Gonna Take More Than A Coat Of Paint For This Baby
Up on the auction block is 1620 4th St NW. This weekend B., I.T. and I took a look at this house that is listed for $250K. I'm guessing that's where the bank wants to start bidding. Last time it went to auction it was in the $300,000 range and didn't get sold.
Taking a closer look at it, the interior is a mess and it was designed by crackheads. The small bathroom has wasted space near the toilet. There is very little closet space, considering there could be more, and something that could be used as storage is closed off. Then there is the wood rot around the windows (see picture) and the water damage in the back bedroom.
There were some 'investors' sniffing around. As a short term investment this is a no. I guess it would take $60-$100K of work, and I don't think the average rent amount for the area, plus taxes would rake in the dough. Besides we kind of prefer owner occupiers 'round here. Not that renters are bad. We've had some wonderful rehabs done by owner occupiers who have up and moved due to marriage or job and are renting their places out, and those places are fine. It's the ones where the owner approached it as a rental (or a developer as a flip) and did superficial work that are undesirable.
There are more pictures just put in "1620 4th St" as a search term in flickr and the pix I took will show up.
Labels: houses
posted by Mari @ 23.4.08
1 Comments:
looks like termits too
rr446
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