Hot Washington DC Property Post for June 5, 2012
905 Emerson St NW, Washington, DC 20011
List Price: $264,900
Petworth is on fire right now. Buy this and flip it. Sell for $500-600K.
List Price: $549,990
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.
List Price: $345,000
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.
List Price: $111,900
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.
List Price: $201,000
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.
List Price: $490,000
Brightwood/Takoma area of Northwest DC. Short sale. Good value here for a bungalow close to the metro. Over 2800 sq ft of living space. Parking in rear.
If you would like more info or would like to view anything please call me at 301-204-0808 or email me at firstname.lastname@example.org
Thanks for viewing!
Ben-Broker, Rock Creek Realty