Good Deal or Not? No Photos but Great Location and Unusual House Edition

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This home is located at 1923 12th Street, NW:


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The flier says:

“MAJESTIC WONDER ON THE AVENUE! Older rehab of large home only steps to U St. Large & one of a kind! Definite fixer upper but worth it! Large rooms with open flr plan, sizable expandable yard with parking! this is the opportunity to own unique property for homeowner! Acquistion/Rehab money available! Property sold “as is” and seller may refuse all offers.”

More info found here.

Normally I don’t like to post homes without pictures but I think this one deserves an exception. It is a really unusual home in a great location. Obviously, it’s going to need a lot of work but I’m curious what you think about the price. It says it was assessed for $917,000 in 2008. The asking price is $775,000. Do you think that seems like a good deal given all the work it likely needs? Think it will be bought and divided into condos?

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