Real Estate

Good Deal or Not? Bit of a 60s Vibe Edition

By Prince Of Petworth

This coop is located at 1869 Mintwood Place, NW:


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The flier says:

“2BR/1BA COOP HAS BEEN UPDATED W/ ORIG. DETAILS RETAINED. FEATURES CHEF’S KIT. W/ CUSTOM WOOD CABINETRY, FROSTED GLASS DOORS, H/W/ FLRS, OPEN LVG/DNG ROOM & BALCONY. IDEAL KALORAMA TRIANGLE LOC. STEPS TO REDLINE METRO & BUS. PETS WELCOME. EX STORAGE & BIKE RM. UNDERLYING MORTGAGE AS OF 5/31/2009 $30,211.28 IS DEDUCTED FROM SALES PRICE. PYMT IS $255/MO.”

More info found here and a virtual tour found here.

I’m really digging the floors and look of this place. It is 2 bed/1 bath thought it seems to have a pretty cool layout. It’s interesting to look at an apartment with old school details. What do you think of the apartment itself? Does $449,500 sound reasonable?

GDoN Revisited by Hipchickindc

By Prince Of Petworth

List Price at Contract: $308,900.

List Date: 7/24/2009

Days on Market: 5

Settled Sales Price: $380,000.

Settlement Date: 09/22/2009

Seller Subsidy: $0.

Bank Owned?: Yes

Type Of Financing: Conventional with $38,000. (10%) down payment.

Original GDoN Post is: Here.

Recent Listing is: Here.

This was an interesting Good Deal or Not (GDoN) post as there was a reader who went ahead and put an offer in. Although it needed some work, this foreclosed Victorian rowhome was listed at $308,900. and garnered multiple offers. It ultimately sold over $70,000. above the list price.

Although located literally just a block east across North Capitol, homes on the northeast side of Eckington can still usually be had at lower price points than their very similar Victorian counterparts on the Bloomingdale side. Check out the neighborhood blog which includes some great history. Eckington landmarks include the refurbished McKinley Technical High School, which is a focal point that sits high up on a hill. I often meet NE Eckington residents during my frequent visits to the largest unofficial dog park in DC (also affectionately referred to as Fedex Field, since it is next door to the main Fedex building). In addition to Fedex, XM/Sirius Radio is an Eckington-based business. North Capitol Main Streets, Inc. is a notable tenant, as well. Bloomingdale and Eckington residents (myself included) can be found at the public pool on Lincoln Road during the summer months.

PoP noted that the closest dining option seemed to be the Big Bear Café, located at 1st and R St NW. It’s worth mentioning that Eckington is just north of NOMA and the New York Avenue Metro. There is a new Marriott Courtyard at the Metro, as well as a Five Guys and other food options. Given the push from NOMA Bid, as well as North Capitol Main Streets, I expect great things to continue in this area.

Good Deal or Not? Modern Renovation Edition

By Prince Of Petworth

This home is located at 803 Euclid Street, NW:


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The flier says:

“A stunning example of a fine urban row house. Recent renovation shows the possibilities of a 1924 home turned into a livable piece of art. How about FOUR? Four levels, Four bedrooms, Four bathrooms. .. but still one of a kind. Maple and concrete floors, high ceilings, recessed lighting, In-Law-Suite(appt), garage parking, top of the line finishes throughout.”

More info and photos found here.

I’m pretty sure I’ve featured this house as house of the day before so it’s pretty cool to get a look at the inside. It’s a pretty serious renovation, dying to know what you guys think. Do you think $769,900 is a realistic asking price for this 4 bed/4 bath? I’m thinking it’s a bit on the high side.

Dear PoP – GDoN Flip – 4714 15th St. NW

By Prince Of Petworth

“Dear PoP,

I got the tip from a neighbor that 4714 15th St. NW (formerly the “no heat or AC” GDON) was flipped and back on the market. This time it’s got a fireplace, new HVAC, plumbing, electrical, and lots more. Formerly listed at $389,000 and sold for $100,000 less, it’s now up for sale at $629,000. That’s a pretty sweet potential profit.”

http://www.princeofpetworth.com/2009/02/good-deal-or-not-no-heat-or-ac-edition/

http://www.redfin.com/DC/Washington/4714-15th-St-NW-20011/home/10017194

http://slideshow.mris.com/slideshow.cfm?ListingKey=90134037154

Do you think the new price matches the renovations?

