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Deal of the Week: Competitively Priced Victorian Near Lincoln Park

by Mark Wellborn

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16 10th Street NE

Presently, there are 25 homes for sale within a five-block radius north of Eastern Market with a median asking price of $899,000. The median asking price approaching seven figures might have something to do with why over 100 people visited this past weekend’s open house at 16 10th Street NE. The three-bedroom, two-bath home is attractive for a number of reasons including the unpainted brick facade and iron stairs, the combined kitchen-dining room area and the home’s outdoor space, which includes a rear deck that overlooks a back patio and a small roof deck that looks out at the gardens of the neighboring houses. (There is also a lower level in-law suite with front and rear entrances that currently rents for $1,200 a month.)

But what likely caught most people’s eye was the price tag. Prospective buyers in Capitol Hill will find it fairly difficult these days to find a full house this close to Eastern Market for less than $800,000. At $416, the price per square foot of 16 10th Street NE is well-below market for the area and one of the last homes of this size to sell in the vicinity fetched $789,000 and was under contract in three days.

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

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Living Room
  • Address: 16 10th Street NE (map)
  • Price: $775,000
  • Bedrooms: Three
  • Bathrooms: Two
  • Square Footage: 1,863

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.7 percent.

  • Loan Amount: $620,000
  • Principal and Interest: $3,216
  • Property Taxes: Approx. $419/month
  • Total Monthly Payments: $3,635
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Kitchen
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Bedroom
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Rear Deck
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Roof Deck

Photos courtesy of HomeVisit.

See other articles related to: lincoln park, deal of the week, dclofts, capitol hill

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_competitively_priced_victorian_near_lincoln_park/2860

4 Comments

  1. jones said at 9:54 am on Tuesday January 18, 2011:

    I was one of the dozens that showed up at the listing this weekend and then immediately ran home and crunched the numbers to see if an offer was possible. Unfortunately, it wasn’t in the cards, but this is a great house that won’t be around very long.

  1. 10th St said at 10:46 am on Tuesday January 18, 2011:

    Wow, that seems wildly underpriced.  Am I missing something?

  1. Buffalo said at 12:02 pm on Tuesday January 18, 2011:

    Beautiful. Nice $1,200 rental income to offset the mortgage.

  1. Ginger said at 10:16 am on Wednesday January 19, 2011:

    Not overpriced at all. I am not the real estate for this property but am an agent in DC. This is very well priced property. It offers an amazing location and good space. Most importantly it is particularly attractive to the buyer that is moving up from, say, a two bedroom condo. With the rental income to offset the mortgage, its a fabulous opportunity.

Comments are closed.

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