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Deal of the Week: 720 Square Feet on the Cheap in Dupont

  • August 9th 2010

by Mark Wellborn

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Deal of the Week: 720 Square Feet on the Cheap in Dupont: Figure 1

If you are in the market for a one-bedroom unit, you may want to check out the block of 20th Street between R and S in Dupont Circle. In addition to the one-bedroom unit in this week’s Best New Listings, we found a corner one-bedroom co-op on that block for this installment of Deal of the Week, where the price has dropped almost $65,000 since it was originally listed three months ago.

The 720 square-foot unit has hardwood floors, an updated kitchen, a wood-burning fireplace, and numerous windows which makes the place very bright. Even though the monthly fees look high, keep in mind that they include property taxes. With a 20 percent down payment at a 4.5 percent interest rate, your monthly payments are going to be about $1,660 a month; the average monthly rent for a one-bedroom in this area is about $2,000. More details and photos below.

  • Address: 1731 20th Street NW, #6 (map)
  • Price: $285,000
  • Bedrooms: One
  • Bathrooms: One
  • Square Footage: 720

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.6 percent.

  • Loan Amount: $228,000
  • Principal and Interest: $1,155
  • Coop Fees (Includes Property Taxes): $508/month
  • Total Monthly Payments: $1,663

Deal of the Week: 720 Square Feet on the Cheap in Dupont: Figure 2
Exterior of 1731 20th Street

Deal of the Week: 720 Square Feet on the Cheap in Dupont: Figure 3
Kitchen

Deal of the Week: 720 Square Feet on the Cheap in Dupont: Figure 4
Bedroom

See other articles related to: dclofts, deal of the week, dupont circle

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_720_square_feet_on_the_cheap_in_dupont/2354.

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