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VIDEO: Search "Wentworth 312" on YouTube. For rent...OR TO BUY! For the SAME monthly payment as rent ($3100) + SAME cash down as security deposit/last month's rent ($4,000) = You can BUY this 3 bed 2 bath in an INCREDIBLE location! **Offered through AHC's Affordable Dwelling Unit program, with the goal of helping moderate-income households afford their own home in Arlington.** **If the unit is not sold soon, then it will be RENTED out. Please reach out whether you are interested in renting or buying.** MORE INFO ON BUYING: **Cannot be re-sold at market price. The maximum resale price will be based on annual increases in Area Median Income since purchase. More info below.** **BELOW market price of $343,155! TOTAL MONTHLY PAYMENT: ~$3100 (if you put 1% down). Includes HOA fee of $888. ALL UTILITIES INCLUDED except cable/internet/phone. 1% DOWN - ONLY ~$4,000 CASH required! (If approved for Arlington's down payment assistance program.) To be approved for a loan: MINIMUM HOUSEHOLD INCOME: ~$100,000 (If you put more than 1% down, you can make less.) To be approved for the program: MAXIMUM HOUSEHOLD INCOME, according to household size: 3 - $108,560 4 - $120,560 5 - $130,240 6 - $139,920 7 - $149,520 You will love this unit, its location, and all its perks! **2 blocks to the METRO (Virginia Square - Orange/Silver Line)** -3 bed, 2 bath at Wentworth Place condo building. 1200 sq ft. -Large primary bedroom w/attached bath, 2 nice-sized bedrooms with hallway bath. -LIGHT and bright! Lots of windows. -Open living and dining area. Nice, functional layout. -Newer appliances, gas stove, granite countertops. -PETS: 1 pet up to 40 pounds (no reptiles). -TONS OF STORAGE! -Small garage included. (Roll-up door is manual so owners only put their car in occasionally they never had problems finding parking in the lot.) Can be used for TONS of storage. -Reserved storage unit in the building. -POOL! Plus outdoor grassy area in the back with bbq grill area. -PARKING INCLUDED: 1 pass for a resident car to use in the unassigned building spots, and 1 visitor pass for use in the 20(!) visitor spots. Plus, the garage. There is also limited on-street parking near the property. -Quiet fitness room. Community room available. -100% smoke-free building. No smoking in the unit, building, grounds, or parking lot. -Laundry is just steps down the hall, and on every floor. Convenient card system (no coins). -Wheelchair accessible with elevator. -Secure FOB access. You will LOVE this location! -Building sits in a single-family-home neighborhood with a large grassy area. No congested concrete jungle here! -Across the street from Giant grocery store, Quincy Park (playground, volleyball, basketball, tennis), Central Library, 1 block from W-L high school, and 3 blocks from Hayes Park (tennis, playground, spray park), YMCA, and Custis Trail. -Walk right outside to the 38B bus on Washington Blvd or 2 blocks to the Virginia Square Orange/Silver Line metro stop. 5 minute drive to I-66. 10 minutes to Rosslyn/DC. -10 minute walk to Clarendon, 15 minute walk to Ballston Quarter. Lots of restaurants/shopping. -Arlington Science Focus elementary school (4 blocks away) or Key Immersion; Hamm middle school; W-L high school (1 block away). PROGRAM REQUIREMENTS: -Buyer will live in the unit. -Household size: 3-7 -~4,000 cash. -Buyer has not owned a home in the last 3 years. -Credit score: 660+ -If putting 1% down, min income: ~$100,000 (to qualify for a loan) -Max income, by household size: 3 - $108,560, 4 - $120,560, 5 - $130,240, 6 - $139,920, 7 - $149,520. -Buyer understands that the unit does not appreciate according to fair market value. Its maximum resale value increases according to the annual increase in HUD's Area Median Income. Example purposes only: -2023 Purchase price: $300,000 -Annual AMI increase of 3% each year for 5 years -Value increase by 2028 = $45,000 = If property were re-sold in 2028, resale price would not exceed $345,000 Learn more about this spacious unit, at an amazing location, for an unbeatable price!
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