Tuesday’s Deal of the Week

• October 6, 2009

by Mark Wellborn

This week’s Deal of the Week is a two-bedroom-plus-den corner unit in the heart of the U Street Corridor that may be the best-priced new condo of its size in the neighborhood. The 1,200 square-foot property at the Solea has floor-to-ceiling windows, downtown views, a den that could easily serve as a third bedroom and a garage parking space. The price was recently reduced by $50K, making the unit just $414 per square foot. (Compare that to over $500, which is common in the U Street Corridor.) More photos and info below. For the full listing, click here.

Living Room

Kitchen

Master Bedroom

1414 Belmont Street NW, #104 (see map here)

• Price: $499,900
• Bedrooms: Two
• Bathrooms: Two
• Square Footage: 1,207
• Price per SF: $414

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.98 percent.

• Loan Amount: $400,000
• Principal and Interest: $2,142
• Monthly Fees: Approximately $432
• Est. Insurance: $50
• Total Monthly Payments: $2,624

4 Comments

1. Gregory said at 9:08 am on Tuesday October 6, 2009:

   Place looks very good for the money. A parking space is a key amenity in that area.

1. Liz said at 11:15 am on Tuesday October 6, 2009:

   Not a good place for a single woman living alone.  A little too close to ground level, everyone can see in.  Paranoid, me?

1. Benji said at 11:31 am on Tuesday October 6, 2009:

   Shades/curtains are the easy fix if you are worried about someone looking in on you. Plus it is on the second floor.

1. John said at 11:41 am on Tuesday October 6, 2009:

   Heh, click through to the listing. No reason for anyone to be concerned when you have full “protection” at the “SOLEA CONDOM”.

   Unfortunate truncation of the name.