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Good Deal or Not? “$50,366.79 underlying mortgage will be deducted from the final sales price” edition

by Prince Of Petworth March 13, 2012 at 1:00 pm 28 Comments

This Coop is located at 1669 Columbia Rd, NW:


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The listing says:

“Recently renovated, updated kitchen – granite countertops, SS appliances – hardwood floors, crown molding, high ceilings, and reserved parking! Walking distance to metro, restaurants, shops and more! Coop fee includes: OC & Taxes $615.36; Ground Rent $60.92; Parking $11.06; UM $277.50*; for a total of $964.85. *Note $50,366.79 underlying mortgage will be deducted from the final sales price*”

You can find more photos here.

This 2 bed/2 bath is going for $400,000.

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