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Deal of the Week: Georgetown on the Cheap

  • May 8th 2012

by UrbanTurf Staff

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Deal of the Week: Georgetown on the Cheap: Figure 1
2516 Mill Road NW

Georgetown is known for a lot of things, but reasonably priced homes for the mere mortal is not one of them. This installment of Deal of the Week bucks that trend, however.

Originally a total of four servant quarters when they were built in the early 20th century, the two houses at 2514 and 2516 Mill Road NW have been residences for the past several decades. 2516 Mill Road NW has not been on the market since 1968, and not many upgrades have been made over the years, hence the low price.

Still, even if the kitchen, bathrooms and floors need to be renovated, nowhere in the neighborhood can you find a home this size at this price. And if the property we featured yesterday is any indication, this one won’t be around for very long.

More details below.

  • Full Listing: 2516 Mill Road NW (map)
  • Price: $499,000
  • Bedrooms: Two
  • Bathrooms: 1.5
  • Year Built: 1900
  • Listing Agent: Daryl Judy, Washington Fine Properties

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 3.96 percent.

  • Loan Amount: $399,200
  • Principal and Interest: $1,897
  • Property Taxes: $415/month
  • Total Monthly Payments: $2,312

See other articles related to: deal of the week, georgetown

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_georgetown_on_the_cheap/5513.

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