One of the strongest selling points for a charming Victorian rowhouse at 928 T St. NW may be a feature off the property: access to the nightlife of the 14th Street and U Street corridor.

The house, listed at $1.45 million, is located within walking distance of countless restaurants and music venues as well as the U Street and Shaw Metro stations.

Still, the house has many appealing features, including a turret and exterior design that were featured on a commemorative stamp.

Inside, the house has four finished levels with two fireplaces and both original architectural elements and modern amenities.

The residence has an open floor plan, high ceilings, hardwood flooring, a patio and parking for two cars.

The upper three levels have four bedrooms and three and one-half baths and a dramatic main level featuring an exposed brick wall with arches, columns and recessed lighting. The kitchen has marble counters, stainless steel appliances and a metal coffered ceiling.

The top floor master suite includes a contemporary-style bath featuring double vanities with vessel-style sinks. The lower level rental unit includes one bedroom, a full bath, a living area and an updated kitchen. The home is listed by associate broker Kimberly Casey with Washington Fine Properties. She can be reached at (202) 361-3228.

New online tool helps settle rent vs. buy dilemma

Determining whether it’s more financially advantageous to purchase or rent a home is always tough. Now Trulia has an online tool to help potential buyers decide which option is best based on several criteria.

When potential buyers click on their location, mortgage rate, tax bracket and the number of years they plan to stay in the home, the site will offer a recommendation on whether it’s better for them to purchase or rent.

According to Trulia’s “Rent vs. Buy: Which is Cheaper for You?” report, it’s 22 percent less expensive to buy a home than to rent a place in the Washington region if you plan to stay at least five years and you can finance that purchase with a 4.8 percent mortgage.

If you intend to live in the home for at least seven years, it’s 31 percent cheaper.

Even if mortgage rates rise to 6 percent, the study shows that buying is 13 percent less expensive than renting if you stay five years and 23 percent less expensive if you keep your home for seven years.

Eastern Shore waterfront estate up for auction

(Courtesy of Auction.com)

In 2003, David and Jackie Gable worked with an architect and builder to design a distinctive waterfront estate near St. Michael’s on Maryland’s Eastern Shore. A decade later, they’re ready to design a new home for themselves and are selling their home at 22969 Rabbit Cove Lane in Wittman, Md., through Auction.com.

The splashy house sits on 8.7 acres with 1,000 feet of shoreline and a two-mile view of Harris Creek.

The 10,109 square-foot New England-style gated estate has water views on three sides and an architectural design to maximize the views, the tranquility of the site and privacy for residents. The grounds include a waterside swimming pool with a cascading waterfall, a hot tub and a pool house; a pier, a boat lift and a floating dock. Inside, the home’s foyer features marble flooring and elegant archways along with dual staircases.

The main level has an open floor plan and a great room with wood-burning fireplace. The home has an elevator four bedrooms, six full baths, two half baths, a library, a fitness room and two offices that could be converted to bedrooms.

The auction will take place online Oct. 24 with a starting bid of $2 million. An open house is scheduled for Saturday from 10:30 a.m. to 1:30 p.m. Bidders must register at www.auction.com, provide a $10,000 deposit and proof of funds. For more information on the auction, contact Truc Nguyen, trnguyen@auction.com, (949) 454-4538. For more information on this property, visit http://rabbitcoveestate.com or contact Mary Wagner, marywagner@championrealty.com, (410) 975-3232.

A day of fun at Day of Design

If your Saturdays are typically spent watching marathons of HGTV’s “Design Star,” here’s your chance to get off the couch and spend the day participating in live art and design-focused events at Georgetown’s Cady’s Alley.

The Day of Design, which will take place on Saturday, part of FAD Georgetown: Fashion + Art + Design weekend, includes coffee and tips from local interior designers, a design industry cocktail mixer with live music, a showcase of outdoor furniture from Design within Reach and an art exhibition linked to interior design.

Special promotions, extended hours and in-store events will be offered by the design-focused merchants in Cady’s Alley. The events, sponsored by EastBanc and Jamestown Properties, will take place from 10:30 a.m. to 8 p.m. at Cady’s Alley, 3336 M St. NW. For a complete list of design events visit www.cadysalley.com.

Michele Lerner is a freelance writer. To pass on a tip or news item, contact us at realestate@washpost.com and put “Town Square” in the subject line.

CORRECTION: Organizers of the Day of Design changed the start time of the event to 10:30  a.m. An earlier version of this post reflected the 11 a.m. start time before the change was made.