loading...

Deal of the Week: The One That (Just) Got Away

by Mark Wellborn

image
608 D Street SE

Sometimes all it takes is a nice holiday break for a home buyer to make up their mind as to whether or not they want to put an offer in on a home. As we were writing up this week’s Deal of the Week yesterday (a nice little two-bedroom home near Eastern Market) we learned that the house had gone under contract hours earlier. It is usually our practice to start hunting for another property when this happens, but in this case, we decided to still feature it for a couple reasons.

The first is that the 1,172 square-foot property had a few attributes that we felt made it stand out as an exceptional deal, namely a 50-foot backyard and patio that we believe makes this home more valuable than the list price lets on. The second is the effect that a price reduction can have on reigniting interest in a home. Originally listed on Halloween for $514,500, the price was reduced on the last day of November by $16K, hitting the sweet spot just south of $500,000 to make it deal-worthy.

More details and photos below. For the full listing, click here.

  • Address: 608 D Street SE (map)
  • Price: $498,500
  • Bedrooms: Two
  • Bathrooms: One
  • Square Footage: 1,172

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.7 percent.

  • Loan Amount: $398,800
  • Principal and Interest: $2,068
  • Property Taxes: Approx. $371/month
  • Total Monthly Payments: $2,439
image
Living Room
image
Master Bedroom
image
Den
image
Back Patio

See other articles related to: deal of the week, dclofts, capitol hill

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_the_one_that_just_got_away/2800

7 Comments

  1. jones said at 9:24 am on Tuesday January 4, 2011:

    Great house and GREAT backyard!!

  1. m. said at 12:03 pm on Tuesday January 4, 2011:

    I’ve actually toured this house and trust me, it’s not everything it appears by these photos. It’s teeny-tiny, first of all, and the layout of the upstairs is incredibly odd, with multi-layered landings and weird corners. The kitchen is straight out of a mid-century museum, too (maybe a selling point for some?). At any rate, it’s proof to me that there’s MUCH more than meets the eye when it comes to photos taken by sellers’ agents and photoshopped before being uploaded.

  1. Mike said at 2:31 pm on Tuesday January 4, 2011:

    I agree with m.  I toured this place back when it came on the market, and nicknamed it “the slant house” because one of the rooms upstairs is not level, enough that placement of a bed might be a challenge.  The kitchen needs a full overhaul (orange cabinets and 80s appliances).  That said, the location is fantastic, just a block or so to the Eastern Mkt metro station.  The backyard has a lot of potential too, with possible parking, and potentially an add on in the back.

  1. LaszloB said at 11:29 am on Wednesday January 5, 2011:

    I agree with other comments, this is not as cute as it appears in the pix.  There is some SERIOUS sloping of the floors upstairs and significant work to be done to correct this ... not to mention the mid century kitchen which might not suit most folks.

  1. m. said at 3:10 pm on Wednesday January 5, 2011:

    @Mike and @LaszloB: Ahhh, yes! I forgot about the crazy sloping! I actually burst out laughing in that room wink

  1. mmf said at 6:36 pm on Wednesday January 5, 2011:

    I saw this house too and agree with the others.  Crazy low ceilings and seriously uneven floors. 

    Great location, but serious issues with the building.  I wouldn’t have lived in that place for free.

  1. Mike said at 12:57 pm on Thursday January 6, 2011:

    I so badly wanted to like this place.  The location is great, the price is unheard of for that area, and it has that deep backyard that someday you could add on.  However, I also thought I might have a stroke in the middle of the night when all the blood rushed to my head and couldn’t escape from sleeping in that slanted room.

    I guess if you were a Florida/Syracuse/UVA/Illinois grad, the orange kitchen would be a bonus.

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 ▾