Deal of the Week: Bargain One-Bedroom In A Quiet Neighborhood

• February 1st 2011

by Mark Wellborn

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Frequently on UrbanTurf, we feature listings that we think would make good homes for first-time buyers. For this installment of Deal of the Week, we look at one of the lowest-priced one-bedroom units in Chevy Chase that would be fitting for a newbie buyer in the market for a quiet neighborhood.

The listing measures out at about 620 square feet and in addition to hardwood floors, it has a small two-chair-and-table balcony and an eating area in the kitchen. The bedroom also has a good deal of closet space.

For a stretch of Connecticut Avenue that was long known just for one iconic (by DC standards) bookstore, the block where this unit is located is now home to places like Comet Ping Pong and Buck’s Fishing and Camping.

As for the unit being deal-worthy, the price has dropped on this co-op making it the best-priced one-bedroom in the 20008 zip code (aside from a unit with a $1,000/month fee). Even with the price reduction, we think that there still might be some flexibility in the asking price.

More details and photos below. For the full listing, click here.

• Address: 5112 Connecticut Avenue NW, #209 (map)
• Price: $234,000
• Bedrooms: One
• Bathrooms: One
• Square Footage: Approx. 620

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.8 percent.

• Loan Amount: $187,200
• Principal and Interest: $982
• Coop Fees (Including Taxes): Approx. $405/month
• Total Monthly Payments: $1,387

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_bargain_one_bedroom_in_a_quiet_neighborhood/2931.