In December we mentioned this Under 300K Club in Petworth that went up for public auction last week—an event that drew a large crowd of both bidders and onlookers. A reader wrote in to PoPville with photos of the event and said there were over 60 registered bidders hoping to walk away with the deed to the house. The winner paid $488,000 for the 4 bed, 2.5 bath and plans to live there after some extensive renovations. A glance through the before pictures shows it is going to need quite a lot of work. Not quite as impressive as the house with over 138 offers, but still a sign of how tight things are under $500K.