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[quote=Anonymous][quote=Anonymous]We bought peak of last year's market in the "close in" heart of the Hill. Took three offers waiving all/most contingencies, 100k+ escalations, and we landed in a fixer-upper at the top of our budget.

This year's market for the close in Hill seems to be the same. Two interesting datapoints: 
- 16 8th Street NE - intentionally underpriced estate sale that needs SIGNIFICANT work. Open houses were flooded. Contingent 5 days after listing and sold for $180k over (https://www.redfin.com/DC/Washington/16-8th-St-NE-20002/home/9901644)
- 124 6th St NE - Similar play here (same listing agent, I heard). Estate sale with significant work ahead, sold for $150k over ask, contingent 5 days after list (https://www.redfin.com/DC/Washington/124-6th-St-NE-20002/home/9897148)
- 420 4th St SE - This one surprised me. Recently renovated, 3br, in zone for Brent, priced at $1.25. I was surprised this sat for 2 weeks and will be curious where it closes (https://www.redfin.com/DC/Washington/420-4th-St-SE-20003/home/9896121). Opens were busy but not crazy busy[/quote]

How do those first two need “significant” work?[/quote]

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