Deal of the Week: Barnaby Woods/Chevy Chase Fixer-Upper

• April 26th 2011

by UrbanTurf Staff

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Buyers in the market for a Chevy Chase home that needs some work might find this installment of Deal of the Week to their liking.

The three-bedroom rambler sits on the northern edge of the neighborhood that some DC residents call Barnaby Woods, but most consider part of Chevy Chase DC. The relatively low price tag for the listing is due to the fact that the home is being sold “as is” and will need some updating by the eventual buyer. (In other words, don’t be turned off by the bright red carpet in the living room.)

With over 2,200 interior square feet and high ceilings, the home has a good deal of space, and there is also an attached garage and a backyard. That said, the real draw of this home is the price. A smaller house in the area that also needed work sold recently for about $30,000 more than this home is asking, and this is the only three-bedroom in the area selling for less than $600,000.

More details and photos below.

• Full Listing: 3243 Chestnut Street NW (map)
• Price: $575,000
• Bedrooms: Three
• Bathrooms: 3.5
• Year Built: 1951
• Listing Agent: Beverly Nadel, Evers & Company

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.9 percent.

• Loan Amount: $460,000
• Principal and Interest: $2,441
• Property Taxes: $468/month
• Total Monthly Payments: $2,909

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_barnaby_woods_fixer-upper/3384.