Deal of the Week: Dupont Two-Bedroom For Under $440,000

• November 7th 2011

by UrbanTurf Staff

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Prices for two-bedroom listings in Dupont Circle can range widely, but rarely does a home that fits the legitimate two-bedroom criteria hit the market for less than $440,000. This installment of Deal of the Week fits into that category.

The 1,100 square-foot unit is a co-op that sits on P Street between 17th and 18th (not far from this famous studio). In addition to its low price per square foot ($399), the monthly fees are also reasonable if you consider that they include taxes, heat, gas and water.

The home has two good-sized bedrooms, one that is currently being used as an office, a bright living space that has been split to make room for a dining area, and a clawfoot tub in the bathroom.

The unit is not without its drawbacks, though, as the kitchen is rather small, there is just one bathroom, and the A/C will have to come from window units (for the record, UrbanTurf does not see the latter as a negative). None of these issues seemed to deter potential buyers, though, as over 60 people came by the open house on Sunday. We understand that offers will be reviewed on Wednesday.

More details below.

• Address: 1734 P Street NW, #6 (map)
• Price: $439,000
• Bedrooms: Two
• Bathrooms: One
• Square Footage: 1,100
• Listing Agents: Michael Moore and Diana Hart, TTR Sotheby’s International Realty

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.1 percent.

• Loan Amount: $351,200
• Principal and Interest: $1,697
• Coop Fees (Taxes Included): $460/month
• Total Monthly Payments: $2,157

Similar Posts:

• The High Fees Associated With Co-op Living

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_dupont_two_bedroom_for_under_450000/4523.