Looking on Redfin there are a few places in NW DC that can be had for less than $200K. This is one. It will more than likely need work. However, it may be one of those things you can fix up while living rough. Sort of a bachelor project or something for a super handy couple.
Yet, it is interesting to see the number “1” in front of the numbers for some abodes again. Haven’t seen that number starting housing prices since 2003. Don’t be fooled by the 4 bedroom 3 bath claim. Houses on that side of the street are small and are usually 2 bedroom and at the most 2 bathrooms.
Tag: houses
1555 4th St NW 4 Sale
This house on a corner lot up for sale $450K. According to Redfin, there are tenants and the current rent for the two unit thing is $2600. You can keep the tenants, keep 1/2 or take the whole thing and have a big ole house.
1700 4th NW 4 Sale
I believe it was the house of this gentleman that I wanted to interview. I could be wrong. Someone on Sq 507correct me if the elderly man lives in another one of the red houses.
1700 4th is the 1st red house, detached looking, up for sale. The Redfin
Crap house, 1/2 a mill
According to our friends at redfin, this lovely piece of crap is up for sale for $500,000. As you see, it is a shell.
Here is what the script about it says:
APPROVED PLANS AND PERMITS EXISTS FOR THIS ONE STOREY ADDITION AND CONDO CONVERSION TO 2 BED 2.5 BATH LUXURY CONDOS. .. .STARTED CONDO REGISTRATION, PLUMBING, FOUNDATION AND BLOCKWORK TO 3RD FLOOR, INTERIOR FRAMING AND ROOFING. ONE OF PRIVATE LENDERS DIED, THE ESTATE EXECUTORS PRESSED TO CLOSE HIS ACCOUNTS, BUILDER/OWNER COULD NOT FINISH WORK; WHAT A DISTRESS. I NEED A QUICK SALE, BRING ALL OFFERS PLEASE.
First, I am sorry for your loss.
Second, Luxury…. There is nothing luxury about this, no guarantee that it would have been luxury even if a lender lived, and was just really sick.
And, third, my mind races wondering, ok, your individual, not a bank or financial institution, lender dies, what does that have to do with anything? I could understand if a part owner, part investor died that would be a problem for the other owner/investor and builder. But if my lender/ mortgage bank was to implode, go out of business, etc, then my mortgage would get sold to another lender, as it is an asset.
So let me get this straight. You buy a property at the top of the market for $405K in 2005. You screw around with it to try to turn it into two condos, mess up the windows, and throw a pop up on top, which could be incredibly ugly. The city discovers, hey, this is vacant and in 2008 starts charging you at the vacant rate and now you owe $13K in taxes, some of it looking like back taxes from 2007 too. At some point somebody necessary to this scheme passes on to the great beyond. And so you place this mess on the market, during a downturn.
Best of luck with that.
My deepest condolences to the people who have to live near this.
Houses to be demolished
I’d gotten several emails about the structures to be demolished on North Capitol and Hanover Place. I haven’t followed through and posted anything, but luckily, Bloomingdale (for Now) did. He’s got pictures.
Gonna Take More Than A Coat Of Paint For This Baby
Up on the auction block is 1620 4th St NW. This weekend B., I.T. and I took a look at this house that is listed for $250K. I’m guessing that’s where the bank wants to start bidding. Last time it went to auction it was in the $300,000 range and didn’t get sold.
Taking a closer look at it, the interior is a mess and it was designed by crackheads. The small bathroom has wasted space near the toilet. There is very little closet space, considering there could be more, and something that could be used as storage is closed off. Then there is the wood rot around the windows (see picture) and the water damage in the back bedroom.
There were some ‘investors’ sniffing around. As a short term investment this is a no. I guess it would take $60-$100K of work, and I don’t think the average rent amount for the area, plus taxes would rake in the dough. Besides we kind of prefer owner occupiers ’round here. Not that renters are bad. We’ve had some wonderful rehabs done by owner occupiers who have up and moved due to marriage or job and are renting their places out, and those places are fine. It’s the ones where the owner approached it as a rental (or a developer as a flip) and did superficial work that are undesirable.
There are more pictures just put in “1620 4th St” as a search term in flickr and the pix I took will show up.
Fire at 1530 3rd Street
Thank goodness for Truxtoncircle.org or else I wouldn’t know about these things…
On Wednesday a house on 3rd Street caught on fire. Pictures of the incident are over at DCFD, who reports that the Fire Department responded to the report of there being people trapped. However, there doesn’t seem to be anything else saying if there actually were people inside.
Jolly’s Mommy in the Post
If you knew Jolly, he was the wheezing slow walking chicken bone finding beagle of Richardson Pl. Well his mommy (who is also the mommy of a child and another child to be) got featured in the Post magazine. I’m trying to figure out how I missed the article completely, so thanks Scott Roberts.
Though the family has just recently relocated for a great new job for Ben, Lyric is still running her house staging business Red House Staging here in DC. Lyric loves what she does, and it is wonderful to see that it is possible to create a career that brings you joy.
NW TC houses 4Sale
Mrs. Gibb’s house is no longer popping up on Redfin so that leaves me to gather that it is under contract. I hope that goes well. The house next to hers (yellow house in picture), 1628 3rd Street, is up for sale for the sweetheart price of $284,900, I wonder what’s wrong with it? It’s advertising itself as a 3 bedroom 1 bath “bayfront Victorian showing age and in need of a redo. Classic floorplan, everything painted, but orig mantels, 2 sets of pocket doors in place.”
The two 4th St NW houses that were on the market, then went off the market, are back on. This time it says that the renters were given right of first refusal. Now even though the renters can’t and don’t want to buy the houses, it’s nice (and legally required) to be asked. The prices for the rentals, still high, and I’ve been told about some ‘issues’ with one of the houses, that would need to be addressed. Knock the price down by $30- $50K as they will both eventually need work.
There is another house in the hood that I really want sold. Ok, not just sold, fixed up but owner occupied. But what can I do as a 3rd party? I’m seriously thinking of making up fliers to try to get that damned house sold, as it is becoming a nuisance.
Big Blue/Grey Off the Market
If going by Redfin and ZipRealty, 1721 4th St, the big house with the 1/2 of a postage stamp back yard is off the market. Hopefully it is under contract, but we won’t know if it actually sold for a while. Also on 4th St and are both off the market are 1608 & 1624 4th St NW. They are owned by the same guy and the places have renters, so I wonder if he’s taken them off the market to sell later or get the renters out and fix up the places for sale. I heard he failed to present the renters with the right of first refusal. At the prices he’s asking he’s going to have to go in an make an effort (cleaning/ new paint/ maybe staging), or lower the price. I say lower the price, but we’ll see what happens.
Over on 1st St NW, 1223 isn’t popping up either, so I gather that’s off the market as well. But the house next door at 1225 is still for sale for around $550K.