Would you rather rent or buy this two story two bedroom in Adams Morgan? The choice is yours. This unit is currently listed for rent ($2750/month) and for sale ($525,000.)
If you are curious how your mortgage payment would compare to rent, let me break it down for you. Assuming a 20% down payment and a 3% interest rate, your monthly payment would come to $2473/month. The first month $721 would go towards principal bringing your net cost down to $1752. That’s almost $1000/month less than renting and that principal payment only increases over time.
Lastly, a quick reminder that there are many creative ways to finance a home purchase that do not require a 20% down payment. This is just one example!
Spacious two-level two bedroom and one bath corner unit at The Avalon! Entering the unit you will find a nicely sized foyer with an oversized coat closet. The open concept main level features hardwood floors throughout the combination living and dining room with a functioning wood-burning fireplace and a coveted double Southwest exposure and oversized windows which allow for an abundance of natural light throughout the space. The kitchen has ample cabinet space for storage and a functional layout for making gourmet meals at home. Ascend to the second level via the spiral staircase to find two gracious bedrooms and great closet space. The primary bedroom features three closets, with the main closet outfitted with an efla organizational system. In the hall you will find two additional storage closets, an in-unit washer/dryer and a full bath. The property is complete with a community rooftop deck with sweeping views of the city. The Avalon is ideally located in vibrant Adams Morgan, close to it all including Michelin-starred restaurants, shops, grocery stores, Walter Pierce Park, The National Zoo and Rock Creek Park. Please note that unit #109 is not ground level, it is on the second level. Tours available 7 days a week by the listing agent. Please follow all social distancing guidelines and wear mask while in the property.
