Historic 4-Story Townhouse in Columbia Heights
Check out the Cribline D.C.’s House Pick of the Week, a grand 4-story Edwardian-era townhouse located at 3425 Holemead Pl. NW. in Columbia Heights.
Built in 1909 in one of DC’s most historic and thriving neighborhoods, Columbia Heights, where housing prices have steadily increased since the city opened the metro station in 1998, this six (6) bedroom, four (4) bathroom, bricked traditional townhouse is replete with the original woodwork and finishes of a time when the rich were not afraid to live conspicuously in Washington.
The townhouse boasts nearly three-thousand (3,000) square feet’ of livable space, four (4) levels, a unique and gracious stairway, soaring ten (10) foot’ ceilings, eight (8) fireplaces with impressive original mantels, a renovated gourmet kitchen, separate dining room, attic with additional storage space, garage parking for two cars, and a fully separate and livable basement apartment with one (1) bedroom and one (1) bathroom (the remaining four (4) bedrooms and three (3) bathrooms are in the main house). There is also additional street parking out front.
Both units are currently rented and its tenants will need to convey first, but the home was listed on the market on September 17, 2016 for $1,100,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $1,100,000 of $220,000, the mortgage amount would be $880,000. At an estimated 3.75 percent interest rate fixed for 30 years the gross payment would be about $5,100 per month. If you were to rent out the basement apartment for $1,100 per month, that would reduce the gross payment to $4,000 per month. After tax deductions, the net payment would be about $2,800 per month.
They truly do not make homes like this anymore.
Happy Historic House Hunting in the District of Columbia!