I am still focused on price reductions and Dupont Circle this week, but today I also want to see what kind of house you can get at the high end, median and low end of the listing price spectrum. The median list price for a house right now is $1.145 million. I would guess the homes shown below on beautiful 19th St NW are valued at more than that … I just love this photo.
Check out the “recently reduced” property selling for $15,900,000 on Embassy Row. Yes, that’s right, it’s not a typo. The address is 1714 Massachussets Ave NW. You’ll need more than $2 million for each of the six luxuriously appointed bedrooms. But that’s a bargain compared to the original $17 million price tag. I wonder if the furniture is included?!
Not Quite as High End: With neighbors like those on ”Mass” Avenue, it doesn’t seem outrageous to spend $1.55 million on an 8 bed/3.5 bath row house at 1926 17th Street NW. This wonderful Victorian was built in 1907 and has been fully renovated, including the brick patio out back. It has been on the market for 22 days and was reduced in price this week from $1.69 million. My guess is that it will not last long.
Closer to the Median:
You can get a 4-bed/2.5 bath colonial row house at 1313 22nd St NW, south of the Circle. The price was reduced last week by over $100,000, to $1,095,000. It has been renovated. It also has 2 parking spots!!!!
At the Lower End:
There is a tidy 3 bed/1.5 bath federal row house closer to Adams Morgan at 1650 Florida Ave NW for $649,000. It looks cute. It has been on the market for 19 days with no price reductions yet. Open Sunday, Oct. 5, 1-4 pm.
Before you make an offer, learn about price reduction trends in your target neighborhood.