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Tuesday's Deal of the Week

  • May 19th 2009

by Mark Wellborn

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Tuesday's Deal of the Week: Figure 1

This week’s Deal of the Week is a one-bedroom, one-bath co-op at 1657 31st Street NW (see map here) in Georgetown. The bright second floor unit is in need of some updating, but it has a spacious living room with a gas fireplace and a large bedroom that just needs some small renovations. The unit is just around the corner from Dumbarton Oaks, and there is a private garden attached to the co-op development. The monthly fees include most utilities and property taxes. The unit was originally listed for $360,000, had its price reduced to $324,000 and we think that an offer of $310,000 would be accepted.


  • Price: $324,000
  • Beds: One
  • Baths: One
  • Co-op Fees: $470/month
  • For the full listing, click here.

Here are some monthly payment calculations based on a 15 percent down payment and a 30-year fixed rate mortgage at 4.82%.

  • Loan Amount: $275,400
  • Principal and Interest: $1,448
  • Taxes and Fees: $470
  • Est. Mortgage Insurance: $70
  • Total Monthly Payments: $1,988

Tuesday's Deal of the Week: Figure 2
Living Room

Tuesday's Deal of the Week: Figure 3
Kitchen

Tuesday's Deal of the Week: Figure 4
Community Garden

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

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/tuesdays_deal_of_the_week10/923.

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