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Deal of the Week: Five-Bedroom in Logan With A Lot of Potential

  • April 13th 2010

by Mark Wellborn

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Deal of the Week: Five-Bedroom in Logan With A Lot of Potential: Figure 1

While some readers may take issue with a property that is listed for almost $1 million being featured as a Deal of the Week, we think that we can make a pretty good case for this week’s home. For one thing, because this five-bedroom Victorian in Logan Circle is zoned for commercial, office or residential use, the lower level of the property could be turned into an office, a storefront or a two-bedroom rental. Also, at 4,500 square feet, the deal that the eventual buyer is getting on a price per square foot basis ($219) is quite good given the home’s location (Logan Circle square footage rates are usually double that). And lastly, the home (assessed at $1.082 million) is listed for well below what it sold for in 2007. For the full listing, click here.

Deal of the Week: Five-Bedroom in Logan With A Lot of Potential: Figure 2
Living Room

Deal of the Week: Five-Bedroom in Logan With A Lot of Potential: Figure 3
Media Room

Deal of the Week: Five-Bedroom in Logan With A Lot of Potential: Figure 4
Terrace

1218 11th Street NW (map)


  • Price: $985,000
  • Bedrooms: Five
  • Bathrooms: 3.5
  • Square Footage: 4,500
  • Price per SF: $219
  • Year Built: 1890

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 5.2 percent.

  • Loan Amount: $788,000
  • Principal and Interest: $4,327
  • Taxes: $766/month
  • Total Monthly Payments: $5,093

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

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_five-bedroom_in_logan_with_a_lot_of_potential/1971.

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