American University Park 3 Bdr Oasis, Solar, Gardens and Finished Basement
Check out the Cribline’s House Pick of the Week, an urban oasis located at 4610 49th Street NW, in American University Park, which includes some of the highest elevations in the city.
This high-quality three (3) bedroom, two-and-a-half (2.5) bathroom construction boasts nearly twenty seven hundred (2,700) square feet of livable space and features: soaring ten (10) foot ceilings; over-sized Pella windows; an open floor plan; a gourmet kitchen with stainless steel appliances and granite counter tops; off street parking for multiple cars; solar panels that will reduce energy costs significantly; ample storage space; custom built-ins and finishes; and a private screened porch with skylights and speaker system that leads to a beautifully manicured private garden with outdoor shed.
The home also features a completely finished basement apartment, and its proximity to nearby metros, multiple bus-lines, shopping, and parks has contributed to this receiving a “Hot Home” designation on Redfin. There is an open house this Sunday, May 7, 2017, at 1:00 PM.
Cribline Math Analysis:
With 20 percent down on $1,095,000 of $219,000, the mortgage amount would be $876,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $5,200 per month. If you were to rent out the basement apartment for $1,200 per month, that would reduce the gross payment to $3,000 per month. After tax deductions, the net payment would be about $16,230 per month.
Happy House Hunting in American University Park!