Restored Row, Columbia Heights, Walkable w/ Historic Charm
Check out the Cribline’s House Pick of the Week, a beautifully maintained and restored federal style row home located at 1004 Monroe St. NW in Columbia Heights.
Originally built in 1912, this three (3) bedroom, two (2) bathroom property boasts nearly eighteen hundred (1,800) square feet of livable space and blends in well with the historical aesthetic of the neighborhood. Many of the original hundred-year-old finishes and hardwood floors have been beautifully restored without sacrificing their historical charm.
The home also features custom colors, finishes, and crown moldings; a living room with built in storage areas; large separate dining room with tin pan ceiling; gourmet eat-in kitchen with granite countertops and custom cabinetry; a spacious and sunny upper level master bedroom with large walk-in closet; a partially finished basement (with the possibility of additional rental income down the line were this to be finished and separated) adds extra living and storage space.
The address boasts a Walk Score of 95, Transit Score of 81, and Bike Score of 87. For full explanation click here, but in short, the address makes getting errands done without a car a breeze. Being just steps to the Columbia Heights Metro station, shops, and dining makes not having a car an asset actually!
It’s just on the market for $869,750. See how much this will cost in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $869,750 of $173,950, the mortgage amount would be $695,800. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $4,200 per month. If you were to finish the basement and eventually rent it out, that could reduce the gross payment significantly, however, as is, after tax deductions, the net payment would be about $2,940 per month.
An excellent price for a restored row house with hardwood floors and a location like this!