20 Logan Circle NW
This installment of Deal of the Week is a well-priced two-bedroom unit right on Logan Circle that we warn readers is a property for the patient buyer. The reason for the warning is that the home is a short sale, and as UrbanTurf readers know the short sale buying process can be long and cumbersome. In this case it may be worth it, though.
The 1,078 square-foot unit is priced at about a $40,000 discount to a comparably-sized two-bedroom that sold in the building in late 2011. The two-level condo has a fireplace in the living room and a couple of Juliet balconies, but the one downside is that there is no parking, which will be important in an area seeing seeing as much development as Logan Circle.
More details below.
- Address: 20 Logan Circle NW, Unit 1-2 (map)
- Price: $535,000
- Bedrooms: Two
- Bathrooms: Two
- Square Footage: 1,078
Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.10 percent.
- Loan Amount: $428,000
- Principal and Interest: $2,068
- Condo Fees: $300/month
- Property Taxes: $427/month
- Total Monthly Payments: $2,795
This article originally published at http://dc.urbanturf.com/articles/blog/deal_of_the_week_a_bargain_for_the_patient_buyer/5364
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