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GDoN “Historically significant 1920’s Schneider built” edition

by Prince Of Petworth March 8, 2017 at 11:55 am 6 Comments

1742 Q St NW

This house is located at 1742 Q Street, NW. The MRIS listing says:

“Historically significant 1920’s Schneider built Dupont residence consists of 3 renovated units tastefully combining architectural details of a bygone era with today’s modern conveniences. 2 units rented for $2,500/mo = $60K annual rental income. Spacious 2 bed, 2.5 bath owner’s suite sited on top 2 floors & includes expansive terrace, Juliet balcony & bay windows. 3 car secure parking included.”

gdon

You can see more photos here.

This 4 bed/4.5 bath is going for $2,450,000.

  • LedroitTigah

    I think that’s really lovely – and with two income properties in addition to the owner’s suite, I’m surprised its not going for more, to be honest.

  • HillEast

    very nicely done, although even with the rental income, you’re still paying roughly 8K a month for that mortgage.

    • JoDa

      Hmmm…I came up with 6.5K with 20% down, subtracting the rental income. Were you assuming a significantly higher interest rate given the multi-unit nature (I don’t know anything about buying multi-unit properties)? Either way, it’s a lot of coin for a 2 bed/1.5 bath to live in, even if it is stunning and in a great location.

      • JoDa

        *2.5 bath…I assume each of the rentals is 1/1, so the owner’s suite is 2/2.5.

  • Oh, this RE agent should be careful with claiming these were builtin the 1920s..they are off by a full 30 years. They were built beginning in 1891 and designed by architect Thomas Franklin Schneider. We testified in a court case once due to a RE agent claiming a house in Georgetown was built in 1830 – it was built in 1930, and by the time the new owner found out, they were less than pleased. RE agents, do your homework!

    • textdoc

      For what it’s worth, the “year built” info in the D.C. tax records is sometimes off — I wonder if that’s what happened here.
      .
      I think an owner is much less likely to sue over a supposedly 1920s building that was actually built in 1891 than over a supposedly 1830 Georgetown building that was actually built in 1930.

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