Luxury House Pick, West End, 2501 Penn, $2.25M
The Cribline’s Luxury House Pick of the Week, a gorgeous corner unit located at 2501 Pennsylvania Avenue NW, Unit 2A, in a boutique condo called 2501 Penn in the heart of the West End, has everything we look for in a Luxury House Pick for a cool $2.25M.
It features two (bedrooms), two-and-a-half bathrooms, and over twenty seven hundred (2,700) square feet of livable space and boasts: a spacious open floor plan throughout; gourmet kitchen with top-of-the-line appliances, wine fridge, and sleek finish- also connected to the family space; a master bedroom suite with Poliform closets; spa-like master bathroom with jacuzzi tub and double vanities; triple pane windows; soaring ten (10) foot ceilings; gas fireplace; awesome laundry room; and secure assigned garage parking for two (2) cars with extra storage space as well.
The building, 2501 Penn, a former office building, was converted to condos in 2008 and is now home to 16 exclusive residences ranging in size from 2,200 square feet up to 4,500 square foot penthouses with private roof terraces. It has twenty four (24) hour front desk security and other luxury amenities. Its West End location provides easy access to to major transportation and commercial centers like Dupont Circle, Foggy Bottom, and Georgetown, plus the address has a Walk Score of 98.
There is an open house this Sunday, January 14th, 2018, from 1:00PM-3:00PM. You will have to check it out for yourself. This unit has just been listed for $2,250,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $2,250,000 of $450,000, the mortgage amount would be $1,800,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $13,750 per month. After tax deductions, the net payment would be about $10,000 per month. Home Owners Association fees run approximately $2,690 per month. Sounds about right for a Luxury House Pick of the Week!
Happy House Hunting at 2501 Penn! Check out another Luxury House Pick right down the street!