Home | Newsletter | Advertise
loading...

Deal of the Week: Under $400 a Square Foot on the Hill

  • September 27th 2011

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Deal of the Week: Under $400 a Square Foot on the Hill: Figure 1
516 A Street NE, #304

This installment of Deal of the Week lies almost equidistant from the Capitol and Eastern Market which, along with the fact that two-bedroom units in this section of Capitol Hill rarely sell for below $400,000, was one of the reasons it crossed our bargain radar.

The 980 square-foot unit is not without its drawbacks, as it needs to be updated and some buyers may frown when they see the window A/C units (for the record, UrbanTurf does not see the latter as a negative). However, the co-op has a kitchen that has a small sit-down space and a large pantry, the living room is bright, there are five closets throughout the unit, and it has a separate storage space in the basement.

Deal of the Week: Under $400 a Square Foot on the Hill: Figure 2
Entrance

A similar unit in the building sold a few months ago for about $15,000 more than this listing is asking, so by that comparison, #304 is a bargain. But anywhere within five blocks of this home, buyers would be hard pressed to find a two-bedroom priced this well.

Deal of the Week: Under $400 a Square Foot on the Hill: Figure 3

More details below.

  • Address: 516 A Street NE, #304 (map)
  • Price: $389,000
  • Bedrooms: Two
  • Bathrooms: One
  • Square Footage: 978
  • Price Per Square Foot: $398

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.2 percent.

  • Loan Amount: $311,200
  • Principal and Interest: $1,522
  • Coop Fees (Taxes Included): $438/month
  • Total Monthly Payments: $1,960

See other articles related to: capitol hill, deal of the week, eastern market

This article originally published at https://dc.urbanturf.com/articles/blog/deal_of_the_week_under_400_a_square_foot_on_the_hill/4227.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse