Beautiful Renovation, Col Heights, Walk Score 97
Originally built in 1909, this top-of-the-line renovation by Dilan Investments located at 1520 Monroe St. NW in Col Heights is our Cribline House Pick of the Week.
This four (4) bedroom, three-and-a-half (3.5) bathroom row house boasts nearly twenty eight hundred (2,800) square feet of livable space and features: a brand new roof, electric system, and HVAC units; Honeywell Sky door-bell; large living room with coffered ceilings; gourmet kitchen with top-of-the-line stainless steel appliances including GE Cafe Series and Calacatta countertops; seven-and-a-half inch (7.5″) white oak hardwood floors on both upper levels; two (2) decks; spa-like bathrooms with double vanities; skylights; and a fully-finished lower level with wet bar, one (1) bedroom, and one (1) full bathroom. Its Col Heights address received a Walk Score of 97, designating it as a “walker’s paradise”(see explanation for Walk Score here).
There is an open house this Sunday, July 17, 2017 at 1:00PM where you can check the home out for yourself! It’s just on the market for $1,099,900. See how much this will cost per month in the Cribline math analysis below:
Cribline Math Analysis:
With 20 percent down on $1,099,900 of $219,980, the mortgage amount would be $879,920. At an estimated 4 percent interest rate fixed for 30 years the gross payment would be about $5,200 per month. If you were to rent out the basement apartment for $1,000 per month or net a similar amount in short-term rental income via Airbnb or HomeAway, that would reduce the gross payment to $4,200 per month. After tax deductions, the net payment would be about $2,940 per month.
Happy House Hunting in Col Heights!