2642 Birney Place, Se #101, Washington, DC 20020

Not a lease...an unusual offer of a delayed purchase option to create homeownership. Remodeled 1BR Accessible market rate Co-op Unit is available for Sale (DCDC2097766, $129,900), OR qualified Buyer can enter into 2 or 3 year installment sale agreement to occupy while qualifying to purchase. $1,300 down payment/deposit, $1,050 monthly pre-settlement use fee, $1,150 use fee in months 13-24 then $1,250. Buyers in good standing after first 12 months, eligible to buy with deferred payment down payment assistance of up to 20% of price ($25,980 max) from Seller (3%annual simple interest charge max $779.40/year). Buyer can seek share loan and apply for HPAP to achieve a lower monthly cost. Coop operating assessment is $210/month (for water, sewer, trash, grounds, halls, common element mtce, insurance and RE Tax). Requires Installment Purchase agreement (to ensure price and assistance) with Buyer termination and extension rights. Buyer cleans pays elec and gas. Seller does normal … read more …