This home is located at 3615 10th Street, NW:


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The flier says:

“Just Reduced! Contract fell thru and back on the market. Traditional brick fixer upper RH on a quiet residential street featuring rear yard accessable by alley, rear entrances to main level, basement, attractive hardwood floors. 3 blocks to Metro. Heat, water, electric & appliances are functional. This is an estate sale, not short sale or bank owned. FHA or conventional ok.”

More info and photos found here.

As far as fixer uppers are concerned this one looks to have good bones. Any guesses on the cost to fix it up? Given that does $310,000 sound reasonable for this 3 bed/2 bath?


In real life, hipchickindc is licensed as a real estate broker in the District of Columbia and Virginia, and as a real estate salesperson in Maryland.  Unless specifically noted, neither she nor the company that she is affiliated with represented any of the parties or were directly involved in the transaction reported below.  Unless otherwise noted, the source of information is Metropolitan Regional Information Systems (MRIS), which is the local multiple listing system.  Information is deemed reliable but not guaranteed.

Featured Property: 2905 Sherman Ave NW

Original List Price: $345,000.

List Price at Contract: $325,000.

List Date: 06/27/2009

Days on Market: 88

Settled Sales Price: $315,000.

Settlement Date:  10/22/2009

Seller Subsidy:  $12,600.

Bank Owned?: No

Type Of Financing: FHA loan with a loan amount of $303,975., so maybe these folks financed the upfront MIP (as noted in comments as a possibility in last week’s GDoN-R)

Original GDoN Post is:  Here

Recent Listing is: Here .  To see pics, click on the main picture after opening the link.

Perusing the original Good Deal or Not (GDoN) post of this property, it struck me that an overwhelming majority called “good deal”.  Frequent GDoN readers know that this, indeed, is a rarity.  That was at the original list price of $345,000., so $315,000. plus $12,600. toward closing costs should look pretty sweet.  For reference, recently converted condos down the street (the last one I listed at 2608 Sherman, 2BR, nicely upgraded and staged, sold in May 2009 for $299,990. with a $7500. subsidy) are selling in a similar price range.

Some mentioned that Sherman is a busy street to be on, and for sure, that was the major objection I heard when I had my client’s condo on the market.  The lot size is a mere 869, but includes a bit of outdoor space.  Love it or hate it, as one reader mentioned, the new owners should never have trouble giving directions to their very yellow house.  I admire the listing agent’s optimism in noting that one of the conveniences of the property is that it is “close to Schools”.

The recent Seller purchased the property back in January 2009 when it was a foreclosure.  The listing from that time period shows that it was priced at $189,000., and settled at $180,000.  It was purchased with cash.


This home is located at 2651 Woodley Road, NW:


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The flier says:

“First time on market in 25 years, rarely avail. detached Wardman, truly spectacular home, located in the heart of Woodley Park, retains its old world charm, but is thoughtfully renovated for today’s life style. Renov Kitch/family room with top of the line appliances, spacious deck, 5 CAR PARKING.”

More info found here and a virtual tour found here.

Wow. This home is pretty bad ass. What’s your favorite part? It’s yours for $1,999,000.


This home is located at 1317 Wallach Place, NW:


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The flier says:

“STATELY & WELL MAINTAINED 3BR/1.5BA BAY-FRONT TH FEATURES LARGE ROOM PROPORTIONS, 2 DECORATIVE F/P’S, AMPLE NATURAL LIGHT W/ 7 SOUTH FACING WINDOWS, 10+’ CEILS, ORIGINAL MOLDINGS, HWF’S THROUGHOUT + GATED REAR YARD W/ PKG FOR 1-2 CARS. IDEAL U STREET/LOGAN CIRCLE LOCATION, STEPS TO RESTAURANTS, NIGHTLIFE, GALLERIES AND METRO.”

More info found here and a virtual tour found here.

The reader writes:

“Here’s one I think your readers will have a field day with. Just wow.”

I think the reader is referring to the paint choices and decorating. It definitely has a consistent style. Do you dig it? This 3 bed/1.5 bath is going for $820,000.


This home is located at 1519 12th Street, NW:


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The flier says:

“Located on a tree-lined street just 2 blocks from Logan Circle, this 1870’s row home has been tastefully renovated to include modern conveniences while maintaining its historic charm. The home is located in the 14th Street Historic District and includes original features such as random-width heart pine floors, curved hallway walls, vintage mantels, pocket doors and six-panel floor to ceiling windows in the living room.

The home boasts a true Chef’s kitchen with 30″ Professional Dual-Fuel Range and 36″ vent hood. The kitchen opens up to a two-story family room with skylights that fill the home with light. Entertain guests in the formal dining room or step outside to enjoy the large private patio.

The master suite includes a fireplace and attached bathroom with a whirlpool tub and double vanities. The upper level also includes a second bedroom and full bath. A den overlooks the family room and could be used as a 3rd bedroom or office.

The off-street parking space and separate laundry/storage room create the final touch of urban convenience.”

More info found here and a virtual tour found here.

The owner writes:

“We *really* love the house, but we need more space and are planning to buy a larger house with an in-law suite with my (retired) dad…we’re in the process of trying to work out a deal on an old GDON (from this past summer) in Columbia Heights (we bought our current house in 2001…since then, it seems we’ve been priced out of Logan and will be moving uptown a bit).”

