2118 Suitland Ter Se, Washington, DC 20020

Property Description

Welcome to this charming two-level, townhome-style condo in the desirable Fairfax Village community. Featuring a classic brick exterior surrounded by mature greenery and neighborhood open space, this bright and inviting home offers comfortable living with a convenient layout and thoughtful updates. The main level features updated flooring, abundant natural light, an upgraded kitchen with white cabinetry and stainless-steel appliances, a convenient rear entrance, and a dedicated dining area enhanced by built-in shelving. Upstairs, the spacious bedroom provides a comfortable retreat, while the modernized bathroom adds a fresh, contemporary touch. Ideally situated in a quiet residential setting with convenient access to major commuter routes, public transportation, shopping, dining, and everyday amenities, this home offers an attractive combination of affordability, location, and potential long-term savings. Potential Additional Savings for Eligible Buyers: This property may qualify for the DC Lower Income Homeownership Tax Abatement Program, which can provide substantial savings to eligible purchasers. The program may provide both an upfront settlement benefit and ongoing property tax relief. The settlement benefit combines an exemption from the buyer’s DC Recordation Tax with a credit for the seller’s Transfer Tax, representing a combined benefit of approximately 2.2% of the purchase price. For example, at a $150,000 purchase price, that could represent approximately $3,300 in upfront savings. In addition, qualifying buyers may receive a full exemption from DC real property taxes for up to five consecutive years. Based on DC’s baseline residential property tax rate, a $150,000 purchase could potentially result in approximately $1,237 in annual property-tax savings, or approximately $6,185 over five years. Combined with the estimated settlement benefit, a qualifying buyer could potentially save more than $9,000 over five years. This unique combination of an affordable purchase price, potential closing-cost savings, and significant property-tax relief makes this Fairfax Village condo an especially compelling opportunity for an eligible buyer. Buyers should independently confirm program eligibility, benefits, and current requirements with the appropriate DC agency or qualified professional.