Deal of the Week: A Chevy Chase Three-Bedroom That Will Move Fast

• April 17, 2012

by UrbanTurf Staff

5209 Chevy Chase Parkway

Three-bedroom homes in Chevy Chase DC usually hover just below the seven-figure price range, so when one hits the market that is well south of that, it garners some attention.

This installment of Deal of the Week, a three-bedroom on Chevy Chase Parkway, is discounted for a couple reasons. For one thing, it lies not far from the busy intersection of Connecticut Avenue and Nebraska Avenue NW. For another, it is a Federal row house in a land full of single-family homes, so it doesn’t have quite the space offered by other properties in the neighborhood.

Still, the home has a number of things that a family moving into the area say, for the schools, will appreciate: two living areas, three good-sized bedrooms, a rear deck, and a deep backyard that leads to a garage. And the price is very good. For comparison purposes, a three-bedroom, 2.5-bath home up the block sold a little over a year ago for $730,000 in just six days.

More details and photos below.

• Full Listing: 5209 Chevy Chase Parkway (map)
• Price: $699,000
• Bedrooms: Three
• Bathrooms: 2.5
• Year Built: 1938
• Listing Agent: Michael Rankin, TTR Sotheby’s International Realty

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: $559,200
• Principal and Interest: $2,670
• Property Taxes: $487/month
• Total Monthly Payments: $3,157

This article originally published at http://dc.urbanturf.com/articles/blog/deal_of_the_week_a_three_bedroom_that_will_move_fast/5425