitchen with granite and stainless steel appliances, a huge deck off of the kitchen and two new bathrooms with travertine tile. The master bedroom is sure to impress- with cathedral ceilings, exposed brick and three closets. The fully finished basement features a third bedroom, full bath and wet bar. The home includes off street parking and is conveniently located one block from Howard U and just a few blocks from U street and Columbia Heights!”

Wow, they had me at wet bar… Seriously, I do think this seems like a reasonable price. Personally, I prefer an end unit and don’t think it’s a big deal that it abuts an alley. I would suggest that you walk around the area a bit to see if you feel comfortable. I’d even suggest that you take the walk to the metro a few times if that will be your mode of transport. I think sellers are probably a bit flexible during these times so if you do put in a bid I don’t think it can hurt to go under asking maybe $350,000 and see what they counter with. What do you guys think?

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