Home | Newsletter | Advertise
loading...

Deal of the Week: Petworth For Under $400,000

  • July 17th 2012

by Shilpi Paul

✉️ Want to forward this article? Click here.

Deal of the Week: Petworth For Under $400,000: Figure 1
729 Otis Place NW

This installment of Deal of the Week is in good condition, but its need for a little updating may explain the low price.

Despite the need for a few enhancements, the three-bedroom has a lot to offer: a location two blocks from the Petworth Metro, gleaming floors, original details, sizable rooms, and a backyard.

The low price reflects the home’s unmitigated aging. The kitchen and bathroom are outdated, and the house doesn’t have central A/C. However, the historic features, like the radiators and original clawfoot tub, are likely attractive to some buyers. As is the price considering that one would be hard pressed to find a three-bedroom in this area for under $400,000.

The agent tells us that the house has already received a lot of interest and that she expects to be looking at offers soon.

More details and photos below.

Deal of the Week: Petworth For Under $400,000: Figure 2
Living Room

Deal of the Week: Petworth For Under $400,000: Figure 3
Kitchen

Deal of the Week: Petworth For Under $400,000: Figure 4
Bedroom

Deal of the Week: Petworth For Under $400,000: Figure 5
Office

Deal of the Week: Petworth For Under $400,000: Figure 6
Backyard

  • Address: 729 Otis Place NW (map)
  • Price: $385,000
  • Bedrooms: Three
  • Bathrooms: One
  • Square Footage: 1,528
  • Price Per Square Foot: $252

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 3.7 percent.

  • Loan Amount: $308,000
  • Principal and Interest: $1,418
  • Property Taxes: $241
  • Total Monthly Payments: $1,659

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

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_petworth_wardman_that_needs_updating/5779.

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