What's the actual worth?

Originally uploaded by In Shaw

Okay, I’ve had this pic up before looking at 1225 1st St NW. Well, 1223 1st is also up for sale. Now 1225 is listed as $599,900, but 1223 is at the bargain English basement price of $395,900 as an as-is bank owned property. If I owned 1225, I’d be pissed.
Same cute arches, same non-existent front yard for $204K less.