Good Deal or Not? “Charming+Modern” edition

by Prince Of Petworth February 19, 2013 at 1:00 pm 8 Comments

This condo is located at 257 15th Street, SE:

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The listing says:

“Charming+Modern 2 BR 2 BA condo loft in 4 unit boutique bldg in Capitol Hill for sale for the 1st time. 2 story windows, upgraded kitchen with SS appl. & silestone counters, hdwd floors, private deck, bike storage, exposed wood beams & ductwork, cool ceiling fan, 18 LR ceilings…very unique, lots of light, open floor plan. Wood floors as is.”

You can see more photos here.

This 2 bed/2 bath is going for $537,900 ($348 monthly fee.)

  • Not a comment on this property specifically, but a thought on GDoN in general. It seems like the market has gotten so crazy, that most nice properties are selling in under a week (listed thurs/fri and sold by tues). It would seem to be more helpful to people looking if there was delay in posting new properties (say 2 weeks or something). This would allow people to get some feedback on properties that won’t be in the middle of a bidding war. Maybe it will lead to someone on PoPville finding a diamond in the rough that they might not have otherwise considered or help someone assess a good value for a property they are interested in that might be over-priced (for a low offer or so they are ready to bid on a price decrease). I find the most interesting discussions on GDoN to be related to the surrounding neighborhoods and not whether people like or dislike tile backsplashes on a newly renovated row house. Just my 2 cents.

    • Not clear what you are asking for. Are you asking that GDoN posts go up two weeks before the property in question goes on the market? I don’t see that happening unless the sellers’ agents specifically arranged it that way. And given how quickly properties sell, agents probably wouldn’t see a need to have the final photos, etc. posted two weeks in advance.

      • No, I was suggesting not putting a property in GDoN unless it had already been on the market for a week or two because at that point in time a bidding war is less likely. So many places are being priced low right now, despite the low inventory so they sell quick and at a price well above list.

    • Do you mean only posting properties that have been on the market unsold for a few weeks? That could make for some interesting discussions on why places haven’t sold yet but instead of GDoN it just might be called BDoTD (Bad Deal or Terrible Deal).

      • Maybe, but there was a time not too long ago (even in DC) where it was not uncommon for a nice property to sit for a few weeks. Most agents list properties on Friday and they sell by Monday or Tuesday, so a lot are pending before the GDoN post goes up (or soon there after). At that point, who cares what people think because someone (likely multiple someones) thought it was a good deal.

  • meathook

    $567 per square foot in that neighborhood seems a little ambitious, no?

    • jeb goodwin

      you know who else was ambitious? Caesar!

    • Carlos B

      an apparently identical unit just sold in the same building a couple of weeks ago for 510k (538/sq.ft), so if it is ambitions it is indeed just a little ambitious


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