Dc Housing Market is ON FIRE!

On Thursday afternoon, a Washington Dc property auction was conducted for a rowhouse shell at 1952 2nd Street NW (map). On its face, the LeDroit Park home would not seem like the type of property that would incite a bidding war. It has plain facade, a completely gutted interior that appears to have fire damage, and the winner would need to embark on a complete rehab.  The bidding started out at $275,000. When all was said and done, it was auctioned for $625,000.

Within a minute of starting, the bid jumped from $275,000 to $550,000. After that, the bidders became a little more cautious, but the pace remained swift. The bidding finally ended at $625,000, and the slightly stunned looking winner was swept away by the organizers to sign papers.

Marquis McCrimmon, Realtor®, knows the Washington Dc Metro area Real estate market! My Team and I offer Buyers Free Market analysis , and access to many home buyer assist programs.  We work with a direct lender to ensure you get the best loan available.  We offer our clients looking to sell their home, the BEST digital marketing experience ever.  View our website and see why you should choose The McCrimmon Team to assist you with your real estate goals. If you’re considering buying or selling your home in the near future contact Marquis McCrimmon with/EXIT Bennett Realty today 301-246-2323