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Good Deal or Not? Studio Edition

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This condo is located at 1718 P Street, NW:


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The flier says:

“Popular Webster House condo. Updates galore: granite counters, roomy kitchen, built-in bookshelves, California closets, fabulous flooring, balcony patio with western exposure, crown moulding, custom window treatments, pet-friendly, on-site rental parking, swimming pool, all utilities in fee, staffed front desk, walk to METRO, shopping, restaurants and more.”

You can find more info and photos here.

Well, it has been a while since we’ve looked at a studio apartment. The photos look nice but it is only 500 square feet. Does $249,750 sound reasonable given the location? What do you think of the layout of the studio itself?

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