Comments on: Good Deal or Not? http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/ Welcome to the beautiful life Sun, 21 Mar 2010 05:26:35 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Anonymous http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/#comment-128138 Anonymous Wed, 29 Oct 2008 22:58:17 +0000 http://www.princeofpetworth.com/?p=4468#comment-128138 The decoration is looking really dated, especially for something that really only works as a modern space! The decoration is looking really dated, especially for something that really only works as a modern space!

]]> By: Hiya http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/#comment-128137 Hiya Wed, 29 Oct 2008 18:30:03 +0000 http://www.princeofpetworth.com/?p=4468#comment-128137 The tile makes the place seem like a giant bathroom to me. The tile makes the place seem like a giant bathroom to me.

]]> By: Davey http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/#comment-128136 Davey Wed, 29 Oct 2008 18:02:24 +0000 http://www.princeofpetworth.com/?p=4468#comment-128136 And while I know this is subjective, that wall to wall tile seems so Florida retirement condo to me. And while I know this is subjective, that wall to wall tile seems so Florida retirement condo to me.

]]> By: Anonymous http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/#comment-128135 Anonymous Wed, 29 Oct 2008 17:44:04 +0000 http://www.princeofpetworth.com/?p=4468#comment-128135 Of course the lower price makes it more reasonable, and it probably now if approaching being reasonable in more than just a relative sense. With a price cut like that, I imagine the goal is to gin up multiple bidders and in fact get something over the new list. Good luck to them on that strategy. Price cutting is all about the seller's level of urgency/desperation. Frankly, with that location and space, I'm very surprised they're cutting the price rather than just renting it for a year and hoping the market improves. That place would rent easily at 3500/mo, I've got to believe. Of course the lower price makes it more reasonable, and it probably now if approaching being reasonable in more than just a relative sense. With a price cut like that, I imagine the goal is to gin up multiple bidders and in fact get something over the new list. Good luck to them on that strategy.

Price cutting is all about the seller’s level of urgency/desperation. Frankly, with that location and space, I’m very surprised they’re cutting the price rather than just renting it for a year and hoping the market improves. That place would rent easily at 3500/mo, I’ve got to believe.

]]> By: Anonymous http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/#comment-128134 Anonymous Wed, 29 Oct 2008 17:43:48 +0000 http://www.princeofpetworth.com/?p=4468#comment-128134 ...maybe they are counting both the square footage of the roof deck space and the aquare footage of the parking space as part of the total space? That would add up to about 1400 square feet maybe? Wouldn't be very kosher to do that, but can't trust real estate agents farther than you can throw them... …maybe they are counting both the square footage of the roof deck space and the aquare footage of the parking space as part of the total space? That would add up to about 1400 square feet maybe? Wouldn’t be very kosher to do that, but can’t trust real estate agents farther than you can throw them…

]]> By: Anonymous http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/#comment-128133 Anonymous Wed, 29 Oct 2008 17:41:37 +0000 http://www.princeofpetworth.com/?p=4468#comment-128133 I've been in it, and don't believe that it is 1400 square feet (DC Tax data has it at 1032 square feet, which truthfully seems like an underestimation). You can gather that it is small from the pictures: The living room (while dramatic b/c of the height) is quite compact. Maybe if they hadn't taken out the ceiling there it would be 1400 square feet, but I even doubt that. Let's say 1200 square feet, and that's 565/sq foot. And given the weirdness of this property otherwise, its not worth it. The stone floors just make me think how cold it would be to walk around there. And the second bedroom is laid out weird, b/c the spiral staircase takes up space, and the whole area is open to the living room before, which doesn't provide much space. The roof deck is great (other than the fact you've got to go through the "bedroom" to get there...I hope they leave the grill and patio furniture, b/c it would be a pain to get anything up that spiral staircase). It looks nice, but highly impractical. I’ve been in it, and don’t believe that it is 1400 square feet (DC Tax data has it at 1032 square feet, which truthfully seems like an underestimation). You can gather that it is small from the pictures: The living room (while dramatic b/c of the height) is quite compact. Maybe if they hadn’t taken out the ceiling there it would be 1400 square feet, but I even doubt that. Let’s say 1200 square feet, and that’s 565/sq foot. And given the weirdness of this property otherwise, its not worth it.

The stone floors just make me think how cold it would be to walk around there. And the second bedroom is laid out weird, b/c the spiral staircase takes up space, and the whole area is open to the living room before, which doesn’t provide much space. The roof deck is great (other than the fact you’ve got to go through the “bedroom” to get there…I hope they leave the grill and patio furniture, b/c it would be a pain to get anything up that spiral staircase). It looks nice, but highly impractical.

]]> By: Jamie http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/#comment-128132 Jamie Wed, 29 Oct 2008 17:33:45 +0000 http://www.princeofpetworth.com/?p=4468#comment-128132 The location is awesome and it sounds like a great condo. Personally, I can't get behind spending the better part of a million bucks to end up with half a town house. But given the amenities and location, if you are one who likes condo living and you can afford it, it's probably a good deal. That is, condos in big buildings at worse locations sell for a half mil anyway so it seems competitive. Myself, I'd rather have two entire houses in Petworth or Shaw. The location is awesome and it sounds like a great condo. Personally, I can’t get behind spending the better part of a million bucks to end up with half a town house. But given the amenities and location, if you are one who likes condo living and you can afford it, it’s probably a good deal. That is, condos in big buildings at worse locations sell for a half mil anyway so it seems competitive.

Myself, I’d rather have two entire houses in Petworth or Shaw.

]]> By: Anonymous http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/#comment-128131 Anonymous Wed, 29 Oct 2008 17:32:39 +0000 http://www.princeofpetworth.com/?p=4468#comment-128131 Really good deal. and 485/sq foot is remarkable for that area. Really good deal. and 485/sq foot is remarkable for that area.

]]> By: j http://www.princeofpetworth.com/2008/10/good-deal-or-not-32/#comment-128130 j Wed, 29 Oct 2008 17:22:25 +0000 http://www.princeofpetworth.com/?p=4468#comment-128130 The roof deck, fully enclosed garage, and location all make it very attractive. I love Corcoran Street. The roof deck, fully enclosed garage, and location all make it very attractive. I love Corcoran Street.

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