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Good Deal or Not? Dueling Efficiency Short Sales Edition

by Prince Of Petworth November 6, 2008 at 1:00 pm 10 Comments

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There are two efficiency short sales at 1822 15th Street, NW.


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Number 103 says:

“STYLISHLY RENOVATED STUDIO. VERY LIVABLE LAYOUT. BAMBOO FLOORS, MAPLE CABINETS. GRANITE COUNTER, BLACK AND STAINLESS STEEL APPLIANCES. WALK TO U ST (GREEN & YELLOW LINES) OR DUPONT (RED LINE) METRO. SQUARE FOOTAGE IS ESTIMATED! PETS ALLOWED. AVAILABLE FURNISHED. WILL CONSIDER RENT OR LEASE/PURCHASE. 40 YR FIXED RATE-BELOW MKT FINACING AVAILABLE W/ NO INCOME LIMIT. SHORT SALE.”

More info and photos found here.

Unit 104 says:

“SHORT SALE. Great location! Near grocery store. Also enjoy all the night life the area has to offer. condo has stainless steel appliances bamboo floors and a Balcony. Commission will be 50% of what the bank pays out to the agents. Condo is on combo box Subject to third party approval Short Sale is at the final stage.”

More info and photos found here.

Well, I’m not too familiar with short sales but these seem like decent prices for such a great location. Unit #103 is going for $219,000 and Unit #104 is going for $185,000. I’m surprised two very similar units have such a discrepancy in asking price. Think the prices are reasonable?

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