Cribline Sneak Peek – Introducing 525 Water Street, SW Waterfront Oasis
Nothing serves as a better representation of Washington D.C.’s renaissance than the revitalization of the SW Waterfront, with one of its strongest symbols, the new development of condos at 525 Water Street, featured in The Cribline’s latest Sneak Peek.
525 Water is designed to capture the tranquil green spaces surrounding it, and it provides residents with several unique floor plan options and access to the newly developed Waterfront Park right outside your door.
Sitting on a 3.5 acre lot nestled between the Waterfront and the National Mall, the location provides the modern district dweller with the ideal mix of connectivity and convenience. This area has hot restaurants and shops popping up monthly, and is only a few blocks away from the Metro – both the Waterfront and L’Enfant Plaza metro stops are near by providing short and convenient access to downtown.
This property is also adjacent to THE WHARF, a lively, world-class luxury development featuring sweeping views of the Potomac River basin with the first phase delivering in 2017. This development is changing the face of Washington in a major way.
Sales are currently underway and residents will begin to move into spacious 1, 2, and 2.5 bedroom condos this summer, making them among the first to enjoy all that SW has to offer. Check out the Cribline price analysis below and stay tuned to the Cribline for interesting updates and developments on one of our favorite new properties!
Cribline Math Analysis of 2 Bedroom Condo + Den:
With 20 percent down on $969,900, the starting price for a 2 Bedroom Condo + Den, of $193,800 the mortgage amount would be $775,200. At an estimated 3.75 percent interest rate fixed for 30 years the gross payment would be about $4,400 per month. After tax deductions, the net payment would be about $3,080 per month. There will also be a condo fee.
Cribline Math Analysis of 1 Bedroom Condo (Starting at $364,900):
With 20 percent down on $364,900 of $72,980, the mortgage would be $291,920. At an estimated 3.75 percent interest rate fixed for 30 years, the gross payment would be $1,656 per month. After tax deductions, the net payment would be about $1,160 per month. There will also be a condo fee.
Sales are currently underway. Delivery this summer.
Contact 202.836.6996 for more information.