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2 Unit Columbia Heights Row Home, $929K!

2 Unit Columbia Heights Row Home, $929K!

Originally built in 1909, this two (2) unit Columbia Heights Row House located at 739 Fairmont St NW was just listed by Redfin in the past few hours for $929,000.

It boasts four (4) bedrooms, three and a half (3.5) bathrooms, and nearly 3,000 square feet of livable space. its many other features include secure parking, elegant details including crown molding, exposed brick, french doors, hardwood floors. Traditional living room has a brick fireplace framed by columns, mantel and built-in bookcases. Gourmet kitchen boasts granite, stainless steel appliances and breakfast bar that flows into family room. Spacious master suite has sitting area and bath. Lower level unit with another bedroom, bathroom, and access to rear deck.

It’s just on the market for $929,000. See how much this will cost per month in the Cribline math analysis below:

Cribline Math Analysis:

With 20 percent down on $929,000 of $185,800, the mortgage amount would be $743,200. At an estimated 4.5 percent interest rate fixed for 30 years the gross payment would be about $4,200 per month.  If you were to rent out the basement for $1,000 per month, that would reduce the gross payment to $3,200 per month. After tax deductions, the net payment would be about $3,000 per month. 

Happy House Hunting!

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