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What $160,000 Buys You in the DC Area

by Shilpi Paul

In What X Buys You this week, UrbanTurf takes a look at properties on the market in the $159,000 to $170,000 range to give readers an idea of what type of homes are available in this price point in the DC area.


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Lanier Heights Condo With a Walk-in Closet

For those who want to buy at this price but don’t want a long commute, a few options in Lanier Heights popped up in our search. The small neighborhood is tucked between Mount Pleasant and Adams Morgan and is a quick walk to many other neighborhoods, but the price point for one-bedrooms tends to be quite a bit lower than in other parts of DC. This unit is bright, well-maintained and the bedroom is tucked away from the main living area in a “junior one-bedroom” fashion. It’s on the small side, but a walk-in closet and built-ins would help keep the space uncluttered. The one thing on the high side is the unit’s monthly fees.

  • Full Listing: 1801 Clydesdale Place NW, #704 (map)
  • Price: $169,900
  • Bedrooms: One
  • Bathrooms: One
  • Square Footage: 566
  • HOA Fees: $395
  • Listing Agent: David Bediz, Coldwell Banker Residential Brokerage

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Just Over the Border In Prince George’s County

Just across the DC border from the Ward 7 neighborhood Marshall Heights, this Capitol Heights listing is a three-bedroom, detached home. The listing is located less than a mile from the Capitol Heights Metro station on the Blue Line, two stops from the Stadium-Armory station. The home comes with a spacious, green backyard and an updated kitchen, bathroom and A/C system. In addition to 942 interior square feet, there is a storage shed in the backyard.


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Top Floor Condo in Falls Church

Located in Falls Church about ten miles from the center of DC, this one-bedroom is a good option for someone who is eager to own and doesn’t mind driving. The top-floor unit is carpeted and modest, and comes with a parking space. The bathroom is full of shiny, well-maintained features, but the kitchen is a bit claustrophobic and outdated.The HOA fees are on the low side.

This article originally published at http://dc.urbanturf.com/articles/blog/what_160000_buys_you_in_the_dc_area/7427

9 Comments

  1. h st ll said at 2:54 pm on Wednesday August 7, 2013:

    Nice, I like the variety in locations and a look at some more reasonably priced homes.

  1. me said at 2:59 pm on Wednesday August 7, 2013:

    So what’s the catch on the Lanier Heights “condos”?? Are they actually co-ops with high deposit requirements ?? (say 30%)

  1. EmptyNester said at 3:11 pm on Wednesday August 7, 2013:

    reasonably priced homes?

    less than 600 sq ft walkup in a 60 YO building on the Culmore side of Seven Corners (“falls church”) for 164k. 

    And a house in lovely Capital Heights.  Burglar alarm not included.  and even there you get less than 1000 sq ft and only one bath - but at least its only 40 years old.

    Im not asking for handouts - but lets at least be honest and not pretend any housing in this area is “affordable” in the more common uses of that word.

  1. PG2SE said at 3:39 pm on Wednesday August 7, 2013:

    There are a lot of people who have lived in Capitol Heights for years without getting their homes burglarized. And personally, I’ll take the old construction over the new stuff they throw together in a couple months any day.

    If your requirements are new builds over 1000 sq ft for $160K, then you are, in fact, looking for handouts.

  1. PG2SE said at 3:52 pm on Wednesday August 7, 2013:

    And, oh yeah, ditto what h st ll said. Thanks for exploring a lower price point than usual and highlighting a variety of locations.

  1. Michael said at 8:42 am on Thursday August 8, 2013:

    1801 Clydesdale is indeed a Coop.  It’s also a Jr 1 Bed and not a true one bedroom unit. 

    There’s also an underlying mortgage but the coop fee of 395/month covers that.

  1. kob said at 1:12 pm on Thursday August 8, 2013:

    I’m surprised the Clydesdale place hasn’t sold yet. At 100% financing, the mortgage will be around $850 at 4.5%. The coop fee, which i assume includes taxes, $400. The total monthly cost of $1250-1300 is a little lower than a studio rental in this area (I’m increasingly seeing studio rents $1,500 plus). The asking price seems very good, but for some reason the places on Clydesdale always seem to be at least $20-$40K under the studio prices a few blocks away.

  1. EmptyNester said at 2:54 pm on Thursday August 8, 2013:

    PG

    old stuff - because like the 1950s were known for the triumph of craftsmanship?  These aren’t Victorians we are talking about.  and its great you know people who haven’t been burglarized - but the crime stats show a lot crime in Capital Heights. 

    My price range personally is north of this level, and I’m past the point in life where I want a SFH.

    But these listings only confirm that housing in this region is expensive - compared to what its historically been, and compared to other metro areas of similar size.  And that we need SOME policies to make it more affordable - if not handouts, than maybe some relaxation of all the things that limit new supply.

  1. MangSellsHomes said at 1:36 pm on Tuesday August 20, 2013:

    A small house at a great price

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