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Good Deal or Not? “one of a kind 1860s home” edition

by Prince Of Petworth November 23, 2010 at 1:00 pm 13 Comments

This home is located at 937 N St, NW:

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The flier says:

“REDUCED $100K-BEST DEAL!! Restored w/ antiques one of a kind 1860s home w/ huge addition. 4 bdrms/4 ba & fam rm. Gourmet kitchen with honed granite counter top that seats 4.Front & Back staircase. Swing backyard space w/ custom Mahogany doors and 2 CAR PARKING!. Brick/Stucco Wall. Historic Naylor Ct. Heart pine antique flooring. Luxury Baths. MTV Sq/Convention Ctr Metro.”

You can find more info here and photos here.

What do you think of the home itself. Think it’ll go for the new asking price of $1,099,999?

For those looking for a bit of a cheaper option – across the street at 940 N St, NW there is a 2 bed/2 bath going for $519,000.

  • That Booty

    Too expensive.

  • AS

    I’ve seen this house- BEAUTIFUL. The owner did a fantastic job updating and expanding it while keeping it’s antique charm. It’s really big and really unique, just really out of my price range…

  • WDC

    Hmm… Looks like the house has forced air, but also radiators. Did they just keep them for looks, or is it dual systems?

    I think I like it, but it’s hard to tell from those awful photos.

  • Ben

    Some sellers still think it is 2006. Doesn’t matter how beautiful the house is, you’re still paying $1.1 million for four bedrooms in Shaw. That’s lunacy.

    • Tres

      Lots of stuff this far East has been selling for $1 million. The lunacy would be in not taking an honest look at what people are paying around here and what that trend means. In not too long, people are going to be bemoaning the $1 million 4 bedrooms on 7th, and then 5th…

    • dc_publius

      $289 per square foot is hardly lunacy. In fact, most places deep in the hood in Shaw are selling for more than that.

      The tiny place across the street for 520K is almost $600/sq foot – now THAT is overpriced.

  • Chris R

    3 recent sales in Shaw well over a million
    1233 10TH St NORTHWEST Sold 9/30/10

    Sold on Nov 12, 2010

    1312 R St NW
    Sold on Sep 16, 2010

    • JS

      Those latter 2 are 3/2 blocks from 14th and P. I’d be willing to wager they’re considered Logan Circle, not Shaw. Those houses are much closer to the main commercial strip than this one is.

  • DCFast

    Let’s be realistic — 1342 Corcoran and 1312 R are not in Shaw. I do think 1233 10th may be considered Shaw/ Mt. Vernon.

  • GeorgiaAve

    I agree that the pricing is out of the range for Shaw. Plus the one comp given that seems to be no doubt in Shaw is a very large house.

    Speaking of size I noted that the listing claims the house is 3800 sq feet – that’s huge and may not be accurate. I looked at the property tax database and saw it is listed at 3100 feet. That’s even high but more in the range of possibilities. If your house is much larger than the average house in the neighborhood, you’ll never get the same $/sq foot ratio as smaller homes.

    All that said, it does look like a nice house. Fantastic kitchen. I like the combo of central AC with radiator heat – that’s the best way to go if you want to keep your original floors and not have patches. Plus radiator heat is the best!

  • Chris R

    Shaw is a large neighborhood that contains Logan Circle just FYI for people new to this city…
    Anything east of 15th street is technically Shaw.
    And for real estate appraisal purposes anything within 1 mile in a city is a valid comparable.

    • Anonymous

      REALLY? Within a mile? REALLY?

      My house, one mile in another direction, would be worth four times as much.

      I just have to disagree with the assertion.

    • A

      Yeah, I don’t know much about how appraisals work, or what the boundaries of Shaw technically are, but in terms of what people will pay for a house the exact location makes a difference. 2 of the houses you posted are about 1/4 mile from Whole Foods, and this one is over 1/2 mile. Yeah, in the scheme of things the houses aren’t very far from each other but little things like really affect the price a lot.


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