$499,900


7 Beds   4 Baths   1,952 Sq. Ft.   Single-Family

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Mellon St Se
Washington, DC 20032

Status: Inactive
Listing ID: 56308971

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Property Information

  • Price: $499,900
  • Bedrooms: 7
  • Bathrooms: 4
  • Full Baths: 3
  • Half Baths: 1
  • Living Area Size: 1,952
  • Basement: Yes
  • Total Square Feet: 1,952
  • Lot Size: 0.1 acres
  • Heating Type: Baseboard
  • Year Built: 1937
  • Source ID: DCDC518616
  • Days On Site: 219
  • Subdivision: Congress Heights
  • Property Type: Single Family Dwelling
  •  

Public Records

  • Bedrooms: 3
  • Baths: 3
  • Full Baths: 3
  • Rooms: 7
  • No. of Stories: 2
  • Basement Sqft: 976
  • Parking: DETACHED GARAGE
  • Construction Type: MASONRY
  • Exterior Wall Type: BRICK
  • Heating Type: RADIANT HOT WATER
  • Roof Material: COMPOSITION SHINGLE
  • Roof Type: GABLE
  • Land Area Sqft: 4,500
  • Year Built: 1937
  • APN: 5984-0000-0037
  • Property Type: Single Family Residence
  • Township: CONGRESS HEIGHTS
  • Living Sqft: 1,952
  • Basement Finish Type: UNFINISHED
  • Garage: DETACHED
  • Subdivision: CONGRESS HEIGHTS
  •  

Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.

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Washington, DC
Home Inspectors

AMHI
Adrien Marsoni
202-997-7311
Claxton Walker & Associates
Matthew Scharf
315-383-9720
Integrity Home Inspection Services, Inc.
Daniel G. Blum
202-829-9099
District Home Inspection, LLC
Scott Robertson
202-577-4489
foreclosure.com

Mellon St Se
Washington, DC 20032

7 Beds   4 Baths   1,952 sq. ft.   Single-Family

$499,900

Status: Inactive Listing ID: 56308971

Property Information

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Public Records

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Property Description

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Listing URL

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