Deal of the Week: The Garden Level in Kalorama

• April 11th 2011

by UrbanTurf Staff

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Lower level units are not usually at the top of most buyer’s list during the housing search, but these listings can be good options for those that want to live in prime neighborhoods, and can’t pay the going rate for most of what is on the market. This Deal of the Week falls into that category.

The two-bedroom, two-bathroom condo sits in century-old row house off Connecticut Avenue on Kalorama Road. The living room has a fireplace, bay windows and hardwood floors, there is a separate dining area, and the master bedroom has a number of large windows and French doors that lead to a balcony. There is also a small courtyard patio off the front of the unit.

The owner relocated to Philadelphia and wants the unit to sell quickly, so it is priced competitively compared to other two-bedroom units in the neighborhood. (The median list price for condos in Kalorama is currently $570,000.) Having been on the market for just three days, the unit is already arousing interest, as it has been seen by 30 groups.

More details and photos below.

• Full Listing: 2023 Kalorama Road NW, #1 (map)
• Price: $440,000
• Bedrooms: Two
• Bathrooms: Two
• Square Footage: 900
• Listing Agent: Elysia Brown, Long & Foster

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.9 percent.

• Loan Amount: $352,000
• Principal and Interest: $1,868
• Condo Fees: $300/month
• Property Taxes: $274/month
• Total Monthly Payments: $2,442

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_the_garden_level_in_kalorama/3311.