Well that is a good looking house. What do you guys think of the house? Does $799,900 sounds reasonable?


Featured Property: 203 Morgan St NW

Original List Price: $499,000.

List Price at Contract: $459,900.

List Date: 5/15/2009

Days on Market: 130

Settled Sales Price: $457,500.

Settlement Date:  10/27/2009

Seller Subsidy:  $3,000.

Bank Owned?: No

Type Of Financing: FHA loan which would indicate a minimum of a 3.5% down payment (listing states loan amount of $449,213., which I suspect is incorrect).

Original GDoN Post is:   Here.

Recent Listing is:  Here. To see pics, click on the main picture after opening the link.

Last week I revisited a property just north of Dunbar High School. This one is a short distance south of Dunbar, on a quiet one way street that is tucked just off of New Jersey Avenue, seconds (if you hit the lights right) from the third street tunnel. I was sent a heads up about this property closing by one of my own clients, who settled on a property on the same block a couple of weeks ago, for which he is planning to do extensive renovation. Continues after the jump. (more…)


This home is located at 734 Rock Creek Church Road, NW:


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The flier says:

“Beautifully renovated 1910 townhome on a quiet street just one block from Georgia Ave/Petworth Metro/Shopping Ctr. Main level entry with artfully exposed brick, LR w/ fire-place, elegant dining, btfl kitchen. Second level 3BRs, ldry rm, 3rd level light-flooded master BR-Suite w/sitting area, study, his/hers closets, dbl vanity and jet tub, lwr lvl 2BR aptmt with Cert. of Occupancy,rent $1500/month”

More info and photos found here. I’ve received the most emails requesting a GDoN for this house. It does look pretty nice, but most who’ve written think the price may be a bit high. What do you guys think of the home itself? Do you think $724,900 is realistic?


House flipping: the act of buying and renovating a residential property with the intent to sell immediately when finished. Easiest when done at the height of a real estate market … but more interesting to watch when there are a hundred moving parts and you’re in an untested neighborhood. Enter David Garber, DC neighborhood blogger and real estate entrepreneur. His mission: bring back DC’s neighborhoods, one rotting house at a time.

Part 1: the Before
Flip’t is to typical house flipping what Chop’t is to the everyday house salad: fresher, greener, and more appealing. Our first subject property is on U Street SE in Historic Anacostia. Three bedrooms, two and a half baths. At the foot of the 11th Street Bridges, a 10 minute walk to Metro, half block from future streetcar, views of the Capitol Dome, and steps from the fast-changing main drags and hip-hopping galleries of MLK Avenue and Good Hope Road.

clockwise from left: the front porch (actually on the side) is looking pretty sad; the tools of the trade; David Garber, house flipper

It’s been exactly five months since I exchanged my first sales contract with the seller of the U Street House. I’ve been eying this particular property since I first moved to the neighborhood in 2007 because it looks so terrible from the outside but is in an amazing location considering everything that’s coming to MLK Ave. From the outside it looks like an old cinder block: two-toned patchy stucco, no windows or doors, and a half-done addition on the back that someone slapped up thinking they’d make a quick buck. There are houses like this all over PoPville: exposed plywood, poor decision-making, vinyl blahness – like nobody loved them enough to really give them a chance at a better second life.


from left: how it looks from MLK – notice the addition; from across the street

But it’s November now – just about the time when I thought I’d be finishing construction, and this long process of price negotiations, third-party inspections, and estimates from a handful of contractors is finally over. This troubled little cinder block is finally mine for the marking, and I’m finally going to give it the love, attention, and heaps of money it deserves. And then I’m going to put it on the market. You’d think it was a rescued animal, but I’m just really into forlorn real estate.


from bottom left: upstairs, looking through three bedrooms and two bathrooms; downstairs, the view towards the kitchen; looking down at the living room from the stairs

As you can see, a lot of the framing is already up. Three years ago another house flipper / contractor tried his hand at redoing this house but went about it in all the wrong ways: didn’t get the approval of the Historic Preservation Review Board, no permits, totally sloppy detailing. I made sure that everything was in order and legal before I bought this place so I wouldn’t be hit with expensive approval and permitting surprises during the 2-3 month period that I hope it takes to get this house looking amazing.

The U Street SE House is going to get the works: all new windows and doors, new trim, new stucco exterior, a restored porch, and a snazzy interior. Sure there’s added pressure when there’s an audience – but I can’t wait to hear your suggestions and comments – and might even do some polling to help pick certain details.

Jai ho! Let’s get this thing started.

[Note: if you are interested in purchasing this house before all the design decisions are made – or have a property you need renovated or flipped – email David at [email protected]]

photos by Jacki Waring and David Garber


This condo is located at 1735 Johnson Ave., NW:


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The flier says:

“Spectacular 2-lvl penthouse unit. Private elevator only goes to this unit, private gated parking. 2 terraces. Soaring 2-story ceilings. Top of the line appliances, open kitch. Large terrace from master bedroom. Surround sound system, wood burning FP, Great location – Logan and close to Dupont & U St, Whole Foods and lots of retail.”

More info and photos found here.

Here’s another pretty open condo. It looks like it gets great light. What do you think of the condo itself? It’s yours for $1,159,000. It’s been on the market for 250 days so perhaps the price still needs to come down?

Almost exactly a year ago we looked at the building next door.


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