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

by Mark Wellborn

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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

4 Comments

  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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