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Good Deal or Not? Reader Request

by Prince Of Petworth June 19, 2009 at 1:00 pm 28 Comments

DC7059186_0

This home is located at 203 Morgan Street, NW:


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The flier says:

“REDUCED! MOTIVATED AND REALISTIC SELLER. GORGEOUS MODERN RENO OF THIS 2BR PLUS 1BR/1BA INLAW SUITE BSMT. VERY EUROPEAN, SLEEK, AND UNIQUE WITH AMAZING, TRULY HIGH END KITCHEN. MUST SEE. GREAT DESIGN, SUNNY SPACE, NO HALLWAYS, DARK FLOORS AND HIGH CEILINGS. UNIQUE, SPECIAL SPACE”

More info and photos found here.

The reader writes:

“I was thinking of making an offer on a house which I actually found through a comment on one of your other GDoNs. It is an interesting place and the rental basement which goes for about 950/month makes it affordable for me.

I went to two open houses and really love it but I’m nervous about it since it’s my first house. I was concerned about the lack of storage and the owner said he would construct a huge new closet in an existing nook.. Anyway, I’m going back this weekend and figured if the PoP crowd said it was a good deal I may just bite the bullet.”

I like that it’s on a nice “mini” street. Help the reader out – $474,900 sound reasonable for this house?

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