718 PARK RD NW #2
Washington, DC 20010

Description:

RARE FINANCING OPPORTUNITIES! 3.25% ASSUMABLE VA LOAN WITH LESS THAN A 10% GAP TO COVER! With approximately $341,000 remaining on the existing loan, qualified buyers have the opportunity to assume an incredibly attractive 3.25% interest rate, with an estimated gap of just $28,400 (approximately 7.7% of the asking price)! Loan assumption is subject to servicer approval, buyer qualification, and applicable VA requirements. MORE WAYS TO SAVE! UP TO $13,000 IN POTENTIAL COMBINED CREDITS! The seller is offering an $8,000 CREDIT toward a 2-1 mortgage rate buydown OR eligible closing costs with an offer ratified by OCTOBER 31, 2026! A 2-1 buydown temporarily reduces the buyer's interest rate by 2 percentage points in year one and 1 percentage point in year two before returning to the original note rate in year three. PLUS, eligible buyers may qualify for up to an ADDITIONAL $5,000 IN LENDER CREDITS toward closing costs through a designated lender! First-time homebuyer status is not required. Minimum credit score of 620, applicable income limits, and other qualification requirements apply. Contact the listing agent for financing details! WELCOME TO EFFORTLESS CITY LIVING! Discover this beautifully upgraded condo tucked away in an intimate 8-unit boutique building, offering the perfect blend of modern style, comfort, and convenience. Step inside to gorgeous white-oak hardwood floors and an inviting open layout. The thoughtfully redesigned kitchen maximizes every inch of space with custom cabinetry featuring organizational inserts, stainless-steel appliances, a gas range, gleaming granite countertops, and chic open shelving. Every detail has been thoughtfully refreshed, including crisp new paint, modern light fixtures, a Nest thermostat, an elegantly updated bathroom, a new water heater (2024), and full-sized in-unit laundry. The building also features a newly installed ButterflyMX smart intercom system and dedicated bike storage. And with LOW MONTHLY CONDO FEES OF JUST $281.18, this home offers exceptional value! High-speed internet options are available through Comcast and Verizon Fios. LOCATION, LOCATION, LOCATION! With an incredible 97 WALK SCORE, the best of DC is right outside your door! Perfectly situated between the Columbia Heights and Georgia Ave–Petworth Metro stations, you're just blocks from neighborhood favorites like Call Your Mother, St. Vincent Wine Bar, Hook Hall, and Queen's English. Enjoy nearby green spaces and recreation at the Columbia Heights Community Garden, Bruce Monroe Community Park, and Park View Recreation Center. STYLISH UPGRADES, LOW CONDO FEES, AN UNBEATABLE LOCATION, AND EXCEPTIONAL FINANCING OPPORTUNITIES! Whether you're looking to take advantage of the assumable VA loan or explore available closing cost and rate buydown incentives, this is an opportunity worth exploring. Schedule your private showing today! Financing incentives are subject to buyer qualification, lender and servicer approval, program eligibility, negotiated terms, and applicable contribution limits. Seller credit and lender credit may be combined only where permitted by the applicable loan program. The estimated VA assumption gap excludes closing costs and other transaction expenses.