Real Estate

Good Deal or Not? Reader Request

By Prince Of Petworth

This home is located at 203 Morgan Street, NW:


View Larger Map

The flier says:

“REDUCED! MOTIVATED AND REALISTIC SELLER. GORGEOUS MODERN RENO OF THIS 2BR PLUS 1BR/1BA INLAW SUITE BSMT. VERY EUROPEAN, SLEEK, AND UNIQUE WITH AMAZING, TRULY HIGH END KITCHEN. MUST SEE. GREAT DESIGN, SUNNY SPACE, NO HALLWAYS, DARK FLOORS AND HIGH CEILINGS. UNIQUE, SPECIAL SPACE”

More info and photos found here.

The reader writes:

“I was thinking of making an offer on a house which I actually found through a comment on one of your other GDoNs. It is an interesting place and the rental basement which goes for about 950/month makes it affordable for me.

I went to two open houses and really love it but I’m nervous about it since it’s my first house. I was concerned about the lack of storage and the owner said he would construct a huge new closet in an existing nook.. Anyway, I’m going back this weekend and figured if the PoP crowd said it was a good deal I may just bite the bullet.”

I like that it’s on a nice “mini” street. Help the reader out – $474,900 sound reasonable for this house?

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: 1745 U St NW

Original List Price: $1,399,900.

List Price at Contract: $1,249,900.

List Date: 10/24/2008

Days on Market: 165

Settled Sales Price: $1,175,000.

Settlement Date: 05/21/2009

Seller Subsidy: $24,032.

Bank Owned?: No

Type Of Financing: Cash

Listing History: Most recent sale was in February 2008 for $540,000. When the property was a shell. More info below.

Original GDoN Post is: Here.

Recent Listing is: Here. To see interior pics, click on camera icon at top left after you open the link.

It

Good Deal or Not? Double Door Edition

By Prince Of Petworth

This home is located at 473 Ridge Street, NW:


View Larger Map

The flier says:

“Delightful south-facing & renovated 2BR home on charming & quiet blk in great Mt. Vernon Square area. Walk to Metro, City Vista, new Safeway, Results, Busboys & Poets. Hardwood flrs, crown molding, exposed brick, sep living & dining areas, fireplace, renov bath & kit w/ granite counters, huge lot with plenty of room to garden, entertain AND park 2 cars. A real gem!”

More info and a virtual tour found here.

I was excited to see this house for sale because we looked at the double (front) doors a few months back. This 2 bed 1 bath is going for $369,000. Sound reasonable? What do you think of the home itself?

Good Deal or Not? Weekly Wed. House Porn Edition (Reader Request)

By Prince Of Petworth

This home is located at 949 S Street, NW:


View Larger Map

The flier says:

“Vic reno to perfection, 4br( incl MBS w/ custom closets)/3.5 lux BA, 2 beautiful high income producing apts. Mix of traditional & contemporary, unique, hwfs, custom KI/BAs, 3FPS, Mould, columns, 45 wdws, wine cellar, potent roof deck, landcape yard and 3 pkg. .. and so much more.”

More info here and a virtual tour here.

Wow, this is some proper house porn. What do you think of the house itself? It’s yours for $1,850,000.

Good Deal or Not? “FAB-U-LOUS” Edition

By Prince Of Petworth

This home is located at 1258 10th Street, NW:


View Larger Map

The flier says:

“The FAB-U-LOUS 1200 block of 10th is a hidden treasure! This semi-detached 2BR/2.5BA top-2-btm renov is on a block w/ beautiful, well kept homes & great neighbors! LARGER than it looks w/ great light from N/S/E, high ceilings, wood flrs, gas fp, custom built-ins, stuctured wiring thruout, large MBR w/ tray ceiling, gorgeous kit w/ 3 windows, wine fridge, 2 Juliet balconies, slate patio & PARKING!”

More info and photos found here.

Well no doubt this a nice renovation. I’m also interested to hear what you think about the value of the new wiring (you can see in one of the photos). But this 2 bed 2.5 bath will not come cheap – $693,000? Is the renovation/location that good? Wow, I actually see that the status says, “Contingent (No Kick Out)”. So did they get a good deal?

