Deal of the Week: Under $400 a Square Foot on the Hill
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.
Entrance
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: capitol hill, deal of the week, eastern market
This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_under_400_a_square_foot_on_the_hill/4227.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
If there was ever a place where the old adage “one man’s trash is another man’s... read »
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- The Price For A House in The DC Area Hit A New High in April
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro