Property Description

Welcome Home! This affordable, spacious, newly renovated three-bedroom/two-bathroom unit is your pathway into DC living in the lovely neighborhood of Columbia Heights. Located in a secured-entry building and surrounded by multiple public transportation options, parks, restaurants, shopping and more, your new residence includes an assigned parking space and easily accessible on-site-in laundry facilities. The modernly appointed kitchen is complemented by the easy flow between the dining and living room areas. The new renovations include fresh paint, new flooring and carpet, new kitchen appliances and updated finishes. The generously sized bedrooms await your design touches to reflect your personal style. Move-in ready! Don’t wait, it won’t last long! This is NOT an IZ unit and there is no IZ-related occupancy requirement, i.e. this 3-bedroom unit property does not require 3 occupants. Seller prefers National Capital Title & Escrow for settlement as they are the co-op's Transfer Agent and preferred title company. Pursuant to the District of Columbia’s affordability requirements, this lovely co-op is an income restricted unit, owner occupants only. Total maximum annual incomes (pre-tax amounts, projected over the next 12 months) for all persons who will live in this 80% maximum MFI unit, by household size: $91,800 (1 person), $104,900 (2 people), $118,000 (3 people), $131,000 (4 people), $141,600 (5 people), $152,100 (6 people), and $162,600 (7 people). There is one underlying mortgage that is addressed in the monthly co-op fees. The total monthly cost of the underlying mortgage is $241. The co-op fee that includes water and parking is $1,157 monthly. Approval is required by the co-op board for any contracted purchaser and is obtained via a mandatory interview process. Prior to the execution of any contract, all prospective purchasers must submit income information to a DHCD-approved certifying entity, to determine whether they are income eligible to purchase the unit in accordance with the terms of the Affordability Covenant. The listing agent will facilitate buyer(s) submission to a CBO (Community Based Organizations) to act as a Certifying Entity. Local lender has approved this cooperative for financing. Come visit the property and get your process started today.

Property Features

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