Home | Newsletter | Advertise
loading...

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 https://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

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. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse