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Tues. Afternoon Rental Option – Bloomingdale

by Prince Of Petworth — December 11, 2012 at 3:00 pm 18 Comments

This rental is located at 101 U Street, NW:

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The listing says:

“Trendy LeDroit Park! Fabulous 1 bedroom plus large den,/huge foyer entrance can be used as a living room, lots of extra space in unit, washer and dryer plus a large eat in kitchen with rear entrance/exit into shared rear yard***Walk to Howard U, “Timor” Organic Grocery, Bloomingdale Farmer’s Market… Window’s Cafe and more!It’s not just a home…..It’s a LIFESTYLE. Pets welcome. Utilities included”

This 1 bed/1 bath is going for $1,500/Mo.

  • Bad Deal

    I say bad deal as you can still buy a house in that area(friend just did) for just a little bit over 2k a month on mortgage vs 1500. on a 1bd/bth rental.

    • Anonymous

      Not disagreeing about whether or not it’s a bad deal–I don’t know enough about the neighborhood and comparable rents–but I think it’s really hard to make an apples-to-apples comparison between a monthly rent and a hypothetical monthly mortgage payment. For one thing, the mortgage payment on a house doesn’t take into consideration any maintenance costs, which could be substantial and which don’t exist with a rental (or at least, those costs don’t exist for the tenant). For another, there are a number of different reasons why someone can’t or doesn’t want to buy a house instead of rent–no savings for a down payment, lackluster credit, wants to try out a neighborhood before committing to ownership, in town on a relatively short (1-2 years) work stint, or just wants the flexiblity and mobility for job or personal/family reasons.

    • Anonymous

      your friend either bought something that’s falling apart or he put like 50% down

      • Bad deal

        No and No….do search.on comps and do the math..you can own over in Bloomingdale for under 2500. Mortgage plus interest savings. Even better if you get a roommate especially if one was considering a one bedroom apt.

        • Anonymous

          You forgot property taxes and insurance, which add about $400-500 to the bill on a property at that price. And repairs, which run around 1% of the sales price a year–more if it’s got older equipment or is rundown.

        • Anon X

          Fact: nearly everyone who calculates “interest savings” calculates it incorrectly.

          • Mortgage interest deduction is going away/being severely curtailed anyways, so I wouldn’t factor that into any long term calculations. Free markets, fiscal deficits, and all that jazz.

        • Anon X

          Further, looking at a rental place for 1500 and saying “well its a bad deal because you can buy something that will cost 500 more a month (and then go on to say 1000 more a month). 500-1000 dollars/moth is a lot of money, especially on rent/mortgage.

  • newintown

    If you’re going to tell me I can use my foyer as a living room, I’m going to need to see a picture to back that up.

  • hellzno

    This is ridiculous, No.

    “huge foyer entrance can be used as a living room,” “rolls eyes”

  • anon

    i live a few blocks away… so some closer residents can probably confirm this more officially… but I believe this property has been a problem for a while. Lots of transient folks, potentially drugs, drama, etc… I would say bad deal as it’s one of the sore thumbs in the community.

    • anon

      I thought this property was essentially a boarding house, I didn’t know it was split up into separate, distinct units. Regardless, it’s not in very good shape.

      • BigCountry

        The first thing that came to mind when I saw the picture was…looks like a crack house or a was a crack house a couple months ago.

        • Did this property get a Horse’s Ass nomination at some point? Somehow it looks familiar, and the bit that another poster mentioned about it being church-owned rings a bell too.

          Or maybe there was a news story related to someone living there? Can’t remember…

  • rosenrosen

    It’s hard to make out in the picture the inviting old mattress set that’s been sitting in the little side yard for several days. Talk about a LIFESTYLE.

  • Anon

    I live near this place and it’s got a very run down and slightly ghettoish quality. It’s not terrible, but not great, either. I heard it belongs to a church, which should be ashamed of itself for not taking better care of its property. The worst thing about living in this house (beyond the place itself) would be the thugs who hang out directly across First Street and the stream of customers, many of whom throw their trash all over the ground, going in and out of New Reservoir Market across the street. This whole intersection is a problem.

  • NOT a good deal. Friend just rented (a week ago) a one bedroom in Dupont, on a high floor, and with a view of the monuments for $1500. Building has a roof deck and is about the same walking distance to Metro.

  • Anonymous

    The Gospel Spreading Church?

    A US Appellate Court in DC wrote as early as 1971 about this real estate franchise, its questionable tax-exempt status, and its use or abuse of federal housing programs. 454 F.2d 1050. Plus ça change.


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