Price Improvement – 1707 Allison St NW
Check out the Cribline Price Improvement of the Week, located at 1707 Allison St NW in Crestwood!
This bright and beautiful custom colonial features four (4) bedrooms, three and a half (3.5) bathrooms, and nearly 2,500 square feet of livable space and also boasts grand moldings, soaring eight (8) foot ceilings, solid oak floors, living room with original fireplace, sunroom, formal dining room, gourmet kitchen with granite counters and tasteful custom finishes, stainless steel appliances and great breakfast bar, cozy office, and powder room. The second level has a spacious master suite with sitting area and a door to your very own roof deck. There are two (2) additional bedrooms that share a hall bathroom. On the third level there is a 4th bedroom with retro skylight and sitting area. The lower level reatures a recreation room, office or bonus bedroom, full bath, laundry room and storage. Dog run too!
Crestwood is an entirely residential neighborhood located in Northwest Washington, D.C. and bordered on three sides by Rock Creek Park. Heading north from the White House on 16th Street, Crestwood is among the first neighborhoods that features single-family homes and lawns.
It’s just on the market for $1,249,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $1,249,000 of $249,800, the mortgage amount would be $999,200. At an estimated 4.5 percent interest rate fixed for 30 years the gross payment would be about $5,500 per month. If you were to rent out the basement for $1,000 per month, that would reduce the gross payment to $4,500 per month. After tax deductions, the net payment would be about $4,300 per month.
Happy House Hunting for a Price Improvement like this!