The median sales price for a home in the District was $647,800 in August, an increase of 13.4 percent compared with August 2019, according to Bright MLS. Prospective home buyers looking for a more affordable place to live and a budget that maxes out at $400,000 may see that cost and think they’re simply priced out of the city. But many homes are available for less than the median sales price and a recent search of listings on BrightMLShomes.com found 431 properties available for $400,000 or less.

For example, the condo at 4471 Macarthur Blvd. NW #303 is priced at $282,400. The monthly condo fee of $353 includes all utilities other than electricity. Annual property taxes are $1,544.

Located in the Palisades neighborhood of Northwest, this condo is less than a mile from Georgetown University and a little more than a mile from shops and restaurants in Georgetown. Shops and restaurants in the Palisades neighborhood and the Palisades branch of the D.C. Public Library are also within approximately one mile. A Metrobus stop is less than one mile from the condo.

The 536-square-foot condo, on the top floor, has one bedroom and one bathroom. The galley-style kitchen, which opens to a dining area with a window, has been recently renovated with stainless-steel appliances and a tile backsplash. The living room has three large windows. Other amenities include gas heat, gas water heating and hardwood floors. The condo comes with reserved parking for one car and a storage unit in the basement.

The brick garden-style community includes a picnic area and laundry facilities. The unit doesn’t have an individual washer and dryer. Pets are allowed.

Assigned schools include Key Elementary, Hardy Middle and Wilson High, all rated above average by GreatSchools.org in comparison to other schools in the District.

For a virtual tour, click here.

For more information, call real estate agent Dayse Taruselli with Century 21 New Millennium at 703-732-3231.

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