78°Partly Cloudy

GDoN “spacious and beautifully updated” edition

by Prince Of Petworth November 25, 2015 at 12:40 pm 12 Comments

GDon

This house is located at 2514 I Street, Northwest. The listing says:

“Rare Find. Bright, spacious and beautifully updated 3 level 3BR/2.5BA TH w/3 story addition. Open LR/DR w/French door & floor-to-ceiling windows, lovely views of patio, garden & deck. Kitchen w/granite & SS appliances. MBR w/BA & Sauna. Top floor w/BR/office & possible BA Hi ceilings, hwds, skylights. One car garage. Minutes to Metro, shops, restaurants, Whole Foods, Waterfront, G’town & downtown.”

inside

You can see more photos here.

This 3 bed/2.5 bath is going for $1,375,000.

  • petworther

    I have no idea how you price a house in that location. Personally I wouldn’t pay anywhere near 1.3 M for that house.

    • rockcreekrunner

      NPV of net rental income is a good starting point.

      • The OP Anon

        +1
        This is easily worth $5K in charged rent to a dual income WB/IFC mid-level couple with two young kids who pay zero in taxes (consider that they each easily take home $125-200K tax free). The WB/IMF preschools are nearby and WIS is just up the road in Georgetown

        • Accountering

          I agree – I think this is fairly priced, and will go quickly. This seems like a tiny neighborhood, and there aren’t many other places more accessible in the city. This has a one-car garage, a large outdoor space, and is 2300 sq feet. I honestly think it may be underpriced.
          .
          You can be on 66 in 5 minutes, 395 in 8, walk to Foggy Bottom in 4 minutes, the Kennedy Center in 8, and to Farragut North in 18. This would be the kind of place I would love to live in at some point.

          • Anon

            A lot of the high-paying jobs are in VA, so access to the highways is definitely a plus for a high-priced house.

          • Accountering

            Agree with the above. Lets remember, this just isn’t THAT expensive. For people who can swing a downpayment (bought in Petworth in 2005, renovated, could easily have 500k in equity) and has some extra cash, this thing is very affordable. There are a ton of couples out there pulling in 250k/year who could easily afford this.

  • TX2DC

    Overpriced by $375k.

    • Caleb

      lol

  • HaileUnlikely

    I’m generally not one to make a big fuss about aesthetics, and if I could actually afford this I would not be deterred by the following, but this is one of the ugliest and most depressing kitchens I have ever seen in a state of good repair. The bright white cabinets, granite countertops, and black/grey/white backsplash feel sort of like “upscale institutional” to me – I think this being a galley kitchen in which you are enclosed by a wall of gleaming white cabinets exacerbates this.
    .
    That said, I like the rest of the house a lot, agree with Accountering about the location, and wish I could afford it.

    • Funny how aesthetic tastes vary so widely. When I saw the kitchen my first thought was, “FINALLY! A clean, minimal, modern kitchen without all the flourishes that get dated so quickly.” Hahahah

      • Anon

        If you don’t think this kitchen is on-trend you haven’t been paying attention.

    • Survivor77

      +1

×

Subscribe to our mailing list