Close It!™ House of the Week: Contemporary condo near U Street Corridor

We’re headed to the U Street Corridor to check out this week’s House of the Week, a sun-filled 977-square-foot front-facing condo that has 2 bedrooms and 2 bathrooms and an ideal split floor plan configuration. It’s listed at $739,000.

It’s a corner unit located on the third floor of the contemporary Lima Condos project, which delivered in 2013. The gourmet kitchen features quartz countertops, espresso-colored cabinetry, gas cooking and top-tier stainless steel appliances. In addition, this condo comes with garage parking while the building comes with a roof terrace. The location is just blocks to Metro as well as a number of interesting shops and restaurants along U and 14th streets.

Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $168,169.37. Monthly payments will then be around $3,523.56, including the HOA fee. For a complete picture of the cash to close, including the seller’s side of a transaction like this, try the Web version of Close It™ or download the free Close It™ iOS app.

  • Ways to save at closing

    Title charges are the largest chunk of closing costs and can vary by hundreds of dollars.

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  • What are closing costs?

    The real estate closing process involves loan steps, legal steps and title steps.

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  • What's title insurance?

    Insure your legal ownership just like you'd insure the building, but for lots cheaper.

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