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Deal of the Week: A Popular Fixer Upper

  • February 28, 2012

by UrbanTurf Staff

Deal of the Week: A Popular Fixer Upper: Figure 1
1808 1/2 6th Street NW. Google Maps.

This installment of Deal of the Week is for a buyer (or investor) that wants a fixer-upper. But based on what UrbanTurf has heard, that buyer will need to move quickly.

Built back in 1906, the two-bedroom row house in Shaw is being sold as-is, and it will require a good deal of interior rehabilitation. Unfortunately, we haven’t been able to get much more information regarding its condition than that. (Of particular interest would be the cost estimates for renovating the home.) But we can say that in just about 48 hours on the market, the listing’s condition has not dampened interest

The blue house has received over 20 inquiries so far, and the offers had already started coming in as of Tuesday morning. If this property interests buyers out there, we are guessing that they will need to move quickly and come in above the asking price.

More details below.

  • Full Listing: 1808 1/2 6th Street NW (map)
  • Price: $270,000
  • Bedrooms: Two
  • Bathrooms: One
  • Year Built: 1906
  • Listing Agent: Shirley Curtis, Century 21

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4 percent.

  • Loan Amount: $216,000
  • Principal and Interest: $1,031
  • Property Taxes: $280/month
  • Total Monthly Payments: $1,311

This article originally published at http://dc.urbanturf.com/articles/blog/deal_of_the_week_a_popular_fixer_upper/5214

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