Good Deal or Not? Weekly Wed. House Porn Edition

By Prince Of Petworth

This home is located at 1849 Vernon Street, NW:


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The flier says:

“HUGE $26K REDUCTION!! Fabulous historic 4 bd/ plus office! 3.5 bath with two car parking. Legal rental unit aprox $2000 per mo. Totally updated, beautiful original architectural details, hardwoods, 3 fireplaces, chefs kitchen, elegant separate dining room and great outdoor space, gourmet kitchen w/ pantry. Perfect location, Metro, Adams Morgan, Dupont, WALK to everything. HURRY!!”

More info found here and a virtual tour found here.

This home looks like it has retained much of its old character. What do you think of the rooms? It’s funny, to me, this one looks like a regular “middle class” family lives there. It’s yours for $1,149,000.

Good Deal or Not? Huge Backyard Edition

By Prince Of Petworth

This home is located at 1426 S Street, NW:


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The flier says:

“Delightful 1880’s TH. Gorgeous garden, patio + 2 car parking in huge 20’X72′ fenced back yard. Many period details intact – high ceilings, old wood floors, curved walls. Updated w/ hi-eff. heating, hi-eff. HWH, heavy-up electric capacity, some replcmnt windows. Basic update in kit. & baths.”

More info and photos found here.

I really like this section of S Street. What do you think of the house itself? How important is a big back yard to you? Does $821,500 sound reasonable for this 3 bed/2 bath?

Good Deal or Not? New Construction Edition

By Prince Of Petworth

This home/condo is located at 3350 17th Street, NW:


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The flier says:

“Level 2 BR, 2 bath unit. Has access directly to parking and garages. Parking is available for purchase. Fabulous newly created condo with granite counters and flooded with light. Quiet street and affordable pricing.”

More info and photos found here.

I always enjoy finding new construction/buildings that we’ve previously judged from the outside. What do you think of the look from the inside? This particularly unit is a 2 bed/2 bath going for $448,000. Sound reasonable?

It might be worth noting that many of the other units in this building are already under contract.

Good Deal or Not? Exposed Brick Edition

By Prince Of Petworth

This home is located at 1421 1st Street, NW:


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The flier says:

“This home features hardwood floors, exposed brick, and tons of light. Renovated in 2003. Walk to METRO. IMPORTANT sale includes Lot 843 which is a large parcel in the back. Email for copy of survey. Combined total sq feet estimated to be 3213. Zoned R4. Property shows well and is sold in AS IS condition.”

More info and photos found here.

I don’t know why I keep finding these 2 bedroom houses but here’s another. I do like the exposed brick. And the backyard is pretty sweet too. It’s interesting that it includes a parcel of land as well. Not sure what one would do with that? Build a garage? What do you think of the home itself? Does $379,000 sound reasonable for this 2 bed/1.5 bath (and adjacent lot)?

GDoN Revisited by Hipchickindc

By Prince Of Petworth

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: 3700 13th St NW

Original List Price: $549,999.

List Price at Contract: $498,999.

List Date: 10/01/2008

Days on Market: 313 (this may be a record for a settled GDoN-R)

Settled Sales Price: $475,000.

Settlement Date: 09/30/2009

Seller Subsidy: $11,000.

Bank Owned?: No

Type Of Financing: Conventional with $95,000. (20%) down payment.

Original GDoN Post is: Here.

Recent Listing is: Here.

Perseverance, a good solid price reduction, and dwindling inventory finally resulted in a settled sale for this upper Columbia Heights property. Located just a tad over half a mile from DC USA (referred to in the listing as “USA Mini Mall”), my buyers in this price range would consider this close in. It looks like the Seller invested in several updates since it was purchased during the pre-Target era back in the 1997 for $139,000. Someone noted in the “Good Deal or Not” (GDoN) comments that being an end unit was not an advantage, but I find that people like the extra windows and not having an immediate neighbor on one side.
The original GDoN post ran last November, shortly after the house was first listed. With the combination of insanely low mortgage interest rates and the looming deadline of the Federal First Time Homebuyers Tax Credit, Fall 2009 is finding us in a very different market than the same timeframe in 2008.

Good Deal or Not? Under Contract in 6 Days Edition

By Prince Of Petworth

This home is located at 1623 Monroe Street, NW:


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The flier says:

“Charming 1930s townhouse, handsomely renovated and updated. Granite Kit open to DR, large LR, 2 spacious BR, lower level family room/BR with travertine BA, front porch, rear deck, PARKING, oak floors, 4 blocks to Metro, walk to shops, restaurants, Rock Creek Park, etc. Fantastic condo alternative!”

More info and photos found here.

Here’s another small(ish) house that looks nicely renovated. I’m curious what you guys think about the asking price and why it went under contract so fast. The asking price for this 2 bed/2 bath was going for $499,000. Is that a phenomenal deal?

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