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Real Estate

ULC Buyer Workshops: Own H Street For Under $1,400/Mo. – 1BR + Den


Under 4% interest rates for 30 year mortgages makes it the time to go out and make a smart condo purchase in a surging area. There’s lots of growth in a ton of neighborhoods all over NE, NW, SE and NW.  This H Street Corridor 1BR + Den condo gives you lots of upside on the East side of the Corridor. You’re right on top of H Street attractions and the new DCTrolley. The unit is located at Riverwalk at 500 25th Pl, NE, Unit #102.

500 25TH PL NE  Unit 102  Washington  DC 20002  MLS   DC8663573    DC Real Estate   UrbanLand Company5

“The H Street Corridor is hot, hot, hot. This 1BR + Den has a great interior, lots of space for the price and has nice touches throughout. It’s in a building called Riverwalk on the East end of the corridor. We have a lot of experience with this building and with happy buyers here from the recent past.” continued DiRuggiero.” Unit #102 is a true 1BR + Den that has a large living room with great windows, a separate dining area, European style kitchen and a designer tile bath. The bedroom has a big closet and the den is full of windows.”

500 25TH PL NE  Unit 102  Washington  DC 20002  MLS   DC8663573    DC Real Estate   UrbanLand Company4 500 25TH PL NE  Unit 102  Washington  DC 20002  MLS   DC8663573    DC Real Estate   UrbanLand Company2

500 25th Place NE, Unit 102 is listed at $287,650. What does that mean to the first time home buyer? For most buyers using a 30 year mortgage with a 3.5% down payment, you’re looking at between $1,315 – $1,415 per month for your monthly loan payment, plus taxes and insurance. “That’s a great deal versus rent, because owning here means your investment grows, and when you sell it later, you get back every single payment you made towards that mortgage while you lived here. You can’t say that about a luxury apartment. In that case, you’re just paying your landlord’s mortgage and feeding his or her equity,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company.

The key here is that interest rates are under 4% currently for a 30 year mortgage. “The ‘average’ interest rate for mortgages of this type for the last 40 years has been around 8.6%. We’re currently at more than 50% off those levels. What do you do when anything is 50% off? You think hard and often pull the trigger and buy. It’s the same with these types of real estate conditions.” Available $0 Down programs funded by DC government eliminate the hurdles to immediate ownership.

Learn more about the DC Open Doors $0 Down Program

Want to know more? Come check out an UrbanLand Company Free Home Buyer Workshop.

UrbanLand Workshops run in a small group format where attendees can get their questions answered by actual real estate professionals. “We see a lot of attendees leave with new relationships started with our Workshop Agents.” continued DiRuggiero. “We’re proud to say that in the last 2 years we’ve developed a unique fast-track home buying Workshop that leads to successful ownership for a large portion of attendees who participate fully with us.”

Free Workshops are Tuesday nights at 5:30pm and Saturday mornings at 10am. Sessions are held at 913 Florida Avenue, NW. RSVP for the Workshop by emailing Info@UrbanLandCompany.com or by using Facebook Events.

 

 

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