Deal of the Week: Sought After in 20002

• February 7th 2012

by UrbanTurf Staff

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In February 2011, UrbanTurf analyzed the housing market in the 20002 zip code, and found that sales of three-bedroom homes were up 32 percent from the previous year. This statistic, combined with a supply of three-bedroom listings just south of 3.5 month’s, led our housing market guru Keith Gibbons to conclude that “anyone thinking of buying in 20002 should move quickly when they find the right home.”

A year later, not much has changed. At the moment, there are only 14 active listings on the market between $400,000 and $700,000 in the zip code that includes much of Capitol Hill, the H Street Corridor and Hill East. The low inventory and a price per square foot of about $380 were big factors in our pick for this installment of Deal of the Week.

The 1,570 square-foot three-bedroom south of H Street has a large living space, and stand-out features including a finished lower level with a large storage area and a back deck/patio area. Fifty people came to the Saturday open house and the Super Bowl Sunday traffic almost equaled that number. The listing already has two registered offers, so chances are it will be off the market by the end of the week.

More details and photos below.

• Address: 1376 F Street NE (map)
• Price: $598,750
• Bedrooms: Three
• Bathrooms: Two
• Square Footage: 1,570
• Price Per Square Foot: $381

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4 percent.

• Loan Amount: $479,000
• Principal and Interest: $2,287
• Property Taxes: $375/month
• Total Monthly Payments: $2,662

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_sought_after_in_20002/5076.