Affordable Condo, Columbia Heights, Under 400K!

Very Affordable Condo, Columbia Heights, Under 400K!

Affordable Condo

Check out this very affordable condo located at 732 Lamont St. NW Unit #201 in a cozy boutique building in Columbia Heights.

A recent construction, this large and airy one (1) bedroom, one-and-a-half (1.5) bathroom, window-lined unit boasts nearly seven hundred (700) square feet of livable space and features: beautiful hardwood floors; recessed lighting; tons of storage space; an in-unit washer/dryer; gourmet kitchen with stone countertops; stainless steel, top-of-the-line appliances, and even more storage space.

Its proximity to Yoga District, Safeway, two (2) great Metro stops (Columbia Heights and Georgia Avenue/Petworth) and other popular dining, drinking, and shopping destinations, makes this the Cribline’s Most Affordable House Pick of the Week. And with a Walk Score of 95, who even needs the parking that’s also included with this listing? 

It’s just on the market for $389,900. See how much this very affordable condo will cost per month in the Cribline math analysis below:

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Cribline Math Analysis:

With 20 percent down on $389,900 of $77,980, the mortgage amount would be $311,920. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $1,900 per month. Home Owner Association fees run about $258 per month, for a total gross payment of $2,158.  After tax deductions, the net payment would be about $1,515 per month. 

Happy affordable condo hunting in the District of Columbia!

The Cribline

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