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Revisiting The Ten Least Expensive Homes In Shaw/LeDroit Park


The refrain repeats itself: Inventory is low, low, low. Then why did many of these Shaw and LeDroit listings sell below asking price? If everything is rolling into multiples and only buyers with fistfuls of greenbacks are considered, then something doesn't add up. Many of these 2012 properties in a booming nabe with a forest of cranes sold but not for what the sellers were expecting. The question remains if 2013 will be a repeat of that.

10. 910 M St
Asking Price: $809,500
Square Feet: 1,265
Price Per Square Foot: $640
The Lowdown: We start our yet-to-be-determined-style-of vibe in the southern end of Shaw. This 2 bedroom, 2 bath condo is in The Whitman and has sat on the market for over 200 days. But there are not 1 or 2 or even 3, but 4 balconies and a parking space included in the unit's sale. As well as a ton of other amenities in this development.
Update: This sale is pending since the price got the ax. The ask is now $735,900.

9. 1732 10th St
Asking Price: $801,732
Square Feet: 1,664
Price Per Square Foot: $482
The Lowdown: A newbie to the market, this 3 bedroom, 3.5 bath house needs a bit of staging for its exterior pic. While its interior looks open (or austere), the house has a studio with a full bath. Can you say "rental income"?
Update: This puppy with potential sold for a bit less than what it wanted: $771,000.

8. 59 P St
Asking Price: $514,900
Square Feet: 1,432
Price Per Square Foot: $360
The Lowdown: Talk about a price jump from #9 to #8. This Shaw/Truxton Circle 3 bedroom, 2.5 bath house just hit the market, and it isn't much from the outside. But inside it's "newly renovated with all the bells and whistles including a knock-out gourmet kitchen, beautiful bamboo floors, plenty of sunlight and off-street parking". And to continue the sales pitch, the listing highlights all the construction happening in the area. While it's a bitch to live through it, when it's all done (whenever that is), you might be sitting pretty.
Update: Right on the money. Well, the listing sold for its ask back in September.

6. 440 Rhode Island Ave
Asking Price: $459,857
Square Feet: 1,050
Price Per Square Foot: $438
The Lowdown: Rolling in another penthouse? Well, not quite, but this is a top-floor condo. So while your other brethren in the building will be relegated to the plebeian levels, your patrician sensibilities will be catered to in this contemporary 2 bedroom, 2 bath unit.
Update: For $430,000, this 2 bedroom found a buyer.

5. 72 O St
Asking Price: $439,900
Square Feet: 1,280
Price Per Square Foot: $344
The Lowdown: If you want something well-proportioned, embrace this Italianate row house with 3 bedrooms and 1.5 baths. Reduced from $469,900, this listing has been on the market nearly 200 days, but the crib has got character. So what's the hold up?
Update: A bit below the ask, but the home still went for a respectable $425,000.

4. 1827 6th St
Asking Price: $399,999
Square Feet: 750
Price Per Square Foot: $533
The Lowdown: Gotta love pricing psychology. Coming in a hair under $400K, this 1 bedroom, 1 bath is in The Bernard. Do you know where this boutique building is? It's in Shaw, which is "DC's most up-and-coming neighborhood". (We guess all the other nabes are just regular up-and-coming.) And this building has a "sane and solvent condo" association. In case you're wondering.
Update: Sold. Done and done.

3. 1215 11th St
Asking Price: $369,000
Square Feet: 750
Price Per Square Foot: $492
The Lowdown: Whether you consider this West Shaw or East Logan, all we know is this 1 bedroom, 1 bath condo is hot, hot, hot. The new listing is in a boutique building with parking included, cabinets that aren't dark brown but instead are espresso, and luxurious baths. (Because who wants a boring old bath anyway?)
Update: Talk about a hit. The final price back in August was $320,000.

2. 1605-1607 7th St
Asking Price: $349,900
Square Feet: 832
Price Per Square Foot: $421
The Lowdown: We always love a listing with personality, and this one has it in spades. Reduced by $10,000, this 1 bedroom, 1 bath condo with an open floor plan wants to connect with you. "Ask me about the bathroom. You're asking? OK, it's gorgeous." But don't take the seller's word for it. Check it out yourself.
Update: Again, this one sold below ask for a final price of $325,000.

1. 605 Rhode Island Ave
Asking Price: $345,000
Square Feet: 817
Price Per Square Foot: $422
The Lowdown: And this week's least expensive Least Expensive is a 2 bedroom (yeah, we're talking space), 1.5 bath condo that has Berber carpet and "high-end crown molding". (There's no low-end crown molding in this unit.) And if you're a book worm and into vintage attire, you're steps from the Shaw Library and all the vintage boutique-ing you can handle.
Update: The sale of the home is pending after being delisted them jumping back onto the market for $329,900.