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Good Deal or Not? “Sunny rear deck” edition (reader request)

by Prince Of Petworth April 8, 2013 at 1:00 pm 17 Comments

1614 Newton Street Northwest

This house is located at 1614 Newton Street, NW:

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The listing says:

“THE PERFECT HOUSE, located in Historic Mount Pleasant! Newly renovated granite KN, open DR and spacious LR. Huge MBR and 2nd BR w/loads of closet space. Hall BA w/skylight and tile tub. Finished LL with Guest Suite/FR, laundry room and full BA w/glass block shower. Sunny rear deck and front porch. HW floors, off-street parking, bike shed.”

You can see a virtual tour here.

This 3 bed/2 bath is going for $615,000.

  • Anonymous

    That’s a lot of money for a house that doesn’t have central air, mismatched hardwood floors, and a “weathered” facade. Granted, the location is great and likely explains the asking price.

    I’d want to make sure to do a full inspection though… there may be quite a bit hiding under the rug, so to speak.

    • js

      Has split air. That’s actually preferable to central air in a lot of ways especially in this type of row house where the ductwork would be crazy inefficient. For some reason it’s looked upon as less desirable than central air in the US but it’s how the majority of the world does air conditioning and will cost less to maintain than true central air.

      • So, Just Sayin’

        I’ve seen references to “split” and “semi-split” air before on these forums — would someone mind explaining what that is?

    • Anonymous

      Nothing wrong with split air per se, just that it doesn’t speak to a high-end reno. Granted, this isn’t a high-end price either, but still.

      • Anonymous

        Disagree. There is nothing inherently “low end renovation” about split air. It’s a better use of the space in older homes.

        • Anonymous

          We’ll agree to disagree. I hear you on the use of space, but all the split air units I’ve seen look rather low-rent in appearance. I’m not talking about functionality, just aesthetic preference.

        • SF

          The mini-splits I’ve encountered overseas are often significantly less comfortable than central air units. More efficient, maybe. but they are either arctic cold or insufficient, in my experience.

  • Anonymous

    Blowing up my spot

  • Alex

    That’s a lot of money for 2 bedrooms. Is the basement being counted as a bedroom? Just because there is a bed down there, it doesn’t mean it’s a bedroom.

    Nice location and the interior is plenty fine. But I would want *a lot* more house for $615k. It’s only 840 sq. ft! I don’t see any comps in the area to support that asking price. Bad deal.

    • Anonymous

      I agree. I’d be pretty disappointed if I was looking right now and that’s what $615K could get me. Awful kitchen and bathrooms, no curb appeal and very little space.

  • I live a block away. These houses look really decrepit to me. Not worth it unless there’s been a full renovation recently. This what they actually look like http://goo.gl/maps/9yrgj .

    • aen

      The house on the end was completely renovated a few months ago. Looks totally different now.

  • So, Just Sayin’

    There are at least 3 or 4 sets of these houses in Mt. Pleasant that have a shabby, dumpy exterior look but seem just fine inside. They’re clustered in the eastern edge of Mt. P, close to 16th St. If you cross 16th St. and stay within a block or so, you can find more house for the same price — this is a Mt. P markup.

    Exteriors need improvement — maybe power washing to kill some of the drabness in the brick? — but interiors are cute and liveable.

  • Anonymous

    will go for above asking price. you read it here.

  • Not a bad deal considering there are condos that have sold for around 500k in Mt P and there arent any condo fees for a house.

  • anonymous coward

    I walked by this house yesterday, and pulled up Zillow as I did. Everything else on this block is ~$200k less, and from the tour, the reno is not worth 200k. I still bet it’ll sell though.

    • Anonymous

      zillow is complete BS and no indicator of a property’s market value. my house is appraised at almost 200k less than what i bought it for (last year), and a house in bloomingdale that sold for ~800k is appraised at 480k on there.

      Either that or I guess it’s some bubble we’re in!


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