The Nationals: A Home Run For Real Estate Investors!
The Nationals will be playing 81 games at its shiny new stadium. Craigslist realtors have taken note with skyhigh asking prices and too many exclamation points.
The neighborhood surrounding the ballpark hasn't changed all that much. It's still mechanic shops and liquor stores. Aside from the ballpark, the new amenities include a Subway sandwich shop, a Starbucks, and a Five Guys. Those things are all great. Who doesn't want to eat fresh? Who doesn't like a super strong cup of coffee? Who can't resist a juicy burger? But still–$579,000 for a town house?
This what you get according to the Craigslist ad:
LOCATION IS EVERYTHING! The address is 1012 3rd St. SE. Located 2 blocks from the Navy Yard metro, 5 blocks from the new Washington Nationals baseball stadium, 1 block from the new Courtyard by Marriott and the new Department of Transportation. This is the HOTTEST area in all of DC, with major changes happening daily! The website www.jdland.com is devoted to the southeast re-development with detailed descriptions/pictures of the area. CHECK IT OUT!
There are others boasting their prominent location next to the ballpark: a rowhome is selling for $400,000. This one seems a little overpriced for the reduced asking of $399,000. And this three-bedroom condo for $315,000 just says it all:
GET MORE FOR YOUR MONEY! A SUPER VALUE, GRANDVIEW ESTATES OFFERS MORE SPACE, MORE UPSIDE EQUITY, AND BETTER QUALITY FOR YOUR DOLLAR.–JUST MINUTES TO THE METRO, THE NEW BASEBALL STADIUM AND THE ANACOSTIA RIVERFRONT INITIATIVE. Be a part of the Anacostia neighborhood renaissance at GRANDVIEW ESTATES! Experience the new development that is emerging just outside your doorstep creating a city landscape full of new business and retail amenities, community transit, recreation space, economic growth, and urban revitalization.
We will be following this trend closely!