Description

Stunning One-Bedroom Condo in the Heart of Capitol Hill - 1391 Pennsylvania Ave. SE, Unit 460

Welcome to Unit 460 at 1391 Pennsylvania Avenue SE, a beautifully appointed one-bedroom, one-bathroom condo offering a perfect blend of modern convenience and historic charm. This thoughtfully designed home is located in one of Capitol Hill's most desirable neighborhoods, providing an exceptional opportunity for those looking for urban living at its finest.

Key Features:

Open and Airy Living Space: The spacious floor plan features abundant natural light pouring in through large windows, complemented by gleaming hardwood floors that flow throughout the unit. This inviting space offers the perfect place to relax or entertain.

Gourmet Kitchen: The sleek and modern kitchen is equipped with stainless steel appliances, granite countertops, and plenty of storage space, ideal for cooking and preparing your favorite meals.

Spacious Bedroom: The generous bedroom offers a peaceful retreat, complete with a large closet and easy access to the updated bathroom featuring modern fixtures and a full bathtub.

In-Unit Laundry: Enjoy the added convenience of an in-unit washer and dryer, making laundry day a breeze.

Special Incentive:

To make this opportunity even more enticing, the seller is offering an $8,500 closing credit for a full-priced offer received by March 28, 2025. This credit can be used towards a 2-1 Interest Rate Buydown, which would significantly reduce your monthly mortgage payments during the first two years of homeownership.

Here's how the 2-1 Buydown works:

Year 1: The interest rate is reduced by 2% from the original rate.
Year 2: The interest rate is reduced by 1% from the original rate.
Year 3 and beyond: The interest rate returns to the original rate.
For example, if your mortgage rate is 6.5%, using the seller’s $8,500 credit to buy down the rate could lower your interest rate to 4.5% in Year 1 and 5.5% in Year 2, before returning to 6.5% in Year 3.

Estimated Impact on Monthly Payment:

Assuming a purchase price of $387,500 with 95% financing (loan amount of $368,125), here’s how the payments could be impacted:

Original Rate (6.5%): Your estimated monthly payment (principal and interest) would be around $2,321.
Year 1 with Buydown (4.5%): Your estimated monthly payment would drop to $1,868—a savings of $453 per month.
Year 2 with Buydown (5.5%): Your estimated monthly payment would be $2,091—a savings of $230 per month.
This is an incredible opportunity to reduce your upfront monthly costs and enjoy more affordable payments in the first two years of your new homeownership!

Prime Capitol Hill Location:

Living at 1391 Pennsylvania Avenue SE places you right in the heart of one of D.C.'s most historic and vibrant neighborhoods. From the stunning architecture to the vibrant community, you'll love the convenience of being close to:

Dining & Entertainment: You’re just steps away from The Roost Dining Hall, a cozy neighborhood favorite offering a variety of food and drink options. Whether you’re craving an artisanal sandwich, a fresh salad, or a flavorful drink, The Roost has something for everyone. Indulge in their selection of craft beers, signature cocktails, and delicious menu items such as the Roost Burger or the chicken and waffles. The laid-back atmosphere and friendly staff make it the perfect spot for brunch, dinner, or a casual night out.

Historic Parks: Lincoln Park is just a short walk away, offering a peaceful green space for relaxing, picnicking, or strolling.

Metro Accessibility: With easy access to the Potomac Avenue Metro station, you’re just minutes away from the heart of downtown D.C. via the Orange, Blue, and Silver lines.

Cultural Attractions: Explore the U.S. Capitol, Library of Congress, and more, all just minutes from your front door.

Don't miss out and come see this amazing unit today!