Deal of the Week: The One That (Just) Got Away

by Mark Wellborn

608 D Street SE

Sometimes all it takes is a nice holiday break for a home buyer to make up their mind as to whether or not they want to put an offer in on a home. As we were writing up this week’s Deal of the Week yesterday (a nice little two-bedroom home near Eastern Market) we learned that the house had gone under contract hours earlier. It is usually our practice to start hunting for another property when this happens, but in this case, we decided to still feature it for a couple reasons.

The first is that the 1,172 square-foot property had a few attributes that we felt made it stand out as an exceptional deal, namely a 50-foot backyard and patio that we believe makes this home more valuable than the list price lets on. The second is the effect that a price reduction can have on reigniting interest in a home. Originally listed on Halloween for $514,500, the price was reduced on the last day of November by $16K, hitting the sweet spot just south of $500,000 to make it deal-worthy.

More details and photos below. For the full listing, click here.

  • Address: 608 D Street SE (map)
  • Price: $498,500
  • Bedrooms: Two
  • Bathrooms: One
  • Square Footage: 1,172

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.7 percent.

  • Loan Amount: $398,800
  • Principal and Interest: $2,068
  • Property Taxes: Approx. $371/month
  • Total Monthly Payments: $2,439
Living Room
Master Bedroom
Back Patio

See other articles related to: deal of the week, dclofts, capitol hill

This article originally published at http://dc.urbanturf.com/articles/blog/deal_of_the_week_the_one_that_just_got_away/2800


  1. jones said at 9:24 am on Tuesday January 4, 2011:

    Great house and GREAT backyard!!

  1. m. said at 12:03 pm on Tuesday January 4, 2011:

    I’ve actually toured this house and trust me, it’s not everything it appears by these photos. It’s teeny-tiny, first of all, and the layout of the upstairs is incredibly odd, with multi-layered landings and weird corners. The kitchen is straight out of a mid-century museum, too (maybe a selling point for some?). At any rate, it’s proof to me that there’s MUCH more than meets the eye when it comes to photos taken by sellers’ agents and photoshopped before being uploaded.

  1. Mike said at 2:31 pm on Tuesday January 4, 2011:

    I agree with m.  I toured this place back when it came on the market, and nicknamed it “the slant house” because one of the rooms upstairs is not level, enough that placement of a bed might be a challenge.  The kitchen needs a full overhaul (orange cabinets and 80s appliances).  That said, the location is fantastic, just a block or so to the Eastern Mkt metro station.  The backyard has a lot of potential too, with possible parking, and potentially an add on in the back.

  1. LaszloB said at 11:29 am on Wednesday January 5, 2011:

    I agree with other comments, this is not as cute as it appears in the pix.  There is some SERIOUS sloping of the floors upstairs and significant work to be done to correct this ... not to mention the mid century kitchen which might not suit most folks.

  1. m. said at 3:10 pm on Wednesday January 5, 2011:

    @Mike and @LaszloB: Ahhh, yes! I forgot about the crazy sloping! I actually burst out laughing in that room wink

  1. mmf said at 6:36 pm on Wednesday January 5, 2011:

    I saw this house too and agree with the others.  Crazy low ceilings and seriously uneven floors. 

    Great location, but serious issues with the building.  I wouldn’t have lived in that place for free.

  1. Mike said at 12:57 pm on Thursday January 6, 2011:

    I so badly wanted to like this place.  The location is great, the price is unheard of for that area, and it has that deep backyard that someday you could add on.  However, I also thought I might have a stroke in the middle of the night when all the blood rushed to my head and couldn’t escape from sleeping in that slanted room.

    I guess if you were a Florida/Syracuse/UVA/Illinois grad, the orange kitchen would be a bonus.

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