Close It!™ House of the Week: Lots of living space, an assigned parking space

Close It!™ House of the Week: Lots of living space, an assigned parking space
Close It™ is the free Web and iOS app that calculates cash to close for buyers and cash in pocket for sellers.

We're headed over toward American University this week to check out a 1-bedroom condo in the AU-Tenleytown neighborhood. The unit, which is on the second level of a garden-style condo building, offers a spacious 732 square feet of living space and an assigned parking space. It's listed at $274,900.

This condo has an updated bathroom and a kitchen that features granite countertops, dishwasher and an electric stove. The unit has hardwood floors throughout as well as large windows that let in plenty of sunlight. The condo building is located near Glover Archbold Park, where trails and nature await. The culture and nightlife of the city are also not far away.

Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $63,741.43. Monthly payments will then be around $1,733.42 per month, which includes the HOA fee. For a complete picture of the cash to close, including the seller's side of the transaction, try the Web version of Close It™ or download the free Close It™ iOS app.

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