Deal of the Week: An AU Park Bargain

• January 10th 2012

by UrbanTurf Staff

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The last few deals that we featured in 2011 were in neighborhoods like Cleveland Park and the U Street Corridor, so we decided to head to the upper reaches of NW after getting word that there was a well-priced listing on the market in American University Park.

This three-bedroom bungalow sits about as close to the DC-Maryland border (while still being in DC) as just about any home in the city, and there were three features about the property that caught our eye. First, it has a large lower-level au-pair suite that almost looks more inviting than the home’s main floor. Second, it has a backyard spread over two lots with a flagstone patio and a tree swing. And lastly, the home’s garage has been converted into an artist’s studio.

The home has been on the market for about a week and is priced well given comparable sales in the neighborhood; a slightly smaller three-bedroom not too far away on the same-sized lot sold a few months ago for $780,000.

More details and photos below.

• Full Listing: 4600 49th Street NW (map)
• Price: $700,000
• Bedrooms: Three
• Bathrooms: Three
• Year Built: 1925

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4 percent.

• Loan Amount: $560,000
• Principal and Interest: $2,674
• Property Taxes: $504/month
• Total Monthly Payments: $3,178

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_an_au_park_bargain/4887.