Stately Prince George's County Property Discounted $221k
In an effort to personally help clear the inventory of foreclosure properties, a concerned politician or government employee living in the Washington, D.C., area might consider purchasing this bank-owned property in suburban Prince George's County. With five bedrooms and three bathrooms, this 3,312 square foot property was posted on RealtyTrac in early March with a $387,900 asking price, more than $221,000 below the sales price of $609,650 that the foreclosed homeowner bought it for back in 2006. The new asking price translates to about $117 per square foot, below the average of $144 per square foot in the zip code.
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For more information about the Washington real estate and foreclosure market, check out the April 2009 edition of the Foreclosure News Report, which includes an in-depth analysis of the local market, along with perspectives from local foreclosure investors, real estate agents and market researchers. The April Foreclosure News Report will be available April 16, and you can subscribe to the newsletter today to have it mailed to your address.