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Description:
This is an IZ unit. You must be IZ qualified. The Exchange is a meticulously designed boutique condo building offering sought-after amenities in the heart of Park View. Indulge in this unique and stylish oversized 1 bedroom/1 bathroom residence with soaring ceilings, wall-to-wall windows, and wide-plank flooring — no detail was overlooked in crafting the perfect backdrop for a life of modern luxury. The designer kitchen features custom appliances, sleek high-end cabinetry, and expansive quartz countertops that line the almost ten-foot island — creating a stylish space for entertaining and cooking. Retreat to the generous primary bedroom complete with a custom bath adorned with a walk-in shower and an oversized vanity. Take the elevator up to the community roof deck With a Walk Score of 96, everything you need is just moments away from the Petworth Metro Station, Safeway, and Looking Glass Lounge to Honeymoon Chicken, Timber Pizza Co, Loyalty books, and so many other restaurants and shops! PLEASE Read the rest of remarks. Pursuant to the District of Columbia Inclusionary Zoning program, income restricted units are available at this development. Please contact the Department of Housing and Community Development regarding the availability of such units and requirements for registration in the Inclusionary Zoning program. This unit is available via the IZ lottery process only. To become eligible for the next IZ purchase lotteries, complete steps 1, 2 and 3 via the DHCD Inclusionary Zoning Website. The minimum occupancy requirement of 1 or more persons for this 1 bedroom unit. The income limits: $72,250 (1 people); $82.550 (2 people); $92,900 (3 people). The unit must remain the owners continued primary residence throughout their ownership. The household must divest of any other housing ownership before closing on the IZ unit. The unit may not be rented out, in part or in full, for any length of time and via any method without prior written consent from DHCD. Temporary rentals including AirBnb or similar style rentals are never permitted. There are perpetual resale price and term restrictions on the unit. The owner must contact DHCD to obtain a maximum resale price and receive further instructions prior to listing the unit for sale or refinancing the mortgage.
Status | Active |
Added to RealtyWatch | July 25, 2024 - 45 days ago |
Listing Office | Compass, D'Ann K Lanning |
MLS ID | DCDC2151466 |
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