NOT LISTED FOR SALE

Velocity Condominiums 1025 1st St SE Unit 1014 Washington, DC 20003

Navy Yard Neighborhood

Estimated Value: $518,000 - $625,000

1 Bed
1 Bath
847 Sq Ft
2009 Built

Last Sold May 17, 2018

Last sale price $490,000 $579 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,277/month

Highlights

  • Contemporary Architecture
  • 3-minute walk to Navy Yard
  • Halls are 48 inches wide or more
  • Community Pool
  • Assigned Subterranean Space
  • 4-minute walk to Washington Canal Park

About This Home

As of May 2023

Welcome to Velocity, one of the most sought after condo building in the city. This property is perfectly situated 4 blocks from Nationals Ballpark, 2blocks from the Navy Yard Metro and only a short walk to Capitol Hill and The Wharf. This 1 bedroom, east facing unit boasts hardwood floors throughout the kitchen and living area, stainless steel appliances and blankets of natural sunlight. Velocity offers every amenity one can hope for, from the 24 hour concierge to the rooftop pool. Additional amenities include a re entry remodeled fitness center, dog wash and rooftop grilling. This rental comes with one garage parking space. Pets permitted on case by case basis.

Last Agent to Rent the Property

Jay Portlance

TTR Sotheby's International Realty License #666174 Listed on: 03/14/2023

TTR Sotheby's International Realty

Last Renter's Agent

DIANNE VANDIVIER

Long & Foster Real Estate, Inc. License #0225236204

Long & Foster Real Estate, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,658

Year Built

  • Built in 2009

Parking

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 847 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Halls are 48 inches wide or more
  • Property is in excellent condition

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,400
  • $250 Move-In Fee
  • Tenant pays for all utilities
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 5/1/23
  • $35 Application Fee
  • Assessor Parcel Number 0699/N/2135

Community Details

Overview

  • High-Rise Condominium
  • Old City #1 Community
  • Navy Yard Subdivision

Recreation

Pet Policy

  • $50 Monthly Pet Rent
  • Dogs Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,658

Year Built

Built in 2009

Lot Details

0

Parking

1

Rental Info

  • Date Available: 2023-05-01
  • Application Fee: 35.00
  • Monthly Pet Rent: 50.00
  • Pets: Dogs Ok
  • Pets Allowed: Yes
  • Security Deposit: 2400.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Utilities - All
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Move In Fee: 250.00
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: 48"+ Halls
  • New Construction: No
  • Story List: Main
  • Year Built: 2009
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to Velocity, one of the most sought after condo building in the city. This property is perfectly situated 4 blocks from Nationals Ballpark, 2blocks from the Navy Yard Metro and only a short walk to Capitol Hill and The Wharf. This 1 bedroom, east facing unit boasts hardwood floors throughout the kitchen and living area, stainless steel appliances and blankets of natural sunlight. Velocity offers every amenity one can hope for, from the 24 hour concierge to the rooftop pool. Additional amenities include a re entry remodeled fitness center, dog wash and rooftop grilling. This rental comes with one garage parking space. Pets permitted on case by case basis.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 10
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 847
  • Living Area Sq Ft: 847
  • Price Per Sq Ft: 2.83
  • Above Grade Finished Sq Ft: 847
  • 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, Below Grade
  • Construction Materials: Brick, Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Underground
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Lot Size Units: Square Feet
  • Lot Sq Ft: 115.00
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL

Tax Info

  • Assessor Parcel Number: 0699/N/2135
  • Tax Total Finished Sq Ft: 847
  • Close Date: 05/01/2023

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2021
Sold by
Murray Stephen
Bought by
Murray Stephen and Charbonneau Carrie
Current Estimated Value
$545,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 5, 2018
Closed on
May 17, 2018
Sold by
Nzakimuena Kareen
Bought by
Murray Stephen
Seller's Agent
Robert Sanders
TTR Sotheby's International Realty
Buyer's Agent
Jay Portlance
TTR Sotheby's International Realty
List Price
$525,000
Sold Price
$490,000
Premium/Discount to List
-$35,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.76%
Original Mortgage
$490,000
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Jul 17, 2013
Sold by
Sq 699N Phase I Developer Llc
Bought by
Nzakimuena Kareen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,905
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

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
Murray Stephen -- Mortgage Connect, Lp
Murray Stephen $490,000 Kvs Title Llc
Nzakimuena Kareen $429,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murray Stephen $477,000
Previous Owner Murray Stephen $483,378
Previous Owner Murray Stephen $490,000
Previous Owner Nzakimuena Kareen $35,000
Previous Owner Nzakimuena Kareen $407,905
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Rented $2,400 0.0% --
03/21/2023 03/21/23 Under Contract -- -- --
03/14/2023 03/14/23 For Rent $2,400 0.0% --
05/17/2018 05/17/18 Sold $490,000 -6.7% $594 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $525,000 -- $636 / 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 $3,658 $532,600 $159,780 $372,820
2023 $3,590 $521,110 $156,330 $364,780
2022 $3,567 $512,100 $153,630 $358,470
2021 $3,493 $500,600 $150,180 $350,420
2020 $3,478 $484,820 $145,450 $339,370
2019 $3,324 $465,920 $139,780 $326,140
2018 $3,485 $446,730 $0 $0
2017 $3,716 $437,200 $0 $0
2016 $3,457 $406,700 $0 $0
2015 $3,575 $420,580 $0 $0
2014 $3,322 $390,790 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jay Portlance

    Landlord's Agent in 2023

    Jay Portlance

    TTR Sotheby's International Realty

    (301) 346-0424

    7 in this area

    89 Total Sales

    Jay Portlance
    Section Image
  • DIANNE VANDIVIER

    Tenant's Agent in 2023

    DIANNE VANDIVIER

    Long & Foster

    (202) 550-4949

    12 Total Sales

    DIANNE VANDIVIER
    Section Image
  • Robert Sanders

    Seller's Agent in 2018

    Robert Sanders

    TTR Sotheby's International Realty

    (202) 744-6463

    44 in this area

    334 Total Sales

    Robert Sanders
    Section Image
  • Brent Jackson

    Seller Co-Listing Agent in 2018

    Brent Jackson

    TTR Sotheby's International Realty

    (202) 263-9200

    46 in this area

    286 Total Sales

    Brent Jackson
    Section Image
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About Velocity Condominiums

Map

Source: Bright MLS

MLS Number: DCDC2086488

Bright MLS

APN: 0699N-2135

District of Columbia District of Columbia County Washington 20003 Navy Yard

1025 1st St SE Unit 1014, Washington, DC

This home is located at 1025 1st St SE Unit 1014, Washington, DC 20003 since 14 March 2023 and is currently priced at $545,389. This property was built in 2009. 1025 1st St SE Unit 1014 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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