NOT LISTED FOR SALE

Velocity Condominiums 1025 1st St SE Unit 1302 Washington, DC 20003

Navy Yard Neighborhood

Estimated Value: $486,000 - $567,000

1 Bed
1 Bath
787 Sq Ft
131 Sq Ft Lot Lot

Sale Details

Date Sold: July 21, 2022

Last sale price $535,000 $680 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,467 / mo

4 Days on Market

Highlights

  • Concierge
  • 3-minute walk to Navy Yard
  • Courtyard Views
  • Fitness Center
  • Contemporary Architecture
  • 3-minute walk to Washington Canal Park

About This Home

As of July 2022

Velocity philosophy, an urban odyssey, lifestyle ease, upper floor please, loaded with light, a wall of glass, your minds' eye takes flight in fair aired ceiling height. A stunning and wallet-friendly flat that is so city central, so cocooned by recreational options that you might overlook the endless list of building amenities including a rooftop terrace with heated pool, grills and monumental views. 24 hour concierge, meeting rooms, children's playroom, newly renovated gym, even a dog-washing station. Yup! Pups allowed. Yours is barking for off-street garage parking..

Last Agent to Sell the Property

Thomas Faison

(202) 547-3525 dana.hill@cbmove.com Coldwell Banker Realty - Washington Listed on: 06/22/2022

Coldwell Banker Realty - Washington

Co-Listed By

Justin Tanner

(202) 547-5600 justin@realestateindc.com RE/MAX Allegiance

Last Buyer's Agent

Matthew Leighton

(844) 551-7325 dmvbroker@therealbrokerage.com Real Broker, LLC License #0225206552

Real Broker, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,959

Year Built

  • Built in 2009

Lot Details

  • 131

HOA Fees

  • $428 Monthly HOA Fees

Parking

Home Design

  • Contemporary Architecture
  • Entry on the 13th floor

Interior Spaces

  • 787 Sq Ft Home
  • Property has 1 Level
  • Courtyard Views
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Schools

  • Van Ness Elementary School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2171
  • Assessor Parcel Number 0699/N/2015

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, insurance, pool(s), recreation facility, sewer, snow removal, trash
  • High-Rise Community
  • Legum & Norman Condos
  • Velocity Capitol Riverfront Community
  • Navy Yard Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Party Room
  • Elevator

Recreation

  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,959

Year Built

Built in 2009

Lot Details

131 Sq Ft Lot

HOA Fees

$428 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
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 2009
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 13
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 787
  • Living Area Sq Ft: 787
  • Price Per Sq Ft: 692.50
  • Above Grade Finished Sq Ft: 787
  • Above Grade Finished Area Units: Square Feet

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: Concrete
  • View: Courtyard
  • 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: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 427.80
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Legum & Norman
  • HOA Condo Co-Op Amenities: Common Grounds, Concierge, Elevator, Exercise Room, Party Room, Pool - Outdoor, Security, Bike Trail
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Insurance, Pool(s), Recreation Facility, Sewer, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: VAN NESS

Lot Info

  • Improvement Assessed Value: 343640.00
  • Land Assessed Value: 147270.00
  • Soil Types: Unknown
  • Zoning: D-5
  • In City Limits: Yes

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 16165056
  • Tax Annual Amount: 3959.00
  • Assessor Parcel Number: 0699/N/2015
  • Tax Lot: 2171
  • Tax Year: 2021

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
Jun 22, 2022
Closed on
Jul 21, 2022
Sold by
Bought by
Seller's Agent
Thomas Faison
Coldwell Banker Realty - Washington
Buyer's Agent
Matthew Leighton
Real Broker, LLC
List Price
$545,000
Sold Price
$535,000
Premium/Discount to List
-$10,000
-1.83%
Current Estimated Value
$511,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,369
Avg. Annual Appreciation
-1.14%
Original Mortgage
$428,000
Outstanding Balance
$407,102
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$104,529

Purchase Details

Listed on
May 2, 2012
Closed on
Aug 14, 2012
Sold by
Bought by
Seller's Agent
Vicki Johnston
Better Homes and Gardens Real Estate Premier
Buyer's Agent
Bradford Deel
RLAH @properties
List Price
$398,900
Sold Price
$398,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.00%
Original Mortgage
$407,476
Interest Rate
3.67%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
$535,000 None Listed On Document
$398,900 --
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 $428,000
Previous Owner $407,476
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
07/21/2022 07/21/22 Sold $535,000 -1.8% $680 / Sq Ft
06/22/2022 06/22/22 For Sale $545,000 +36.6% $693 / Sq Ft
08/14/2012 08/14/12 Sold $398,900 0.0% $507 / Sq Ft View Prior Sale
07/02/2012 07/02/12 Pending -- -- --
05/02/2012 05/02/12 For Sale $398,900 -- $507 / 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 $3,368 $501,700 $150,510 $351,190
2024 $3,388 $500,770 $150,230 $350,540
2023 $3,371 $495,260 $148,580 $346,680
2022 $3,721 $490,910 $147,270 $343,640
2021 $3,960 $479,150 $143,740 $335,410
2020 $3,975 $467,680 $140,300 $327,380
2019 $3,823 $449,760 $134,930 $314,830
2018 $3,665 $431,210 $0 $0
2017 $3,603 $423,830 $0 $0
2016 $2,772 $397,850 $0 $0
2015 $2,929 $415,930 $0 $0
2014 $2,689 $386,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Faison

    Seller's Agent in 2022

    Thomas Faison

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (202) 255-5554

    2 in this area

    105 Total Sales

    Thomas Faison
    Section Image
  • Justin Tanner

    Seller Co-Listing Agent in 2022

    Justin Tanner

    RE/MAX

    (202) 957-0920

    2 in this area

    134 Total Sales

    Justin Tanner
    Section Image
  • Matthew Leighton

    Buyer's Agent in 2022

    Matthew Leighton

    Real Broker, LLC

    (703) 472-0574

    1 in this area

    183 Total Sales

    Matthew Leighton
    Section Image
  • Vicki Johnston

    Seller's Agent in 2012

    Vicki Johnston

    Better Homes and Gardens Real Estate Premier

    (703) 283-3154

    23 Total Sales

    Vicki Johnston
    Section Image

  • B

    Buyer's Agent in 2012

    Bradford Deel

    Real Living at Home

    (202) 577-5833

    5 Total Sales

    Bradford Deel
    Section Image
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About Velocity Condominiums

Map

Source: Bright MLS

MLS Number: DCDC2055488

Bright MLS

APN: 0699N-2171

District of Columbia District of Columbia County Washington 20003 Navy Yard

1025 1st St SE Unit 1302, Washington, DC

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