UrbanLand Company’s Buyer Workshops program has produced yet another happy new condo owner and another successful sale for ULC Agent Jacques Edelin. “This 1BR 1BA Art Deco at 2615 4th Street, NE has a great interior, lots of space, great closets and a final sales price of just $229,000,” commented Edelin. “This building is right near all the booming Rhode Island Ave. Metro development that has been announced and is a very smart 1st time buy for our client.”
“$229,000 near a DC Metro stop that is in the middle of massive amounts of development is a very strategic purchase and puts time on the side of the buyer,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “On a traditional 30 year mortgage for this condo, the buyer is looking at between a $1,000 – $1,100/month core mortgage payment. That’s an insanely low payment while the condo grows in value.”
Buying a smart investment home with great space and strong future potential is very possible, if you know where to look and have proper guidance and representation! In the case above, the right choice for this buyer was a 1BR in Edgewood near the Metro.
More of our current Workshop sales are below. We are becoming the pathway to ownership for savvy DC / MD / VA first time home buyers!