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Truxton Circle, Stately Exposed Brick Renovation

Truxton Circle, Stately Exposed Brick Renovation

Check out this stately exposed brick restoration, bursting with historic charm, located at 131 P St. NW in the District’s hot, hot, hot Truxton Circle/Shaw area. 

Originally built in 1906, this amazing three (3) level, four (4) bedroom, three-and-a-half (3.5) bathroom townhouse boasts over twenty three hundred (2,300+) square feet of livable space and features top-of-the-line appliances; custom fixtures, hardware, and other modern amenities; tasteful exposed brick walls; reclaimed wood -from a barn in Wisconsin and wood from another historic Truxton Circle/Shaw home; tons of natural light throughout; in-unit washer and dryer; and a finished basement. 

Given its prime location, daily errands will never require a car, and actually, walking is the preferred mode of transportation. The address has a designated Walk Score of 91, making it a “Walker’s Paradise”, is very bike-able, and has excellent access to major transportation centers. A Cribline Investment House Pick of the Week for sure!

It’s just on the market for $1,179,600. See how much this will cost per month in the Cribline math analysis below:

Truxton Circle Cribline DC10017071_1_0 DC10017071_2_0 DC10017071_4_0 DC10017071_6_0 DC10017071_8_0 DC10017071_11_0 DC10017071_12_0 DC10017071_19_1 DC10017071_21_1 DC10017071_24_1 DC10017071_27_1 DC10017071_28_1

Cribline Math Analysis:

With 20 percent down on $1,179,600 of $235,920, the mortgage amount would be $943,680. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $5,575 per month. If you were to rent out the basement for $1,000 per month, that would reduce the gross payment to $4,575 per month. After tax deductions, the net payment would be about $3,250 per month. 

Happy House Hunting in Truxton Circle! Things in DC have been moving east for awhile now. You should too!

-The Cribline

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