While plenty of people dream of finding a foreclosure and making their fortune flipping it, it can be hard to find a bargain-priced house in the pricey D.C. housing market.
ATTOM says there were 4,428 properties with foreclosure filings during the first quarter of the year.
Navid Sakhi, a real estate agent with Fairfax Realty of Tyson’s, found a dilapidated foreclosure at 1306 C St. NE on Capitol Hill and was able to purchase it for $500,000 in January. The 1,620-square-foot rowhouse, which needed extensive work inside and outside, was gutted and rebuilt with new framing, electrical systems, plumbing and other mechanical systems.
The main level has an exposed brick wall, an open floor plan with a coffered ceiling in the living and dining area and an open kitchen with custom-designed cabinets, marble counters and stainless-steel appliances. The three-level rowhouse has hardwood floors, three bedrooms, four bathrooms, a front porch and parking for one or two cars.
The property is listed at $867,000.
The rowhouse is within walking distance of Lincoln Park, shops and the H Street corridor.
For more photos and a video, click here.
For more information, contact Sakhi at 703-625-3369.
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