Truxton Circle Studio, Most Affordable House Pick
Check out the Cribline Most Affordable House Pick of the Week, a Truxton Circle Studio located at 57 N St NW #524.
For those unfamiliar with Truxton Circle-it went basically nameless for several years-but it is a neighborhood in NW bordered by New Jersey Avenue to the west, Florida Avenue to the north, New York Avenue to the south, and North Capitol Street to the east. It was named for a traffic circle that was demolished in 1947, the neighborhood is reclaiming its identity for sure though with awesome new constructions and real estate deals like this east-facing 5th floor studio!
The unit’s many features include tons of natural of light, soaring nine (9) foot floor-to-ceiling windows and an in unit washer/dryer. It has a well designed open studio layout. It has a pretty solid Walk Score of 91 too. There is an Open House this Saturday, June 30, 2018 from 12pm-3pm and another on Sunday, June 31, 2018 from 12PM-3PM. This open house is for Model Home #106 only.
It’s just on the market for $367,900. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $367,900 of $73,580, the mortgage amount would be $294,320. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $2,000 per month. After tax deductions, the net payment would be about $1,800 per month. Home Owners Association fees run about $232 per month.
Happy House Hunting for a Truxton Circle Studio like this!