1411 Ames Place NE
In the DC area housing market, deals are increasing difficult to find. So, in lieu of Deal of the Week, UrbanTurf presents Multiple Bids, where we feature a home that we believe is likely to attract, well, multiple bids.
This rowhouse near the border of Capitol Hill and what is now referred to as Hill East has a few features that make it likely to attract attention: a relatively low price per square foot ($433) and a rentable one-bedroom basement unit that can offset monthly mortgage payments.
The four-bedroom about a block and a half from Lincoln Park has been renovated and comes with a small back patio. While not a slam dunk of a bargain (a home on the same block with one less bedroom and no half bath sold for $590,000 in December 2012), we think that rentable unit will entice a number of buyers to submit offers. More photos and details below.
- Full Listing: 1411 Ames Place NE (map)
- Price: $650,000
- Bedrooms: Four
- Bathrooms: 2.5
- Year Built: 1908
- Price per Square Foot: $433
- Listing Agent: Cameron Dunlop, Coldwell Banker
Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 3.6 percent.
- Loan Amount: $520,000
- Principal and Interest: $2,364
- Property Taxes: $325
- Total Monthly Payments: $2,689
This article originally published at https://dc.urbanturf.com/articles/blog/multiple_bids_rowhouse_with_a_rental_unit_near_lincoln_park/6931.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
Why condo fees are high in some buildings and low in others can be a difficult questi... read »
When sellers haven't quite lined up their next house before their settlement date com... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
Here's what you need to know about reporting profit made from the sale of your home.... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
A recent transaction shows that the housing market isn't cooling off everywhere.... read »
Developer Akridge has released new images of their planned Burnham Place development ... read »
The new development will also have a nearly 20,000 square-foot public plaza.... read »
New plans filed with Arlington County last week provide the first renderings for The ... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro