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Key Details
Sold Price $220,000
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 350 sqft
Price per Sqft $628
Subdivision Cleveland Park
MLS Listing ID DCDC2133748
Sold Date 11/25/24
Style Art Deco
Full Baths 1
Condo Fees $292/mo
HOA Y/N N
Abv Grd Liv Area 350
Originating Board BRIGHT
Year Built 1928
Tax Year 2023
Property Description
The Broadmoor is a famous property. Metro's in the next block. Best location in DC--it can't be beat. And this studio is the least expensive way to enjoy it, whether you want a home, office, retreat, art studio, part-time lodging...If you stay regularly in Washington, why not have your own Cleveland Park lodging (with kitchen & concierge services) always available and with your own stuff for $355.82/mo, unlike hotel rooms. That $355.82 includes TAXES ($68.50) AND FEES ($287.32--also heat, hot water, gas, and a small underlying mortgage payment.). Payment on this underlying mortgage is in the maintenance fees, so it is subtracted from the price at closing. Right now, you'd pay about $209000 at closing and you'd pay off about $6000 in the $355.82 monthly fee. You'll see Cleveland Park studios that have higher fees and are less desirable but that cost more. The Broadmoor is a safe and comfy full-service famous deluxe building with a 24/7 concierge front desk & security, gym/fitness center, guest rooms, party rooms, quick on-site maintenance & management, 5 beautiful acres on Rock Creek Park, huge beautiful renovated 1928 interior (hardwood & tile floors, high ceilings, 2-story lobby, commons, library, 1920's bar, pre-war details), group activities provided for residents. Wine cellar, garage, electric car charger, storage, and locked bike room are available at additional cost. The Broadmoor is so walkable: Adas Israel 30 feet, Metro next block, bus lines, restaurants, groceries, banks, CVS, farmers' market, beauty salons, spa, stores, repairs, library, PO, services.... Owner lost 12 pounds in first weeks because she walked everywhere she used to drive. Broadmoor studios are rarely for sale, especially upper-floor, bigger ones like this one. It has 3 QUIET rooms: big pre-war 1928 bedroom & bathroom plus a tiny kitchen, 2 big 1928 closets, a sunny quiet park view, birdsong, bathroom window, oak floors, high ceilings, plus upgraded windows, breaker box, and bathroom. Can't beat it! - CLOSING PAYMENT IS $215000 MINUS ABOUT $6000 IN AN UNDERLYING MORTGAGE THAT IS PAID FROM THE $355.82/MONTH FEES, SO YOU PAY ABOUT $209,000 AT CLOSING PLUS $355.82 ($68.50 TAXES PLUS $287.32 FEES) PER MONTH--ABOUT $1358/MONTH WITH FEES, A 6% MORTGAGE, AND 20% DOWN PAYMENT-->MUCH LESS THAN RENT.
Location
State DC
County Washington
Zoning RERS
Interior
Interior Features Efficiency, Elevator, Entry Level Bedroom, Studio, Bathroom - Tub Shower, Walk-in Closet(s), Window Treatments, Recessed Lighting, Wood Floors, Flat, Kitchen - Efficiency
Hot Water Instant Hot Water
Heating Radiator
Cooling Other
Flooring Ceramic Tile, Solid Hardwood, Vinyl
Equipment Cooktop, Instant Hot Water, Refrigerator
Fireplace N
Appliance Cooktop, Instant Hot Water, Refrigerator
Heat Source Other
Laundry Common
Exterior
Amenities Available Bar/Lounge, Common Grounds, Concierge, Dining Rooms, Elevator, Exercise Room, Extra Storage, Fax/Copying, Fencing, Fitness Center, Game Room, Guest Suites, Jog/Walk Path, Laundry Facilities, Library, Party Room, Picnic Area, Reserved/Assigned Parking, Security, Storage Bin
Water Access N
Accessibility None
Garage N
Building
Story 1
Unit Features Mid-Rise 5 - 8 Floors
Sewer Public Sewer
Water Public
Architectural Style Art Deco
Level or Stories 1
Additional Building Above Grade
New Construction N
Schools
Middle Schools Deal
High Schools Wilson Senior
School District District Of Columbia Public Schools
Others
Pets Allowed N
HOA Fee Include Alarm System,All Ground Fee,Common Area Maintenance,Ext Bldg Maint,Gas,Heat,Insurance,Lawn Care Front,Lawn Care Rear,Lawn Care Side,Lawn Maintenance,Management,Recreation Facility,Reserve Funds,Road Maintenance,Sewer,Snow Removal,Taxes,Trash,Water,Other
Senior Community No
Ownership Cooperative
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Third Party Approval
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Bought with Bruce powell Majors • Long & Foster Real Estate, Inc.
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William Mercogliano III
Broker Associate | License ID: 0893537
Broker Associate License ID: 0893537
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