834 48th St NE Washington, DC 20019

Listing details for 834 48th St NE, Washington, DC 20019 : Sales price just reduced to accommodate HPAP and other 1st time homebuyer programs. Be the first to live in this newly constructed home built this year with 4 bedrooms, 3.5 baths and an attached 2-car garage. Completed using energy efficiency materials, its modern open concept showcases an eat-in kitchen, walk-in closets and large master bath with double sinks. There are real hardwood floors throughout including on all the stairs. The kitchen is big and warm with quartz counter tops, a center island and has Samsung appliances with extended warranties. There is an adjacent deck with views of The Washington Monument. Every bedroom is spacious with gleaming natural light that has stunning views of the city, every bathroom has beautiful title work with modern fixtures and every room has high ceilings. The location is positioned where your minutes away from two metro stations, bus stops, 295, 395, 50, BW Parkway, Marvin Gaye Park, grocery stores and bus lines. This sale is offered as an Affordable Dwelling Unit known as an ADU under the 120% MFI income level. It has an income restriction that requires a minimum household of four people to occupy it. A combined household income cannot exceed $151,200 for 4 people (including children) and a maximum of $211,700 for 8 people. The property cannot be sold at market rate for 15 years. After that time, the home can be sold for whatever price the market will bare. Each year that a person lives in the property, more equity is released until the 15th year period is met. Take advantage of purchasing at a below market price. The home next door built by the same builder sold in the mid $600s.