Deal of the Week: The NoMa Five Year Plan

• November 29th 2010

by Mark Wellborn

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This week’s Deal of the Week is a four-bedroom home in NoMa that will likely realize its investment potential about the same time as the neighborhood where it is located.

The turn-of-the-century Victorian home has ten-foot ceilings, exposed brick as well as the original rich wood details, fireplaces and pocket doors from when it was built in 1905. In addition to fairly large common spaces, the home has a large master suite, an in-law suite with a kitchenette in the basement, and a fenced-in rear patio. Located near the corner of R Street and Eckington Place, the house is about a 12-minute walk from the New York Avenue Metro on the Red Line. Originally listed for $569,000, the price has dropped about $30K, but we think that it could still be bargained down to $520,000. More details and photos below. For the full listing, click here.

• Address: 134 R Street NE (map)
• Price: $539,000
• Bedrooms: Four
• Bathrooms: 3.5
• Square Footage: 2,272

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 4.4 percent.

• Loan Amount: $431,200
• Principal and Interest: $2,159
• Property Taxes: $386/month
• Total Monthly Payments: $2,545

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_week_the_noma_five_year_plan/2713.