Home | Newsletter | Advertise
loading...

Deal of the Week: Is The Price Now Right?

  • November 15th 2011

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Deal of the Week: Is The Price Now Right?: Figure 1
6918 6th Street NW

In many instances, a property on the market needs a few price reductions in order to put it into bargain territory. 6918 6th Street NW was originally listed about two months ago for $535,000, but that asking price has been dropped twice, first to $510,000, and most recently to its current deal-worthy price of $490,000.

Deal of the Week: Is The Price Now Right?: Figure 2

The home, adjacent to Walter Reed and near the Takoma Metro, has six bedrooms and two bathrooms, but needs some work to restore it to a single-family residence as for the past few years it has served as the Kriya Yoga Devotee Center.

Deal of the Week: Is The Price Now Right?: Figure 3

Most of the bedrooms are fairly modest and the entire home will need renovations, but the property has high ceilings and the type of old-fashioned front porch that Takoma DC has become known for. The home also has a backyard with a structure that could be used as a garden room or studio.

Deal of the Week: Is The Price Now Right?: Figure 4

More details below.

  • Address: 6918 6th Street NW (map)
  • Price: $490,000
  • Bedrooms: Six
  • Bathrooms: Two
  • Square Footage: 2,146
  • Listing Agent: Meg Finn, Long & Foster

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.1 percent.

  • Loan Amount: $392,000
  • Principal and Interest: $1,894
  • Property Taxes: $302/month
  • Total Monthly Payments: $2,196

See other articles related to: dclofts, deal of the week, takoma

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_is_the_price_now_right/4577.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse