Above Asking: What $740,000 May or May Not Buy Edition

• March 7th 2022

by Nena Perry-Brown

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This installment of Above Asking revisits two recent inclusions to a What X Buys features for a $740,000 budget — and one strayed much farther from budget than the other. 

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A $15,000 Premium for a Converted Laundry Loft

This 1,200 square-foot unit on the top floor of Mount Vernon Square's old Yale Steam Laundry building sold for $15,000 above asking while staying pretty close to the What X budget parameters. The open-concept interior has brick walls, a series of oversized windows, exposed conduits, a tall painted beam ceiling, and a custom wood wall unit that creates both a minimalist media center in the living area and a base in the kitchen. The open sleeping area is also anchored by the wall console, and the unit  has a den with built-in shelving and desk space, and includes two parking spaces.

• Full Listing: 437 New York Avenue NW, #Y30 (map)
• Asking Price: $730,000
• Sold Price: $745,000
• Bedrooms: One
• Bathrooms: One
• Square Feet: 1,222
• HOA Fees: $901/month
• Year Built: 2008
• Listing Agent: Leah Fernandez, Compass

Photo courtesy of Derek and Vee.

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A $79,000 Premium in Silver Spring

Located a block off the Georgia Avenue corridor in Woodside Park, this three-bedroom Cape Cod commanded a $79,100 premium. The living room has a gas fireplace, and the U-shaped kitchen has a box window and matching natural-colored tiles on the floors, backsplash, and countertops. The lower level has separately-zoned heating and A/C along with painted concrete walls, a wood-burning fireplace, a full bath, a storage/laundry room, and the deep backyard boasts a custom treehouse.

• Full Listing: 1601 Grace Church Road (map)
• Asking Price: $739,900
• Sold Price: $819,000
• Bedrooms: Three
• Bathrooms: Three
• Square Feet: 1,724
• Year Built: 1935
• Listing Agent: Olivia Fenton, Long & Foster Real Estate

This article originally published at https://dc.urbanturf.com/articles/blog/above-asking-what-740000-may-or-may-not-buy-edition/19353.