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, pied--terre--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 $368.30/mo, unlike hotel rooms. That $368.30 includes TAXES ($66) AND FEES ($292--also heat, hot water, gas, and a small underlying mortgage payment.) This underlying mortgage payment is paid in the maintenance fees, so it is subtracted from the price at closing. Right now, you'd pay about $213,000 at closing and you pay off about 6,000 in the $292 monthly co-op maintenance fee. You'll see Cleveland Park studios that have higher fees and are less desirable but that cost more. And purchase price, unlike fees and taxes, is an investment that comes back when you move on. The Broadmoor is a safe and comfy full-service 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 bathroom & bedroom plus a tiny kitchen, 2 big pre-war closets, a sunny quiet park view, birdsong, bathroom window, oak floors, high ceilings, plus upgraded breaker box, windows, and bathroom. Can't beat it! - CLOSING PAYMENT IS $219, 000 MINUS ABOUT $6,000 IN AN UNDERLYING MORTGAGE THAT IS PAID FROM THE $292 CO-OP FEES, SO YOU PAY ABOUT $213,000 PLUS $358.30 ($66 PLUS $292) PER MONTH--A TOTAL OF ABOUT $1,500/MONTH WITH A MORTGAGE. LESS THAN RENT.