Prince Of Petworth » Good Deal or Not? I thought it was House Porn but is really just a condo, but a sweet condo Edition

Good Deal or Not? I thought it was House Porn but is really just a condo, but a sweet condo Edition

This condo is located at 1326 Vermont Ave, NW:

The flier says:

“Top floor of elegant historic townhome this sunny two level condo has it all! Spectacular roof deck, high ceilings, hardwoods, W/ D, updated kit w/ handcrafed shelves, totally renovated BA w/ skylite, charm and convenience!Pretty tree lined street, steps to Metro, shops, restaurants, all the best of Logan!”

More info and photos found here.

Well, I thought the whole row house was for sale but this condo looks amazing. Sorry to dissapoint that, not surprisingly, it is already under contract. But I still think it’s worth taking a look at because I’m curious what you think of the price. And the condo itself of course. This section of Vermont Ave. is one of my favorite blocks in DC. So do you think the asking price of $323,600 was reasonable for this 1 bed/1 bath?

Category: Logan Circle, Real Estate

By: Prince Of Petworth | 07 October 2009 1:00 PM | 15 Comments

ro

sure. why not? looks like a great deal. it’s already under contract

October 7, 2009 at 1:23 pm
Multi-tasker

I like the idea that is seems like you can poop and do laundry at the same time! Now that’s what I call multi-tasking!

Oh and I’m waiting for the snarky comments from all you photogs out there to ensue about the photographer in the mirror….Frankly I’m suprised one hasn’t been posted yet!

October 7, 2009 at 1:30 pm
Jake

That’s a pretty damn good deal.

October 7, 2009 at 1:35 pm
Anonymous

I viewed this one, and there’s definitely a lot to love. I didn’t put in an offer, though, because it’s very, very small (I’d be losing square footage from the studio I’m renting now). Smaller than it looks in the photos.

The roof deck is really sweet, even given the fact that you have to climb down a crazy steep flight of metal stairs to get to it (and it’s accessed through the bedroom, which isn’t great for guests). But yeah, it’s definitely a gorgeous place, and probably worth the money (based on where the market in that area is now) for the location and features. Just too cramped for me.

October 7, 2009 at 1:38 pm
Eric in Ledroit

that IS an amazing street. the condo looks small but obviously its a good deal.

October 7, 2009 at 1:41 pm
Amelia of Gradually Greener

Need more pics. The price is great, but as far as I can see there’s only one and a half windows in the whole apartment. And is the deck pic showing the deck for THIS condo’s deck, or the view FROM this condo’s deck?

October 7, 2009 at 1:43 pm
lordscarlet

That looks like an excellent deal to me. I am keeping an eye out on prices in the area because I may put my condo on Logan Circle on the market soon. This seems very low for the market.

Compare to http://www.redfin.com/DC/Washington/19-Logan-Cir-NW-20005/unit-100/home/10192657 and http://www.redfin.com/DC/Washington/1306-O-St-NW-20005/unit-203/home/10183006

October 7, 2009 at 1:59 pm
Anonymous

Don’t forget – we know it’s under contract, but we don’t know if the buyer got as good a deal as it looks. I’m looking at similar places, and have lost several because they got bid waaay over list price. Crazy market these days…

October 7, 2009 at 2:49 pm
Pennywise

600 sq ft? Ugh.

October 7, 2009 at 2:51 pm
Anonymous

@ lordscarlet: I think the reason those other 2 haven’t sold and this one has is that it was priced right. Not too low, or it would have sold in a week or less. The others are priced too high.

October 7, 2009 at 2:54 pm
lordscarlet

@2:45 (NAMES PLEASE IS IT THAT HARD?!)

I agree completely. But I am still surprised at the low price of this Vermont Ave unit. It must feel very small. Looking at the 2004 price it went for a rather low price then as well, so there must be something about this unit. (in comparison, the 19 Logan Circle unit sold for $360k in January of 2005. Vermont Ave was asking $35k more than they bought for in July of 2004 and 19 Logan Circle is asking for $39k more (after a price reduction) than they bought for in January of 2005.

Looking at those numbers, I guess this is pretty even with the market. It is still surprisingly low to me. Great street, presumably a top floor unit, roof deck.. I would have expected it would garner a slightly higher price.

@2:49 (NAMES NAMES NAMES)
Really? I haven’t heard of anything going over list yet. Yes, things can go quick, but I have been under the assumption that they still go at or below listing price, just that people are competing over how close to get to list price. If things are going over list price, that is great news for a potential seller like myself.

October 7, 2009 at 3:04 pm
lordscarlet

Slight edit: foreclosures are definitely going over list price. Those prices are very unrealistic, though. The bank just slaps on a low price and waits for the bids to roll in.

October 7, 2009 at 3:09 pm
2:49

These all went over list, at least by 5K and the first and last one by more than that. Now’s a good time to sell, while people are still trying to get in on that tax credit!
http://www.redfin.com/DC/Washington/1931-17th-St-NW-20009/unit-206/home/9865125
http://www.redfin.com/DC/Washington/1313-Vermont-Ave-NW-20005/unit-10/home/9872740
http://www.redfin.com/DC/Washington/1840-Vernon-St-NW-20009/unit-201/home/21942209

October 7, 2009 at 3:28 pm
Anonymous

BUY MY CONDO!!

http://www.redfin.com/DC/Washington/4010-Kansas-Ave-NW-20011/unit-1/home/10349783

October 7, 2009 at 9:43 pm
DCster

Nice looking condo, anonymous @9:43pm. I viewed a house a block south of you on Kansas that went for over the listing price. I assume you like that street? – it looked pleasant and tree-lined to me. Ended up looking elsewhere for a place, but good luck on the sale!

October 7, 2009 at 10:19 pm