NOT LISTED FOR SALE

Velocity Condominiums 1025 1st St SE Unit 1010 Washington, DC 20003

Navy Yard Neighborhood

Estimated Value: $587,000 - $696,630

1 Bed
2 Baths
1,065 Sq Ft
131 Sq Ft Lot

Sale Details

Date Sold: October 20, 2021

Last sale price $749,000 $703 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $4,501 / mo

7 Days on Market

Highlights

  • Concierge
  • 3-minute walk to Navy Yard
  • Eat-In Gourmet Kitchen
  • Fitness Center
  • 24-Hour Security
  • 3-minute walk to Washington Canal Park

About This Home

As of October 2021

Delight in this sunny and splendid upper floor condo at The Velocity. This renovated one bedroom and den floor plan offers a spacious living room with a wall of floor-to-ceiling windows and a southern exposure for fantastic, all-day sunlight. Gray, flat-front cabinetry beautifully contrasts the white quartz countertops and subway tile backsplash to create this clean and modern kitchen. Luxurious touches include a deep apron sink, stainless steel appliances, and a large, marble slab island with bar seating. The primary bedroom has two large closets and an en-suite bathroom that features a walk-in shower, hex-tile floors, and matching washstands. In-unit Bosch washer and dryer are conveniently located in the laundry closet in this bathroom. A den (large enough to function as a guest bedroom or home office) is privately located on the opposite side of the apartment and has access to the second full bathroom. Storage space abounds with an additional walk-in closet in the den as well as a large coat closet in the entryway. Enjoy the fresh air on your private balcony or take advantage of the communal rooftop with pool, lounge and table seating, and grilling station. The Velocity has a staffed front desk, a newly renovated gym, community party room, and dog washing station. Garage parking (space P1-37) conveys.

Last Agent to Sell the Property

Matthew Koerber

(202) 234-3344 matt@mattkoerber.com TTR Sotheby's International Realty License #SP98376771 Listed on: 09/16/2021

TTR Sotheby's International Realty

Last Buyer's Agent

Mrs. Gloria Owens

(301) 423-6834 gloowens@comcast.net Murrell, Inc. License #SP00035243

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,441

Year Built

  • Built in 2009

Lot Details

  • Property is in excellent condition

HOA Fees

  • $563 Monthly HOA Fees

Parking

  • Assigned parking located at #37
  • Private Parking
  • Off-Street Parking
  • Parking Space Conveys
  • Secure Parking

Home Design

  • Contemporary Architecture
  • Entry on the 10th floor
  • Brick Exterior Construction

Interior Spaces

  • 1,065 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Dining Area
  • Den

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Front Loading Dryer
  • Front Loading Washer

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Vented Exhaust Fan
  • Tankless Water Heater

Listing and Financial Details

  • Tax Lot 2131
  • Assessor Parcel Number 0699/N/2131

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, insurance, management, parking fee, pool(s), reserve funds, sewer, snow removal, trash
  • High-Rise Community
  • The Velocity Condominium Condos
  • Old City #1 Community
  • Navy Yard Subdivision
  • Property Manager

Amenities

  • Concierge
  • Doorman
  • Party Room
  • Elevator

Recreation

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,441

Year Built

Built in 2009

Lot Details

131 Sq Ft Lot

HOA Fees

$563 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2009
  • Assigned Parking Space Numbers: 37
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer - Front Loading, Exhaust Fan, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Washer - Front Loading
  • Entry Floor: 10
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s)
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room List: Primary Bedroom, Den
  • Basement: No
  • Laundry Type: Has Laundry, Main Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1065
  • Living Area Sq Ft: 1065
  • Price Per Sq Ft: 703.29
  • Above Grade Finished Sq Ft: 1065
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Limited Common Elements, Parking Space Conveys, Private, Secure Parking
  • Garage Features: Underground
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street, Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Central
  • Heating: Yes
  • Hot Water: Tankless
  • Security: 24 Hour Security, Doorman
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 563.39
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Velocity Condominium
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Fitness Center, Party Room, Pool - Outdoor, Reserved/Assigned Parking, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Insurance, Management, Parking Fee, Pool(s), Reserve Funds, Sewer, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 378500.00
  • Land Assessed Value: 162220.00
  • Property Condition: Excellent
  • Soil Types: Urban Land Not Rated
  • Zoning: D-5
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 16165095
  • Tax Annual Amount: 4441.00
  • Assessor Parcel Number: 0699/N/2131
  • Tax Lot: 2131
  • Tax Year: 2015

