Deal of the Week: The Least Expensive Three-Bedroom in 20015

• December 4, 2012

by Shilpi Paul

3615 Patterson Street NW

In this installment of Deal of the Week, we venture up to Chevy Chase DC to look at the least expensive three-bedroom in 20015.

The 2,390-square foot home is on the market for $689,000, an affordable price for a house of this size in one of DC’s more desirable neighborhoods. Perhaps the relatively low price is due to the home’s lack of turnover: it has been in the same family for 60 years. The small lot and limited green space may also be factors.

The listing has been well-maintained, with good-looking hardwood floors and a working fireplace. The finished attic adds some living space, maybe for a playroom, office or den, and is accessible by a cool spiral staircase. The unfinished basement has an outside entrance of its own.

Living Room

The agent tells us there that the “as-is” property has received a lot of interest so far. More details below.

• Address: 3615 Patterson Street NW (map)
• Price: $689,000
• Bedrooms: Three
• Bathrooms: 2.5
• Year Built: 1931
• Listing Agent: Emily Swartz, Long and Foster Real Estate

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 3.5 percent.

• Loan Amount: $551,200
• Principal and Interest: $2,475
• Property Taxes: $507
• Total Monthly Payment: $2,982

This article originally published at http://dc.urbanturf.com/articles/blog/deal_of_the_week_the_least_expensive_three-bedroom_in_20015/6376