This week we venture over to Adams Morgan, recently named one of the country’s Top 10 neighborhoods, to check out a beautifully renovated 1-bedroom condo with fireplace. It’s listed at $379,000.
The unit is located in an historic, full service building and features 10-foot ceilings as well as a renovated kitchen with stainless steel appliances and vintage hardwood floors. It’s just steps away to the bustling 18th street corridor where plenty of restaurants and quirky shops await.
Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $89,213.17. Monthly payments with carrying charges would then be around $2,209.01 per month. For a complete picture of the cash to close, or for a run-down of the seller’s side of the deal, plug the numbers into the Web version of Close It™ or download the free iOS app.