Deal of the Week: Proceed With Caution
✉️ Want to forward this article? Click here.
1341 Irving Street NW. Image via Google Maps.
For those interested in this installment of Deal of the Week, UrbanTurf’s advice is proceed with caution.
The listing is a Columbia Heights row home at 1341 Irving Street NW that is little more than a shell right now in need of a complete rehab. In fact, the warning above comes from the listing agent who told UrbanTurf that the bank-owned property is really being sold from the photos, as the interior is not very safe for people to walk around in.
The buyer will likely have to make an all-cash offer or go through a 203K loan as traditional financing is not an option. No offer will be accepted until the listing has been active for at least seven days, and between the 8th and 12th days, only owner occupant offers will be entertained. After that, all are welcome.
Despite this laundry list of warnings and restrictions above, the sizable home and its location make it a good deal for the right buyer at just under $400,000, and based on the demand for properties like this in the District, we suspect that it will receive multiple offers and sell for above its list price. The agent said that his phone has already been ringing off the hook.
More details below.
- Full Listing: 1341 Irving Street NW (map)
- Price: $390,000
- Bedrooms: N/A
- Bathrooms: N/A
- Square Footage: 2,761
- Listing Agent: Thomas Williams, Long & Foster
See other articles related to: columbia heights, dclofts, deal of the week, investment properties
This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_proceed_with_caution/3420.
Most Popular... This Week • Last 30 Days • Ever
A look at the closing costs that homebuyers pay at the closing table.... read »
3331 N Street NW sold in an off-market transaction on Thursday for nearly $12 million... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... 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