This is in 16th Street Heights. The price is way too high. I think I have posted this on the blog 3 or 4 times now. This seller needs a reality check. A cash offer with quick close in the low $400's is what it will probably take to get this one. Renovated it would sell in mid $600's.
Wells Fargo really underpriced this property. It is available for owner occupants only. It will get multiple offers. This is an awesome house with lots of the original character still inside. Great location between Columbia Heights and Petworth. Tons of restaurants and shops within easy walking distance. Move in and fix this one up. Probably could not use FHA financing. Worth $600-700K fixed up.
Fannie Mae owned property. Just came on market this weekend. Cheap. Buy, fix, and hold or flip. I sold one over here for high $200's. Thats about as high as this one could sell for. I would not pay more than $130K for this property. Its a little deep in Trinidad. Area is really improving though.
HUD owned in the Woodbridge area of Northeast DC. On busy street but reasonable price for a single family. Needs way more work than what HUD has set aside for the repair escrow. Amazing that this can go FHA. Good for a homeowner willing to fix up. I have a client on same block paying slightly more.