Comp and Circumstance usually presents two “for-sale” homes of roughly similar prices in DC and compares the pros and cons of each. This week, however, members of UrbanTurf were down in Miami, so we decided to see how DC property prices compared to those in South Florida. The price point for this week’s travel edition of Comp and Circumstance is $699,000. Let us know in the comments section below which of the two you feel is the better buy.
See all our past Comp and Circumstance features here.
Four-Bedroom Spanish Style Home in Miami’s Upper East Side
The housing market in South Florida was one of the hardest hit during the crisis of the last two years, and Miami is a city that still has a long way to go toward recovery. While real estate professionals in the region say that things are getting better, homes that used to sell for over $1 million are now on the market for far less.
This four-bedroom home is tucked away on a quiet cul-de-sac on the Upper East Side (not Manhattan) of Miami (map). In addition to a brand new kitchen and renovated bathrooms with huge showers, the Spanish-style home has a master suite with large custom closets and a patio area with oak trees that will likely make DC residents pine for year-round warm weather. The property also has an attached guest house with its own living areas. Originally listed for over $900,000, the listing price has dropped over $200,000.
Four-Bedroom Renovated Home on Monroe Street in Columbia Heights
Renovated this year, 1435 Monroe Street NW (map) is a large Victorian row home in Columbia Heights with about 2,400 square feet of total space. The house has four bedrooms, 3.5 bathrooms, a patio off of the kitchen and two off-street parking spaces. The home’s kitchen was redone with a cool, clean color scheme, an island and a six-burner stove. The master suite has vaulted 13-foot ceilings and his and her closets along an exposed brick wall. The basement is fully finished, with tile flooring and a full bathroom, and there is the potential that it could be a rental unit, but a kitchen would need to be added.
So, what do you think? Does the Columbia Heights house make you happy that you live in DC? Or does the Miami home make you want to leave DC in the dust? Let us know your preference in the comments below.
|692 NE 70 Street, Miami, Florida||1435 Monroe Street NW|
|Pros||High-end renovations, large patio, guest house||New renovations, large property, off-street parking, possible in-law suite|
|Cons||Listing price has gone down significantly and could still drop||Additions needed to be made to make lower level rentable|
|Links||692 NE 70 Street||1435 Monroe Street NW|
This article originally published at http://dc.urbanturf.com/articles/blog/comp_and_circumstance_dc_vs._miami/2685
Most Popular... This Week • Last 30 Days • Ever
The priciest condo to ever sell in DC just closed last week, nearly a month after the... read »
The former Washington Nationals pitcher got his number in McLean.... read »
It would be the second multifamily development in the neighborhood in recent years to... read »
The 19-story residential project will replace the now-closed hotel.... read »
The project could deliver up to 38 apartments and new space for the church.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The 16.5-acre property along the banks of the Potomac known as River View sold on Fri... read »
A Tysons development has the area's five tallest buildings on the boards.... read »
Homeowners will be able to expedite the ADU approval process with two options for one... read »
A rezoning may be in the works for the AutoZone site.... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro