Most Affordable Pick, AdMo Micro Unit, <$200K
Check out the Cribline’s Most Affordable House Pick of the Week- and maybe the most affordable pick in DC currently- an Inclusionary zoning studio (we are calling it a Micro Unit) in the heart of Adams Morgan located at 2550 17th St NW #206.
This studio features an open floor plan, customized murphy bed sofa system, energy efficient appliances, granite and siltstone countertops, high ceilings, elfa closet system and large private balcony. The community features a secure residential entrance, modern lobby with large flat screen TVs, gas fireplace, and bike storage.
Ontario 17 is a new development located in Adams Morgan at the corner of Columbia Road and 17th Street. The iconic Ontario Theatre was at this location for 65 years and now will be transformed into this mix use development feature ground floor retail and and 5 stories of residential condos. Each of the 80 units will feature private outdoor balconies and floor plans will include studio, one bedroom and two bedroom configurations. The nearest Metro Station to Ontario 17 is Columbia Heights.
This Admo micro unit is a must-see, offering a Walk Score of 97 and monument views. It’s just on the market for $199,900. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $199,900 of $39,980, the mortgage amount would be $159,920. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $1,291 per month. After tax deductions, the net payment would be about $1,100 per month. Home Owners Association fees run approximately $198 per month and have been included in this breakdown.
Happy House Hunting for an Admo micro unit like this one!