What $490K Buys You in DC

by Rebecca Ortega

In What X Buys You this week, we take a look at properties that recently came on the market in the $479,000-$499,000 range to give readers an idea of what type of home is available in this price point in DC.

Logan Circle Two-Bedroom Condo in Stately, But Perhaps Out Of Place Victorian

What $490K Buys You in DC: Figure 1

Just south of Logan Circle, this two-bedroom, two-bathroom condo unit is located on the second floor of a stately Victorian row home that sits sandwiched next to several much larger, multi-unit buildings. The majority of the unit’s square footage consists of an open/functional kitchen and a living/dining room that features a fireplace. The master bedroom includes a master bath and walk-in closet, and the second bedroom is used by the current owner as an office, with glass doors open to the living area. Condo fees are $210/month and the unit does not include parking. For the full listing, click here.

1224 13th Street NW, #202 (map)

  • Price: $479,000
  • Bedrooms: Two
  • Bathrooms: Two
  • Square Footage: 950

Photo courtesy of HomeVisit.

Two-Bedroom Capitol Hill Home With Large Back Patio

What $490K Buys You in DC: Figure 2

The area around the Potomac Avenue Metro station has become a desirable area for real estate on Capitol Hill in the past couple years. This property is a two-bedroom, one-and-a-half bath row home located just to the northwest of the Metro station, and within walking distance to area attractions such as Barracks Row. The home includes two living rooms on the first floor that can be configured as living, dining or family room areas. The upper level has two similarly sized bedrooms and a full bathroom. The exterior is attractively landscaped both in front of the house and throughout the large back patio. For the full listing, click here.

516 13th Street SE (map)

  • Price: $498,750
  • Bedrooms: Two
  • Bathrooms: One
  • Square Footage: 1,120

1,700 Square-Foot Three-Bedroom Columbia Heights Condo

What $490K Buys You in DC: Figure 3

With parking included in a recently reduced list price, this just renovated three-bedroom, three-bath condo unit in Columbia Heights is priced to sell. The unit is spread out on the first and basement levels of a row home just a few blocks north of the Columbia Heights Metro station. The first floor makes good use of a somewhat narrow layout, and the living, dining and kitchen areas are all open to each other and lead back to a small den/bedroom and full bathroom. Off the back of the first floor is a small deck, while not huge, is a fine size for a grill and small set of table and chairs. The lower level has two bedroom suites, both of which have walk-in closets. Some buyers may be turned off from buying a condo that includes a basement level, which may account for the recent $25K drop in the list price, but this one is beautifully finished and offers a lot of square footage for the price. For the full listing, click here.

3457 Holmead Place NW, #1 (map)

  • Price: $499,000
  • Bedrooms: Three
  • Bathrooms: Three
  • Square Footage: 1,704

This article originally published at http://dc.urbanturf.com/articles/blog/what_490k_buys_you_in_dc/2824


  1. Jennifer said at 2:24 pm on Tuesday January 11, 2011:
    Tough choice between Col Hts and Capitol Hill. i do love some outdoor space.
  1. bells said at 3:52 pm on Tuesday January 11, 2011:
    I would go with Columbia heights but that Logan Victorian looks very cool.
  1. SimonF said at 5:32 pm on Tuesday January 11, 2011:
    As a lover of outdoor space, I think I would have to go with the Capitol Hill home, even though the layout inside doesn't look as spacious as the other two.
  1. GoGalt said at 5:10 pm on Wednesday January 12, 2011:
    Looks nice but when are you going to feature something that the under $100k/year crowd can actually afford. Many of us are buyers but at $50k-$60k a year... a $490k home is only a dream. There's got to be something nice out there for under $250k (in a neighborhood that you won't get shot in and is Metro accessible).
  1. uriel said at 5:20 pm on Wednesday January 12, 2011:
    GoGalts, I think Petworth is a great location and you may find just what you described. Given your income level, there are different government program to which you may qualify as well.
  1. GoGalt said at 5:54 pm on Wednesday January 12, 2011:
    Thanks Uriel, I like Petworth but its a bit far away from things and crime is still an issue there. UT did a great peice on Southwest a while ago but I'm hoping they can maybe dig in to what's available and affordable in that area.
  1. Mark Wellborn said at 8:24 pm on Wednesday January 12, 2011:
    GoGalt-- Thanks for your suggestion. We plan on digging into the sub-$300,000 inventory in the coming weeks. Mark Wellborn Editor
  1. Jay said at 11:36 pm on Wednesday January 12, 2011:
    The Cola Hgts condo is literally just a few blocks away from being Petworth. With the great amount of new development moving slightly NE towards the Petworth metro station, it's just a matter of time before that area becomes as hot as the Tivoli/Target area. Besides, you'll likely be able to find an entire house that is slightly larger, and with a larger backyard. As for crime, You may want to keep that in perspective. Petworth's crime rate is statistically lower than Logan, U Street, and the Dupont Circle area.

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