1854 Kalorama Rd NW, Luxury House Pick
Check out the Cribline Luxury House Pick of the Week, located at 1854 Kalorama Rd NW in one of the hottest neighborhoods in town.
This stately home fits in with its stately neighborhood and boasts six (6) bedrooms, four and a half (4.5) bathrooms, and nearly 4,000 square feet of livable space. Other features include an unbelievable amount of character preserved-patterned wood floors, historic fireplaces, plaster moldings, brass knobs, decorative glass skylights, and oak millwork throughout. Additions include a formal dining room, 3-room deep living room, expansive deck, and much more. Made for large scale entertaining! Separate lower level apartment with two (2) bedrooms and two (2) car garage. The area has been zoned for five (5) units so this could really work out well for a savvy real estate investor.
It’s just on the market for $2,500,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $2,500,000 of $500,000, the mortgage amount would be $2,000,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $10,000 per month. After tax deductions, the net payment would be about $8,500 per month.
Happy House Hunting!