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Good Deal or Not? “3-unit 3.5 blks to METRO” edition

by Prince Of Petworth June 1, 2010 at 1:00 pm 11 Comments

This row house is located at 507 Florida Ave, NW:


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The flier says:

“Gorgeous 3-unit 3.5 blks to METRO, Steps to Howard Univ. . Features hdwd flrs, ss appliances, pkg. Bsmt efficiency, sec. 8 tenant-occupied 1-bdrm unit on main lvl, 2-bdrm w/ vaulted ceiling on upper lvl. Bank-Owned. Sold As-Is.”

You can find more info and photos here.

I know this is another one already under contract but since I walk by it all the time I was eager to get a look inside. I was surprised that it was split into 3 separate units. Nevertheless, some of the photos look much nicer than I anticipated. What do you guys think – was $425,700 reasonable or do you think it was bid way higher than this price?

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