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1457 Swan Street NW, House Pick of the Week

1457 Swan Street NW, House Pick of the Week

Check out the Cribline House Pick of the Week located at 1457 Swan St NW in Logan Circle. It’s listed for $1,385,000 and is brand new as of a few hours ago.

This renovated row home boasts three (3) bedrooms, two and a half (2.5) bathrooms, nearly 2,000 square feet of livable space and a legal one (1) bedroom rental unit. The upper level has an open floor plan with 2 bedrooms 1.5 bath and 2 fireplaces, gorgeous hardwood on the main level, soaring ten (10) foot ceilings on main level, plus awesome stainless steel appliances in your very own gourmet kitchen; deck off kitchen leads to backyard with parking for one car. The lower unit is a 1 bedroom with fireplace and c/o. There a deep lot with plenty room for a car here as well.

It’s just on the market for $1,385,000. See how much this will cost per month in the Cribline math analysis below:

Cribline Math Analysis:

With 20 percent down on $1,385,000 of $277,000, the mortgage amount would be $1,108,000. At an estimated 4.5 percent interest rate fixed for 30 years the gross payment would be about $6,000 per month.  If you were to rent out the basement for $1,000 per month, that would reduce the gross payment to $5,000 per month.  After tax deductions, the net payment would be about $4,400 per month. 

Happy House Hunting on Swan Street!

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