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Weekend Warrior Special: The H Street Foreclosure

by UrbanTurf Staff

Weekend Warrior Special: The H Street Foreclosure: Figure 1
825 4th Street NE. Google Maps.

At first glance, this row house near the H Street Corridor looks like the type of home that smaller developers have been snapping up and turning into condos for quite some time.

However, investors are not allowed to bid on the two-unit foreclosure, which means that home buyers who have a weekend warrior streak in them get first shot.

The property is divided into an upper-level unit and a lower-level unit, and it appears that while work has started, the eventual buyer will have to do a fair amount in order to get it into livable shape. Also, HUD has determined that there are some minor plumbing and water issues as well as floor damage that potential buyers should look into before submitting an offer.

Because it is a foreclosure, offers need to be submitted by the end of the day on December 5th through the HUD Homes website, and the bank will review them the following day. As any regular reader of UrbanTurf knows, the purchase process for foreclosures can be long and frustrating, so interested buyers will likely need to be patient.

See other articles related to: hud, h street corridor, dclofts

This article originally published at http://dc.urbanturf.com/articles/blog/weekend_warrior_special_the_h_street_foreclosure/6381

3 Comments

  1. Maria Hardy-Cooper said at 1:09 pm on Wednesday December 5, 2012:
    The initial listing allowed investors to submit offers after 12/6. One day later the listing was amended to limit to owner occupants only. Also, access to the property via CSS was denied on day 2 of the listing. Apparently ... lots of interest.
  1. David said at 3:57 pm on Monday December 10, 2012:
    Anyone know (or know how to find out) what this sold for?
  1. Mark Wellborn said at 7:12 pm on Monday December 10, 2012:
    David, We know that it went under contract, but since it was purchased through HUD, it could be tough to get the final sales price. We'll look into it and let you know, though. Mark Wellborn Editor

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