What $500,000 Buys You in DC

by Shilpi Paul

In What X Buys You this week, UrbanTurf takes a look at properties on the market in the $499,000 to $510,000 range to give readers an idea of what type of homes are available in this price point in the DC area.


image

H Street Corridor Row House on a One-Way, One-Block Street

The cozy, slightly isolated feel of DC’s one-way, one-block streets can create a real sense of community; Capitol Hill’s Walter Street is one shining example, and residents there enjoy several annual block parties and near daily happy hours. This three-bedroom is located on one such block just south of the H Street Corridor. While UrbanTurf isn’t sure if the block has a spreadsheet and email listserv yet, the house is well maintained and quite cute, with a checkerboard floor in the kitchen and a juliet balcony off of an upstairs bedroom.

  • Full Listing: 1312 Emerald Street NE (map)
  • Price: $509,000
  • Bedrooms: Three
  • Bathrooms: 1.5
  • Year Built: 1941
  • Listing Agent: Peter Principe, RE/MAX Allegiance

image

One-Bedroom at the Watergate With Views of the Water

A unit is on the market in the historic Watergate building. The layout maximizes the impressive view of the Potomac with floor-to-ceiling windows along the entire length of the living room and bedroom. Several glass doors offer access to a balcony. Of course, many co-ops carry massive monthly fees that can impact your bottom line, and this unit’s HOA dues of $2,276 a month are higher than most rents in the city.

  • Full Listing: 700 New Hampshire Ave NW, #305 (map)
  • Price: $499,000
  • Bedrooms: One
  • Bathrooms: 1.5
  • Square Footage: 1,280
  • Listing Agent: Ginette R. Winston, Winston Real Estate

image

Cozy Southeast Row House With Light and Openness

At some point, owners of this home decided to maximize the layout of the narrow row house. A vaulted skylight above the staircase brings light into the main level, which has an open floor plan. The home has just over 1,000 square feet of space, and the second bedroom feels a little tight, and the kitchen is stacked high with shelving to counterbalance the minimal floor space. However, a back patio and finished lower level ease the potential claustrophobia.

  • Full Listing: 1255 K Street SE (map)
  • Price: $499,000
  • Bedrooms: Two
  • Bathrooms: 1.5
  • Year Built: 1925
  • Listing Agent: Crystal Crittenden, Coldwell Banker

This article originally published at http://dc.urbanturf.com/articles/blog/what_500000_buys_you_in_dc/6013

11 Comments

  1. Josh said at 9:35 am on Wednesday September 12, 2012:

    The Watergate condo was silly to include.  With those monthly fees it basically doubles the mortgage.

  1. bellow said at 9:43 am on Wednesday September 12, 2012:

    @ Josh,

    While it might not be a good deal, I think the Watergate co-op adds variety to an article that could very easily just be Cap Hill row houses and two-bedroom condos.

  1. mj said at 9:45 am on Wednesday September 12, 2012:

    @Josh, maybe true, but the price of the unit is considerably lower than a place that size and location without that large of a fee. You can’t get a 1200 sq foot condo for 500,000K in that location. Usually when a co-op fee is that high, it includes some sort of underlying mortgage on the building, but I don’t know if that’s the case here. This place is really the equivalent of a $650,000-$700,000 condo.

  1. JB said at 10:30 am on Wednesday September 12, 2012:

    @mj, I know it’s an expensive area, but a 1BR really at $650,000-$700,000?  I just don’t see that.  I think there’s a pretty small market that would spend that much for a single bedroom.

  1. anna said at 1:16 pm on Wednesday September 12, 2012:

    the condo fees in the watergate are ridicuously high. Not a realistic buy for someone looking for home in 500k range.

  1. Daniel said at 3:30 pm on Wednesday September 12, 2012:

    The Watergate is a good property to include here because it offers variety, as bellow said. Also, understand the condo fee is high but it includes everything: all utilities, parking, cable, internet, real estate TAXES, etc. So when you think about it the condo fee is not really that much higher than when you add all those costs to a condo fee which covers very little.

