Cribline Luxury Pick, Remodeled 5 Bdr Rowhouse, Swann St.
Check out the Cribline’s Luxury House Pick of the week, a charming remodeled rowhouse located at 1530 Swann St. NW, just steps from Washington’s hot 14th Street and Logan Circle corridor.
Originally built in 1885, this five (5) bedroom, three-and-a-half (3.5) bathroom rowhouse, remodeled by NY designer, features over two thousand (2,000) square feet of livable space, spa-inspired bathrooms, high end fixtures, exposed brick surfaces, secure rear parking for two (2) cars, a breathtaking three (3) level roof deck designed by a Brazilian architect, custom built-ins, several amenities for entertaining including gas fireplace, wet bar, gourmet kitchen with top-of-the-line appliances, and much more.
The rowhouse also boasts sweeping views of the Masonic temple and has a separate one (1) bedroom, one (1) bathroom lower level basement apartment that provides the potential for additional revenue streams, either through long-term leases or Airbnb.
Cribline Math Analysis:
With 20 percent down on $2,195,000 of $439,000, the mortgage amount would be $1,756,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $10,300 per month. If you were to rent out the basement apartment to a tenant for $1,300 per month, that would reduce the gross payment to $9,000 per month. After tax deductions, the net payment would be about $6,300 per month.
Happy rowhouse hunting in Logan!
-The Cribline Team