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Last Home in BRAND NEW Construction < $2.5M

Last Home in BRAND NEW Construction < $2.5M

Check out another great Cribline Luxury House Pick of the Week, the last home available in this NEW CONSTRUCTION, a boutique collection of six designer elevator town homes on Capitol Hill located at 422 3rd St NE just listed for slightly under $2.5M!

These custom-designed homes are well-appointed with soaring ten foot ceilings, wide-plank hardwood flooring, custom paneling and built-ins, and gourmet chef-inspired kitchens featuring SubZero/Wolf/Bosch appliances. Each home features personal elevators, private garage parking and private terraces. Oh and there’s a wine fridge! Call for McWilliams/Ballard inc for a private tour.

It’s just on the market for $2,499,900. See how much this will cost per month in the Cribline math analysis below:

Cribline Math Analysis:

With 20 percent down on $2,499,000 of $499,980, the mortgage amount would be $1,999,920.  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 a room for $1,000 per month, that would reduce the gross payment to $10,000 per month.  After tax deductions, the net payment would be about $8,500 per month. Home Owners Association fees run around $250 per month and this amount has been included in the breakdown. 

Happy House Hunting!

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