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 The kitchen and bathroom are outdated, and the house doesn’t have central A/C. However, the historic features, like the radiators and original clawfoot tub, are likely attractive to some buyers.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.
- 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
This article originally published at http://dc.urbanturf.com/articles/blog/deal_of_the_week_petworth_wardman_that_needs_updating/5779
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