Close It!™ House of the Week: Views of majestic Meridian Hill

Close It!™ House of the Week: Views of majestic Meridian Hill
Close It™ is the free Web and iOS app that calculates cash to close for buyers and cash in pocket for sellers.

This week we're taking a look at 1 bedroom condo, one of the last remaining in a brand new development that overlooks Meridian Hill Park. It's listed at $354,000.

The location is equidistant to the Columbia Heights and U Street Metro stop. Endless restaurants, bars and shops are within walking distance. Residents at the Lawrence House have access to a communal 1500-square-foot roof deck with built-in cooking facilities as well as a beautifully landscaped rear garden. The units themselves are finished with custom European cabinetry and exotic stone surfaces.

Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $81,038.83. Monthly mortgage payments will then be around $1,537.92 per month (excluding HOA fees). 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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