Real Estate

Good Deal or Not? “10 Burner Stove” Edition

By Prince Of Petworth

This home is located at 2812 13th Street, NW:


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The flier says:

“Row House with large 3bedroom 2 bath 3 floor owners unit with industrial 10 burner stove and 2 decks. Plus a large first floor rental unit that was recently updated. Large unfinished basement with lots of storage runs length of the house. Each unit is separately metered with separate laundry for each. New development and metro around the corner on 14th GREAT LOCATION”

More info and photos found here.

This is one of those houses that I often walk by and admire. I think the home itself is pretty killer. My only hesitation is that it sits right next to some sort of community center. Not that I have anything against community centers, actually I’d have the same hesitation if sat next to a school as well. Not that I have anything against schools… But seriously, the home is pretty sweet – do you think $789,000 is realistic?

July Home/Condo Sales

By Prince Of Petworth

Thanks again to DC realtor Kevin Wood for compiling this list of home/condo sales for zip codes – 20011, 20010, 20009, 20005, 20003, 20002, and 20001. Click below on “July Home/condo sales” for the full list in pdf format. Because the zipcodes have grown next month Kevin will reorganize the format of the pdf.

July Home/condo sales

Good Deal or Not? Where are the Windows Edition

By Prince Of Petworth

This condo is located at 1440 Church Street, NW:


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The flier says:

“JUST REDUCED!!Amazing location 1 bedroom 1 bath with low condo fee’s parking and large private terrace! One block from Whole Foods and Vita Fitness”

More info and photos found here.

While this is most definitely a great location, I’m concerned that none of the pictures show any windows. I also think it’s a bit odd there is no photo of the living room. I was curious about this condo because I think this section of Church Street has a great feel to it. The original asking price was $449,900 but has now dropped to $429,900. Think that sounds reasonable given the location?

Good Deal or Not? Reader Request in Brookland Edition

By Prince Of Petworth

This home is located at 1249 Irving Street, NE:


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The flier says:

“Price just reduce by 50K!Classic mid-century modern built in 1950 by Washington architect. With light filled rooms, refinished oak hardwood floors, many original details with new appliances, mechanical upgrades and restored charm. Perched high above the street level with wonderful views. Master bedroom plus three others on second floor.”

More info and photos found here.

The reader writes:

“I love it, and we’re thinking about taking a look. It’s huge and has a ton of character.”

It does look pretty sweet, it even has a great door picture! Though, I feel like the price may still be a bit high. It has been reduced from $749,900 to $699,900. Sound reasonable? What do you think of the house itself?

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: 1112 Monroe St NW

Original List Price: $574,900.

List Price at Contract: $574,900.

List Date: 6/25/2009

Days on Market: 6

Settled Sales Price: $574,900.

Settlement Date: 07/27/2009

Seller Subsidy: $0.

Bank Owned?: No.

Type Of Financing: Conventional loan with 20% down payment

Listing History: See below for listing history information

Original GDoN Post is: Here

Recent Listing is: Here. To see more pics, click here for the virtual tour.

Since 2006, people have been asking me how they will know when the real estate market in DC has hit bottom. The only good answer to that question is that you’ll know once we start coming up on the other side. In other words, you will have missed it. There have started to be some consistently positive numbers reported about housing in general lately, and I’m seeing good things personally in my business and that of my colleagues. I recently had a listing go under contract in one day (on Fourth of July weekend no less). Continues after the jump. (more…)

Good Deal or Not? Huge Stand-alone on 13th St. Edition

By Prince Of Petworth

This home is located at 3600 13th Street, NW:


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The flier says:

“EXQUISITE RENOVATION OF ONE-OF-A-KIND SUNDRENCED CORNER DETACHED 1905 VICTORIAN FOUR SQUARE W/ 4 CAR GARAGE & SIDE ENTRY 2 BR LEGAL SEP METERED UNIT(1,OOOsqft)MAIN HOUSE IS 3 STORIES OVER 3000 sqft. BEAUTIFUL WOODWORK, HUGE FOYER, BANQUET-SIZED DR, KIT W/ BELLS & WHISTLES, MASTER BR W/ LUXURY BATH JACUZZI & SHOWER, CONNECTING SUNNY 2BR RENTAL W/ HIGH CELINGS, SEP W/ D OR USE AS A FAB RR”

More info found here and a virtual tour found here.

Well, I was originally interested in this house because it is huge. But I didn’t realize that it was also renovated. While I’m not calling it house porn it does have hp prices. It’s asking $1,195,000. Wow, I had no idea that there were houses that far north on 13th St. going for that kinda dough. But then again, it’s nice that the home was not split into tiny condos. What do you think of the home itself. Any chance you think it’ll go for asking? Over a mil?

