Deal of the Week: Is The Price Now Right?
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6918 6th Street NW
In many instances, a property on the market needs a few price reductions in order to put it into bargain territory. 6918 6th Street NW was originally listed about two months ago for $535,000, but that asking price has been dropped twice, first to $510,000, and most recently to its current deal-worthy price of $490,000.
The home, adjacent to Walter Reed and near the Takoma Metro, has six bedrooms and two bathrooms, but needs some work to restore it to a single-family residence as for the past few years it has served as the Kriya Yoga Devotee Center.
Most of the bedrooms are fairly modest and the entire home will need renovations, but the property has high ceilings and the type of old-fashioned front porch that Takoma DC has become known for. The home also has a backyard with a structure that could be used as a garden room or studio.
More details below.
- Address: 6918 6th Street NW (map)
- Price: $490,000
- Bedrooms: Six
- Bathrooms: Two
- Square Footage: 2,146
- Listing Agent: Meg Finn, Long & Foster
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: $392,000
- Principal and Interest: $1,894
- Property Taxes: $302/month
- Total Monthly Payments: $2,196
See other articles related to: dclofts, deal of the week, takoma
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_is_the_price_now_right/4577.
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