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Good Deal or Not? “Beautiful three level condo” edition

by Prince Of Petworth June 17, 2011 at 1:00 pm 24 Comments

This condo is located at 1001 East Capitol St, SE:


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The flier says:

“Beautiful three level condo in 2-unit row house prominently sited on the southeast corner of 10th & East Capitol. Main level living room with hardwood floors and fireplace, open staircase, upper level MBR suite, lower level eat-in kitchen and guest suite. Lives like a single family home with professionally landscaped front yard and 1/2 block to Lincoln Park.”

You can find more info here and photos here.

This 2 bed/2 bath is going for $495,000. OK, what am I missing here? This seems like an insanely good deal. Am I blanking on something extremely obvious?

Across the street is a 2 bed/1 bath going for $449,000 (but it’s a lower level unit) photos here.

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