Happy New Year!
Check out 2018’s first Cribline House Pick of the Week at 2501M, an ultra new luxury condo, located at 2501 M S. NW #407 in the West End. This neighborhood, adjacent to Georgetown, Foggy Bottom, Dupont Circle, and Downtown, gets its name from being the most western part of the district before Georgetown was annexed.
This featured two (2) bedroom, two (2) bathroom unit boasts over eighteen hundred (1,800) square feet of livable space and features: a thoughtfully designed gourmet kitchen with Thermador and Bosch appliances; refined Italian flooring; floor-to-ceiling windows; charming outdoor balcony; elegantly finished bathrooms with luxurious ceramic and porcelain tiles; top-of-the line custom fixtures.
Onsite parking is available via license for a monthly fee at 2501M, however you might not need it because its location boasts a fantastic Walk Score of 97. What makes this property stand out even further is the world famous Nobu Restaurant on the ground floor of the building.
It’s just on the market for $1,244,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $1,244,000 of $248,800, the mortgage amount would be $995,200. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $6,800 per month. After tax deductions, the net payment would be about $4,760 per month. This number takes into account the Home Owners Association fees that run approximately $757 per month.
Happy House Hunting at 2501M!