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Good Deal or Not? “den with slider doors to the deck” edition

by Prince Of Petworth February 25, 2014 at 1:00 pm 9 Comments

2704 10th Street Northeast

This house is located at 2704 10th Street, Northeast. The listing says:

“Lovely three level townhouse w/hardwood floors throughout, separate dining, open kitchen, finished basement, CAC, den with slider doors to the deck, fenced yard, 2 carport parking, as-is condition. Walk to Rhode Island Subway, Home Depot, CVS, Giant Food, banks, and restaurants. Call owner for appointment until box is installed. Contract is contingent on seller finding a home. Please LOCKUP.”

You can see a few photos here.

This 3 bed/1.5 bath is going for $399,000.

  • JF

    it’s not a terrible deal, but for the price plus what it would cost to update it you could find something already renovated in a more desirable neighborhood like the east side of H street or Trinidad.

  • TakomaNick

    Bad deal. They are asking $280 per square foot for something that appears to require a gut job or close to it. 900 Evarts is just down the street and offers a decent comp. It was flipped and sold less than a year ago for $430k. The only difference is that it doesn’t have a basement. Personally I think this should be listed at about $340k.

    • Adrian

      Yes, but I bought 900 Evarts in an off the market deal which was 9 months ago. It would have gone for closer to $450k on the open market. Since then there has been more good news for the area. Reed Street warehouses have sold (mentioned by brookland_rez below) and will be redeveloped. Its proximity to RI ave metro stop will help appreciation over time. I would argue that it’s a decent deal if you could close on it for $375k.

  • SusanRH

    a developer will purchase this house

  • Anonymous

    It’s an ok deal. Couple of houses with similar layouts but maybe in a little bit better shape, but not renovated, went for $450K within a couple of blocks last fall. But, if you want to be in Brookland for a reasonable price, something like this is your only real option these days.

  • Eponymous

    Hard to tell much from the photos. There is some kind of car shop behind there, which would drive the price down versus similar sales a few blocks north. If it’s livable it could go for that. To the first poster: this area is a good bit safer than Trin or Kingman Park. Desirability is relative.

    • brookland_rez

      The old warehouses were bought and will be redeveloped into apartments at some point. I imagine the other light industrial uses around there will eventually get redeveloped as well once the market demands it.

  • dittle

    The price can come down a bit considering there will be renovating that needs to be done. Two things though – declutter and stage, declutter and stage. The photos are horrible.

  • Rukasu

    Bad deal, this has been on/off the market since last summer and they haven’t budged in price, may have even gone up


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