What's Hot: A More Vivid Look at 557-Unit Development Proposed Near Dave Thomas Circle | In DC, the Home Flipping Market is Hottest East of the River
Multiple Bids: Price Falling on Florida Avenue

In Multiple Bids, UrbanTurf showcases homes that we think will attract the attention of several buyers. This week, we look at a three-bedroom rowhouse located in the area between Adams Morgan, the U Street Corridor and Dupont Circle.
Besides the desirable location, this property caught our eyes because of the precipitously falling asking price. Since it hit the market in early May, the price has dropped from an original $815,000 to its currently list price of $675,000. Generally, a price drop like this would indicate a motivated seller.
The home is on a relatively quiet portion of Florida Avenue, and has a some interesting stonework on the facade. The footprint is a little small, and the resulting layout, with two rooms on each floor, might not appeal to everyone. However, the home is in good condition with many updates, and the master bathroom has an extra-large tub for two.
The seller will be considering contracts late Tuesday. More photos and details below.
- Address: 1702 Florida Avenue NW (map)
- Price: $675,000
- Bedrooms: Three
- Bathrooms: Two
- Year Built: 1904
- Price Per Square Foot: $408
- Listing Agent: John Edelmann, Coldwell Banker Residential Brokerage



Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.3 percent.
- Loan Amount: $540,000
- Principal and Interest: $2,672
- Property Taxes: $529
- Total Monthly Payments: $3,201
See other articles related to: multiple bids, dclofts
This article originally published at http://dc.urbanturf.com/articles/blog/multiple_bids_price_falling_on_the_u_street_corridor/7293
Most Popular... This Week • Last 30 Days • Ever

This week’s Best New Listings includes a mid-century modern house in Holmes Run Acr... read »

UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »

The 1.5 million additional square feet of development along the Washington Channel is... read »

The two-bedroom, two-bath unit hit the market on Monday for just under $2 million.... read »

The Q1 2021 crane count shows DC in the lead.... 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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro
5 Comments