Tuesday's Deal of the Week

• May 5th 2009

by Mark Wellborn

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This week’s Deal of the Week is in a slightly higher price range than the listings we normally pick for this feature, however we still consider it a deal. This two-bedroom, 2.5 bath condo at 1451 Belmont Street NW, #113 (see map here) is the largest unit in The Fedora building in Columbia Heights. And, at $400 a square foot it is one of the cheapest. (A unit recently sold in the building for $480/sf.) The condo is not only priced to sell, but the listing agent is also the owner, so his commission is not factored in to inflate the asking price.

The two-level unit has 19 windows that face south and east providing a good deal of natural light to the open floorplan on the first floor. Both bedrooms are large and the master suite has a walk-in closet. The unit has a private patio area and the building also has a large roof deck with 360-degree views that the owner considers one of the property’s best amenities. The listing price includes a garage parking space, and an additional space is available for $25K. More details below.

• Price: $619,000
• Beds: Two
• Baths: 2.5
• Square Footage: 1,549
• Price per SF: $400
• Condo Fees: $558/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 4.78%.

• Loan Amount: $526,150
• Principal and Interest: $2,754
• Taxes and Fees: $962
• Est. Mortgage Insurance: $200
• Total Monthly Payments: $3,916

This article originally published at https://dc.urbanturf.com/articles/blog/tuesdays_deal_of_the_week8/871.