Luxury Pick, Cleveland Park, Winthrop Faulkner Design
Check out the Cribline Luxury House Pick of the Week, located at 3703 Porter St NW in Cleveland Park and designed by renowned architect Winthrop Faulkner in the modernist tradition.
This featured pick boasts five (5) bedrooms, four and a half (4.5) bathrooms and over 4,350 square feet of living space accentuated by exposed spruce beams, Brazilian cherry floors, vaulted ceilings and 18 skylights. Outdoor spaces include front deck and bamboo-lined rear patio. Heated garage and driveway for 2 cars. There is an open house this Friday, June 15, 2018, from 5:30PM-7PM and another one on Sunday from 12PM-3PM. Check it out!
It’s just on the market for $2,095,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $2,095,000 of $419,000, the mortgage amount would be $1,676,000. At an estimated 4.5 percent interest rate fixed for 30 years the gross payment would be about $9,000 per month. If you were to rent out a room for $1,000 per month, that would reduce the gross payment to $8,000 per month. After tax deductions, the net payment would be about $7,500 per month.
Happy House Hunting in Cleveland Park for Winthrop Faulkner designs!