Someone paid over $760,000 for a house in poor condition near H Street.
Location, location, location.
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http://www.washingtonpost.com/local/...196_story.html
D.C. house inspires 168 bids in red-hot real estate market
It didn’t look like a house anyone would pay $400,000 extra for.
Several walls inside the gray townhouse with blue trim were streaked with water stains. The first floor was noticeably uneven. And termites had dined in front.
The big pluses: It was 2,850 square feet, had off-street parking, and was in walking distance of Union Station and the bars and restaurants along H Street NE. Then there was the list price: $337,000. Similar houses in the neighborhood were going for closer to $500,000.