NOT LISTED FOR SALE

Velocity Condominiums 1025 1st St SE Unit 1002 Washington, DC 20003

Navy Yard Neighborhood

Estimated Value: $485,484 - $586,000

1 Bed
1 Bath
785 Sq Ft
$407/mo HOA Fee

Last Sold May 11, 2017

Last sale price $500,000 $637 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,583/month

2 Days on Market

Highlights

  • Concierge
  • 3-minute walk to Navy Yard
  • Open Floorplan
  • Fitness Center
  • Private Pool
  • 4-minute walk to Washington Canal Park

About This Home

As of May 2017

Beautiful 1BR/1BA condo w/ garage parking at The Velocity. Open living space featuring spacious kitchen w/granite counters/backsplash, SS appliances & island. Floor to ceiling windows, hardwood floors, balcony. Building includes: concierge, gym & rooftop w/pool. Steps to metro, Nationals Park, shopping, restaurants & outdoor activities, Whole Foods coming soon! OPEN HOUSE 3/19 1-4PM

Last Listed By

Brent Jackson

TTR Sotheby's International Realty License #0225099290 Listed on: 03/16/2017

TTR Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,382

Year Built

  • Built in 2009

Lot Details

  • 131

HOA Fees

  • $407 Monthly HOA Fees

Parking

  • Parking Space Number Location: 125

Home Design

  • Contemporary Architecture

Interior Spaces

  • 785 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Combination Kitchen and Dining Room
  • Wood Flooring

Kitchen

  • Oven
  • Stove
  • Microwave
  • Freezer
  • Ice Maker

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Van Ness Elementary School
  • Jefferson Middle School Academy
  • Jackson-Reed High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Private Pool
  • Property is in very good condition

Listing and Financial Details

  • Tax Lot 2123
  • Assessor Parcel Number 0699/N/2123

Community Details

Overview

  • Association fees include custodial services maintenance, exterior building maintenance, management, insurance, pool(s), reserve funds, snow removal, trash
  • High-Rise Condominium
  • Velocity Community
  • Navy Yard Subdivision
  • The community has rules related to moving in times

Amenities

  • Concierge
  • Common Area
  • Community Center
  • Party Room

Recreation

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,382

Year Built

Built in 2009

Lot Details

0

HOA Fees

$407 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 2009
  • Remarks Public: Beautiful 1BR/1BA condo w/ garage parking at The Velocity. Open living space featuring spacious kitchen w/granite counters/backsplash, SS appliances & island. Floor to ceiling windows, hardwood floors, balcony. Building includes: concierge, gym & rooftop w/pool. Steps to metro, Nationals Park, shopping, restaurants & outdoor activities, Whole Foods coming soon! OPEN HOUSE 3/19 1-4PM
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Freezer, Icemaker, Oven - Single, Refrigerator, Stove, Washer, Microwave
  • Interior Amenities: Combination Kitchen/Dining, Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Floors 6-10
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 785
  • Living Area Sq Ft: 785
  • Price Per Sq Ft: 630.57
  • Above Grade Finished Sq Ft: 785
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1025

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Concrete
  • Pool Private: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal, Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Garage, General Common Elements
  • Parking Space Number Assigned: 125
  • Garage Features: Underground

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 407.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Community Center, Concierge, Elevator, Exercise Room, Party Room, Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Custodial Services Maintenance, Ext Bldg Maint, Management, Insurance, Pool(s), Reserve Funds, Snow Removal, Trash
  • HOA Condo Co-Op Rules: Moving In Times, Elevator Use
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Elementary School: VAN NESS
  • Middle School: JEFFERSON MIDDLE SCHOOL ACADEMY
  • High School: JACKSON-REED
  • School District Key: 121140357950
  • Elementary School: VAN NESS
  • High School: JACKSON-REED
  • Middle Or Junior School: JEFFERSON MIDDLE SCHOOL ACADEMY

Green Features

  • Green Verification: No

Lot Info

  • Improvement Assessed Value: 296680.00
  • Land Assessed Value: 167150.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Year Assessed: 2016
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16165111
  • Tax Annual Amount: 3381.72
  • Assessor Parcel Number: 0699/N/2123
  • Tax Lot: 2123
  • Tax Total Finished Sq Ft: 787
  • Tax Year: 2016
  • Close Date: 05/11/2017

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
May 11, 2017
Sold by
Purnell Daren L
Bought by
Johnson Aaron M
Seller's Agent
Brent Jackson
TTR Sotheby's International Realty
Buyer's Agent
Dianna Campagna
Long & Foster Real Estate, Inc.
List Price
$495,000
Sold Price
$500,000
Premium/Discount to List
$5,000
1.01%
Total Days on Market
2
Current Estimated Value
$521,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,871
Avg. Annual Appreciation
0.43%
Original Mortgage
$375,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2012
Sold by
Sq 699N Phase I Developer Llc
Bought by
Purnell Daren L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,900
Interest Rate
3.5%
Mortgage Type
VA

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Johnson Aaron M $500,000 Federal Title & Escrow Co
Purnell Daren L $413,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Aaron M $290,020
Closed Johnson Aaron M $375,000
Previous Owner Purnell Daren L $413,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2017 05/11/17 Sold $500,000 +1.0% $637 / Sq Ft
03/18/2017 03/18/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $495,000 -- $631 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,388 $500,770 $150,230 $350,540
2023 $3,371 $495,260 $148,580 $346,680
2022 $3,387 $490,910 $147,270 $343,640
2021 $3,311 $479,150 $143,740 $335,410
2020 $3,332 $467,680 $140,300 $327,380
2019 $3,187 $449,760 $134,930 $314,830
2018 $3,042 $431,210 $0 $0
2017 $3,603 $423,830 $0 $0
2016 $3,382 $397,850 $0 $0
2015 $3,414 $401,670 $0 $0
2014 -- $373,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brent Jackson

    Seller's Agent in 2017

    Brent Jackson

    TTR Sotheby's International Realty

    (202) 263-9200

    47 in this area

    299 Total Sales

    Brent Jackson
    Section Image
  • Robert Sanders

    Seller Co-Listing Agent in 2017

    Robert Sanders

    TTR Sotheby's International Realty

    (202) 744-6463

    45 in this area

    347 Total Sales

    Robert Sanders
    Section Image
  • Dianna Campagna

    Buyer's Agent in 2017

    Dianna Campagna

    Long & Foster

    (703) 447-0849

    16 Total Sales

    Dianna Campagna
    Section Image
See All Agents

About Velocity Condominiums

Map

Source: Bright MLS

MLS Number: 1001386201

Bright MLS

APN: 0699N-2123

District of Columbia District of Columbia County Washington 20003 Navy Yard

1025 1st St SE Unit 1002, Washington, DC

Homes for Sale in Washington, DC

This home is located at 1025 1st St SE Unit 1002, Washington, DC 20003 since 16 March 2017 and is currently estimated at $521,871, approximately $664 per square foot. This property was built in 2009. 1025 1st St SE Unit 1002 is a home located in District of Columbia with nearby schools including Van Ness Elementary School, Jefferson Middle School Academy, and Eastern High School.

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