Deal of the Week: Under $400 a Square Foot on the Hill

by UrbanTurf Staff

516 A Street NE, #304

This installment of Deal of the Week lies almost equidistant from the Capitol and Eastern Market which, along with the fact that two-bedroom units in this section of Capitol Hill rarely sell for below $400,000, was one of the reasons it crossed our bargain radar.

The 980 square-foot unit is not without its drawbacks, as it needs to be updated and some buyers may frown when they see the window A/C units (for the record, UrbanTurf does not see the latter as a negative). However, the co-op has a kitchen that has a small sit-down space and a large pantry, the living room is bright, there are five closets throughout the unit, and it has a separate storage space in the basement.


A similar unit in the building sold a few months ago for about $15,000 more than this listing is asking, so by that comparison, #304 is a bargain. But anywhere within five blocks of this home, buyers would be hard pressed to find a two-bedroom priced this well.


More details below.

  • Address: 516 A Street NE, #304 (map)
  • Price: $389,000
  • Bedrooms: Two
  • Bathrooms: One
  • Square Footage: 978
  • Price Per Square Foot: $398

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.2 percent.

  • Loan Amount: $311,200
  • Principal and Interest: $1,522
  • Coop Fees (Taxes Included): $438/month
  • Total Monthly Payments: $1,960

See other articles related to: eastern market, deal of the week, capitol hill

This article originally published at http://dc.urbanturf.com/articles/blog/deal_of_the_week_under_400_a_square_foot_on_the_hill/4227


  1. RT said at 8:58 am on Tuesday September 27, 2011:

    Super cute!

  1. Justin said at 1:07 pm on Wednesday September 28, 2011:

    With coop fees over $400 a month, it seems like a money pit. There’s no excuse for a 900sqft unit to have fees like that unless taxes (or some other HUGE expense) are included. Buildings with pools and hurricane insurance have lower fees…

  1. Mike said at 1:35 pm on Thursday September 29, 2011:

    Taxes are included in the co-op fees, so that makes the payments actually reasonable.

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