Luxury House Pick, Georgetown- East Village
Check out the Cribline’s Luxury House Pick of the Week, located at 3007 P St NW in Georgetown. There is an open house this Sunday, March 11, from 2:00PM-4:00PM. Come see for yourself!
This elegant east village townhouse has been updated with meticulous attention to detail, boasting four (4) bedrooms, four and a half (4.5) bathrooms and over 3,800 square feet with rooms that have original details, great scale and soaring high ceilings. There’s an open kitchen/ family room with skylights overlooking terrace and backyard. Four bedrooms and four and half renovated baths. Lower level separate entrance, second kitchen and au pair suite. Prepaid garage rental next door.
It’s just on the market for $2,350,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $2,350,000 of $470,000, the mortgage amount would be $1,880,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $11,000 per month. If you were to rent out the lower level apartment for $1,000 per month or net a similar amount on Airbnb, HomeAway, or VBRO, that would reduce the gross payment to $10,000 per month (and be extremely easy to do). After tax deductions, the net payment would be about $8,500 per month.
Happy House Hunting in the East Village!