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Dear PoP – If You Had $150k Where Would You Look to Buy?

by Prince Of Petworth July 1, 2011 at 11:00 am 73 Comments

“Dear PoP,

Are there any recommendations you can give to 1st time homebuyer with a meager budget of 150k in dc?”

Ah, this is a challenging one. Personally, I would look to buy in the SW Waterfront. There are a number of developments in the queue, the new Safeway, the new Arena Stage and you’re right on the waterfront not to mention you are also close to all the SE development. In a very quick search I liked this coop located at 1311 Delaware Ave SW:

View Larger Map

The flier says:

“Check out the new kitchen, floors and paint in this lovely and spacious one bedroom on 3rd floor balcony with view. Southwest DC is hot – walk to Baseball, marina, golf, tennis, Starbucks, Safeway, CVS, Five Guys, Fish Market, Arena Stage. Riverpark is a gated Coop community wiht outdoor pool and fitness room. Fee includes property taxes and all utilities, extended cable package. Parking $35 mo.”

You can find more info here and photos here.

This 1 bed/1 bath is going for $130,000 ($573 monthly coop fee).

If you guys had $150k budget where would you recommend?


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