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Deal of the Week: $84 A Square Foot in Trinidad

  • July 12th 2011

by Mark Wellborn

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Deal of the Week: $84 A Square Foot in Trinidad: Figure 1
1147 Morse Street NE. Image courtesy of Google Maps.

Usually homes like this installment of Deal of the Week in Trinidad are listed for sale a few months after they have been snatched up at a low price, rehabbed, and then put back on the market at double or even triple what the buyer initially paid.

So, while this three-bedroom is a short sale and needs a fair amount of work, it could be a bargain for a buyer who wanted to put their own sweat equity into it.

Further proof of its deal-worthiness: Since January 2010, there have been 10 home sales on Morse Street. Five of those were in need of a great deal of work, sold for more than $130,000, and were smaller than this property.

More details below.

  • Address: 1147 Morse Street NE (map)
  • Price: $130,000
  • Bedrooms: Three
  • Bathrooms: One
  • Square Footage: 1,548
  • Price Per Square Foot: $84

Update: Between 11pm last night and 7am this morning, the list price for this property was upped by $68,000 to its current price of $198,000. UrbanTurf’s guess is that the original price ($130,000) generated a tremendous amount of interest prompting the change.

See other articles related to: dclofts, deal of the week, trinidad

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_84_a_square_foot_in_trinidad/3787.

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