Comments on: It’s Time To Play Good Deal or Not? http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/ Welcome to the beautiful life Fri, 10 Feb 2012 00:57:11 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Petworth Princess http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115165 Petworth Princess Wed, 21 May 2008 20:31:00 +0000 http://www.princeofpetworth.com/?p=2636#comment-115165 I drive past that house all of the time at all times of the day and night and yes, two blocks in from Georgia Ave., it's pretty darn quiet and residential-like. I like the house and pointed it out to Mr. PP because we want something bigger and want to stay in the area, but the price tag is too high for us. In fact, most of the houses we want in nearby neighborhoods that are about this size and nicely reno'd are priced in that range. I drive past that house all of the time at all times of the day and night and yes, two blocks in from Georgia Ave., it’s pretty darn quiet and residential-like. I like the house and pointed it out to Mr. PP because we want something bigger and want to stay in the area, but the price tag is too high for us. In fact, most of the houses we want in nearby neighborhoods that are about this size and nicely reno’d are priced in that range.

]]> By: Cliff http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115164 Cliff Wed, 21 May 2008 04:05:31 +0000 http://www.princeofpetworth.com/?p=2636#comment-115164 THis house is a stones throw from me. Its a great neighborhood. Reading the above comments you'd think this was Anacostia or something. All of the renovated larger houses around here go for the mid 600's, though a great house just sold for 515,000. Technically, if it were on the other side of the street it would be Columbia Heights though this section is considered "Park View"(title to my house says ColHts but my friends insist its not). Regardless, I think it will go for around 600k Petworth is a large neighborhood, too. I don't think you can compare values north of Upsure with south of Upsure. I read somewhere that average for inside the loop is 300, and Georgetown was the highest at 700 - it might have been in the Washingtonian or something. THis house is a stones throw from me. Its a great neighborhood. Reading the above comments you’d think this was Anacostia or something. All of the renovated larger houses around here go for the mid 600′s, though a great house just sold for 515,000. Technically, if it were on the other side of the street it would be Columbia Heights though this section is considered “Park View”(title to my house says ColHts but my friends insist its not). Regardless, I think it will go for around 600k

Petworth is a large neighborhood, too. I don’t think you can compare values north of Upsure with south of Upsure. I read somewhere that average for inside the loop is 300, and Georgetown was the highest at 700 – it might have been in the Washingtonian or something.

]]> By: Anonymous http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115163 Anonymous Tue, 20 May 2008 21:00:32 +0000 http://www.princeofpetworth.com/?p=2636#comment-115163 what it comes down to is whether or not someone who can afford 700,000 for a home would want to live there. what it comes down to is whether or not someone who can afford 700,000 for a home would want to live there.

]]> By: ZetteZelle http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115162 ZetteZelle Tue, 20 May 2008 20:42:17 +0000 http://www.princeofpetworth.com/?p=2636#comment-115162 According to sales records from the Office of Tax and Revenue, there were 12 houses sold in Petworth in March. (This excludes multi-unit buildings and dwellings with square footage below 1,000, as well as houses with a listed sale price of 0.) Average price was $335K; average square footage was 1,333, for about $250/square foot. Lowest cost was $172/sf; highest was $355/sf. Note that square footage is only above-grade, excluding basements. According to sales records from the Office of Tax and Revenue, there were 12 houses sold in Petworth in March. (This excludes multi-unit buildings and dwellings with square footage below 1,000, as well as houses with a listed sale price of 0.) Average price was $335K; average square footage was 1,333, for about $250/square foot. Lowest cost was $172/sf; highest was $355/sf.

Note that square footage is only above-grade, excluding basements.

]]> By: Incredulous http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115161 Incredulous Tue, 20 May 2008 20:14:40 +0000 http://www.princeofpetworth.com/?p=2636#comment-115161 $700k is too high for where that house is located. saying "that house in [dupont/columbia heights/adams morgan/chevy chase] would cost so much more than $700,000" is meaningless. you could buy the entire nation of Haiti for $1 million, but would you want to live there? it's all about location. and i'd love to see the source for $260-$270/sq. ft. being "the market" for Petworth. if that's true, i REALLY got a bargain last Sept. when i paid $430,000 for a 2700 sq. ft. renovated house much further off Georgia Ave. in a quieter, safer part of Petworth. $700k is too high for where that house is located. saying “that house in [dupont/columbia heights/adams morgan/chevy chase] would cost so much more than $700,000″ is meaningless. you could buy the entire nation of Haiti for $1 million, but would you want to live there? it’s all about location.

and i’d love to see the source for $260-$270/sq. ft. being “the market” for Petworth. if that’s true, i REALLY got a bargain last Sept. when i paid $430,000 for a 2700 sq. ft. renovated house much further off Georgia Ave. in a quieter, safer part of Petworth.

]]> By: Miss K http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115160 Miss K Tue, 20 May 2008 19:42:59 +0000 http://www.princeofpetworth.com/?p=2636#comment-115160 Technically we are not in a recession anymore. Technically we are not in a recession anymore.

]]> By: nate http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115159 nate Tue, 20 May 2008 19:28:30 +0000 http://www.princeofpetworth.com/?p=2636#comment-115159 If that house sells for 625 or anywhere near that price in a supposed recession, that is just one more sign to me that times have really changed. If that house sells for 625 or anywhere near that price in a supposed recession, that is just one more sign to me that times have really changed.

]]> By: Just J http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115158 Just J Tue, 20 May 2008 17:15:59 +0000 http://www.princeofpetworth.com/?p=2636#comment-115158 My first thought was no way, but after seeing the inside The asking price isnt so ridiculous. I think the reality is that they are going to have a hard time getting $700K 2 blocks off of GA ave, it will probably sell for about $625K My first thought was no way, but after seeing the inside The asking price isnt so ridiculous. I think the reality is that they are going to have a hard time getting $700K 2 blocks off of GA ave, it will probably sell for about $625K

]]> By: Anonymous http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115157 Anonymous Tue, 20 May 2008 16:56:23 +0000 http://www.princeofpetworth.com/?p=2636#comment-115157 location location location. that house doesnt have it. But I have no doubt that it will sell for that price... 3 years from now. location location location. that house doesnt have it. But I have no doubt that it will sell for that price… 3 years from now.

]]> By: nate http://www.princeofpetworth.com/2008/05/its-time-to-play-good-deal-or-not-4/#comment-115156 nate Tue, 20 May 2008 16:28:33 +0000 http://www.princeofpetworth.com/?p=2636#comment-115156 That is a nice house. What would a house like this cost in Col Hgts or Shaw? That is a nice house. What would a house like this cost in Col Hgts or Shaw?

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