Finding a property for $50,000 in Georgetown, Washington, where the median price is $1.6 million can be considered a major bargain, but what if that property is a crumbling wall?
Last month, a realtor at Keller Williams Capital Properties posted a listing for a property in the Georgetown neighborhood of Washington D.C. for just $50,000. The photo featured in the listing showed what seemed to be a row house at the end of a block, but the price didn’t really make sense. Homes in the neighborhood sell for over $1.5 million, and this one was in a really nice area, just a 10-minute walk away from the riverfront and close to trendy shops and restaurants. A lot of people were excited to see a property they could actually afford to buy, but their hopes were crushed when they realized that the listing wasn’t for a home, but for the partial wall of one, and a crumbling wall at that…
