Good Deal or Not? “lots of natural light” edition (reader request)

This house is located at 505 Allison St, NW:

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The flier says:

“Gorgeous property, Open floor plan with lots of natural light; newly renovated; updated kitchen with modern cabinets, top of the line appliances; all new bathrooms; gorgeous master with bath and walk in closet; hardwood floors throughout; spacious basement with separate entrance; large den; breakfast area; large main level sitting room; beautiful deck with barbecue/ car park space; Petworth Metro”

You can find more info here and photos here.

What do you guys think of the renovation? The reader writes that this property had been vacant for 2 years. Do you think $489,000 sounds reasonable for this 4 bed/3.5 bath?

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