Park View’s First $1 Million Home?

• May 28, 2013
• 4 Comments

by Shilpi Paul

3639 New Hampshire Avenue NW

A listing in Park View just emerged on the market with an asking price of $1.2 million, reported Park View, D.C.

If the home sells for close to the asking price, it will be the first $1 million home in the neighborhood.

So, what warrants the high price tag? The home is larger than a typical rowhouse, with six bedrooms and 3,114 square feet, and the price per square foot is at a reasonable $385.

The interior is freshly renovated, and because of the location at the end of a block, there are plenty of windows. And the home is well located, just a couple blocks from the Petworth Metro station.

Finally, a two-bedroom rental unit on the lower level could offset a portion of the mortgage.

Readers, what do you think? Is this listing priced correctly for the market? More photos and details below.

• Address: 3639 New Hampshire Avenue NW (map)
• Price: $1.2 million
• Bedrooms: Six
• Bathrooms: Six
• Year Built: 1911
• Listing Agent: Hien Ngo, Metro Homes Realty

This article originally published at http://dc.urbanturf.com/articles/blog/park_views_first_1_million_home/7121

4 Comments

1. Rolly said at 7:33 pm on Thursday May 30, 2013:
   It's a good location in Park View given its proximity to 11th Street and the Petworth Metro. New Hampshire isn't that bad but can get noisy during rush hour. Nicely redone and spacious house.

1. Calvin Gurley said at 1:54 am on Friday May 31, 2013:
   This is a real estate agent’s dream come true from a commission stand point. However, to use this purchase as a standard to increase home prices around the District is not true in form or substance. The Quick rising of prices for homes is what caused the past Real Estate Bubble. Form and substance as it relates to $1 million dollar homes in Ward 3 Palisades, the Naval Observatory –Mass. Ave. N.W., Calvert Road and etc. where the established housing of strong and long standing neighborhoods are filled with one and two million dollar homes that are re-enforced by the wealth of families who live in those areas. This home stands alone…in the midst of home purchases not nearly as half of this current $1 million dollar asking price. The home itself and the lack of a front and rear yards, no landscape or acreage does not offer the true worth compared to the buy-in status and well established worth that is found in the wealthy upper Northwest, District of Columbia. In short, there is no wealth associated or within the proximity of this home – location, location, location of wealth not seen in this area. Buyer beware because the asking price is a…dare. I hate to see anyone (especially folks new to the D.C. area) being taken advantage of in this “daring” housing market. Calvin H. Gurley

1. Johnny D said at 2:21 pm on Friday May 31, 2013:
   While I agree with Calvin's assessment of not having a front yard, the statement of no wealth in the neighborhood is false. Now of course it doesn't compare to Ward 3 but look a block or two to the West where homes are selling for high 6 figures. There is also a booming neighborhood scene on 11th Street and a Metro right there. This probably won't sell for 1.2 but I think it very well could get close. Park View is perfectly situated location-wise between two metros and a lot of development.

1. david said at 7:59 pm on Friday May 31, 2013:
   I knew I recognized this house at New Hampshire, and Georgia Ave I believe? Of course, like many areas including my area Eckington, it's all gentrifying. When I was in public school, JR high maybe, my father took me to the dentist office that was on the first floor. Not sure what the rest of the house was occupied for. But very nice renovation and the sale price should be well up there.