Rare East Village Georgetown 7 Bdr, $5.6M! - The Cribline

Rare East Village Georgetown 7 Bdr, $5.6M!

This rare East Village Georgetown 7 bdr home located at 1513 31st St. NW has just been listed for $5.6M. While we already had a Cribline Luxury House Pick of the Week yesterday, this property is too good to wait until next week.

The residence boasts nearly 5,500 square feet of livable space, five and a half bathrooms, and offers historic architecture, high ceilings, five (5) fireplaces, a beautifully renovated kitchen and luxurious bathrooms. The spacious master suite has a fireplace, office, and two (2) walk-in closets. There is an in-law suite, two-car parking, and a rear garden with heated pool. Its coveted East Village location boasts a Walk Score of 96. 

People in Washington are often surprised the learn that the terms East Village and West Village are not just NYC phenomena. These names are often used to distinguish the parts of Georgetown on either side of Wisconsin Ave.

It’s just on the market for $5,600,000. See how much this will cost per month in the Cribline math analysis below:

Cribline Math Analysis:

With 20 percent down on $5,600,000 of $1,120,000, the mortgage amount would be $4,480,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $29,000 per month. If you were to rent out the basement for $2,000 per month, that would reduce the gross payment to $27,000 per month.  After tax deductions, the net payment would be about $23,750 per month. 

Happy House Hunting!

The Cribline

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