RSS FeedCribs XXII: Patio For Twenty Please
Spring is coming on fast as the cherry blossoms are now out in abundance. With that in mind, being outdoors on building top roof decks or outdoor patios becomes a seasonal reality once more. We enjoy a nice glass of wine and a post-libation semi-annual cigar on our limited but nice outdoor space around this time of year.
With that in mind, we’re pointing out a condo that’s not way large or way overfinished or way overpriced for that matter. It does have one very cool feature and that is its nice, large, urban patio 475 square feet large. We say urban because it is indeed in the core Penn Quarter and has a streetscape level view from the third floor. You can find this 1 bedroom, 1 bath condo at 631 D Street NW – unit number 331. A south facing deck and unit mean lots of high arcing summer sun midday and when the sun disappears mid-afternoon, the cool nights start sooner. We also like that the appliances have been upgraded from the stock units and hardwood floors grace the space. Parking is not included but can be rented in-house or nearby.
The MLS number is DC7800649, the list price is $439,999, the publicly listed area size is 810 square feet, and the condo fee is $568.58 per month. For today’s financial analysis, the math is not as simple as dividing the price by the square footage as we have to assign a value to the patio and deduct it from the price. We’ll go with assigning $25,000 for the patio meaning the spacing price come in at $414,999 or $512 per square foot. Unweighted for the patio, the condo fee comes in at 70.2 cents per square foot. Giving the patio a proportional 5.7% weight, the condo fee comes down to 66.2 cents per square foot which as at the mid-upper end of the normal range for downtown.
There is an open house both today and tomorrow from Noon to 5 pm. You can stop in and say, “Patio for twenty please!” The answer should be, “Right this way.”
631 D St, NW – Unit 331 – Redfin Listing
631 D St, NW – Unit 331 – Photos
(Our Cribs post series explores homes for sale or rent in the downtown DC area. None of these posts are paid placements.)
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