Good Deal or Not? Weekly Wed. House Porn Edition

By Prince Of Petworth

This home is located at 3601 Macomb Street, NW:


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The flier says:

“Historic 1899 Georgian w/ gorgeous sun-lit living spaces, beautiful architectural details & hrdwd flrs throughout. Gracious dining room, lovely living room, updated gourmet eat-in kit leading to 2-level screened porch. 5 bedrooms and 4.5 baths including spacious master suite with dressing room & walk-in closet. Near shops & Metro!”

More info and photos found here and a virtual tour found here.

I think Macomb Street, NW has some amazing homes and this is certainly one of them. I’m always curious how much they cost. Most of them fall into the house porn category. So what do you think about this particular home? Do you think it’s too close to Wisconsin Ave or is that a good thing? It’s yours for $2,850,000.

Good Deal or Not? One of my Favorite Buildings Edition

By Prince Of Petworth

This condo is located at 1413 T Street, NW:


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The flier says:

“Ultra-cool Jr. 1BR in DC’s most dynamic location with every little convenience, entertainment, and culture DC has to offer. Great use of space, up-to-date kitchen and bath, tall ceilings, and an open floor plan make this a terrific place. Located in an architecturally historic boutique building, here is the perfect pad for the ultimate experience in city living.”

More info found here and a virtual tour found here.

I think this is a super cool looking building (we’ve judged it in the past). The condo itself seems a bit small and the views don’t seem to be great but man is that a fantastic location. Obviously someone else agrees since it’s under contract. I know some folks don’t like GDoN posts under contract but I’ve always been curious about this place.  I was surprised at how reasonable the price seemed – $249,000. Is that a great deal or have I lost perspective?

Good Deal or Not? Emergency Reader Request – Thinking of Putting in a Bid Soon, Help!

By Prince Of Petworth

This home is located at 55 Quincy Place NE:


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The flier says:

“Gorgeous 3bd, 1fba, 2hba 3-lvl rowhouse w/ walk-out bsmt, parking space & many updates. Steps to NY Ave METRO. Features hdwds on main & upper lvls, 3 FPs. Bank-Owned. Sold As-Is. Shows well, but needs a little work. Seller responds quickly to offers. Request seller’s choice of closing co. & to hold EMD. Seller=”Owner of Record”.”

More info and photos found here.

I’ve only walked down this block a few times but thought the area was quite nice. There aren’t too many dining areas but you’re not too far from Big Bear Cafe across North Capitol in Bloomingdale. The house itself also seems quite nice, I dig the style on the outside, but I’d be sure to have a inspector with you as the house is “as-is”. Asking price is $308,900. Sound like a good deal?

Good Deal or Not? Reader Request – When Will H St., NE Become Like U St., NW?

By Prince Of Petworth

This home is located at 920 3rd Street, NE:


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The flier says:

“Wonderful 2BR + Den Victorian located between Union Station, H Street NE and NOMA. This home features 2 full baths, hardwood floors, skylight, fireplace, remodeled kitchen and patio.”

More infor found here.

The reader writes:

“It is 1 block to H St, 4 blocks to Union Station and 5 blocks to New York Ave Station and the tram tracks are FINALLY going in on H St after years of discussion. But, it could be a “sketchy” neighborhood (hahahahaha, love that word) as it is so descriptive and everyone understands exactly what it “means”. Another aspect of this is that once someone crosses H st the prices seem to fall off a bit compared to say F St or G St and does this price fit the North H St pricing?

Also, another question that may be interesting for your readers is how long do they think it will take for H St to become more like U St? H is “great” around 12th and 13th where there are restaurants and music venues, but there is not a ton of retail / restaurants in between that attract a lot of foot traffic. What will need to be done to improve it and will the Tram help H St prosper?”

This house is going for $425,000. I find it very unusual that there are no photos for a house at that price particularly if it has been renovated. But to address the reader’s questions – personally I think it is a bit of a gamble. It is a gamble that I would take. (I’m talking about the neighborhood not the specific house.) While H St, NE is more lively around 12th Street I do believe the development will ultimately expand toward 3rd St. For me I moved to Petworth before there were any destination spots aside for the Hitching Post. I loved my house and I loved the feel of the neighborhood. I hoped that development with new destination spots would arrive. Thankfully they have and are still coming. I believe the same will happen to the H Street, NE area. But look, if you or your wife don’t feel comfortable then it’s probably not a good idea. Because a gamble is a gamble and you should like the neighborhood as it is because you never know how long it will take for the development to occur. Of course, you should keep in mind that you’ll be very close (in my opinion) to lots of good stuff. As for H St, NE becoming like U Street, NW that will probably depend on the economy rebounding. But I’ve heard folks say it is generally 5-7 years behind. What do you guys think?

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