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Oct 18, 2021
Sold by
Bought by
Seller's Agent
Matthew Koerber
TTR Sotheby's International Realty
Buyer's Agent
Mrs. Gloria Owens
Murrell, Inc.
List Price
$749,000
Sold Price
$749,000
Current Estimated Value
$654,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$94,592
Avg. Annual Appreciation
-2.82%
Original Mortgage
$711,550
Outstanding Balance
$647,458
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$6,950

Purchase Details

Listed on
Jun 16, 2016
Closed on
Jul 22, 2016
Sold by
Bought by
Seller's Agent
Yianni Konstantopoulos
TTR Sotheby's International Realty
Buyer's Agent
Jeffrey Taylor
TTR Sotheby's International Realty
List Price
$609,999
Sold Price
$600,000
Premium/Discount to List
-$9,999
-1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Original Mortgage
$480,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,000
Interest Rate
3.56%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$749,000 New Title Company Name
$600,000 Avenue Stlmnt Corporation
$518,900 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $711,550
Previous Owner $480,000
Previous Owner $467,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/20/2021 10/20/21 Sold $749,000 0.0% $703 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $749,000 0.0% $703 / Sq Ft
03/28/2019 03/28/19 Rented $3,300 -4.3% --
03/22/2019 03/22/19 Under Contract -- -- --
03/01/2019 03/01/19 For Rent $3,450 0.0% --
07/22/2016 07/22/16 Sold $600,000 -1.6% $563 / Sq Ft View Prior Sale
06/25/2016 06/25/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $609,999 -- $573 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,083 $703,480 $211,040 $492,440
2024 $5,047 $695,980 $208,790 $487,190
2023 $4,940 $679,850 $203,950 $475,900
2022 $4,909 $670,050 $201,010 $469,040
2021 $4,828 $657,690 $197,310 $460,380
2020 $4,812 $641,780 $192,530 $449,250
2019 $4,584 $614,150 $184,240 $429,910
2018 $4,382 $588,860 $0 $0
2017 $4,303 $578,740 $0 $0
2016 $4,596 $540,720 $0 $0
2015 $4,442 $522,530 $0 $0
2014 $4,090 $481,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Koerber

    Seller's Agent in 2021

    Matthew Koerber

    TTR Sotheby's International Realty

    (202) 744-0139

    4 in this area

    117 Total Sales

    Matthew Koerber
    Section Image

  • M

    Buyer's Agent in 2021

    Mrs. Gloria Owens

    Murrell, Inc.

    (202) 236-1986

    1 in this area

    9 Total Sales

    Mrs. Gloria Owens
    Section Image
  • Jeffrey Taylor

    Seller's Agent in 2019

    Jeffrey Taylor

    TTR Sotheby's International Realty

    (979) 777-3865

    1 Total Sale

    Jeffrey Taylor
    Section Image
  • Yianni Konstantopoulos

    Seller's Agent in 2016

    Yianni Konstantopoulos

    TTR Sotheby's International Realty

    (202) 957-3339

    121 Total Sales

    Yianni Konstantopoulos
    Section Image
See All Agents

About Velocity Condominiums

Map

Source: Bright MLS

MLS Number: DCDC2014088

Bright MLS

APN: 0699N-2131

District of Columbia District of Columbia County Washington 20003 Navy Yard

1025 1st St SE Unit 1010, Washington, DC

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