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GDoN “Great opportunity to own a piece of history” edition

by Prince Of Petworth February 13, 2017 at 12:00 pm 15 Comments

1534 1st St NW

This house is located at 1534 1st Street, NW. The MRIS listing says:

“This listing will not last long. Buyers are ready to sell and can turn this over in 30 days or less. This home boasts central air, 3BR’s, 1.5 BA’s, English basement, Beautiful Victorian 3 level in the heart of NW DC. Turn the key and live here or upgrade! Great opportunity to own a piece of history. Bring your approved Buyers. ‘AS IS’ clause required with all offers. Sellers will make no repairs.”

living room

You can see more photos here.

This 3 bed/1.5 bath is going for $644,900.

  • Art D.

    What makes it a piece of history?

    • I Dont Get It

      The “gorgeous” stairs?

    • Michael Pierce

      I’m guessing that it’s your opportunity to help change the demographics of a neighborhood that was not historically home to people who could afford to buy a $644,900 house.

      • Duponter

        Well, they can now if they are selling this one for that price.

  • soozles

    Not original tile in that bathroom. The original would have been subway tiles and definitely would not have wrapped around that tub.

  • textdoc

    The Victorian architecture. Too bad it’s marred by formstone.

    • textdoc

      Oops, that was supposed to be a reply to Art D.

  • ColHeist

    There is a hand next to the gorgeous stair case by the back patio. And being 1 block from the NW/NE line doesn’t really equate to “the heart of NW”. I do think this could be a great house, but I’m not sure if it’s a good deal.

  • exiledinarlington

    This place would have benefited from a Tom Faison listing.

  • HaileUnlikely

    As much as it pains me to say this, it’s probably priced about right, and possibly even a deal at this price, by [insane] local standards. Smaller, generally uglier houses in similar condition in my neighborhood (Takoma) are now going for $450K or so (which itself baffles me). Although I’d rather live where I do, I recognize that values in this area are much higher than in mine, and this house has way more upside than the specific ones I’m talking about in Takoma, so I have no difficulty imagining this house selling at this price.

    • Bloomingtern

      I tend to agree. I think with a $100K investment in a remodel, it is a good size for a smaller home in DC. And this area improves by the day. There is a ton of development going in all around it. It’s walkable to everything in Bloomingdale, Shaw, and NOMA/Union Market and you can walk to downtown from here pretty easily.

      It obviously needs some work but everything over there is flipping left and right. Newer renovated houses at this size are in the 700K-800K range.

      • JS

        $100,000 isn’t going to go very far in a house like this, especially if the new owners want to add a bath. I unfortunately know this from experience :(

        • Bloomingtern

          I failed to notice the one bathroom situation. That is a bit of a killer I guess. You’d lose a bedroom for that.

          • textdoc

            But there’s a powder room downstairs — might that be enough?

          • JS

            There’s not enough space to do that – you’d lose the dining room window and your bathroom wall would be in the middle of the dining room. Properly finishing the basement and adding a bath would be a better option, but there’s your $100,000 (ceiling can’t be 7’6 without digout, and notice gaping hole in brick support column) and you haven’t touched any other part of the house.

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