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Hot New Construction Near Eastern Market, $1.37M

Hot New Construction Near Eastern Market, $1.37M

Check out The Cribline’s House Pick of the Week, an elegant new construction near Eastern Market located next to the historic Buchanan School at 400 13th St. SE on Cap Hill. 

Offering world-class finishes, community focused design, and the historic all-brick-federal style exterior of old Capitol Hill, this new construction boasts three (3) bedrooms, four (4) bathrooms, and nearly two thousand (2,000) square feet of livable space. Its many features include: an end-unit location, private roof deck, secure garage; gourmet kitchen with top-of-the-line Bosch appliances; oak sand-in-place floors; custom crown molding; and marble spa-like bathrooms with Waterworks fixtures.

Its location on Capitol Hill near Eastern Market garners a respectably solid Walk Score of 88! Here at the Cribline, you may have noticed that we love to feature properties on the Hill because of their appreciating property values and proximity to major transportation, congressional, and commercial centers. The beautiful scenery and residential charm of this famous neighborhood don’t make listings here any less enticing either. Check this one out for yourself before it goes!

It’s just on the market for $1,370,000. See how much this will cost per month in the Cribline math analysis below:

New construction near eastern market genMid.DC10102712_1_0 genMid.DC10102712_5_0 genMid.DC10102712_9_0 genMid.DC10102712_12_0 genMid.DC10102712_20_0 genMid.DC10102712_21_0

Cribline Math Analysis:

With 20 percent down on $1,370,000 of $274,000, the mortgage amount would be $1,096,000.  At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $6,500 per month.  After tax deductions, the net payment would be about $5,000 per month. Home Owners Association fees run about $180 per month. 

Happy hunting for a new construction near Eastern Market like this!

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