$150k Condos or Townhouses?

While searching on MRIS for a client, there were a couple of condos priced under $150k. I was shocked to see the prices! Is this for real? No, it's not a typo, because all of the properties are listed on MRIS. So gotta be real, right?

Alexandria City, Arlington, Falls Church, and Annandale got a couple of them. This one below is a foreclosure. A 1BR 750 s.f. and reading the remarks "..bring all offers.." sounds like the bank is eager to sell this condo.

How about this one? A 3BR/1Ba bank-owned (REO) 1142 s.f. in Falls Church for $149.9k. Condo fee is a bit steep ($630) but, includes all utilities.

DC has its share, too. Take a look at this one below. A 3BR/2Ba fixer-upper (not for the faint of heart!) listed for $139.9k in Trinidad.

You can check out some of the other real thing here: Washington DC, inside-the-beltway Northern Virginia. Pssst.. stay away from those 'short-sale' properties. Ain't worth your time, unless the property has 'only' one lender to deal with.

Comments

[dewita]

I second you!

[Jeff]

I am a agent in VA. I have a condo I have to drop to 180k that would have sold for 260k+ a year ago.

Great time for people to buy by if they have the cash and credit. When the market goes back up in couple of years some will regret not making a move now.