Buy in DC under 500K- Least Expensive House Pick of the Week!
Having trouble finding properties in DC under 500K? Look no further than our Cribline Least Expensive House Pick of the Week, located at 1257 16th St NE in Trinidad and just listed for $485,000!
The neighborhood, bordered to the north by Mount Olivet Cemetery and Ivy City, to the east by the National Arboretum and Bladensburg Road, to the south by Near Northeast and Florida Avenue, and to the west by Gallaudet University, is a largely residential area with quiet, tree-lined streets and a mix of single-family homes and two-story apartment buildings with a lot of history.
1257 16th St. NE is a (2) bedroom, two-and-a-half (2.5) bathroom row home that was completely renovated in 2014. It features an open floor plan, two (2) master suites, gourmet kitchen with stainless steel appliances, ample storage, and multiple entertaining spaces. Other features include a large island in kitchen, private patio, and deck off rear with space for entertaining.
The property has gated secure parking however, with a respectable Walk Score of 74, you might not need it. The location is moments away from Union Market and the H Street corridor’s streetcar, dining, and night life.
There is an open house this Sunday from 1:00PM-4:00PM. Check the property out for yourself! It’s just on the market for $485,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $485,000 of $97,000, the mortgage amount would be $388,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $2,400 per month. If you were to rent out a bedroom for $400 per month, that would reduce the gross payment to $2,000 per month. After tax deductions, the net payment would be about $1,400 per month.
Happy hunting for houses in DC under 500K!