    Also, there are one bedroom condos in the $500k+ range that people will buy. A good example is the Columbia (the old converted hospital) in the West End.

    If anyone is interested in more information please email me!

  1. secaphill said at 3:55 pm on Wednesday September 12, 2012:

    Emerald St, NE wishes it was Walter St, SE.  Plus, the houses on Walter St sell in less than 5 days and for around $600,000. The only thing they have in common is that they are one-way.

  1. Ibn Ezra said at 4:42 pm on Wednesday September 12, 2012:

    There are some great houses selling at or near the $500K price point in Petworth, but you chose to include the Watergate 1-BR unit in this feature? It makes me wonder who you are writing for. Would a vast number of your readers rather go house-hunting in that historic-but-ugly Watergate complex or in real neighborhoods like Petworth, LeDroit, Park View, Pleasant Plains, Takoma DC, etc. etc.)?

  1. Greg said at 4:58 pm on Wednesday September 12, 2012:

    @Ibn, the two other options are what you ask for, just not in Petworth, but what you wanted in most other respects. I think people need to realize that the article added the Watergate unit precisely to show that there are a variety of properties that can be purchased in DC for $500,000.

  1. Rayful Edmond said at 5:47 pm on Wednesday September 12, 2012:

    The issue with including the Watergate is that a potential buyer with a pre-approval at $500,000 could never get in the door with those co-op fees.

    As I’ve said before, UrbanTurf is comparing apples and oranges when they look at fee-simple and condos/co-ops.

  1. Cath said at 6:56 am on Thursday September 13, 2012:

    @Daniel- it’s a co-op fee, not a condo fee.  I know property taxes, parking and cable are rediculous in DC, but I don’t think that would add up to anywhere near the annual total for the co-op fee. It’s an added cost for living in a luxury community within a building.

Join the discussion

UrbanTurf now requires registration in order to post comments. Register here, or login below if you are already registered.

Click here if you forgot your password.




 

Laura Bowman Pimentel

Reishman Real Estate

202.709.9107

Serving:

Woodridge

Play to hear Laura in her own words

NEW!

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We’ve collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

Northern Virginia

Profiles of 14 neighborhoods across Northern Virginia

Ballston
Looking to Give People A Reason to Stay Past 6pm
Clarendon
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Rosslyn
Hitting Its Growth Spurt
Shirlington
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
Huntington
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
Parkfairfax
132 Commerical-Free Acres
Downtown Falls Church
Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

See more Northern Virginia »

Maryland

Profiles of 14 neighborhoods in suburban Maryland

Annapolis
Small-Town Living in the State Capital
Bethesda
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
Potomac
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
Wheaton
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Hyattsville
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

See more Maryland »

Northwest DC

30+ neighborhood profiles for the city's biggest quadrant

16th Street Heights
DC's Sleeper Neighborhood
Bloomingdale
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
Brightwood
DC’s Northern Neighborhood on the Cusp
Burleith
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
Crestwood
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Fort Totten
Five Years Could Make a Big Difference
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
Georgetown
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
Kalorama
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
Palisades
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Petworth
Getting a Vibrancy of Its Own
Shaw
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Takoma
Not To Be Confused With Takoma Park
Tenleytown
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

See more Northwest DC »

Southwest DC

The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

See more Southwest DC »

Northeast DC

Profiles of 10 neighborhoods in NE

Brookland
New Development Could Shake Up Pastoral Peace
Deanwood
A Little Bit of Country Just Inside the District’s Borders
Eckington
Not to Be Confused With Bloomingdale
H Street
A Place To Party, and To Settle Down
Langdon
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
NoMa
Evolving from a Brand to a Neighborhood
Rosedale
Ripe for Investment Right About Now
Trinidad
The Difference 5 Years Makes
Woodridge
Big Houses, A Dusty Commercial Strip and Potential

See more Northeast DC »

Southeast DC

6 'hoods from Capitol Hill to East of the River

Capitol Riverfront
Still Growing
Hill East
Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Hillcrest
Notable for Its Neighborliness
Historic Anacostia
Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

See more Southeast DC »

Upcoming Seminars ▾