Real Estate

Good Deal or Not? Fantasy Edition

By Prince Of Petworth

This house at 1334 T Street is amazing. The house itself is amazing and the location is ridiculous. The flyer says:

“Enchanting & sophisticated 4BR, 3.5BA home features high ceilings, renovated top-of-the-line kitchen, large DR w/ pocket doors & fpl, living room w/ lovely fpl & built-ins, Master suite w/ fpl, lovely rear terrace & garden w/ path leading to extraordinary studio/office w/ 4th BR & 3rd full BA over garage.”

This house has all the historical details with a nice upgrade. I particularly liked all the old school doors and floors. Plus it had a sick carriage house. And of course all that costs. Lots more details can be found here. So is $1,195,000 a good deal for this location? What do you think of the house in general? The location (too close to St. Ex)? If you don’t think it’s a good deal what do you think would be?

Good Deal or Not? Reader Request

By Prince Of Petworth

Actually a number of people have written me about this house so I thought I’d give it a go.  One reader writes:

“I wanted to suggest a newly listed house in Petworth as a candidate for “Good Deal or Not?” I’m not the seller, nor do I have any affiliation with the people who renovated house. My interest is that it’s near my house, and it’s an unprecedented price point for this area of Petworth (i.e., North Country). The address is 5101 Illinois Ave., NW (20011). It’s a 5 bedroom / 4.5 bath house on a corner lot. The house went on the market Aug. 10, and they’re asking $795,000. That’s an unheard of amount for just about anywhere in Petworth, but particularly for a house not near the metro. I’m curious what others who read the blog think. Here’s a link with information and photos of the house.”

http://www.wfp.com/propertySearch/prop.asp?id=33923647

It is a pretty huge house but that seems really high for that neck of the woods. I’m guessing nobody is going to say it is a good deal (but maybe I’m wrong). If you don’t think it’s a good deal what do you think would be a reasonable asking price for this property?

Good Deal or Not?

By Prince Of Petworth

The flyer says this rowhome at 1321 V Street, NW is:

“newly renovated townhome, 2BR/1.5BA, has gleaming wide plank maple flooring and ample closet space throughout. Light-filled kitchen with s/s Electrolux appliances, granite, custom cabinetry. Bath has porcelain tile flooring and full height shower, separate bathtub and vanity with limestone countertop. Front porch, back deck, off-street parking. 1 Block to Metro.”

More photos can be found here.

It’s a pretty sick location but is it a good deal for $675,000? Also, what do you think of the house and renovations in general?

Good Deal or Not? (And It’s Not Even A Million Dollars)

By Prince Of Petworth

So while I am very interested in knowing whether you think it’s a good deal or not, I’m also curious to know what you think of the layout, rooms, details etc. The flyer says:

“New Construction Modern Finishes Chefs Kitchen, Parking 2 cars, Exposed Duct, Master Bedroom boasts 30ft Vaulted Ceilings & Loft with ladder. 6 bathrooms Amazing Detail Must See it to believe it. Owner said No Condo Conversion here!!. Cute 2br rental wih C of O in the basement for income!!Real Estate Broker is the owner.”

There are lots more details and photos here. It was origninaly listed for $1,100,000 but is now on the market for $999,999. So what do you think about the house and of course is it a good deal or not?

Now Back To Our Regularly Scheduled Normal Posts: Good Deal or Not?

By Prince Of Petworth

Here is a beautiful rowhouse in the vicinity of the Bloomingdale neighborhood. It is located at 2303 First Street, NW. I totally dig the huge windows and third floor balcony. The flier says:

“Majestic 3 story victorian on one of the most coveted blocks in Bloomingdale/Ledroit neighborhood. Every buyers dream fixer-upper. Very livable, loads of original details, beautiful wood floors, pocket doors, wood floors, high ceilings, kitchen w/ granite/maple(apprx 10 yrs)finsihed bsmt w/ beautiful stone wall, great light, fab master suite w/ fplc, huge bath.”

More details at the Red Fin Web site. The price was originally $685,000 but is now on the market for $649,000. So good deal or not?

Good Deal or Not? Condo Edition

By Prince Of Petworth

Here’s another example of a beautiful rowhouse that has been divided into condos. (I’m not judging, I’m just saying.) It is located in a prime location at 1360 Kenyon Street, NW.

The flier says:

“Stately rowhome converted into 5 luxury condominiums w/ hardwood floors, top-of-the-line stainless steel & granite kitchens, washer/dryer in units & more! Just steps from the Metro & all of the fabulous shopping, dining and entertainment in Columbia Heights! * * Off-street parking avail for purchase at $35,000 **”

You can check out an interior photo here.

I walked into it and I have to say the layout was a little funny kind of like what they used to call rail road. Anyone else check these out. The location is great and all the condos are 2 bedrooms/2 bathrooms. Prices range from $399,995 – $474,995. The $474,995 unit also comes with a rooftop deck. So given this great location – good deal or not?

Good Deal or Not?

By Prince Of Petworth

This is a very interesting offering located at 1740 New Jersey Avenue between S and Rhode Island, NW. The flier says:

“A Very Rare Offering — Originally a Doctor’s office and residence. First level offers a 3 room suite plus bath off the main living area. Some recent improvements made while still offering you a palate in which to create your ideal home. Tax records indicate approx 5632 sq ft.”

Lots of interior photos at the Red Fin Web site here.

The price is $799,900. It’s been on the market for 319 days. So good deal or not?

Good Deal or Not? Preposterious Edition

By Prince Of Petworth

The flier says: “LOCATION LOCATION LOCATION!!! Zoned C2A, mixed use. Business on 1 level and live/rent out others. Blocks from Howard University, Petworth metro, Columbia Heights metro, a lot of upcoming retails everywhere. Hurry hurry hurry. .. .make an offer!!! Also for lease $3,500/month.” More details found here. The location is 2915 Georgia Ave and the asking price is $549,999. I think that may be the most insane asking price I’ve ever encountered for a package like this. Would a “mixed use” zoning increase the value substantially? Is this asking price pure fantasy?

Good Deal or Not? Million Dollar Edition

By Prince Of Petworth

This property at 1206 Euclid Street says:

“4500 sq Ft 6 bedroom 3 bath victorian home built in 1910 lovingly restored and renovated from top to bottom, Enormous high ceilinged rooms, restored woodwork and hardwood throughout, large closets, gourmet stainless granite kitchen, chandeliers throughout…”

Check out more details from the

Good Deal or Not? Condo Edition

By Prince Of Petworth

We have a two bedroom, two bathroom condo in a brand new building located at 1307 Clifton Street. Check out the details at the Web site here. Looks pretty good for a brand new two bed, two bath. I really like the location although I suppose it is a decent walk to either the U Street or Columbia Heights Metro. So what do you think, good deal or not? 

$399,900

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