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Good Deal or Not? “4 storey 1915 Classic” (Reader Request)

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This home is located at 2359 Ashmead Place, NW:


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The flier says:

“Handsome 4 storey 1915 Classic awaiting thoughtful, period repair & renovation. 3 levels have large ourdoor areas plus a prvt. garden. 5-6 abdrms. Garage onsite +1 pking. Desirable location: Kalorama.”

More info and photos found here.

The reader writes:

“Long time reader, first time emailer here – thought this would be a good candidate for your Good Deal or Not section. Those porches are incredible. My guess is the property gets grabbed by condo developers, but my wish is that it gets rehabbed to its former glory. Would like to hear what others think.”

Wow there are some amazing bones in this house. But like previous houses that needed some work – I wonder how much (moderate) renovations would cost. Any guesses? Do you think the current asking price of $845,000 sounds reasonable?

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