Greetings Cribline readers on this Spring, I mean 67 degree Fall day!
We made some good twists and turns this week as we toured homes in Logan Circle, Shaw, Foggy Bottom, Capitol Hill, Mt. Pleasant, and West End.
And, for the pick of the week, we chose 3324 18th Street, NW #2 in the restored Schafer Mansion listed for $549,900. This is a one of a kind 2 bedroom 2 bath home on 2 levels. What once was the Parlor is now a stunning condo with all amenities including a private porch. This home features original wood panels and a lot of light.
I blogged about The Schafer back in September, and told the story that this home emulated my grandparent’s home in Spokane Washington. The Spokane home was apparently replicated in Washington, DC., and after 19 years of living in DC, this is the closest I have come to finding the replica. It has many of the same features.
The Schafer before renovation
This is the E.J. Cannon home in Spokane that is similar to the Schafer. It’s one of the majestic mansions found on E. Rockwood Blvd. E.J. Cannon was a prominent attorney in Spokane and the home was built in 1906 (Picture from 1944)
To the Point Analysis:
With 20 percent down of about $110,000, the amount mortgaged would be about $440,000. At an estimated 3.5 percent interest rate for a 30-year fixed loan, the estimated monthly gross payment would be about $2,434/mo. After tax deductions, the estimated net payment would be about $1,700/mo. This doesn’t include the condo fee.
Check out more pictures of The Cannon Home in Spokane. (It’s 6 bedrooms and 4 baths, which has an estimated value of $839,000 to give you a comparison, and is being rented for about $2,900/mo today).
Happy house hunting!