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Deal of the Week: Four-Bedroom Victorian in Shaw With Rental Unit

  • December 8th 2009

by Mark Wellborn

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Deal of the Week: Four-Bedroom Victorian in Shaw With Rental Unit: Figure 1

Four-bedroom homes do not normally make it in the Deal of the Week feature, but we included this one for a few reasons. For one thing, the home is beautiful, and has an amazing main level with a new kitchen, exposed brick, and large bay windows. Second, there is a one-bedroom apartment on the ground floor that could probably bring in around $1,100/month and help with about a third of the monthly mortgage payments. Lastly, the listing price on the home just dropped again, making for a total of $40K in price reductions since the property was listed. We think that the winning bid will be in the $700,000 range considering how long it has been on the market. More photos and info below. For the full listing, click here.

Deal of the Week: Four-Bedroom Victorian in Shaw With Rental Unit: Figure 2
The Main Floor

Deal of the Week: Four-Bedroom Victorian in Shaw With Rental Unit: Figure 3
Living Area

Deal of the Week: Four-Bedroom Victorian in Shaw With Rental Unit: Figure 4
Bedroom

1701 New Jersey Avenue NW (map)


  • Price: $729,000
  • Bedrooms: Four
  • Bathrooms: Three
  • Year Built: 1900

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.71 percent.

  • Loan Amount: $583,200
  • Principal and Interest: $3,028
  • Taxes and Fees: Approximately $374
  • Est. Insurance: $75
  • Total Monthly Payments: $3,477

See other articles related to: deal of the week, shaw, victorian

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_four_bedroom_victorian_in_shaw_with_rental_unit/1581.

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