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Good Deal or Not? Reader Request – Twin House and Another Crazy Price Reduction Edition

by Prince Of Petworth February 5, 2009 at 1:00 pm 40 Comments

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This home is located at 753 Gresham Place, NW:


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The flier says:

“RENOVATED home in the heart of Columbia Heights. 3-levels (nearly 2,500) of finished living space. Features include wrap around porch, high ceilings, BEAUTIFUL HW floors, (newer) windows, large living room, dining area, upgraded eat-in kitchen, Jacuzzi bath tub, bathroom on every level, fully-finished basement with 1BR, 1BA, recreation area, washer/dryer, walk-out to back yard. Hurry, won’t last!!”

More info and a virtual tour found here.

The reader writes:

Interested in your and your readers’ thoughts on the area between Columbia Heights & Park View, south of Petworth–and I’m not sure what the hard boundaries of either neighborhood are considered. If I had to draw a rough outline, I’d say Sherman as the western border, Park Pl. as the eastern, Newton Place northern border, Euclid as its southern.

I guess that’s Park View and its southern end–I just don’t really know much about what the neighborhood is like. I saw a listing for a renovated 3 BR with finished basement on the 700 block of Gresham Place for $249k:

Which (unless it’s a terrible renovation that’ll end up costing $$$ in fixes down the road), seems like a pretty good deal. But to be honest, that area has always seemed like a bit of a wasteland. Is there anything going on on Sherman? Any development plans? Safety issues? I don’t expect any area in a big city to be 100% safe, of course, just more concerned with outright gang activity the way there is around Girard/Fairmont closer to Columbia Heights.

I guess this is a twofer–GDON and any info you or readers have on Park View/Eastern Columbia Heights.

Well, for $249,900 this seems like a great deal. It was originally asking $499,900. I happen to think this is a pretty good location not because of development on Sherman Avenue but because of it’s vicinity to 11th Street. On Sherman you have a nice coffee shop called Coco Libre but I’m not sure of any other projects coming up. However on 11th Street you of course have Wonderland, Red Rocks, Columbia Heights Coffee, and the upcoming Meridian Pint (bar/restaurant) and Room 11 (wine bar). So I’m going to go with good deal. What do you guys think?

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