Deal of the Week: An AU Park Bargain
4600 49th Street NW
The last few deals that we featured in 2011 were in neighborhoods like Cleveland Park and the U Street Corridor, so we decided to head to the upper reaches of NW after getting word that there was a well-priced listing on the market in American University Park.
This three-bedroom bungalow sits about as close to the DC-Maryland border (while still being in DC) as just about any home in the city, and there were three features about the property that caught our eye. First, it has a large lower-level au-pair suite that almost looks more inviting than the home’s main floor. Second, it has a backyard spread over two lots with a flagstone patio and a tree swing. And lastly, the home’s garage has been converted into an artist’s studio.
The home has been on the market for about a week and is priced well given comparable sales in the neighborhood; a slightly smaller three-bedroom not too far away on the same-sized lot sold a few months ago for $780,000.
More details and photos below.
- Full Listing: 4600 49th Street NW (map)
- Price: $700,000
- Bedrooms: Three
- Bathrooms: Three
- Year Built: 1925
Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4 percent.
- Loan Amount: $560,000
- Principal and Interest: $2,674
- Property Taxes: $504/month
- Total Monthly Payments: $3,178
See other articles related to: deal of the week, american university park
This article originally published at http://dc.urbanturf.com/articles/blog/deal_of_the_week_an_au_park_bargain/4887
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