Deal of the Week: Another Bargain Between Capitol Hill and H Street

• March 1st 2011

by Mark Wellborn

A couple weeks ago, we featured a three-bedroom home on Tennessee Avenue that was listed below $300,000, but needed about a couple hundred thousand dollars of work to bring it up to prime condition. It received multiple offers and will likely sell for above its original list price. This installment of Deal of the Week is a well-priced version of what the Tennessee Avenue home could look like in a year or two if some hard work is put into it.

The 1,800 square-foot three-bedroom listing straddles the border of Capitol Hill and what in recent years has been christened Hill East. The house has a number of Capitol Hill property trademarks including high ceilings and heart of pine woodwork throughout. All three bedrooms are spacious and the lower level could either be a family room or additional bedroom. Out back there is a patio as well as a garage that could fit one, possibly two cars. To put this home’s deal-worthiness in perspective, in August, a similarly-sized listing in the same condition one block away sold for $559,000, and that was without parking.

More details and photos below. For the full listing, click here.

• Address: 216 14th Street NE (map)
• Price: $549,500
• Bedrooms: Three
• Bathrooms: Two
• Square Footage: 1,800
• Price Per Square Foot: $305

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.95 percent.

• Loan Amount: $439,600
• Principal and Interest: $2,346
• Property Taxes: $265/month
• Total Monthly Payments: $2,611

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_another_bargain_between_capitol_hill_and_h_street/3074.