1342 4TH STREET
Washington, DC 20024

Description:

The pinnacle of Mid Century Modernized; Rarely available 4-level Charles Goodman townhome is one of the best that the River Park community has to offer. M&T Bank is currently offering a 5.375% interest rate for coops which is fixed for 5 years or a 5.5% interest rate which is fixed for 7 years. In addition they'll give a $5k to $10k GRANT towards your closing costs. This iconic residence showcases the distinctive mid-century modern barrel roof, original wood floors, wood paneled walls and Goodman’s signature open-tread staircase. INVESTOR POTENTIAL. The requirement to occupy a unit for at least one year prior to leasing is waived until December 31, 2027! COOP VS CONDO: Buying this home gives you several distinct advantages: 1. You’ll deduct approximately $11,000 from the purchase price for the underlying mortgage. 2. In December/January this underlying mortgage will be paid off from the reserves and will no longer be part of the monthly co-op fee. 3. The monthly co-op fee covers SO MANY THINGS that a condo does not cover: your real estate taxes, your HVAC and hot water heater, all utilities (except electric, 2024 monthly avg.= $71.70), maintenance, community amenities such as 24-hour front desk concierge and package service, nighttime security, a well-maintained gym and newly refinished in-ground swimming pool, picnic area with grills, and playground. Many of your home’s interior and exterior maintenance items are included in your monthly Co-op fee ensuring a hassle-free lifestyle. There are no separate tax payments. In a similarly priced condo, your taxes would be about $5,000 per year, or $416 per month, plus condo fees, plus all utilities. LOCATION: Just steps from Waterfront Metro Station, Safeway, The Wharf, Nationals Park, Audi Field, Arena Stage, and an array of shopping and dining options, this home offers the perfect blend of tranquility and city living. With easy access to major highways, DCA, and Metro stations, commuting is effortless. OPPORTUNITY: Don’t miss this unique opportunity to own a piece of mid-century modern history in one of D.C.’s most vibrant neighborhoods! Experience the best of city living in a beautiful 11-acre gated community with a parklike setting! At River Park you really are buying into a lifestyle that you can’t find anywhere else in Washington DC!!