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[quote=Anonymous]I live close to this house on Nevada in CC and have been driving by it almost daily for a  while. it was a very small house very in disrepair, in small lot, until the fall when somebody bought it. I noticed somebody working in it in the past months and guessed that an investor had bought it for fixing it up and flipping. apparently the house was bought for around 585K . it is now for sale for 1.2 million!!!!  the yard has been cleaned, and the house looks still small from the outside, but apparently it was gutted inside and an addition was made in the back, so it went from 3 bd 1 bth to 5 bd and 3.5 bth.  still, the lot is very small, the house not that charming, the area is nice but Nevada is a little busy, i would never pay more than 800K for that place, and 1.2 million seems really a lot (I would never buy that house if I had it). am I out of touch, or this is an unreasonable price of this place?

http://www.redfin.com/DC/Washington/5428-Nevada-Ave-NW-20015/home/9978462

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