What's Hot: RFK Stadium Cleared For Demolition | Airbnb Unveils Icons
Multiple Bids: The Capitol Hill Income Producer
1411 Ames Place NE
In the DC area housing market, deals are increasing difficult to find. So, in lieu of Deal of the Week, UrbanTurf presents Multiple Bids, where we feature a home that we believe is likely to attract, well, multiple bids.
This rowhouse near the border of Capitol Hill and what is now referred to as Hill East has a few features that make it likely to attract attention: a relatively low price per square foot ($433) and a rentable one-bedroom basement unit that can offset monthly mortgage payments.
The four-bedroom about a block and a half from Lincoln Park has been renovated and comes with a small back patio. While not a slam dunk of a bargain (a home on the same block with one less bedroom and no half bath sold for $590,000 in December 2012), we think that rentable unit will entice a number of buyers to submit offers. More photos and details below.
- Full Listing: 1411 Ames Place NE (map)
- Price: $650,000
- Bedrooms: Four
- Bathrooms: 2.5
- Year Built: 1908
- Price per Square Foot: $433
- Listing Agent: Cameron Dunlop, Coldwell Banker
Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 3.6 percent.
- Loan Amount: $520,000
- Principal and Interest: $2,364
- Property Taxes: $325
- Total Monthly Payments: $2,689
See other articles related to: capitol hill, hill east, multiple bids
This article originally published at https://dc.urbanturf.com/articles/blog/multiple_bids_rowhouse_with_a_rental_unit_near_lincoln_park/6931.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
A regular inclusion as one of DC's most expensive housing markets, Georgetown remains... read »
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