$2Million declined for a 200,000 property
The blog For the Love of Growth (DC That is) wrote an interesting post about the rowhouse at 433 Mass Ave that The Dumont and Penzance Building had to build around. Apparently the owner of the property turned down 2 to 3 million dollars for a property assessed at just shy of $200K. One source suggested he wanted $17 million. He has reportedly taken out a 650K loan to open a Ledo Pizza. He’ll have to sell alot of pizza pies to earn 2 million. =)
The WashingtonPost has more on owner Austin Spriggs and his decision (part1 | part2).
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