I bought a home there in 1987. The last 5 years have seen a major demographic shift if thats what concerns you. It has turned out to be the best investment of my life. I live on F street NE on the east side of of 17th. There are 2 homes here that the banks are holding and won't even put them on the market. I think they are speculating myself. They can sell them "as is" in no time at all. I would probably be making the first offer.... more
Just today my wife and I were told by a SSA representative that our disabled 29 year old son cannot purchase a home without losing his SSI benefits. He receives SSD and SSI and we were hoping to help him buy a small home instead of his money going to rent.
The SSA Rep. said that because he receives SSI, he cannot have more than $2000 on hand. Because a down payment, closing costs ect. would be more than $2000, the SSA would know he had more than the allotted funds on hand. The only other way my son could own a home is if someone gave him one free and clear.
We asked if we could make the down payment as a gift. We were told that is not allowed either.
This is B.S. in my opinion. Why should disabled people be locked into rent for their entire life?... more
Condition? Amenities? Quality? Access? North of Benning? South?
Too may variables to give a fair answer. You could try Zillow or Eppraisal or RealQuest or some other web site to get an answer, but the best of these are not good enough. You'll need an agent to review the property and run a Comparative Market Analysis of properties that have sold recently.
OR, you could hire an appraiser. The appraisal for a multi-unit will probably cost about $500-$750 depending upon experience and competence. Make sure you hire someone who has experience in the Kingman Park area and can honestly and truthfully evaluate the property, not someone from the burbs who thinks that a garage is worthless and square footage is the only guide.