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Good Deal or Not? “Well maintained” edition

by Prince Of Petworth April 2, 2013 at 1:00 pm 16 Comments

1120 Oates Street Northeast

This house is located at 1120 Oates Street, NE:

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The listing says:

“Great 3 bedroom 2 bath w/parking. Well maintained & ready to move in. Central A/C, updated kitchen. Spacious addition off seperate dining room and kitchen. Upstairs addition provides dressing/sitting areas off rear bdrms.”

You can see more photos here.

This 3 bed/3 bath is going for $474,500.

  • This is one that is overpriced and I don’t think will actually get the price, because it’s not staged well and not a flip. If it were, it would get it.

  • Anonymous

    About a year ago you could get a full gut in this area for high 300s, low 400s. Seems a little high but I don’t really follow the comps over here so I could be out of touch

    • I don’t think this has to be a full gut.

  • Not a good deal. That price and that neighborhood. No.

    • Anonymous

      Yeah, I would never live there. The people on that street are savages.

      I saw one of them have the audacity to drink chardonnay on the front porch. They’re like animals. Totally subhuman.

      • One of these so-called “people” had the temerity to ask if I had any Grey Poupon. And can you imagine the mindset of someone who doesn’t chill their salad forks. These yokels are strictly Baltic Avenue.

  • JJ

    Awful. What’s up with the Christmas colored carpeting?

  • BigCountry

    Must be Biggie’s old house….

    “50 inch screen, money green leather sofa
    Got two rides, a limousine with a chauffeur”

    $475K to live in Trinidad? LOL

  • AMDCer

    It would be interesting to see photos of this place with all the furniture and carpet removed – it would probably get a different reaction from folks. Odd choice of photos – why all the pics of the cluttered basement? Agreed, though, does seem overpriced.

    • Agreed the photos work against it. Is this currently a rental they couldn’t get the tenants to clean up beforehand? If not, there’s no excuse for an owner to expect top dollar when s/he can’t/won’t clean the place up.

  • Pulling up carpet and refinishing the floors is not that expensive or difficult, but based on these comments it looks like they could charge 100K more if they had done it. A buyer could get a deal if they don’t mind putting in a little effort. We did it ourselves and couldn’t be happier!

    • Anonymous

      No, they could have charged what they’re currently asking.

  • Anonymous

    This one is definately a hoodwink

  • Anonymous

    I’m going to have to agree this one is a reach. I also agree de-cluttering the place could have gone a long way. Even then I still think it’s overpriced for the amount of work that would have to be done. Especially when this is what you can get for $25K more a few blocks away…. http://realestate.popville.com/listing/3yd-MRIS-DC8019287/1331-childress-street-northeast-capitol-hill-washington-dc-20002/

  • TakomaNick

    I think that house should be listed at $350-400k. It’s not, because there are so many developers gutting and flipping in the area. I don’t think this is a gut job. Tear out the carpeting, refinish the floors, paint, clean the hell out of everything else and you’re good. You can remodel the kitchen and bathroom when you have the cash. I just hope the plaster is in good shape.

  • TG

    People can make judgments about the price but I am no longer prepared to scoff at living in any neighborhood in DC. 10 years ago you would have said, I would never live in bloomingdale, petworth, columbia heights, a few years prior even U street. I am an optimist about an area like this that has H street already pulling it up. And no, I am not the owner.


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