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Deal of the Weekend: The $215,000 Coop

  • October 8th 2010

by Mark Wellborn

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Deal of the Weekend: The $215,000 Coop: Figure 1

In a special Deal of the Weekend, we highlight a one-bedroom coop on the edge of Mount Pleasant and Adams Morgan that just came on the market for the paltry sum of $215,000. The unit has a renovated kitchen with a large island, big closets and high ceilings. It is admittedly not large, but not studio small either. Don’t be turned off by the monthly fees as they include taxes as well as all utilities. If the eventual buyer could get the coop board to allow a renter, he/she could conceivably cover the mortgage payment and then some. More details and photos below. For the full listing, click here.

  • Address: 1669 Columbia Road NW, #415 (map)
  • Price: $215,000
  • Bedrooms: One
  • Bathrooms: One

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: $172,000
  • Principal and Interest: $861
  • Coop Fees: $365/month (Includes property taxes)
  • Total Monthly Payments: $1,226

Deal of the Weekend: The $215,000 Coop: Figure 2

Deal of the Weekend: The $215,000 Coop: Figure 3

See other articles related to: co-ops, dclofts, deal of the week

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/deal_of_the_weekend_the_215000_coop/2558.

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