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What’s a Fair Price for My Rental? – 739 Newton Place, NW

by Prince Of Petworth December 1, 2010 at 12:30 pm 28 Comments

Ed. Note: I’ve been getting a few inquiries like this so I thought it would be fun to start it as a regular feature. If you’re looking to rent a place out and are curious what is a realistic price send an email with ‘what’s a fair price’ in the title to princeofpetworth(at)gmail(dot)com. We can also do this for people selling their homes if interested.

“Dear PoP,

My apartment building is at 739 Newton Place, NW (between New Hampshire and Georgia Avenues). I think that all of the pictures explain themselves, but please let me know if anything puzzles you.

As for the apartment: The building as a whole was thoroughly renovated; the work was finished in 2007. My apartment is a one-bedroom with the bedroom being 10 feet by 10 1/2 feet in size. The living/dining area is 11 feet square. The apartment has hardwood floors. It has high ceilings and crown molding (is the term I have heard) that is reminiscent of the 1930s. What adds to the charm for me is the number of electric outlets (I do not have a number per room, but it would be difficult to use them all) and an ingenious lighting design that means that every time I need to light an area, an overhead light is there. The kitchen is state-of-the-art (granite countertops, a deep sink, a pull-out faucet, and GE Profile stainless steel appliances). The apartment has a stackable washer/dryer pair in a closet, and it has its own HVAC system (also in a closet). There is a coat closet near the front door and a reasonably good-size closet in the bedroom. As a whole, the apartment oozes charm, for whatever that is worth.

What the apartment is worth is a pressing question for me at the moment. I very much appreciate your helping me figure it out.”

Hmm, I’m gonna guess $1300 again. What do you guys think?


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