Deal of the Week: $84 A Square Foot in Trinidad

by Mark Wellborn

1147 Morse Street NE. Image courtesy of Google Maps.

Usually homes like this installment of Deal of the Week in Trinidad are listed for sale a few months after they have been snatched up at a low price, rehabbed, and then put back on the market at double or even triple what the buyer initially paid.

So, while this three-bedroom is a short sale and needs a fair amount of work, it could be a bargain for a buyer who wanted to put their own sweat equity into it.

Further proof of its deal-worthiness: Since January 2010, there have been 10 home sales on Morse Street. Five of those were in need of a great deal of work, sold for more than $130,000, and were smaller than this property.

More details below.

  • Address: 1147 Morse Street NE (map)
  • Price: $130,000
  • Bedrooms: Three
  • Bathrooms: One
  • Square Footage: 1,548
  • Price Per Square Foot: $84

Update: Between 11pm last night and 7am this morning, the list price for this property was upped by $68,000 to its current price of $198,000. UrbanTurf’s guess is that the original price ($130,000) generated a tremendous amount of interest prompting the change.

See other articles related to: trinidad, deal of the week, dclofts

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_84_a_square_foot_in_trinidad/3787


  1. Malia said at 8:37 am on Tuesday July 12, 2011:

    Was a REALLY good deal, now a pretty good deal.

  1. East_H said at 12:16 pm on Tuesday July 12, 2011:

    Will watch this listing with interest—it’s very hard to say how good a deal this is without seeing the interior. It’s on a huge lot. A house very similar to this on Gales Street in Rosedale, which I think was a foreclosure or shortsale, recently sold for $170K.

    I would think it would go to a flipper paying cash at this price and being a short sale, but who knows.

  1. jjep said at 5:00 pm on Tuesday July 12, 2011:

    Wow, that is so weird that the price went up.  Guess they decided to raise it after seeing your blog post!

  1. rosedale rocks said at 12:10 am on Wednesday July 13, 2011:

    anyone got the whole story on this place? this is a short sale - there are apparently uncooperative tenants living here now. has anyone actually been inside this house?

Comments are closed.

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