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Good Deal or Not? “Custom made murphy bed” edition

by Prince Of Petworth January 23, 2014 at 1:00 pm 7 Comments

800 4th Street Southwest

This unit is located at 800 4th Street, Southwest:


The listing says:

“Metro! Dining! Grocery! Spacious top floor studio condo with 9 ft. ceilings at Potomac Place Towers. Pet friendly, parking, balcony & extra storage. Two huge closets, new cherry hardwood floors & open kitchen w/breakfast bar. Custom made murphy bed! LOW condo fee includes all utilities! Gym, pool, lounge & 24 hr. desk. Walk to everywhere from this key SW location. Metro, Safeway & CVS one block.”

You can see a virtual tour here.

This studio is going for $266,500 ($324 monthly fee.)

  • DM

    Overpriced, at least a little. I almost bought a one-bedroom on the seventh floor offered at $230k from the builder. Granted that was a year and a half ago, and I know the area’s getting better, but it didn’t get THAT much better to justify that kind of return, especially considering this is a studio.

    Though I’m kicking myself for not pulling the trigger if it goes for that much.

    • Agreed. Looked at this place about 3 years back when I was condo shopping and the studios then were in the mid to high 100s; no way it’s worth that much more now.

  • Brian Cusick

    This is an excellent deal. Regarding the first two comments: In three more years check back in and you will be kicking yourselves again for not buying in SW. Check recent sales!

  • David

    Seems about right, maybe a few thousand over. It’s funny that the first couple of comments are basing their opinions on 2 to 3 year old ‘data,’ have they been asleep during the massive rebound in the DC real estate market?

  • textdoc

    Given the mention of the custom Murphy bed, I would’ve liked to have seen what it looks like when it’s on the floor!

  • Anonymous

    Top floor is a big plus for living (probably a premium on price too). Interesting they’d put a studio on the top floor, you don’t see it that often.

  • Tom

    Did you notice that it comes with PARKING. Add, that to the appreciation that has happened in the neighborhood, and it looks like a pretty good deal to me.
    Besides, I have always wanted a Murphy bed.


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