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Deal of the Week: A Logan Circle Steal in More Ways Than One

by Mark Wellborn

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For this installment of Deal of the Week, we find an 1,100 square-foot two-bedroom in Logan Circle that has a number of attributes making it worthy of this feature. The first is price per square foot. At $496, it is a solid $30 lower than the average price per square foot in the neighborhood, and if you factor in that the listing price includes parking, it looks like an even better deal. The second is the layout. While the bedrooms will not be the largest that you will find in the neighborhood, the living room has a loft-like feel with high ceilings, hardwood floors and a fireplace. Lastly, is the unit’s location. The block of R Street where this unit is located is smack in the middle of Logan Circle, three blocks north of Whole Foods and three blocks south of the U Street Metro on the Green Line. More details and photos below.

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Exterior
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Stairs into Living Room
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Kitchen

  • Price: $549,900
  • Bedrooms: Two
  • Bathrooms: Two
  • Square Footage: 1,111
  • Year Built: 1890

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 5 percent.

  • Loan Amount: $439,920
  • Principal and Interest: $2,362
  • Property Taxes: $595/month
  • Total Monthly Payments: $2,957

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

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_a_logan_circle_steal_in_more_ways_than_one/2145

5 Comments

  1. Mazlo said at 8:39 am on Tuesday June 8, 2010:

    Records show that this unit was listed $80K higher about three years ago. Deal indeed!!

  1. emerald said at 10:57 am on Tuesday June 8, 2010:

    Thanks for the photos.  The listing site doesn’t have pics.  They can’t be too quick to sell if the agent doesn’t take time to post photos.

  1. KstreetQB said at 5:56 pm on Tuesday June 8, 2010:

    If the kitchen is any indication of the bathroom, then the whole place is due for some major updating. At $494/sqft I don’t know that’s a deal.

    Condo fee is $200, which is okay.

    The savior is that a parking space conveys, which maybe just puts this listing at a decent price.

  1. Tom Hill said at 7:30 pm on Tuesday June 8, 2010:

    You can’t overlook the parking space. That’s $35K minimum, right there.

  1. Kathy M said at 4:25 pm on Wednesday June 9, 2010:

    Agent John Lumsden - where are the photos? In this day and age, photos should available and plentiful. There is only the main exterior image on public internet sites.

Comments are closed.

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