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