Real Estate

Good Deal or Not?

By Prince Of Petworth

I thought this was an interesting one given some of the prices we’ve seen for rowhomes divided into condos. This is a complete rowhome located at 3707 35 Street, NW in Cleveland Park. The flier says:

“Charming Cleveland Park town home. Living room with fireplace and built-in bookshelves. New oak floors & molding in LR and dining room. Remodeled kitchen w/ Energy Star appliances, Jenn Air gas range & glass door to deck. 3 bedrooms upstairs and new luxury bath with Kohler fixtures. Attached garage and large fenced-in yard. Walk to Metro, restaurants & shops.”

More photos and info can be found here.

The price has dropped from $789,000 to $729,000.

I’m curious to know what you think about this one – good deal or not?

Good Deal or Not?

By Prince Of Petworth

The flier for this home located at 4305 4th Street, NW says:

“Opportunity in this Solid Brick Townhouse with 3 Bedrooms, 1.5 Baths in up and coming Petworth. Convenient to Petworth Metro, and Georgia Avenue Busline. This home is in Good Condition and is priced to sell.”

More details found here.

Wow, I think I may have found a good deal. This home is priced at $319,000. Does this make it a good deal?

Good Deal or Not? Condo Edition

By Prince Of Petworth

This nice row house split into condos is located at 1312 Florida Ave., NW. The flier says:

“New renovation of 3-unit Victorian end unit * 11-ft ceilings * Brazilian cherry H/W floors * Exposed brick throughout * 2 fireplaces * Large, elegant working kitchen w/ granite & stainless * Private master bath w/ spa shower system * 13 windows + vertical skylights * 8-ft interior doors * Steps to metro, restaurants, nightlife and shopping * LOW condo fee!”

More photos and photos can be found here.

So for this location is a 2 bedroom 2 bathroom for $575,000 a good deal or not?

Good Deal or Not?

By Prince Of Petworth

The flier for this home at 1640 Florida Ave, NW says:

“NEW PRICE Stylish 1909 brick row offers 2 Large BRs + 3rd BR/Office, Renovated Full BA, Delightful open LR/DR combo w/ soaring ceilings, exposed brick walls, and charming gas log stove, Modern Powder Rm, Updated TSKit w/ granite counters, Huge Deck, perfect for entertaining PLUS Off Street Parking Conveniently located in Dupont, Near U St & Adam’s Morgan Street Beaut Move-in Cond”

More info and photos found here.

It seems real nice but a bit small. The property was originally listed for $649,000 but has dropped to $625,000. So does the new price make it a good deal or not?

Good Deal or Not? Super Fixer Upper Edition

By Prince Of Petworth

I’m super curious to know what you guys think about this fixer upper located at 1207 Kenyon Street, NW. This is one of the first total fixer uppers I’ve been able to find. The flier says:

“In “hot” Columbia Heights. Less than 2 blocks from Metro/Kenyon Square & Tivoli w/ movies restaurants, shopping, gallerys, Giant, Target, Best Buy etc. Use your creative senses to bring this old beauty to life. Hi ceilings and large pic windows, hardwood floors, molding, exposed brick, and HUGE! Have permits that are valid until June 2009 for demo and front yard. Have preliminary plans available.”

More details can be found here.

I don’t know how much a gut renovation costs but the “bones” of this home certainly seems nice and of course the location is killer. But given the needed rehab is $569,000 a good deal or not?

Good Deal or Not?

By Prince Of Petworth

The flier for this house at 2027 13th Street says:

“LOCATION! LOCATION! LOCATION! This Amazing Renovated Victorian Townhome is steps to the Lincoln theater, numerous restaurants, coffee shops, shopping, and METRO!!! This is an Entertains’s Dream Kitchen. 3 bedrooms, 4 1/2 baths w/ basement inlaw suite. PARKING!! Roof Terrace with Stunning views of Sunsets over the Washington Monument.”

More info and virtual tour found here.

Now I’m not going to lie to you. This seems expensive as hell. So forget whether it’s a good deal or not at the asking price of $1,247,500. But the photos are amazing. It looks like it was a total renovation. So I’m really curious to know what you think about the renovation?

Reader Comment on Home Buying Troubles

By Prince Of Petworth

From last week’s open thread:

“My fiancee and I are in the process of buying a house – we’re almost done with the inspection and we were almost to the home stretch until this insane financial crisis caused PMI (private mortgage insurance) to skyrocket. I know we’re lucky to even GET a loan, but the payments we had projected have gone up by several hundred dollars. Now we aren’t sure if we’ll be able to afford our payments! We’re running through all the scenarios now and hoping for the best, but we’re very nervous…”

This is crazy. Isn’t PMI fixed? Does it often fluctuate? Sorry to hear of the headache. Let us know what happens.

Good Deal or Not?

By Prince Of Petworth

I thought this would be a cool house to look at as it is located on one DC’s “hidden streets”. In this case Caroline is located between T and U off 15th Street. The flier for this home at 1507 Caroline Street, NW says:

“True Charmer! Semi-detached rowhouse on MUCH sought after CAROLINE ST! Off-street pkng in fully-fenced yard. High ceilings, beautiful wood floors & stairway, wood burning fpl, eat-in kit, original transom details.”

More photos and details can be found here.

Pretty sweet but is it sweet enough for the asking price of $789,000? I thought it was interesting that there was only one bathroom…

Good Deal or Not? Condo Edition

By Prince Of Petworth

This has been a week of good deal or not previously featured on PoP. This particular condo at 2128 11th Street was featured in a judging buildings post. People seemed to like the building so when I saw a condo for sale I thought it’d be interesting to see if you thought it was a good deal. The flier says:

“MUST SEE, UNIQUE PROPERTY! Clean lines and open flow are emphasized in this bright unit with window walls in the Living and Dining rooms. Large Master Bath features 2 sinks, tub and shower. Bamboo floors, stainless appliances, granite and marble finishes. Large private balcony with a panoramic view. Parking included, two blocks to U Street metro.”

More photos and info found here.

So in this location, in this building, is a 2 bedroom, 2 bathroom for $635,000 a good deal or not?

Good Deal or Not?

By Prince Of Petworth

This home at 925 O St, NW was a previous door(way) of the day. (Interestingly this is the second former door of the day I’ve seen for sale…) Anyway, the flier says:

“ESTIMATED $1800 FROM 2 BR MAKES THIS HOME AFFORDABLE & A GOOD INVESTMENT. VERY UNIQUE SPACIOUS & LIGHT FILLED CORNER HOUSE. OWNER’S RESIDENCE HAS 3 BR 2.5 BATHS. SPACIOUS LIVING ENTERTAINING AREA W FP, GOURMET KITCHEN WITH FP DECK, MASTER SUITE W FP & LOFT. PARKING, WALK TO NEW CONVENTION CENTER VERIZON CENTER GALLERY PLACE & O ST. MARKET.”

More info and photos found here.

I’ve always liked corner rowhomes. This property was originally priced at $1,249,500 but is now listed at $997,500. Ed. note: the Web site says a prior price was $975,500. I’m not sure if they increased the price. Is that possible? So for this home at this location is nearly a cool million a good deal or not? How much value do you add to a corner home?

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