Check out the Cribline’s Luxury House Pick of the Week, a classic brick masterpiece located at 5116 Lowell Ln. NW, on one of Washington’s most coveted streets in Kent, a suburban NW neighborhood home to some of the most expensive home sales in Washington D.C.
This classic six (6) bedroom, four-and-a-half (4.5) bathroom residence has been beautifully renovated by award-winning Hamilton Snowber Architects and J Allen Smith Design Builder and features: nearly five-thousand (5,000) square feet of livable space, tons of natural light, a gourmet kitchen with top-of-the-line appliances and generous table space, a luxurious master suite with a spa-inspired master bath, home office, spacious dining room which offers sweeping views of the meticulously maintained rear grounds and gardens, and a two-car garage. There is a finished basement with kitchen, bedroom, and bathroom as well. The home has been maintained beautifully.
It’s just on the market for $2,700,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $2,700,000 of $540,000, the mortgage amount would be $2,160,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $17,065 per month. After tax deductions, the net payment would be about $12,000 per month.
Happy Luxury House Hunting in Kent!