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UrbanTurf Reader Asks: A Good Two-Bedroom in DC for $400,000?

by Mark Wellborn

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Rhode Island

In this installment of UrbanTurf Reader Asks, a reader who is moving to DC from Rhode Island wonders if $400,000 will buy her a nice two-bedroom property in DC, or if she will need to start looking in Maryland and Virginia.

I am relocating to DC for work from Providence, Rhode Island at the end of the year. I would like to buy a two-bedroom property (doesn’t have to be a condo), and my budget is between $375,000-$410,000. Ideally, I would like to stay below $400,000. I don’t have to be in a very “hot” area, but I am looking for a rather spacious (900 square feet) unit. I’d like to be able to walk to the Metro and have at least one good bar or restaurant close to home. Is DC even a possibility at this price/amount of space or should I start looking in Maryland and Virginia?

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This article originally published at https://dc.urbanturf.com/articles/blog/urbanturf_reader_asks_a_good_two-bedroom_in_dc_for_400000/1244

12 Comments

  1. CPResident said at 11:18 am on Tuesday August 18, 2009:

    You can find them, but the question is just where. Dupont Circle? No. Mount Vernon Square? Probably.

  1. Pam said at 12:06 pm on Tuesday August 18, 2009:

    I would look in Petworth or Columbia Heights. You can get a lot for your money there and be close to metro, bars, etc..

  1. underdog said at 12:38 pm on Tuesday August 18, 2009:

    Here is a cute place near U-street, but the kitchen looks tiny.  I do like this street, close to the action but far enough away that it isn’t too loud.  Keep in mind that parking on Florida can be sketchy.

    http://tiny.cc/7CxDR

  1. Tom A. said at 1:03 pm on Tuesday August 18, 2009:

    This place looks really cute, and is way under 400k!  Very close to the “hip” area of H Street. 

    Not too close to metro, but for 100k less it’s worth it to walk far to metro or take the bus!

    http://tiny.cc/v45DM

  1. ColHghts said at 10:27 am on Wednesday August 19, 2009:
  1. Sarah said at 10:28 am on Wednesday August 19, 2009:

    My building in Mt. Pleasant had rennovated nice 2-bedroom, 2-bathroom units for right around $400K.  Contact Habitat Real Estate if you are interested! http://www.habitatrealestateinc.com/index.php

  1. aj said at 10:37 am on Wednesday August 19, 2009:

    I just bought a 2br/1 bath around Florida and 18th for $400k on the 2nd floor. these are rare, if you’re willing to look at terrace level and basement units, you can still find things in the dupont area. but you’re definitely looking at a condo for $400k.  Mt. Pleasant does have a couple of smaller 2 brs around that price range, closer to 800-850 square feet. When I was looking I found Mt. Pleasant to be over priced, and by that I mean more expensive than Dupont which is ridiculous given its distance from a metro stop.

  1. Chris W said at 10:52 am on Wednesday August 19, 2009:

    We looked at this one and loved it. Our house search is on-hold due to some financial concerns, but we really liked this one.

    http://www.redfin.com/DC/Washington/1543-6th-St-NW-20001/unit-101/home/21647777

    Good luck hunting.

  1. Laura Ferrazzano said at 11:12 am on Wednesday August 19, 2009:

    I agree with the other posts that it is possible to find a 2 bedroom around $400,000 in DC.  However, since you are coming from out of town and may not know the nuiances of the local DC area real estate market, my suggestion is for you to enlist the services of a real estate agent. I am a Realtor and would be more than happy to assist you in your home search.  Feel free to contact me directly at .(JavaScript must be enabled to view this email address).

  1. Bryan said at 11:56 am on Wednesday August 19, 2009:

    No self interest here. Take it with a grain of salt:

    If I read into your “..coming from Providence..” and “..doesn’t have to be a condo” correctly, you would prefer a SFR. I’ve scoured the DC market for quarters now, and for what you want (likely something on the “West end” in DC), 400k is certainly the sour spot for easily finding something.

    Like prior posters mentioned, you can pounce on a condo as soon as it hits the market in the best areas of the city. I’ve seen listings history and they are occasionally listed. Just be prepared for competition. You will be able, however; to take a chance on a SFR in the more up and coming areas. For your entry point, you can purchase a renovated/fairly turn-key attached home in Columbia Heights, with a moderate walk to the metro. (The blocks immediately surrounding the Georgia Ave metro station are still sketch, but the properties around it are a good value).

    Otherwise, I suggest stalking the Arlington VA market. It’s boring, but the last time I was there, a lot of development and flavor had taken over the Courthouse/Rosslyn Area. Even south Arlington had some interesting values. Don’t sleep on Foxhall, if you can find a listing, and of course Chevy Chase is a great (but expensive) option. Good luck.

  1. Citi said at 12:47 pm on Wednesday August 19, 2009:

    I recently purchased a 1400 sq ft condo in Shaw for 389K.  It was a recently renovated foreclosure with a few minor repair issues.  They are out there if you look hard, and work with an agent you trust. I had my heart set on finding something in DC, and it worked out that way.  I just knew I would find it, so have faith.

  1. roots said at 4:15 am on Thursday August 20, 2009:

    I just purchased a 2BR 2BA first floor unit (about 6 feet above street level) on the U Street Corridor Shaw border (Rhapsody condo). It was built in 2006 and listed as 1050 sq ft with the “livable) square feet around 945.

    Price was 379k which included a underground parking spot and did price does not include 5k toward closing. Condo fees are about $450.

    They are out there, just have to be patient.

Comments are closed.

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