loading...

DC Buyer: 40 Year-Old Banker Who Has the Kids on the Weekend

by Martin Smith

DC Buyer is a series on UrbanTurf where we look at buyers from various demographics and provide available housing options for them in the current DC market. If you are a prospective buyer and would like to be featured in DC Buyer, send an email to .(JavaScript must be enabled to view this email address). See all of our past DC Buyer articles here.

This week, we’re looking for properties for Brice, a 42 year-old banker who is relocating to DC. Brice has two young children who live with him on weekends, so he is looking for a three-bedroom property. He earns a salary of about $120,000 per year, and has a strong credit score of 744. While he has minimal credit card debt, he does have a $350 a month car loan. If he can find a property in a transit-friendly part of town, he will sell the car.

image
1107 O Street NW

Brice is selling his home out of state and has priced it competitively so it should sell fast. After the sale, Brice will have around $400,000 in positive equity he can roll into a new home. He’s shopping in the mid to upper $500s.

Brice wants something that’s centrally located where he can walk, take transit or cabs to almost anywhere he wants to go. He also wants a home that doesn’t require a lot of work, since he’d rather spend his weekends with his children than shuttling back and forth to the home improvement store. Lastly, he’d like something that is in an already-established neighborhood.

image
3006 13th Street NW

The first choice we found for Brice is a unit at 1107 O Street NW. This townhouse conversion in popular Logan Circle is close to both Metro and multiple bus lines, and with three bedrooms and two bathrooms it has ample space. Since it is relatively new construction, it shouldn’t need much work other than painting to taste. The condo has an in-unit washer and dryer, a private balcony, and a good deal of storage space. The master bedroom is quite large, but the other bedrooms are also good-sized for when his daughters visit. The list price of $579,999 puts it well within his price range.

Brice’s second option is 3006 13th Street, NW, Unit A. With three bedrooms and two and a half baths and over 1,700 square feet of interior space, this Columbia Heights unit really feels more like a townhouse than a condo. Unlike the Logan property, it features a half bath, which is convenient if Brice decides to entertain. This unit is relatively close to the Columbia Heights Metro and neighborhood bus lines, but also includes a parking space. The downside is that the basement (part of the living space) has limited natural light. It is currently listed for $599,990.

image
238 G Street SW

Our last choice for Brice is 238 G Street SW, a townhome that is just across from the Mall in Southwest DC. Southwest is often neglected by buyers who favor a Northwest or Capitol Hill address, but the area actually offers incredible value and proximity to everything the city offers. The three-bedroom, 2.5-bath home was recently renovated, and includes an off-street parking space. In addition, the massive windows (mostly sliding glass doors, actually) give the property an almost greenhouse-like feel. It is two blocks from the much talked-about Southwest Safeway, and a quick walk to Nationals Park if Brice wants to take his kids to a game. On top of that, it is within walking distance to the Blue, Orange, and Green Metro lines. It is listed for $529,900, which also makes it the least expensive option of the three properties featured.

Given these three choices, where should Brice put in his offer?

See other articles related to: dclofts, dc buyer

This article originally published at https://dc.urbanturf.com/articles/blog/dc_buyer_40_year-old_banker_who_has_the_kids_on_the_weekend/2039

11 Comments

  1. Dillon said at 7:59 am on Wednesday May 5, 2010:

    A tie between the Logan Circle unit and the Southwest unit. I would give the edge to the Logan Circle place only because I think it is more convenientally located.

  1. Betsy Hart said at 10:18 am on Wednesday May 5, 2010:

    Even though the Columbia Hts property has the most space, I would go with the Southwest unit. That area has really come on in recent years.

  1. emerald said at 10:39 am on Wednesday May 5, 2010:

    I really like the SW property. Great space & beautiful kitchen.

  1. Brad said at 1:21 pm on Wednesday May 5, 2010:

    Location, location, location!  If that is Brice’s main consideration, Logan circle is undoubtedly the choice.

  1. Elizabeth said at 1:21 pm on Wednesday May 5, 2010:

    Definitely the Logan Circle property.  Great light, big space, and convenient neighborhood.

  1. Lauren said at 1:53 pm on Wednesday May 5, 2010:

    SW Prop is nice, but Logan will have better resale value and is a more established neighborhood.

  1. Lisa said at 2:29 pm on Wednesday May 5, 2010:

    The Logan apt seems to be a no brainer as far as moving right in and has all the amenities he is looking for.

  1. Mary said at 2:50 pm on Wednesday May 5, 2010:

    One thing I like about SW is that I think it’s a little easier for suburban visitors. Street parking’s a boatload easier to find, it’s not very complex to navigate to from the beltway and so forth. So, I’ve enjoyed the fact that it’s just about as easy to get, say, friends from the ‘burbs with a couple kids and a minivan to come to dinner as it is my single friends who have no car and metro or bike everywhere. And, in my mid-30s, I have both sets of friends and like to be able to have both come over.

  1. jessica ottinger said at 8:43 am on Thursday May 6, 2010:

    i think brice should be to the apt on logan

  1. Winston Rossell said at 2:43 pm on Thursday May 6, 2010:

    I moved to Logan Circle a few years ago with similar needs as Brice and I could not be happier with the neighborhood. The Logan Circle home is clearly the best choice if location, convenience, and lasting value are what you’re looking for.

  1. Scourge said at 9:52 am on Friday May 7, 2010:

    The property in SW - I love the light and the kitchen! Plus, when the development around Nats Stadium picks up, that area is going to boom.

Comments are closed.

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
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
Fort Totten
Five Years Could Make a Big Difference
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 neighborhoods 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 ▾