The other day, GM asked whether you’d be willing to live in a murder scene to save a few hundred thousand dollars. Inspired by another Georgetown listing, GM is back today to ask a different question: is Prospect Street really that bad?
The house at 3344 Prospect St. just went on sale. It’s a beautiful 4 bedroom/3 bathroom house with updated finishes throughout. And it seems well under-priced at just $1.399 million. Yes that sounds crazy to say something almost a million and a half is under-priced, but homes of its quality in other parts of Georgetown would likely sell much closer to $2 million.
And in fact the listing itself demonstrates how much it’s under-priced. The description states: “Entry level can be rented out, currently receives $2,300/month and main house receives $8,500/month.” In other words, this house produces $10,800 a month in income. Continue reading