Renovation in Brookland, Parking+ Basement, $645K
It’s all about Brookland this week at the Cribline! Check out 1347 Webster St NE– a beautiful semi-detached renovated three (3) bedroom, three (3) bathroom home boasts with indoor garage, separate basement apartment, and much more!
Originally built in 1939, the residence features tons of original character and 1,176 square feet of livable space; gorgeous hardwood floors, window trim complimenting new stainless steel appliances, granite countertop and granite island in gourmet kitchen, art deco light fixtures, and a whirlpool jet tub. The finished lower level has a nice large recreation room/family room with a walkout. Its location in Brookland is pretty walkable, with a solid Walk Score of 69.
According to RedFin this is a hot home that will sell very quickly. Check it out while you can! It’s just on the market for $645,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $645,000 of $129,000, the mortgage amount would be $5,160,000. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $3,000 per month. If you were to rent out the basement for $1,000 per month (next to nothing), that would reduce the gross payment to $2,000 per month. After tax deductions, the net payment would be about $1,600 per month.
Happy House Hunting in Brookland!