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Good Deal or Not? Reader Request, Crazy Price Reduction Edition

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This home is located at 4600 13th Street, NW:


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The flier says:

“Subject To A Potential Short Sale–One Bank. Professionally Negotiated. “Welcome To Your Potential Kingdom!”Space, Space and More Space!This lovely sun-filled with lots of charm & character has 6BRS. 3FBS. ,detached garage, english bsmt. w/ in-law suite plus so much more. Renovation work was started and it’s ready for your final touches. .. this is a great buy!Submit an Offer Today!”AS-IS Condition.”

More info and photos found here.

A reader writes:

“6 bedrooms, three full baths at the corner of 13th and Buchanan St, N.W. in 16th Street Heights for $349,900. This place is gigantic. Looks like lots of work to be done. Maybe too much. The link has lots of pictures and info. Apparently the renovation has already begun.”

The original asking price was $565,250. So for a house this size do you think $349,900 sounds reasonable given the state it’s in?

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