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Cribline Washington Luxury House of the Week – Renovated 4 Bedroom 3.5 Bath in LeDroit Park with Rental Unit

Cribline Washington Luxury House of the Week – Renovated 4 Bedroom 3.5 Bath in LeDroit Park with Rental Unit

Check out this newly renovated 4BR/3.5BA LeDroit Park home w/ LEGAL RENTAL UNIT located at 1850 3RD St NW.

This home features high ceilings, sun-soaked rooms, exposed brick and heart pine floors. There are also 2 working fireplaces, a great floor plan, huge dining room and chef’s kitchen featuring granite & SS appliances.

There’s a large master suite master bath.  Added amenities include a [rivate patio, balcony & backyard w/ secure parking.

It’s just on the market for $1,249,900.  See how much this would cost in the Cribline Math analysis below:

Bright, Open Living Room -
Bright, Open Living Room –
Beautiful original molding abounds -
Beautiful original molding abounds –
Huge Master Bedroom with bay window -
Huge Master Bedroom with bay window –
Large second bedroom -
Large second bedroom –
Granite Counters -
Granite Counters –
Stainless Kenmore Elite Appliances -
Stainless Kenmore Elite Appliances –
Chic Master Bathroom with marble counters -
Chic Master Bathroom with marble counters –
Beautiful Glass Shower -
Beautiful Glass Shower –
Second bathroom with clawfoot tub -
Second bathroom with clawfoot tub –
Bedroom in Lower Level -
Bedroom in Lower Level –
Third Bedroom w/ lots of natural light -
Third Bedroom w/ lots of natural light –
Fully Finished Lower Level -
Fully Finished Lower Level –
Great LeDroit Park Location -
Great LeDroit Park Location –
Perfect private back yard for entertaining -
Perfect private back yard for entertaining –
Gorgeous Victorian Townhouse with Legal Rental Uni -
Gorgeous Victorian Townhouse with Legal Rental Uni –

Cribline Math analysis:

With 20 percent down on $1,249.900 of about $250,000, the mortgage would be about $1,000,000. At an estimated 3.5 percent interest rate fixed for 30 years, the gross payment would be about $5,535 per month.  With income from the rental unit estimated at $2,000 per month, the gross payment would be reduced to $3,535 per month.  After tax deductions, the net payment would be about $2,475 per month.

Happy luxury house hunting!

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