Deal of the Week: A Trinidad Fixer-Upper With Promise

• July 3rd 2012

by Shilpi Paul

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This installment of Deal of the Week is for a buyer willing to get a little dirty. While the piles of clutter and wood paneling make the rooms of this Trinidad row house look unappealing right now, some scrubbing and major trash disposal will reveal the bones of a very comfortable family home.

Looking past the surface, this row house has a lot going for it: four bedrooms, end unit placement with many more windows than a typical row house, a partially finished basement, parking, a patio area, and a large front porch. The location also hints at a wise investment: it’s half a mile from the H Street Corridor and a mile from Florida Avenue Market and the upcoming Union Market.

Without going inside, it’s tough to know exactly how much time and money it will take to make this home really shine, but we speculate that beyond some work in the kitchen and bathroom, the work will be largely cosmetic. For inspiration, check out these two recent editions of Re-imagined that envision how fixer-uppers in the neighborhood can be transformed.

More details below.

• Full Listing: 1526 Trinidad Avenue NE (map)
• Price: $300,000
• Bedrooms: Four
• Bathrooms: Two
• Square Footage: 1,600
• Listing Agent: Elbert Graves, Long & Foster

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 3.8 percent.

• Loan Amount: $240,000
• Principal and Interest: $1,118 per month
• Property Taxes: $185 per month
• Total Monthly Payments: $1,303

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_fixer-upper_with_promise_in_trinidad/5729.