Hole for Sale

Posted By Si Kailian, 07/11/08 6:31 AM

Ah the infamous hole at 226 N Street NW is on the market again! This magnificent 2000 sq ft pit complete with weed n trash filling can be yours for a mere $182,500. The lucky buyer after dealing withe the current bank owner and their wonky terms, will get to deal with the partially collapsed public alley on one side and the unfortunate neighbor on the other who may be having structural problems. Thank you DC for throwing up some jersey barriers a couple years ago and saying...meh!

(this is my own photo from fall 2007 - I am afeared of MRIS copyright.)

MLS #: DC6811642

Categories: News, Development, Real Estate | Comments (10) | del.icio.us | Linking Blogs

Comments

They have been trying to rent out the property next door but as soon as they see the hole they (the prospective tenants) tend to run. I even spoke to one of the prospective tenants, explained the history of the hole, and told them to make sure that they get a copy of the structural report showing that the building is safe to be occupied before signing any lease.

Posted By Rob A / At 7/11/08 9:41 AM

Cant say I'd blame them for running. The hole looks pretty scary & houses have a tendancy to fall down around here. I really do hope that the owner has excellent insurance & legal representation.

Posted By Si Kailian / At 7/11/08 10:22 AM

What is the history of the hole?

Posted By tamden / At 7/11/08 1:19 PM

i'm curious how that hole came to be and has gone for this long without remedy. something is failing if residents have to endure this pathetic mess of a hole for years.

Posted By richard / At 7/11/08 2:29 PM

For sure, work stopped years ago & nature took over. you can dig a big hole, leave it to percolate uncovered & not expect things to fall into it & grow out of it. We asked the government to do SOMETHING as it is incredibly unsafe, I even asked DCRA Linda Argo in person. All we ever got was the jersey barriers. in due time they will fall in the hole too.

The bank took the property, i think there was an auction at one point.

Posted By Si Kailian / At 7/12/08 12:28 PM

The DC assessor's office (https://www.taxpayerservicecenter.com/RP_Detail.jsp?ssl=0555%20%20%20%200111) currently puts the property value at $47,900.

Who exactly is in the market for the place at close to four times that price?

Posted By Evan Coughenour / At 7/13/08 9:19 AM

who owns that mess? we have a right to know.

Posted By richard r / At 7/13/08 10:17 AM

One of the irritating issues regarding vacant property is that vacant lots are frequently assessed around 45k. The values seem to stay the same year after year & many of them are taxed at class 1 rate instead of the vacant class 3 rate. This hole is bank owned & is at least taxed at the class 3 rate. but still way underassessed.

Posted By Si Kailian / At 7/14/08 6:46 AM

(( https://www.taxpayerservicecenter.com/RP_Detail.jsp?ssl=0555%20%20%20%200111 ))

....is a server page. They expire.

Posted By Nicholas McKenna / At 7/14/08 9:55 AM

And if you remember Si, it would have been easier to get Congress to act on putting up those jersey barriers than DC. The fences around the hole had been removed by the leasing company for non-payment, the alley had started falling into the hole, then they blocked the entire alley with jersey barriers preventing any use of that part of the alley at all... after months of fighting with DC over what they hadn't done and what they needed to do, they finally gave us what's there now in Aug 2006.

Posted By Rob A / At 7/14/08 9:57 AM