TheWolf_ofOptions t1_j5mna2z wrote on January 24, 2023 at 2:02 AM

These are called Victorian row houses. You will find this type of architecture all over DC as well as Federal, especially in Georgetown. This property in particular is 1438 Corcoran St NW. Which is currently being sold for $2.5M and has been on the MLS for 78 days and if anyone were looking to buy this property, I would suggest leveraging the days on market and the fact they haven’t gotten a single offer to come down in price. It’s a great property in the heart of Logan circle, which surprisingly is experiencing low demand per the MLS.

I’m personally saddened by the idea that these home styles will not be built anymore but it does however, give that much more value to such a historic home IF it still has its original charm.

ekkidee t1_j5ms3qm wrote on January 24, 2023 at 2:37 AM

The price history on Zillow is interesting.

https://www.zillow.com/homedetails/1438-Corcoran-St-NW-Washington-DC-20009/404981_zpid/

TheWolf_ofOptions t1_j5mskhy wrote on January 24, 2023 at 2:41 AM

It was improperly priced and so the seller has had to play catch up with the market. Not a good selling strategy.

brokenhalf t1_j5reh4x wrote on January 25, 2023 at 12:58 AM

I live in this neighborhood and you are correct. Whoever listed this was reaching for too much. Price should be closer to 2M.

TheWolf_ofOptions t1_j5reu3s wrote on January 25, 2023 at 1:01 AM

I would need to run comps to give you an exact number. The issue isn’t the market, it’s the seller and listing agent. A strong listing agent will go against overpricing a house because it doesn’t help the client AT ALL. I’ve seen how much they’ve had to reduce the price and it stigmatized a beautiful property.