Deal of the Week: A Million-Dollar Deal

• November 8th 2010

by Mark Wellborn

Homes that are priced at over $1 million are rarely considered a deal within the DC borders. However, an exception should be made for this week’s Deal of the Week. This 5,000 square-foot, five-bedroom home on the corner of 13th and Fairmont Street has a rich history, and when listing agent/owner Brandon Green purchased the home in 2002, he stepped in to finish an extensive renovation of a property that had served as a former boarding house for 80 years.

The renovations that Green has made since the purchase are too numerous to name, but the home has three decks, a gated parking area for three cars, a lower level that now has a home office but could be a separate apartment, a completely renovated kitchen and a master suite on the top floor that has a gas fireplace and a custom-built multi-media system. At $320 a square foot, we deem this quite a deal for the right buyer. For the full listing, click here. For additional information about the home’s history and renovations, contact Brandon Green at 202-318-1623.

• Address: 1300 Fairmont Street NW (map)
• Price: $1,599,000
• Bedrooms: Five
• Bathrooms: 6.5
• Square Footage: 5,000

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.4 percent.

• Loan Amount: $1,279,200
• Principal and Interest: $6,406
• Property Taxes: $737/month
• Total Monthly Payments: $7,143

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_a_million-dollar_deal/2654.