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Wednesday, April 04, 2007

Buy Me and Fix Me Up

I troll craigslist looking for all things Shaw and recently found this interesting listing for a fixer-upper on 8th Street. 8th Street is an increasingly quaint and revived enclave in Shaw. With the reopening of 8th Street between O and P to be brought by the O Street Market redevelopment and the (fingers crossed) eventual redevelopment of crime-ridden Kelsey Gardens at 7th and P, the street will likely be even more appealing in the near future. As craigslist listings expire, I will repost all info and photos below:

Distressed rehab property, 2 BR 1.5 BA, single family home for sale by owner. In sought after neighborhood 3 blocks from DC Convention Center. Two blocks from Metro stop. You can take over the completed renovation plans that will gut and extend property 25 add'l feet (constr. cost $199,000), and upgrade to 5 BR, 3.5 BA. Design rendering available. The already appraised completed value by the bank nears $900,000. Cannot follow-through on plans--maybe you can. You can even choose your own contractor; design pros are committed to project oversight. Looking for $500K cash or best offer.





13 comments:

Shaw Rez said...

I drafted this post yesterday and see that the Craigslist listing has already expired--my apologies!

rr 446 said...

for 200 in construction costs, what is it the Taj Mahal?

Anonymous said...

what's the address on 8th?

Shaw Rez said...

If I recall the post correctly, I think it's 1546 8th Street (I'm not positive, though--I can walk down 8th this evening to verify).

Drew said...

1546 is correct... seems the design plan suggested would include a large addition to the back of the structure to turn those 2 bedrooms into 5... sacrificing outdoor space. I'm sure an alternate plan could be developed to maybe just add one more bedroom and keep lots of yard space in the back... Are 5 bedroom necessary? Then again, guess it depends on how much of an outside person you are, the more yard, the better in my opinion.

Anonymous said...

Any word on the Kelsey Gardens situation?? ie., when any possible redevelopment should be coming?

Anonymous said...

I called the management company and they said a year or so. My guess, and its only a guess, is that much in the way of scheduling and planning is dependent upon Roadside's development of the O Street Marketplace. That will be the keytone project for the whole area. Roadside told me that 7th street across from Kelsey has been bought and will have new commercial and, thanks to shaw rez, we know that the Warrenton Group is planning on developing the vacant structure on 7th and Q.

Anonymous said...

Anon at 14:49, THANK YOU so much for that info!! that's very hopeful....i have my fingers crossed! :)

Anonymous said...

..ooops, i meant 12:49!

Anonymous said...

Is it just me, or does $500k seem way high for basically a really run-down 2 BR with no parking?!?

rr446 said...

it does and there are all ready too many conditions attached. basically, it's a functioning shelland a total gut job. thenyou have to assume all the crap they've agreed to? buyer beware.

Dave M said...

Yeah.. Freak'n crazy. Yeah, this house could be "cute" but it is only a federal row house. Has no distinctive character. In my opinion it is only worth $350,000

The owner -- AARON T WILLS -- bought the property on 6/02/2006 for $453,000

So let me get this right, his pipe dream and approvals on a plan are worth $47,000 -- seems like he considers himself a good designer. lol!

rr 446 said...

dayum he could have gotten a deluxe renovated joint in Brightwood for that price with french doors, 3 baths and granite kitchen..LOL