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Old 09-04-2013, 01:00 PM
 
1,114 posts, read 1,487,037 times
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Quote:
Originally Posted by SweetEpiphany View Post
Speaking of decent places to live. I just came across this listing on Redfin: 318 RHODE ISLAND Ave NORTHEAST #302, WASHINGTON, DC 20002 | MLS# DC8172439 | Redfin

It's a 1 bedroom for $179, 500 and it says it's 2 blocks from the Rhode Island Avenue metro. The inside looks more than decent, at least with the way it's staged. It's listed as being in Brookland, but I think this is really Eckington or Brentwood or some place where Eckington, Brookland, and Brentwood intersect. I guess it's cooler to say it's in Brookland these days. Lol. So, there you have it folks, inexpensive housing.
Yeah that's not Brookland that's Eckington
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Old 09-04-2013, 06:55 PM
 
Location: Maryland
18,630 posts, read 19,411,561 times
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Quote:
Originally Posted by SweetEpiphany View Post
It's listed as a condo, and even with the $300 fee I still think it's a good deal. It's an older building but it has central air, a washer/dryer in the unit, it close to public transportation, restaurants, grocery store. Pretty good deal if you ask me. Only downside I see is that there seems to be a lot of crime in an around that address. The Trulia crime map was bright red for that area.
Seems like it would warrant closer inspection. It'll probably go fast though.
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Old 09-06-2013, 04:06 PM
 
58 posts, read 101,384 times
Reputation: 44
It seems like the listings are picking up speed in general, unless they are in undesirable places.
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Old 09-10-2013, 05:32 PM
 
137 posts, read 252,804 times
Reputation: 176
Quote:
Originally Posted by SweetEpiphany View Post
It's listed as a condo, and even with the $300 fee I still think it's a good deal. It's an older building but it has central air, a washer/dryer in the unit, it close to public transportation, restaurants, grocery store. Pretty good deal if you ask me. Only downside I see is that there seems to be a lot of crime in an around that address. The Trulia crime map was bright red for that area.
Small condo buildings - especially in transitional areas - can have management issues that might end up being a source of major frustration down the road. Some banks might not finance them, HOA funds can be misspent and/or hard to collect, etc. Does look like a nice unit, but I wouldn't want to be the one guy in the fancy renovated place in a transitional area.
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Old 09-12-2013, 09:22 PM
 
58 posts, read 101,384 times
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Quote:
Originally Posted by swested View Post
Small condo buildings - especially in transitional areas - can have management issues that might end up being a source of major frustration down the road. Some banks might not finance them, HOA funds can be misspent and/or hard to collect, etc. Does look like a nice unit, but I wouldn't want to be the one guy in the fancy renovated place in a transitional area.
Well, someone thought it was worth the "risk". It's under contract now. That didn't take long at all.
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Old 09-13-2013, 01:56 PM
 
137 posts, read 252,804 times
Reputation: 176
Quote:
Originally Posted by SweetEpiphany View Post
Well, someone thought it was worth the "risk". It's under contract now. That didn't take long at all.
This market is extremely, extremely irrational right now. I wouldn't judge something going under contract quickly as being a sign of a great deal. It's absolutely nuts out there - all cash deals for everything, coming from god-knows-where.
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