The Cribline’s Most Expensive House Pick of the Week, a thoughtful Victorian home in G-town’s East Village located at 1414 29th St. NW, received a top-to-bottom complete restoration and was just listed on the market as of 30 minutes ago! The furnished in-law suite and its coveted location have major potential for additional rental revenue too. See the details below:
Originally built in 1890, this property features four (4) bedrooms, four (4) baths, truly unique designer kitchen, stately master suite with his and her closets, spa-like bathroom; fully finished in-law suite, and intimate English garden with great space for outdoor entertaining or relaxing. A majestic fireplace and divine architectural features round out the interior. Its coveted G-Town location receives a Walk Score of 94 (Walker’s Paradise status) and offers Monument views.
It’s just on the market as of 30 minutes ago for $2,275,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $2,275,000 of $455,000, the mortgage amount would be $1,820,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $11,000 per month. If you were to rent out the furnished in-law-suite for $2,000 per month, or net a similar amount on HomeSharing applications like AIrbnb, FlipKey, HomeAway, or VBRO-that would reduce the gross payment to $9,000 per month. After tax deductions, the net payment would be about $6,300 per month.
Happy House Hunting in G-town’s East Village!