Close It!™ House of the Week: Updated unit in a classic building

By April 23, 2015 Uncategorized
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This week’s pick is a centrally located 1-bedroom cooperative apartment close to Dupont Circle and U Street. It’s listed at $269,000.

This unit faces a quiet courtyard and can be accessed from 16th and R streets. It has new hardwood floors and windows and is move-in ready, though the kitchen could use an update. The HOA fee here is a bit high, but it includes Internet and cable as well as property taxes and all utilities except for electric.

Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $62,110.25. Monthly payments will then be around $2007.97 per month, including the $869 HOA fee. 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.

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