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Good Deal or Not?

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This condo at 1406 Corcoran Street, NW is a former “best spot for a morning cup of coffee?”. The flier says:

“Light filled duplex PH w/ nearly 1400 sf. , soaring 17 ft. ceilings, Travertine stone flr, 2BRs, 2BAs w/ large private roof terrace $ 2 terraces. Large open granite SS KI w/ gas cooking, gas FP, custom designed finishes and lighting and central air. Private one car garage with storage.”

More info and photos found here.

It was originally listed at $765,000 but is now on the market for $679,000. It’s been on the market for 187 days so I’m wondering if the new price makes it more reasonable? I’m also wondering – how long do you wait before you start dropping the price?

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