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Deal of the Week: Something About Dupont Circle’s Willard Street

by Mark Wellborn

Deal of the Week: Something About Dupont Circle's Willard Street: Figure 1
1731 Willard Street NW, #105

Back in June 2010, UrbanTurf featured a 783 square-foot two-bedroom unit on Dupont Circle’s Willard Street that was the lowest priced unit of its size in the neighborhood at the time. Three months ago, we covered another deal-worthy unit on the same block, an inexpensive one-bedroom listing that was under contract within a few hours of us writing about it.

There must be something about Willard Street as yet another low-priced unit (by Dupont standards) hit the market on the block earlier this week.

Deal of the Week: Something About Dupont Circle's Willard Street: Figure 2

The one-bedroom condo is larger than the two units mentioned above, at almost 900 square feet, and it sits on two levels, which is uncommon for one-bedrooms in DC. The living area and small kitchen are on the upper floor, which has hardwood floors and a fireplace, and the master bedroom, which measures 25 feet by 10 feet, takes up most of the lower level.

The listing does have a downside, as it is a short sale, so the eventual buyer will need to go into the purchase process with their eyes open to the frustration that these transactions can incite. However, for the patient buyer, we deem it deal-worthy.

Deal of the Week: Something About Dupont Circle's Willard Street: Figure 3

More details below.

  • Full Listing: 1731 Willard Street NW, #105 (map)
  • Price: $334,000
  • Bedrooms: One
  • Bathrooms: Two
  • Square Footage: 875
  • Listing Agent: James Williams, Hagan Realty, LLC

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.3 percent.

  • Loan Amount: $267,200
  • Principal and Interest: $1,322
  • Condo Fees: $340/month
  • Property Taxes: $200/month (approximate)
  • Total Monthly Payments: $1,862

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

This article originally published at http://dc.urbanturf.com/articles/blog/deal_of_the_week_something_about_dupont_circles_willard_street/4090

3 Comments

  1. FG said at 1:36 pm on Tuesday September 6, 2011:
    I rent a 1-br in Dupont that is slightly smaller than this and pay $2,050 a month. Unfortunately, I don't have 20 percent to put down right now, but I would be on this place if I did.
  1. Mark said at 2:49 pm on Tuesday September 6, 2011:
    This isn't Dupont.
  1. David Bediz said at 8:44 pm on Tuesday September 6, 2011:
    Willard is definitely considered part of Dupont Circle although it has been considered part of a sub-neighborhood Striver's Section (see http://en.wikipedia.org/wiki/Dupont_Circle#Strivers.27_Section). It's a beautiful block and feels very neighborhood-y, if that's a word! FG, if you are at all considering a purchase like this there's no need to wait for a 20% downpayment. There are conventional loans available now for as little 3% down, and FHA has always been able to finance with as little as 3.5% down. Visit our website or contact Dwight or me if you'd like further details.

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