Multiple Bids: Victorian on the U Street Corridor

• April 30, 2013
• 1 Comment

by Shilpi Paul

In Multiple Bids, UrbanTurf showcases homes that we think will attract the attention of several buyers. This week, we feature a medium-sized, moderately priced Victorian just north of U Street.

The interior of the three-bedroom home, renovated in 1994, is modest with a living room that is open and malleable. The master bedroom is well sized, and the two smaller bedrooms are being used as a TV-watching room and a nursery. Our favorite area was the backyard, which is private, paved with brick, and has lush vegetation off to the side.

To indicate just how much things have changed on the U Street Corridor in the past 15 years, this home sold, apparently in a renovated state, back in 1998 for $160,000. Still, the current list price and price per square foot is a bit lower than comparable homes that sold in the area recently and as such, we think it will attract quite a bit of attention. More details and photos below.

• Address: 1203 W Street NW (map)
• Price: $699,000
• Bedrooms: Three
• Bathrooms: 1.5
• Year Built: 1890
• Price per Square Foot: $467
• Listing Agent: Melissa Chen, Evers & Company 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: $559,200
• Principal and Interest: $2,511
• Property Taxes: $352
• Total Monthly Payments: $2,863

This article originally published at https://dc.urbanturf.com/articles/blog/multiple_bids_victorian_on_the_u_street_corridor/6997

1 Comment

1. guest said at 10:39 pm on Tuesday April 30, 2013:
   $700,000 is moderately priced??? Seriously?? I really need to move to a more rational location.