This week we’re checking out a cooperative apartment nestled in quiet Glover Park, not far from the National Cathedral and several shops and restaurants. It’s listed for $299,000.
At 930 square feet, this 1BR / 1BA apartment is larger than most. The kitchen has been updated. There’s a large walk-in closet, and the living room and bedroom both have built-in bookcases for additional storage.
Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $68,604.75. Monthly payments will then be around $2,527.29, which also includes the coop fee of $1,139. The coop fee includes property taxes, utilities and parking. For a complete picture of cash-to-close, including the seller’s net proceeds from this home-sale scenario, check out the Close It! Web version or download the free Close It! iOS app.