1714 W Virginia Ave Ne Unit 3, Washington, DC 20002

Property Description

**UP TO $10,000 SELLER CREDIT! ASK HOW YOUR FIRST-YEAR EFFECTIVE MORTGAGE RATE COULD BE 5.50% WITH A 2-1 BUYDOWN!** Imagine owning a move-in-ready, 2-bedroom, 2-full-bath Washington, DC condo for $275,000, with a monthly condo fee of just $300—and receiving up to $10,000 in seller assistance toward eligible closing costs and an interest-rate buydown. **What could that mean for your monthly payment?** Using an illustrative financing scenario prepared by OriginPoint Mortgage, a qualified buyer purchasing at $275,000 with 10% down and a 7.50% mortgage note rate could potentially benefit from a seller-funded 2-1 temporary interest-rate buydown: - **Year 1: 5.50% effective rate — $1,405.28/month** - **Year 2: 6.50% effective rate — $1,564.37/month** - **Years 3–30: 7.50% note rate — $1,730.56/month** That's approximately **$325 less per month in principal and interest during the first year** and $166 less per month during the second year compared with the regular payment. The illustrated buydown costs approximately $5,898, potentially leaving about $4,102 of the proposed seller credit available for other eligible closing costs or prepaid expenses, subject to loan-program limits. *Illustrative financing only, not a rate quote or commitment. Actual rates, payments, eligibility and credit availability vary. Payments shown are principal and interest only and exclude property taxes, insurance, condo fees and any applicable mortgage insurance. Buyer qualification is based on lender requirements, including the applicable note rate.* This move-in-ready, 2-bedroom, 2-full-bath condominium offers approximately 723 square feet of thoughtfully designed living space in a four-unit boutique building in Northeast DC's Trinidad neighborhood. Inside, enjoy hardwood flooring, an open living and kitchen area, granite countertops, stainless steel appliances, gas cooking, central air conditioning and the everyday convenience of an in-unit washer and dryer. Two bedrooms and two full bathrooms provide valuable flexibility for a home office, guest accommodations or separate living and working spaces. And with a monthly condo fee of just $300, this home offers an appealing combination of purchase price, features and manageable recurring condominium costs. The location places you near Union Market, Gallaudet University, Ivy City and the H Street Corridor, with access to neighborhood restaurants, shopping, entertainment, Metrobus routes and major DC commuting corridors. **A lower initial payment. Help with closing costs. Two bedrooms, two full bathrooms and a $300 monthly condo fee. Discover what homeownership at 1714 West Virginia Avenue NE #3 could look like for you.**