Urban AdMo Oasis, House of Week, $699K
Check out this swanky urban AdMo oasis with ample living space in a boutique and contemporary mid-rise condo building located at 2301 Champlain St. NW #102.
This two (2) bedroom, two (2) bathroom condo boasts nearly one thousand (1,000) square feet of livable space and features: a private balcony, spacious en-suite bathrooms; huge walk-in-closet; gourmet kitchen with stainless steel appliances and gas stove; in-unit washer/dryer; and a secure underground garage parking space is included in the price, although with a Walk Score of 97, you might not even need it!
Its unparalleled location is steps from the new Line Hotel, Michelin-rated Tail Up Goat, Perry’s, Mintwood Place, the Federalist Pig and many other Adams Morgan attractions. This neighborhood is so awesome.
It’s just on the market for $699,000. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $699,000 of $139,800, the mortgage amount would be $559,200. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $3,800 per month. If you were to rent out a bedroom for $1,000 per month, that would reduce the gross payment to $2,800 per month. After tax deductions, the net payment would be about $16,230 per month. Home Owners Association fees run approximately $1,960 per month. Not bad for a swanky urban AdMo oasis.