75 Comment

  • Truth in listing! I like the honesty so that potential buyers know EXACTLY what they are getting for the price. It will eliminate only those who are seriously interested. Good strategy.

    • Agreed…refreshing in a bizarre kind of way. Though I still think $240K is too high. Who knows what you might find in this wreck.

      I contrast this with a place we saw on Taylor two years ago. Advertised as a 75% finished remodel in the mid $300K’s, the photos were completely deceptive. You got inside to discover holes going straight through from the second floor to the first, serious water damage from unpatched damage to the roof, and a backyard full of trash and debris.


  • Honestly, the amount it would cost to fix that place is more than what the house is worth. It should be demoed.

    • gotryit

      Why do you say that?

      I think that a ~1700 sq ft place like that can be rehabbed for roughly $200K-$250K and be worth well over $500K. I’m not sure you can completely demo and rebuild for less than $250.

      • with the amount of mold damage in there, I am not sure this place is salvageable.

        • Hard to say. I remember seeing a house in Logan Circle a few years ago that had such a horrible mold problem we were afraid to breath in the air. That same house was eventually was bought and cleaned up, and was later featured as a Wednesday House Porn home.

        • The amount of mold damage means nothing. All of the walls and ceilings will be replaced anyway. If joists and rafters are rotten, then that cost can mount up – but mold on plaster and sheet rock is nothing. It adds nothing significant to the cost than just damaged walls.

    • not really. it looks horrible, but $100K would do this place wonders. I wouldn’t be so quick to demolish… you have no idea what the bones look like… if the structure is good and the inside is awful, that can be fixed

  • I nearly vomited in my mouth. It looks inhabitable, let alone unsellable.

    • you all are too quick to judge or have no vision… my house was a wreck when i bought it and because of that i basically STOLE the house. put a bit of work in it and now it’s fabulous…. not everyone needs a home depot showroom presented to them to purchase

  • I bid one dollar bob!!!

  • I live around the block from this place. Until two weeks ago or so, there were several people living there. Maybe an extended family? Seemed to be immigrants. The place always looked terrible, and may have lacked running water or electricity — there were lots of extension cords running out of the window and around the building to god knows where. I’ve lived in the neighborhood for over a year and during the whole time this place has been occupied. From the looks of these photos it appears like it was worse than I imagined.

    • Sweet Jesus – people have lived there recently? Those are not problems that have occurred overnight and appear to be longstanding water issues. The current owner of the place should be fined if he rented the place out (it is certainly not inhabitable). I know it is “For Sale” – but the place should be condemned and taxed accordingly – or whatever would increase the speed at which this place gets torn down.

  • Okay, that’s pretty awful, and it’s disturbing to think that people can live like that. It’s almost macabre to see the relatively-neatly-placed trophies in the midst of the filthy bedroom.

    However, assuming the location is good, this is a developer’s dream, and it’ll sell quickly. Someone will gut it, put about $300,000 into it and sell it for $800,000.

    • I get that DC real estate is at a premium – I’ve been looking for almost a decade now, and am very aware of the realities of the market.

      However, this is ridiculous. And the idea that even with a complete gut job that you could sell a house east of Sherman for 800k is absolutely looney. I’ve seen 3br houses in really nice neighborhoods (cleveland park, kalorama, etc) go for less than that…

      Somehow DC homebuyers need to send a message that there isn’t demand for that kind of unreasonable pricing. Values have become extremely over-inflated in the city, and I’m concerned about the future of home prices if my beautiful 4br house in Vermont, on 6.8 acres of land (currently listed at 199k) would sell for significantly less than a rotting shell in a marginal neighborhood of DC.

      And before people start, living east of Sherman has its merits, I’m aware. Im not putting down the neighborhood. However, you can’t deny that it is a rougher-hewn neighborhood in DC. People move there because it’s cheap and un-gentrified, not because it is polished and full of wonderful amenities. It certainly isn’t the acme of the real estate market.

      • I think you’re overstating the depth of the problem. A 4 BR house in Vermont on 7 acres is not remotely comparable to a rowhouse in any neighborhood in DC. Neither is better or worse; they are just not comparable. So the fact that your place is worth less than a rowhouse in DC – even this crappy one – is not something that should concern you.

