Home | Newsletter | Advertise
loading...

Tuesday's Deal of the Week

  • May 19th 2009

by Mark Wellborn

✉️ Want to forward this article? Click here.

Tuesday's Deal of the Week: Figure 1

This week’s Deal of the Week is a one-bedroom, one-bath co-op at 1657 31st Street NW (see map here) in Georgetown. The bright second floor unit is in need of some updating, but it has a spacious living room with a gas fireplace and a large bedroom that just needs some small renovations. The unit is just around the corner from Dumbarton Oaks, and there is a private garden attached to the co-op development. The monthly fees include most utilities and property taxes. The unit was originally listed for $360,000, had its price reduced to $324,000 and we think that an offer of $310,000 would be accepted.


  • Price: $324,000
  • Beds: One
  • Baths: One
  • Co-op Fees: $470/month
  • For the full listing, click here.

Here are some monthly payment calculations based on a 15 percent down payment and a 30-year fixed rate mortgage at 4.82%.

  • Loan Amount: $275,400
  • Principal and Interest: $1,448
  • Taxes and Fees: $470
  • Est. Mortgage Insurance: $70
  • Total Monthly Payments: $1,988

Tuesday's Deal of the Week: Figure 2
Living Room

Tuesday's Deal of the Week: Figure 3
Kitchen

Tuesday's Deal of the Week: Figure 4
Community Garden

See other articles related to: dclofts, deal of the week

This article originally published at https://dc.urbanturf.com/articles/blog/tuesdays_deal_of_the_week10/923.

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