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The Cribline House Pick of the Week – March 11, 2012 | Real Estate

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The Cribline House Pick of the Week – March 11, 2012
Real Estate
The Cribline House Pick of the Week – March 11, 2012

Warm greetings Cribline readers:

This was another busy week with crowds of people attending open houses. Daylight savings didn’t seem to dissuade anyone from getting out on the town on this Spring-like sunny day.

I was joined this week by one of my long-time friends from the Pacific Northwest Sue, who stopped in for the weekend on her way home from a business trip on the East Coast.  I introduced her to the wonderful Southern fusion cuisine of Art and Soul on Friday night, my favorite Italian restaurant Pasta Mia on Saturday night, and Sunday, after the tour, we had plenty of leftovers that will end up spilling into meals for this week. Thanks for the company Sue!

On this week’s tour, we spotted homes in the neighborhoods of Capitol Hill, Logan Circle, Penn Quarter, Shaw, and Georgetown.

Touring around, the number of “under contract” signs seemed high, and I don’t think it’s going to take long for this week’s pick to have the same fate.

The pick this week is 1102 East Capitol Street, NE on Lincoln Park (Capitol Hill). It’s a 3 story, 3 bedroom, 2 bath home listed for $999,000.  This was the first open for this property.

This is a stately home has a lot of light, and many of the homes original historic features such as polished hardwood floors throughout, moldings, medallions, beautiful mantels, and pocket doors. It also includes a chef’s kitchen, a library, an atrium, and a beautifully landscaped, serene outdoor garden with a deck and trellis.

 To the Point Analysis:

With 20 percent down of just under $200,000 and a loan amount of just under $800,000 at an estimated 4.0 percent interest rate, the gross monthly payment of $4,200/mo (principle, interest, taxes and insurance). After the estimated tax deductions the net payment would be about $2,950/mo.

There are 3 honorable mentions this week:

3303 Water Street #3B,

One bedroom 1 bath (parking) overlooking the Potomac River in Georgetown listed for $925,000. This is a great building with a rooftop pool with stunning views of the city, monuments, the Kennedy Center, and the river.

215 I Street, NE #111

One bedroom, den, 1.5 bath open loft in Jim Abdo’s Landmark Lofts.  This home has all of the top amenities including an open floor plan, chef’s kitchen with top appliances and granite counter tops for $629,000.

623 8th Street

This is a 3 bedroom 1 full and 2 half bath, 3 story historic row home for $624,900.

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