Good Deal or Not? Turret Edition

By Prince Of Petworth

This condo is located at 1301 T Street, NW:


View Larger Map

The flier says:

“Fantastic location! Just 1 block to U St. Metro. Attractive corner 3 unit condo. The turret is the dining room just off a fully equipped kitchen w/ granite counters. The LR has built-ins, skylight & a gas FP. MBR has a balcony. Unique fetures & wood floors throughout. Off street parking is included and pets are welcome. .. huge wrap around yard to play in. A charmer in a great neighborhood!!”

More info found here and a virtual tour found here.

I think this is a pretty interesting unit. You have to check out the virtual tour. The rooms are really uniquely shaped in a pretty cool way. It’s also nice that it’s got skylights. What do you think of the shapes of the rooms? Does $499,000 sound good for a 2 bed 1 bath unit in this location?

Good Deal or Not? Dueling Renovations on Flagler Place

By Prince Of Petworth

These homes are located right next door to each other at 2130 and 2132 Flagler Place, NW:


View Larger Map

The flier for 2130 says:

“Quality renovated Victorian on much desired quiet St in historic LedroitPk. Charm & convenience are everywhere in this beautiful warm blend of light, space, wood, brick & flow. Gourmet kit/open lr-dr w/ fpl/3-4br/3.5 BA/exp’d brick/lg media rm/deck/prof lands’d garden+secure pkg. Finished Lr lev could be sep. Stroll to Metro/shopes/cafe/frs. markt.”

More info and photos found here.

The flier for 2132 says:

“Complete Renovation in 2008. OVER 200K! Home separated into 2 units. Indonesian Cherry Floors, Granite Countertops, Maple Cabinets, Luxury Master Suite and 2 full bathrooms upstairs. Fully finished English Basement with ceramic tile and gourmet kitchen. (2BR/1BA) Exposed Brick walls on all levels. 2 private patios and garage parking in rear. True craftsmanship as you walk throughout the home.”

More info and photos found here.

I’m curious which you like better. What do you think of the renovations? 2130 is going for $584,900 and 2132 is going for $600,000. Do either sound reasonable?

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: 5730 1st St NW

Original List Price: $469,000.

List Price at Contract: $459,000.

List Date: 12/27/2008

Days on Market: 99

Settled Sales Price: $462,500.

Settlement Date: 05/28/2009

Seller Subsidy: $15,000.

Bank Owned?: No

Type Of Financing: FHA

Listing History: Last purchased in December 2007 for $410,000. & a $12,300. Subsidy. Prior to that, it changed hands in July 2003 in AS IS condition for $269,999.

Original GDoN Post is: Here.

Recent Listing is: Here. To see interior pics, click on camera icon at top left after you open the link.

If one were to spend much time analyzing Prince of Petworth Good Deal or Not (GDoN) comments, it would quickly become apparent that there are three basic categories of real estate in the District of Columbia. The most common one is the you

Good Deal or Not? “Gleaming Totally Redone Rowhouse” Edition (Reader Request)

By Prince Of Petworth

This home is located at 537 Kenyon Street, NW:


View Larger Map

The flier says:

“Gleaming totally redone rowhouse w/ legal sep unit able to bring up to $1K/mo in rent! Granite/SS breakfast bar kit, sunroom, 2-car off-street parking, deep yard. Great, modern baths, good closets + light! Sep unit w/ own entrances, SS kit, gorg granite bath, good light. In middle of CH/Petworth commercial districts! GREAT PRICE – WOW!”

More info and photos found here.

This looks like a nice reno. I dig the kitchen and am intrigued by the backyard. What do you guys think of the house? I wonder if the legal separate unit can really bring in $1k per month? Does $475,000 sound reasonable for this 4 bed 2.5 bath house?

Good Deal or Not? Weekly Wed. House Porn (Reader Submitted)

By Prince Of Petworth

This house is located at 1830 13th Street, NW:


View Larger Map

The flier says:

“This 5BD/4.5BA renovated Victorian row home is one of Logan Circle’s most prestigious properties. Four expansive levels of lavish living space, gourmet kitchen, luxurious master suite, dining room, gorgeous fireplaces & hardwood floors, lower level in-law suite, and outdoor space. Also includes secure off-street 2 car pkg.”

More info and amazing photos found here.

Oh man, sweet house on a sweet street. Check out the fourth photo of the top row. Incredible! What’s your favorite part of the house? It can be yours for $1,495,000.

View More Stories