Wednesday, November 7, 2007

6 Hours Left to Bid


Monday, a house began being auctioned off by Bid4Assets.com, which was seized several years ago by the U.S. Marshals for drug trafficking.

According to the Examiner, "As of Monday afternoon, there had been one bid of $235,300 placed on the three-bedroom, 1 1/2 bathroom row house located at 714 Madison St. NW. The D.C. Office of Tax and Revenue values the property at more than $460,000. Similar homes in the neighborhood have sold for as much as $520,000 in the last few months."

I would price the home a bit closer to the $380k range...so if this bidder wins at $235k (which is still the highest and only bid), the purchaser may walk away with a nice check.

The auction ends today at 2 PM.

1 comment:

poo poo said...

auction's ended!

"reserve not met".