Dear PoPville – Did We Get a Good Deal?

by Prince Of Petworth July 6, 2011 at 11:00 am 99 Comments

“Dear PoPville,

After a two year saga that included five failed contracts, my fiance and I just managed to buy this house. It was a double short sale (the owner had two mortgages, both of which had to take a loss), with four tenants, and is in good group-house condition. We think we got a good deal, but what about the commentariat?”

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This 5 bed/3.5 bath, located at 3163 18th St, NW in Mt. Pleasant, was bought for $720,000. You can see photos here.

First let me say congrats on your perseverance! Given the location and even if it needs $100k in reno I still think it’s a good deal because of the location and size. Houses that size in Mt. Pleasant regularly go for over $1 million.

What do you guys think?


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