The house located at 7441 8th Street, NW is avialable for sale at 415K . It was bought on 04/15/2003 for 230K. "The home is semi-detached with 3 levels, including 3 bedrooms, a finished basement, one full bath and 2 half bath." It is located in an alright area in the northern part of the city ( proper ).
Will it sell in a resonable amount of time at this price? Probably not.
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Like everything else now on the market in most areas that have rapid appreciation, it will not sell quickly. It may be made more attractive if reduced sigificantly- but then it shows that it has become a buyers market, which includes stagnant or falling prices.
ReplyDeleteHappy Thanksgiving to David and all here!
ReplyDeleteNot as outrageous as some houses in this area.
ReplyDeleteIf it were in perfect condition, I might pay $235,000 for it so the guy could get a $5000 profit. I'm feeling pretty generous.