Deal of the Week: 1,800 Square-Foot Three-Bedroom Bargain

• February 22nd 2011

by Mark Wellborn

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This installment of Deal of the Week is a well-priced 1,800 square-foot three-bedroom condo that straddles the 16th Street border of Columbia Heights and Mount Pleasant. The three-level home has a top floor with five skylights, good-sized bedrooms, and amenities like a wood-burning fireplace in the living room and a parking space that conveys. The listing is in very good condition and the seller has renovated both the table-space kitchen as well as the two full bathrooms.

In addition to the price per square foot ($299), there are a number of things that put this unit in deal territory. The condo association has already paid for all the windows to be replaced this spring as well as for the solarium off the living room to be converted into an open balcony. Also, a two-bedroom unit that was not in as good condition as this listing and was 300 square feet smaller, sold in April 2010 for just about $25,000 less than what this unit is asking.

More details and photos below. For the full listing, click here.

• Address: 1692 Oak Street NW, #24 (map)
• Price: $539,000
• Bedrooms: Three
• Bathrooms: 2.5
• Square Footage: 1,800
• Price Per Square Foot: $299

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 5 percent.

• Loan Amount: $431,200
• Principal and Interest: $2,315
• Property Taxes: $361/month
• Condo Fees: $426/month
• Total Monthly Payments: $3,102

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_1800_square-foot_three-bedroom_bargain/3031.