Real Estate Double Take | Steal of a Deal in Cathedral Heights

18 Feb
February 18, 2014

As a native Washingtonian, I pride myself on being knowledgeable when it comes to local cuisine, shortcuts, public transportation routes, and (most importantly) neighborhood characteristics. All neighborhoods, from the gentrifying and up-and-coming to the downtrodden, are all stored in my memory banks and have a couple decades of history behind them for good measure. This knowledge helps me get around the city and gives me a much better perspective on where home ownership is most desired. Certain neighborhoods require a lot of cash to lay down roots. There are many reasons for this that I won’t go into, but the simple fact that Foxhall and Georgetown require much more capital than the H St. Corridor and Columbia Heights is something that I and other Washingtonians accept.

Except for today. Because there is one bit of real estate that is not playing by the same rules. And, for a wise investor, a property like this is more than a deal. It’s a downright steal!

Cathedral Heights is a small, residential part of DC surrounded by other equally small neighborhoods unfamiliar to most Washingtonians so I won’t bore you with specifics. All you need to know are the big landmarks and features that will make this real estate listing all the more valuable:

  • National Cathedral
  • Tenlytown Metro (Red Line)
  • American University
  • Massachusetts Avenue

Have I drawn a pretty good picture for you? Good, because that picture should be worth millions of dollars. This is generally not the kind of area where people are looking for their starter homes. This area is where long-time residents put their feet firmly in the ground years ago and where families looking to upgrade to finer amenities are looking to stake a claim. But, for reasons unknown, 3209 Sutton Pl. Unit A did not get the memo because this home is listed at a mere $599,875, hundreds of thousands of dollars lower than most properties of its kind in the surrounding area.

Here’s the major breakdown:

  • Beds: 2
  • Baths: 2.5
  • Sq.Ft.: 1,332
  • Year Built: 1980 
  • Interior: Floor Plan-Open

Do you see anything odd about this property yet? The bathroom situation is fine, but the bedrooms are lacking. Junior may have to bunk with his younger brother, but a 1980-built home with a surprisingly-modern open floor plan is very hard to find.  Let’s look a bit closer shall we?:

  • Condo Fee: $498.00
  • Yearly Taxes: $4,373.68
  • Parking: 2 Unassigned, Surface

Okay, a condo fee. Nobody likes paying extra fees, but for a house in a prime location with a layout fit for a small family you can’t ask for a better price. Unassigned parking is a hassle, but is it a real deal-breaker? Is there anything else I can find that might deter potential home buyers?:

  • On the market: 11 days
  • Updated bathrooms
  • Pet friendly community
  • Wood floors
  • Wood-burning fireplace

The only problem I have with this place is that the floors and kitchen are dated. But honestly if that’s the only thing that’s wrong with this listing I’d have no problem scooping this place up and spending a small amount to renovate.

Someone please check this out and tell me that the place is haunted or that there’s a crazy neighbor in the adjacent house. Because this anomaly should not be happening in a neighborhood like this. Or maybe it just goes to show that the lines demarcated by neighborhoods in the District that we consider so sacrosanct are a little blurrier than we thought.

Interested? Get More Info

Andrew Lander

Digital Marketing Coordinator at Avery-Hess, Realtors
Tysons Corner HQ
Office: (703) 448-0485 x101
Email: alander@averyhess.com
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