Description
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 maintenance overnot Buyer damage, As Is sale.
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1BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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525SQFT
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$2$/SQFT
School Information
Description
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 maintenance overnot Buyer damage, As Is sale.
©2025 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Tom & Cindy and Associates | Long & Foster Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-12-09T23:58:06.533.