Posh Not Selling in Kalorama / Fixer-Upper Will Sell
They say that if you have a lot of money then a down market can be the best time to buy. Well, maybe that will get wealthy Kalorama moving soon – because it ain’t moving quickly now! On a single block of Wyoming Ave NW there are four properties for sale.
The latest is this federal-style row house at 2128 Wyoming Avenue NW. It has 4 bedrooms, 3.5 baths, and all-important parking. The interior photos looks okay but the decor does not appear updated. It is listed at $2,150,000 and will be open on Sunday, Oct. 12 from 1-4 pm.
Best of luck to this seller, who is not the only one to put a house on the market in the last two weeks. Interesting timing. I wonder if any Kalorama mortgages will be bought out and renegotiated under the proposal McCain made in the debate on Tuesday night?
Kalorama Fixer-Upper More Likely To Sell
For buyers with less money but high aspirations to live long-term in this beautiful neighborhood, here is a rare and potential major opportunity: one of the last fixer-uppers in Kalorama. It is a 7 bed/3 bath row house at 2158 California Street NW. It looks like it was abandoned once and has been awaiting renovation for some time. The list price is $850,000, which is what you could pay for a large 2-bedroom condo in this neighborhood! My mouth is watering and my imaginary self is snapping it up.
Related posts:
>Walk this Way: Kalorama
Cheers,
Allison
Veronica said:
That’s a beautiful picture!
October 10, 2008 9:35 AM
Keith said:
The District has assessed the California property at $699K [$394K "improvements", $305K land]. Sounds like a more “reasonable” price for a shell with no parking [yet].
October 10, 2008 2:29 PM
allison said:
Well, let’s see what it goes for! For anyone who loves this neighborhood and wants to live there (as opposed to buying an investment opportunity) then I still stand on the idea that this is a rare find worth exploring (assuming they have several hundred thousand more to spend on immediate and future renovations, obviously.) In my view, Kalorama will always be in demand over the long term, even if we are in a rocky period now. Also, since the seller put it on the market at this inauspicious time, I would bet he/she needs the cash and might be willing to negotiate.
Thanks for commenting.
October 13, 2008 8:48 PM