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Good Deal or Not? Reader Request

by Prince Of Petworth December 29, 2008 at 1:00 pm 19 Comments

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A reader writes:

“This seems really low, given the prices of the houses around it. I wonder if PoPville has the inside scoop on this unit and the street that might explain such a low price.”

This home is located at 529 Newton Place, NW:


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The flier says:

“BANK OWNED/VACANT. RENOVATED IN 2005 AND IN NEED OF ROOF AND HVAC REPAIRS. .. .CHECK OUT THE PHOTOS.”

More info and photos here.

So does a house renovated in 2005 that needs a roof and HVAC repairs sound reasonable for $189,900 at this location?

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