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Price Pick of the Week:
2700 17th St. NE
Original listing price: $619,900 (Sept. 3, 2007)
Current listing price: $487,000 (May 5, 2008)
Slash rate: 21 percent
Square footage: 2,152
This six-bedroom Victorian home has “everything new”—kitchen appliances, washer/dryer, ceramic tiles in bathrooms, and a new fireplace, according to its listing. The current owners, investors, bought the house in 2006. Back then, “it was a disaster. It was a really bad house,” says the owners’ real-estate agent, Elena Arevalo of Keller Williams Realty. “They renovated it and spent a lot of money in there,” she says. So far, two potential buyers—families, both—have shown serious interest in the property. They backed away for the same reason: the neighbor’s many dogs. Arevalo says there are seven dogs—they bark loudly, they intimidate, they’re smelly, and they constantly roam around the front yard. In short, they’re a major turnoff. “[The buyers] find out; they say ‘No, I don’t want to deal with so many dogs,’” says Arevalo, who sounds as if she is at her wits’ end: “It’s very hard. I don’t even want to have my sign there.” She says that property’s owners have asked the D.C. government—she didn’t know which agency—about laws pertaining to pet ownership and limits to the number of dogs allowed in a home. “They haven’t done anything,” she says.
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