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Good Deal or Not? Pricey in Petworth Edition

by Prince Of Petworth January 2, 2009 at 1:00 pm 14 Comments

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This home is located at 3925 7th Street, NW:


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The flier says:

“Spacious semi-detached home with basement rental ($1050/month) just 2 blocks from Petworth Metro & the close to Columbia heights Shopping District. Two car garage, nice backyard, next to recent new development! Grab your agent and go take a look!”

You can find more info but oddly only two photos here.

Well, the one interior photo does look nice… The asking price is $639,999. But I noticed that the 2008 DC tax assessment is only $513,070. Is it common for the DC tax assessments to be much lower than the asking price?

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