While ignoring lots and parking spaces, Curbed searched through Redfin, Zillow, Estately, and Realtor.com in order to find the cheapest listing currently on the Washington, D.C. market. That home ended up being this one-bedroom, one-bathroom condo, located in Randle Heights. The price? $35,000.
The median home price in Washington, D.C. is currently $554,900, which means that the Randle Heights condo costs only 6.3 percent of the city’s median price. The listing reads:
No utilities at the site at present. Up and coming Area. Located between two Metro stops on the Green Line. Minutes away from DC or Maryland. Economic Revitalization is currently underway.
The "Economic Revitalization" is referring to WC Smith’s new high-rise planned at Good Hope Road SE and Alabama Avenue SE, a little over half a mile away from the condo. The development, dubbed the Skyland Town Center, will feature 300,000 square feet of retail retail and 475 residential units. There are also plans for a Wal-Mart and below-grade parking garage in the building.
Tracy Trammel from Metro City Realty told Curbed what causes the unit to be so affordable is that there is currently no condo association, and there are no utilities. Additionally, the only way for the unit to sell is if the other 44 units in the community’s three-building development sell along with it. There is also a $150,000 water lein that must be paid along with the listing price.
The 607-square-foot unit has only been on the market for a little over 20 days now. There are unfortunately no photos showing the inside of the unit.