Deal of the Week: The Chevy Chase Starter Home
5382 Nevada Avenue NW
Four-bedroom homes in Chevy Chase DC usually hover in the high six-figure/low seven-figure price range, so when one hits the market that falls below that price point, it garners some attention.
This installment of Deal of the Week, a four-bedroom Colonial, is discounted for a couple reasons. For one thing, it lies near the busy intersection of Military Road and Nevada Avenue NW. For another, it is in good shape, but not the recently-renovated condition that so many homes in the neighborhood fall under, and it is being sold as-is.
Backyard
However, the home’s price is not the only thing that makes it a bargain. At four bedrooms and 2.5 baths with a front porch and deep backyard, the listing offers a lot for the money in one of DC’s pricier neighborhoods. For comparison purposes, a three-bedroom, one-bath home sold in the 5900 block of Nevada Avenue several months ago for $700,000.
But the eventual buyer will likely be a family that purchases more than just the home. They will probably buy for the quiet neighborhood, access to some of the better public schools in the city, and a chance to put some sweat equity into a property with good bones.
Living Room
More details and photos below.
Front porch
Bedroom
- Full Listing: 5382 Nevada Avenue NW (map)
- Price: $699,000
- Bedrooms: Four
- Bathrooms: 2.5
- Year Built: 1935
- Listing Agent: Sally McLuckie, TTR Sotheby’s International Realty
Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.65 percent.
- Loan Amount: $559,200
- Principal and Interest: $2,883
- Property Taxes: $427/month
- Total Monthly Payments: $3,310
See other articles related to: chevy chase, deal of the week
This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_the_chevy_chase_starter_home/3901.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
If there was ever a place where the old adage “one man’s trash is another man’s... read »
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro