Dear Cribline readers:
Due to the DC housing market being so hot this Spring and with no signs of it slowing down, and the feedback I have received from many of you about how helpful it would be to get a jump on listings, The Cribline today has announced a new feature: The Cribline Sneak Peek of the Week.
The idea is that before an open house—they usually are held on Saturday and Sunday every week—we will feature a home as soon as it’s listed to give our readers a jump on the market. We hope this will be helpful to you in our search for a home.
For this week’s “Sneak Peek,” we are revealing a gorgeous home that was just renovated by Brookland Homes that is located just 3 blocks from Barracks Row on Capitol Hill. 538 11th St SE. It’s a 3 bedroom, 2.5 bath and almost 2,000 square feet listed at $799,900.
It is literally between Eastern Market and Potomac Ave metro stations and right off Pennsylvania Ave. and 295, which makes it convenient for traveling. One of the highlights of the home is a brand new front porch and a rarely seen wrap-around deck that would be perfect for entertaining.
And, check out the kitchen. It has it all!
This house is beautiful!
It’s open both Saturday and Sunday from 1 to 4pm.
Check out the video:
To the Point Analysis:
With 20 percent down of about $160,000, the mortgage would be about $640,000. At rock bottom interest rates (they just dropped again yesterday to historic levels) of about 4 percent, we estimate a gross monthly payment to be around $3,700/mo. including taxes and insurance. After the tax deductions of the interest on the mortgage and property taxes, we estimate a final net payment to be around $2,600/mo.