        • No, i realize it comparing apples to oranges, but there is an inherent issue at hand with discrepancy of value and worth. Even though the markets are completely different, should the shell of a home in a suspect neighborhood of DC ever really be worth the same as a beautiful rowhome in a pretty nice neighborhood of Philadelphia? DC’s market isn’t saturated like many cities (SF, NYC), and there is plenty of stuff on the market (I get a dozen new MRIS listings every day, and most seem overpriced for the neighborhoods).

          I think DC real estate is becoming overvalued (compared nationally, and compared with prices just 5 years ago when I was looking), and buyers are buying into the frenzy that these houses are worth that money. Living across from Banneker High School is not “location, location, location,” and by placing that kind of value on mediocre properties causes EVERYONE to be priced out of the city. Even my New York friends – notorious for having inflated ideals of real estate worth – have been shocked by what stuff is being listed for in DC. I think we have lost “value perspective.”

          • I actually think a lot of the properties in DC are undervalued, so to speak, and people are nuts for not buying at many of these prices.

          • As a New Yorker, I don’t find that – comparing “hip” neighborhood to “hip” neighborhood – DC is overpriced compared to NYC. The rents for one bedrooms in DC’s hottest neighborhoods are what you’d pay for your share of the rent for a one bedroom in NYC’s hottest neighborhoods with a roommate (or two). I still think your comparisons are off because you’re trying to inject some sort of cosmic absolute into the equation. I don’t know whether a shell in DC “should” be worth as much as a great rowhouse in Philly. I do know that there may be market forces at work that make a shell in DC worth as much to someone in DC as a great rowhouse in Philly is worth to someone in Philly. Again, that’s neither good nor bad; it just is.
            I agree with you that this property is not in the best location and may be overpriced. Query whether rehabbing this place into the best thing on that block will be a wise investment. But the market will decide that.

      • Home buyers send messages all the time … it’s called the real estate market.

      • The land alone is worth a lot of money.

      • Unfortunately there is demand for this kind of pricing. There are a lot of developers in the area that have the resources to tackle a project like this and make a lot of money off it. I actually don’t think this price is too far off base, but it is unlikely that a non-developer is going to buy it.

  • I saw that listing the other day and assumed it was a joke. Wow.

  • Some investor is going to pay cash and gut it, rehab it and sell it for twice what they paid, netting probably $100K.

  • So someone bought this for $51k in April of this year and are looking to turn around and sell it for $190k profit?
    I don’t get it.

    • Yea, that was my reaction too. Maybe it was a foreclosure? Maybe someone bought this at auction and thinks they’re going to flip this disaster and make nearly 200k in one month… seems optimistic, to put it mildly.

  • Wait, no central AC? Not a good deal. ; )

  • That is disgusting. How can they expect to sell that piece of shit for 239,000?

    • pablo .raw

      I saw a $ 250,000 shell become a 1,250,000 condo building more than 5 years ago; I’m not surprised.

      • I saw a house that appeared to be in similar condition on Capitol Hill a couple years ago, except it didn’t have all the junk and trash inside. It had a weird layout (kitchen in the basement and the second bedroom was tiny) and was listed at over half a million dollars! As I recall the open house had a huge turnout and the place sold quickly. I wonder what it looks like now.

        • 1113 Independence Ave SE was the listing. I just looked it up and it sold a year later for $844k!

  • Totally agree, this place is a dream for someone who is going to gut it. Bring some people in to trash out, and then gut, and your in usinesa. Hopefully it is sold soon to a good developer who can get this place back to productive use.

  • I don’t know, although I’m not a contractor, that house doesn’t even look like it has “good bones.” It’s unattractive outside and it looks like there is mold and a lot of the structural wood is rotten.

    • Yeah, that’s what I was thinking. This makes the place on the southeast corner of Harvard and 15th (which until now was the worst I’d seen as far as condition of a for-sale house) look like a minor fixer-upper in comparison.

  • None of that matters, it’s location, location, location. It’s in a walkable location with good amenities all around. It will sell to a developer; he’ll either rehab it or demolish it and build a completely new house/condo and he’s make a mint.

