Deal of the Week: Two-Bedroom Plus Loft in McLean Gardens

by UrbanTurf Staff

Loft space at 3851 Newark Street NW, #462

The McLean Gardens complex in Cleveland Park is a little bit deceiving on first glance. While its red-brick exterior gives it the look of a college dorm, the units actually have very cool (dare we say, hip) floorplans. This installment of Deal of the Week is a two-bedroom plus loft unit that measures out just shy of 1,300 square feet. The condo has a fairly spacious living area, two bedrooms with good square footage, a smallish kitchen and a loft large enough to serve as a third bedroom, family room or a home office area.

Living Room

Admittedly, this listing is not for everyone as its location on Wisconsin Avenue is fairly quiet and a 20-minute walk from the closest Metro station. Also, the above-average condo fees pay for things like the community pool and tennis courts, so the property caters to a buyer that would take advantage of these amenities. The price-per-square-foot is low enough for the area that it almost offsets the high fees, though.

When McLean Gardens units hit the market, though, they don’t stay on the market very long. The last two comparable units in the complex to sell were under contract in less than a week and fetched somewhere between $15,000 and $20,000 above their asking price.

More details and photos below. For the full listing, click here.

Dining area
  • Address: 3851 Newark Street NW, #462 (map)
  • Price: $458,500
  • Bedrooms: Two, plus loft
  • Bathrooms: One
  • Square Footage: 1,293

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.8 percent.

  • Loan Amount: $366,800
  • Principal and Interest: $1,924
  • Condo Fees: $565/month
  • Property Taxes: $313/month
  • Total Monthly Payments: $2,803

See other articles related to: mclean gardens, deal of the week, dclofts, cleveland park

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_two_bedroom_plus_loft_in_mclean_gardens/2964


  1. Mary C said at 9:54 am on Tuesday February 8, 2011:

    Even with the location, I think it is a very good deal. I agree with the article in that the square footage price offsets the monthly fees, but the selling point for me would be the pool…

  1. Mike said at 12:54 pm on Tuesday February 8, 2011:

    I used to drive by these on my way to work and wondered about what the “dorms” looked like inside.  Way cooler than I expected.  Seems like a great price per square foot. 

    Also there is a bus that runs to Georgetown and up to Tenleytown Station along Wisconsin. There is a stop right in front of the complex, so easy transportation options.  You can walk to Two Amys, a grocery store and other entertainment pretty easily, although it is a sleepy area on the weekends.

Comments are closed.

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