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Good Deal or Not? Under $300k Renovation – Reader Request

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This home is located at 128 Longfellow Street, NW:

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The flier says:

“This is a Freddie Mac Foreclosure! Stunning Renovation! Hardwood Floors, Top of the Line Stainless Steel Appliances. 4 Bedrooms, 3 Full Baths & Main level Powder room. Granite Countertops. All New fixtures/crown molding. Skylight in Master Bath. New Berber Carpet in Fully Finished Walkout Level Basement. Fully Fenced Backyard with Off street Parking. New Deck off kitchen.”

You can find more info and photos here.

What do you think of the renovation itself? The reader who sent this one in (who lives nearby) was surprised in the price drop from $358,800 to $280,000. I wish the pictures showed all 5 bedrooms. Nevertheless, do you think $280,000 sounds reasonable for this 5 bed/3.5 bath?

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