Deal of the Week

by Mark Wellborn

image
Living Room

This week’s Deal of the Week is a two-bedroom plus den condo at The Cityline at Tenley (see map here). For someone that appreciates sleek design, wants to be near the Metro, but not close to the hustle and bustle of downtown, this unit may work for you. It has floor-to-ceiling windows and a large open living area, and while the bedrooms aren’t huge, they do have walk-in closets. The building has a fitness center and free Wi-fi in the lobby, and the unit comes with an underground parking spot. The condo was purchased in 2006 for $675,000, and its price has now been reduced a number of times since it was put on the market at $624,800 in February.

  • Price: $580,000
  • Beds: Two
  • Baths: Two
  • Square Footage: 1,260
  • Price per SF: $460
  • Condo Fees: $745/month
  • For the full listing, click here.

Here are some monthly payment calculations based on a 15 percent down payment and a 30-year fixed rate mortgage at 4.84%.

  • Loan Amount: $493,000
  • Principal and Interest: $2,604
  • Taxes and Fees: $1,158
  • Est. Mortgage Insurance: $100
  • Total Monthly Payments: $3,862

image
Living Room
image
Kitchen
image
Den

8 Comments

  1. Tim said at 3:13 pm on Wednesday May 27, 2009:

    For $3900/mo I could have my pick of any two bedroom in this city to rent. Sorry but it still just isnt worth it in my opinion…

  1. Evan said at 5:12 pm on Wednesday May 27, 2009:

    Even though the price has come down, it is new construction and it is in a neighborhood I like, I still think the price needs to come down another $25K.

  1. meh said at 11:06 am on Thursday May 28, 2009:

    I can’t believe prices in tenleytown are anywhere near the “deal” of 460 sq/ft. You can pick up a condo in any section of the city for that price. Tenleytown is definately not worth anywhere near that (and I graduated from AU)

  1. LookingtoBuy said at 11:14 am on Thursday May 28, 2009:

    Actually, that is a low price per SF in the area. The norm is over $500. I have been looking in AU Park/Tenleytown for awhile now.

  1. David said at 11:23 am on Thursday May 28, 2009:

    Deal??  $580K and $745/month condo fees?

  1. Bernadette Freeman said at 1:27 pm on Thursday May 28, 2009:

    You must be smoking on a peace pipe. That little kitchen, Are you serious? In this day and with our economy, if anyone spend that type of money on a condo, they are crazy. Paying $250,000 for a condo is pushing it. I can see it for a detachable home with some land.

  1. AU Parker said at 1:36 pm on Thursday May 28, 2009:

    If any of you actually lived in this area, you would know that this is a low price for new construction in Tenleytown. Get informed before making a comment.

  1. Dave said at 2:50 pm on Thursday January 14, 2010:

    WOW, 580K and 745/month for 1260sqf…....thats a deal?  I think someone should re-run some numbers here.  Just because the current owner got screwed doesn’t mean the next owner should….this one will be on the market for a long time at the current price….best of luck!  Looks nice and it is a GREAT area!!

Join the discussion



* required fields

Find An Agent in the DC Metro Region

UrbanTurf Archive

Following are past UrbanTurf stories, organized by topic for your convenience.

Neighborhood Profiles more »

Capitol Riverfront: Still Growing

Capitol Riverfront: Still Growing

Tim Brown
March 8th | 21 Comments

Despite being one of the areas in DC hit hardest by the economic downturn, Capitol Riverfront,... read »

Editor's Choice more »

A Proposal: Georgetown Should Secede From DC

A Proposal: Georgetown Should Secede From DC

Mark Wellborn
March 10th | 10 Comments

In a post that is sure to incite the ire of DC residents, Carol Joynt, a DC columnist for New York... read »

New Condo Profiles more »

M Street Flats: Fast-Selling Boutique Condos in Mt. Vernon Triangle

M Street Flats: Fast-Selling Boutique Condos in Mt. Vernon Triangle

Jeremy Castle
March 15th | 2 Comments

Even with only hard-hat construction tours available of M Street Flats in Mount Vernon Triangle,... read »

The DC Condo Market more »

Remaining New Condos in the DC Metro: Where Are They?

Remaining New Condos in the DC Metro: Where Are They?

Will Smith
February 16th | 6 Comments

The recent report on the new condo market from McWilliams|Ballard includes tallies of the remaining... read »

Green Real Estate more »

What $469K Buys You in DC?

What $469K Buys You in DC?

Mark Wellborn
March 10th | 5 Comments

In this week's installment of What X Buys You, we look at a two-bedroom row house in Shaw that was... read »

Deal of the Week more »

Deal of the Week: Columbia Heights Convenience for Cheap

Deal of the Week: Columbia Heights Convenience for Cheap

Mark Wellborn
March 16th | 2 Comments

For this week's Deal of the Week, we look at a two-bedroom condo on Columbia Road that is just... read »

Renting more »

DCRA Launches Rent Your DC Basement Apartment Legally

DCRA Launches Rent Your DC Basement Apartment Legally

Mark Wellborn
March 15th | 1 Comment

DC’s Department of Consumer and Regulatory Affairs (DCRA) has launched Rent Your DC Basement... read »

Condo Buyers more »

Real Estate’s Unicorn: The Three-bedroom Condo

Real Estate’s Unicorn: The Three-bedroom Condo

Joe Marhamati
March 16th | 3 Comments

The three-bedroom condo is a rare property type and one that not many home buyers are looking for.... read »

Unique Spaces more »

Unique Spaces: Tilden Street Restaurant Becomes Spacious Home

Tilden Street Restaurant Becomes Spacious Home

Mark Wellborn
March 2nd | 16 Comments

There are likely very few people in the DC area who can say that they live in a former restaurant.... read »

DC Buyer more »

DC Buyer: Small Business Owner Looking for Live/Work Space

Small Business Owner Looking for Live/Work Space

Martin Smith
2:00 PM EDT | 2 Comments

In this week's DC Buyer, we’re working with Alex, a small business owner looking for a live/work... read »

UrbanTurf Reader Asks more »

UrbanTurf Reader Asks: Are DC Homeowners Seeing Their Tax Assessments Increase?

Are DC Homeowners Seeing Their Tax Assessments Increase?

Mark Wellborn
March 9th | 8 Comments

In this week’s installment of UrbanTurf Reader Asks, a reader who bought a foreclosure in 2009 and... read »

Ask an Agent more »

Ask an Agent: Should I Buy a Parking Space That is Separate From My Unit?

Should I Buy a Parking Space That is Separate From My Unit?

Mark Wellborn
December 9th | 2 Comments

In this week's installment of Ask An Agent, a reader who bought a condo last year wonders if he... read »

Best New Listings more »

Best New Listings: Adams Morgan and 16th Street Heights

Best New Listings: Adams Morgan and 16th Street Heights (Week of Mar 14th)

Mark Wellborn
March 14th | 1 Comment

This week's Best New Listings include a two-bedroom penthouse co-op in Adams Morgan with parking... read »

Luxury Real Estate more »

“If I Had $2 Million” Listing: Ultra-Modern Home in Penn Quarter

“If I Had $2 Million” Listing: Ultra-Modern Home in Penn Quarter

Mark Wellborn
March 12th | 9 Comments

This week's If I Had $2 Million listing certainly caters to a particular type of buyer. The... read »