  • My favorite part of the listing is: “Keller Williams Preferred Properties.” I hate to see what one of their “unpreferred listings” would look like. All joking aside, I wonder if it is structurally sound. The photos of the stairwell look crooked or as if it’s leaning somewhat (could be the photo angle). Obviously the place is not in good shape, there is water damage, etc. I still say it’s overpriced, even if gutted and rehabbed. I also wonder about the fact that it was purchased 1 month ago for almost 1/5 of the asking price and nothing was done to better its condition in that month. Granted, it was a foreclosure but it makes me wonder what headaches will come with the property. If the investor who bought it at auction doesn’t want to pour money to make back his/her investment many times over, makes me wonder what surprises await.

  • It’s hardly the “worst real estate listing ever”, it’s just a house that needs serious work. This picures are the reality, and anyone who’s done that kind of work should be able to look beyond the garbage and see the place for what it can be, and determine the value based on that. If you can’t do that you shouldn’t be looking at it.

    • You are correct…this is the second worst listing I’ve ever seen. The first was back in the day before the internet and I actually had to traipse through the listing first hand. The people had been evicted (by the DEA) but the rats had yet to get the notice. You could hear way more than you could see and what I did see was worse than these pictures.

  • I think we need an “incongruous dry cleaning” category.

  • It will go to a developer who can look at a property without emotion. Those of us who are buying a “home” couldn’t even consider it, but a businessperson doesn’t have that hurdle.

    How horrifying that it is/was occupied. Living in poverty doesn’t have to mean living in squalor.

  • Looks like a typical generic Home Depot flip job to me. Pass.

  • How does everyone who lived there recently (per Matt’s comment) not have a serious respiratory illness? Looking at those pics made me throw up in my mouth a little bit.

  • “Courtesy of: Keller Williams Preferred Properties…”

    “Preferred Properties”?

  • a really savvy developer will pay this and then acquire the adjacent vacant parcel. its small but if you combined the lots, they already have R-4 zoning so you could demo the existing building and possibly build a four unit condo building, selling each one for at least 400k. its a tedious process but clearly this happens in the city on a regular basis for developers willing to go through a 100k entitlement process.

    • I’d bet whomever owns this place is counting on that. Looks like the foundation next door is a small condo building. With the neighboring land the project could be a lot more profitable.

    • R4 requires 900 sqft of lot per unit to be built.

      so, no.

  • Tragic chic. Reminds me of Grey Gardens.

  • That myself, as an investor I appreciate the candor. I think it’s a bit overpriced, though.

  • Judging by the amount of mold shown in photos you are going to have a hard time rehabbing this one… You are basically paying for the land… which is probably worth something but not 250K.

  • Those pictures actually made me physically queasy.

  • Mold is no joke. I lived in a building with it. There’s no telling how bad it has grown underneath the floor and behind the walls.

  • you people have no vision… it’s a wreck, but that can be fixed.. WITHOUT demolishing. I would LOVE to see what this place looks like after someone with some vision and some cash gets a hold of it… it will likely show up as a “good deal or not?” and you ALL will RAVE….

  • Aside from being disgusting, this house probably has a very sad history. Bars on the upper floor windows may mean that the house was used to keep trafficked women hostage. Plus, no parking is a deal breaker.

  • Regarding the mold issue, I assume this house will be gutted to the studs just like many other flips that are in much better condition, and as such, I think the mold will be eradicated. However, I’m inclined to agree that the house does not seem to have “good bones.”

  • Do community activists live there now?

  • brookland_rez

    Doesn’t look too bad, mostly cosmetic. Just a fresh coat of paint and it should be good to go.

  • I love that in one of the photos there is still some dry cleaning, in bags, hanging on a rack in the midst of squalor.

  • Wait, is it Keller Williams who owns it? They’re notorious for their cookie-cutter flips. This sounds like even they can’t flip it.

  • I looked at *many* houses like this four years ago when I was shopping. Most were priced in the $150-199k range, which seems more appropriate for this location. I ended up buying one that wasn’t in quite such bad condition but still wasn’t livable… and now I have almost $200k in equity. We complain about the prices of DC homes, but THIS is the way to get into the market and make some money. Scary, but do-able, and kind of fun because you can make it 100% what you want it to be.

  • Cozy fixer-upper.

  • OMG- the pictures are screaming why NOT to buy this place.

  • I can see the potential. Someone call HGTV immediately, this could be so much fun to repair.

  • According to the listing, the same property was sold for 51k just a year ago

  • I can’t wait to do this as a GDoN-R.

  • What the heck is a GDON0R?
    Sad that people live in such deplorable conditions.

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