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Tuesday's Deal of the Week

  • June 30th 2009

by Mark Wellborn

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Tuesday's Deal of the Week: Figure 1

The “deal” in this week’s Deal of the Week is the property’s location as much as the price. This junior one-bedroom is nestled in between Logan Circle and the U Street Corridor, and at under $250,000 it is a find for someone who puts location above size. The unit is small, with a bed alcove instead of a bedroom. With a cozy living and kitchen space, it is a good condo for a first-time home buyer that needs to live in the thick of DC nightlife, but does not have a lot of money for a down payment. For the full listing, click here.

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

Tuesday's Deal of the Week: Figure 3
Kitchen

1413 T Street NW, Unit 304 (see map here)


  • Price: $249,000
  • Bedrooms: One
  • Bathrooms: One
  • Condo Fees: $214/month
  • Year Built: 1890

Here are some monthly payment calculations based on a 20 percent down payment and a 30-year fixed rate mortgage at 5.25%.

  • Loan Amount: $199,200
  • Principal and Interest: $1,100
  • Taxes and Fees: Approximately $410
  • Est. Insurance: $50
  • Total Monthly Payments: $1,560

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_week15/1082.

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