Deal of the Week: Petworth Rowhouse Price Dropper

• March 19th 2013

by Shilpi Paul

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UrbanTurf first featured this rowhouse in the northern reaches of Petworth last month, as one of our options for What $540,000 Buys You in the DC Area. Initially priced at $525,000, the home was renovated in 2005 at the height of the open-floor-plan, gut-renovation trend. The first floor is one huge open space, and the master bedroom has an opened-up ceiling.

Now the price has been dropped to $499,900, bringing it squarely into deal territory at $258 per square foot. Part of the low price-per-square-footage comes from the size of the home: at 1,935 square feet, it is a bit larger than a typical rowhouse in the neigborhood. With its position at the end of a row, the home also has more windows than its neighbors.

In addition to the three bedrooms and 2.5 bathrooms, the basement has been renovated into an in-law suite with a bedroom, living area and second kitchen. There is also off-street parking. More details and photos below.

• Full Listing: 707 Ingraham Street NW (map)
• Price: $499,900
• Bedrooms: Four
• Bathrooms: 3.5
• Year Built: 1931
• Price per Square Foot: $258
• Listing Agent: Erich Cabe, Coldwell Banker

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 3.6 percent.

• Loan Amount: $399,920
• Principal and Interest: $1,818
• Property Taxes: $295
• Total Monthly Payments: $2,113

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_petworth_rowhouse_price_dropper/6807.