Cap Hill Beaux Arts Condo Under $300K
Check out the Cribline’s Most Affordable House Pick of the Week, a beaux arts studio apartment on Capitol Hill, located at 101 North Carolina Avenue SE, Unit H; all for well under $300K.
Here is what we like about this: you have the historic charm of a cottage with the convenience of a condo, but outside the footprint of the main building, which was originally built in 1800. You have your own semi-detached home with no upstairs neighbors or noise, plus an unusually large, fenced private patio in a beautiful part of the historic neighborhood. It has been renovated and boasts wood burning fireplace, front and patio entrance, pet friendly, close to Metro, HOB, restaurants, Nats Park. VA and FHA approved. Plus the location lands a solid Walk Score of 87.
It’s just on the market for $285,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $285,000 of $57,000, the mortgage amount would be $228,000. At an estimated 4.5 percent interest rate fixed for 30 years the gross payment would be about $1850 per month. After tax deductions, the net payment would be about $1,600 per month.
Happy House Hunting on Capitol Hill for under $300K!