Deal of the Week: How to Afford Georgetown

• July 31st 2012

by Shilpi Paul

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This edition of Deal of the Week features an attractive listing at a price point not often seen in and around Georgetown.

One half of a two-flat townhouse, the one-bedroom condo has lots of windows, cool built-ins (including what looks like about 30 wine bottle-sized nooks in the kitchen), 9-foot ceilings, a fireplace, access to a back patio and a location on a quiet street on the northern end of the neighborhood. With 775 square feet, the rooms are also pretty spacious, and the slightly unusual shape of the house means that it has lots of cozy nooks. The condo fees are quite low for DC ($145), and for $425,000, the buyer gets a lot of space by Georgetown standards.

In a neighborhood where parking spaces can fetch over $50,000 and the price per square foot generally hovers around $700 and up, this option offers entry into the area for first-timers.

More details and photos below.

• Full Listing: 3400 Dent Place NW, #1 (map)
• Price: $425,000
• Bedrooms: One
• Bathrooms: One
• Square Footage: 775
• Listing Agent: Judith Cochran, Long & Foster Real Estate

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 3.9 percent.

• Loan Amount: $340,000
• Principal and Interest: $1,604
• Property Taxes: $214
• Total Monthly Payments: $1,818

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_how_to_afford_georgetown/5839.