Deal of the Week: $84 A Square Foot in Trinidad
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: dclofts, deal of the week, trinidad
This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_84_a_square_foot_in_trinidad/3787.
Most Popular... This Week • Last 30 Days • Ever
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
When it comes to financing a home purchase, a 30-year mortgage is one of the most com... read »
Pocket listings are growing in popularity in the low-inventory market in the DC regio... read »
Plans for the development at a prominent DC intersection began nearly eight years ago... read »
The eight-bedroom, 35,000 square-foot home in McLean originally hit the market in 202... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro