For Sale

Listed by Toni Ghazi from Compass

Source: Bright MLS #DCDC497498

704/1701 16th Street Northwest, Washington, DC, 20009

$204,999

1

Other

30+ days on the market

What's around 704/1701 16th Street Northwest

About this property

***SUBSTANTIAL PRICE REDUCTION*** The Chastleton, a 300-unit cooperative on the corners of 16th and R Streets in the heart of DuPont Circle is a striking example of Beaux Arts architecture. Extensively renovated in 2007, the 8-story building offers a combination of history, elegance and convenient lifestyle amenities, including 24-hour security, on-site fitness center and a roof deck with 360-degree views of the District skyline. Unit 704 is a charming studio, 1 bath residence with an open floor plan, walls of windows with abundant natural light, and a kitchen with designer lighting and finishes.***$505.87 Coop Fee breakdown = Maintenance $278 + Taxes $67.73 + Underlying Mortgage $160.04*** ***Total underlying mortgage is $28,887.25 as of 11/2020 which will be SUBTRACTED from the sales price, lowering the actual price of the unit. For Example: $204,999-$28,887.25 = $176,111******After 2-years of ownership, you can rent the unit out for 3-years******Keep in mind, COOP Real Estate Property Taxes are substantially less-expensive than a same-size unit for a CONDO unit***

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