5 Comment

  • Having bought a similar-age house in the neighborhood, fixer upper means needs all new windows, updating the electrical & adding lots of outlets, possibly installing plumbing for at least one shower, ripping out and replacing the kitchen, crumbling lead-paint covered plaster walls, probably redoing the bathrooms (because even that ageless subway & mosiac tile cracks eventually, and claw foot tubs can rust) and oh god don’t look at those water stains in the basement.

  • It doesn’t say on the listing but surely this is bank owned. Someone bought it for 375K in 2006. I can’t imagine anyone would be willing to let it go for a 210,000 loss (plus realtor fees) without going short sale or handing it over to the bank.

    Our house needed a “little TLC” when we bought it and it had a brand new kitchen, updated bathrooms, new windows, new wiring…. etc. I can’t imagine what this place might need if it says needs TLC.

    However, at 165K you can afford to put in 100K+ and would still be fairly under neighborhood prices for a completely renovated house.

  • If that house really just needs a little tlc that’s a great deal. I have noticed lately though that foreclosures are being listed absurdly low, most likely to generate interest and a bidding war. I doubt it will go for that cheap unless it’s a dump.

  • Good post.

    Worthy of a good look and serious consideration for this single family Petworth home.

    The $165,000 price is less than half the assessed value for taxation.

  • The listing price has been updated now. FranklyMLS confirms it is a foreclosure property. Likely the bank is expecting higher bids.

Comments are closed.