Comp and Circumstance presents two “for-sale” homes of roughly similar prices in DC and compares the pros and cons of each. This week, we discuss two properties in different sections of the city listed for $299,000. 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.
Three-Bedroom Renovated Home in Trinidad
In DC’s real estate market these days, it is rare to find properties in good condition selling for less than $300,000. This week’s Comp and Circumstance takes a look at what is available in this price point.
The neighborhood of Trinidad made headlines back in 2008 due to crime-induced police checkpoints. Since that time, however, crime has decreased in Trinidad, and the proximity of the neighborhood to the development on H Street NE has enticed home buyers to look at the low-priced properties in the evolving neighborhood.
1511 Trinidad Ave NE (map) is a newly-renovated home with three upper-level bedrooms, one full and one half bath, and a fully finished basement. The house also has a deck off of the main level and a garage parking space, but the backyard lacks privacy as there is only a chain link between the neighbors. This is a great space for the price, but buyers should be wary of safety issues and the fact that it is a hike to most area Metro stations.
One-Bedroom Condo in the Heart of Columbia Heights
One-bedroom condos in coveted areas of NW usually hover in the $350K to $400K price range, so to find a recently renovated unit in Columbia Heights for less than $300K is rare. The tradeoff with 1438 Columbia Rd NW, #204 (map) is that it is fairly small, even for a one bedroom. It has a newly updated kitchen and bathroom, and condo fees are $202/month and cover both gas and water. There is plenty of space for one person, but things may be tight for a couple. The building is right in the middle of Columbia Heights, including immediate proximity to the Columbia Heights Metro, but a parking spot is not included in the list price.
So, what do you think? Let us know your preference in the comments below.
|1511 Trinidad Ave NE||1438 Columbia Rd NW, #204|
|Pros||New renovations, lots of square footage for the money, garage parking||Located in the middle of Columbia Heights, new renovations|
|Cons||Safety concerns||Small living space, street parking|
|Links||1511 Trinidad Ave NE||1438 Columbia Rd NW, #204|
This article originally published at http://dc.urbanturf.com/articles/blog/comp_and_circumstance_space_versus_location/2633
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