Seller's Agent in 2024
Jack Nix
Compass
(202) 657-1963
2 in this area
47 Total Sales
Velocity Condominiums 1025 1st St SE Unit 201 Washington, DC 20003
Navy Yard NeighborhoodEstimated Value: $529,000 - $644,621
2
Beds
2
Baths
1,029
Sq Ft
$675/ mo
HOA Fee
Highlights
- Concierge
- 3-minute walk to Navy Yard
- Community Pool
- Fitness Center
- Contemporary Architecture
- 3-minute walk to Washington Canal Park
About This Home
As of March 2024Located in the Navy Yard, one of Washington, DC's most sought-after neighborhoods, this beautiful one bedroom + DEN condo is a true gem. With new hardwood flooring throughout, the sun-drenched residence boasts a large living area framed by floor-to-ceiling windows. The open kitchen with modern, stainless steel appliances is perfect for those who love to entertain guests on a grand scale. The primary bedroom features a spacious walk-in closet and an ensuite bath, while the multifunctional den can be used as a home office or guest room. An additional full-sized bath and in-unit washer & dryer round out this lovely condo home. The Velocity is a full service luxury condo with front desk service. Enjoy stunning city views from the rooftop pool or work up a sweat in the building's exercise room. The club room and luscious courtyard are perfect for entertaining guests. For the ultimate convenience, a garage parking spot is included! The Washington Nationals ballpark is steps away as are grocery stores, restaurants, and a number of nightlife spots for a fun evening out on the town.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,201
Year Built
- Built in 2009
Lot Details
- 131
HOA Fees
- $675 Monthly HOA Fees
Parking
- Basement Garage
- On-Site Parking for Sale
Home Design
- 1,029 Sq Ft Home
- Contemporary Architecture
- Entry on the 2nd floor
- Brick Exterior Construction
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Central Air
- Heat Pump System
- Back Up Electric Heat Pump System
- Electric Water Heater
- Private Sewer
Additional Features
- Washer and Dryer Hookup
- Accessible Elevator Installed
Listing and Financial Details
- Tax Lot 2006
- Assessor Parcel Number 0699/N/2006
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, health club, parking fee, reserve funds, snow removal, trash
- High-Rise Condominium
- Old City #1 Community
- Navy Yard Subdivision
- Property has 7 Levels
Amenities
- Concierge
- Common Area
- Community Center
Recreation
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 17, 2024
Closed on
Feb 28, 2024
Sold by
Bamba Ravinder
Bought by
Lee Sydney
Seller's Agent
Jack Nix
Compass
Buyer's Agent
Keith Milne
Compass
List Price
$599,000
Sold Price
$622,000
Premium/Discount to List
$23,000
3.84%
Views
80
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,793
Avg. Annual Appreciation
-2.30%
Original Mortgage
$497,600
Outstanding Balance
$485,157
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$108,050
Purchase Details
Listed on
Apr 7, 2013
Closed on
May 28, 2013
Sold by
Sq 699N Phase I Developer Llc
Bought by
Bamba Ravinder
Seller's Agent
Vicki Johnston
Better Homes and Gardens Real Estate Premier
Buyer's Agent
David Getson
Compass
List Price
$454,900
Sold Price
$450,000
Premium/Discount to List
-$4,900
-1.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.05%
Original Mortgage
$279,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lee Sydney | $622,000 | Kvs Title | |
| Bamba Ravinder | $465,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lee Sydney | $497,600 | |
| Previous Owner | Bamba Ravinder | $279,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/06/2024 03/06/24 | Sold | $622,000 | +3.8% | $604 / Sq Ft | |
| 02/08/2024 02/08/24 | Pending | -- | -- | -- | |
| 01/17/2024 01/17/24 | For Sale | $599,000 | +33.1% | $582 / Sq Ft | |
| 05/28/2013 05/28/13 | Sold | $450,000 | -1.1% | $437 / Sq Ft | View Prior Sale |
| 04/27/2013 04/27/13 | Pending | -- | -- | -- | |
| 04/26/2013 04/26/13 | For Sale | $454,900 | 0.0% | $442 / Sq Ft | |
| 04/23/2013 04/23/13 | Pending | -- | -- | -- | |
| 04/07/2013 04/07/13 | For Sale | $454,900 | -- | $442 / Sq Ft |
Source: Bright MLS
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 |
|---|---|---|---|---|
| 2025 | $4,586 | $644,970 | $193,490 | $451,480 |
| 2024 | $5,295 | $638,110 | $191,430 | $446,680 |
| 2023 | $5,224 | $629,240 | $188,770 | $440,470 |
| 2022 | $5,201 | $625,590 | $187,680 | $437,910 |
| 2021 | $5,103 | $613,650 | $184,090 | $429,560 |
| 2020 | $5,091 | $598,930 | $179,680 | $419,250 |
| 2019 | $4,874 | $573,460 | $172,040 | $401,420 |
| 2018 | $4,362 | $549,850 | $0 | $0 |
| 2017 | $3,978 | $540,450 | $0 | $0 |
| 2016 | $3,686 | $505,310 | $0 | $0 |
| 2015 | $3,536 | $488,200 | $0 | $0 |
| 2014 | $3,225 | $449,580 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Nix
-
Trent Heminger
Seller Co-Listing Agent in 2024
Trent Heminger
Compass
(202) 210-6448
2 in this area
648 Total Sales
-
Keith Milne
Buyer's Agent in 2024
Keith Milne
Compass
(202) 306-3481
2 in this area
39 Total Sales
-
Vicki Johnston
Seller's Agent in 2013
Vicki Johnston
Better Homes and Gardens Real Estate Premier
(703) 283-3154
23 Total Sales
-
Chris Blakemore
Seller Co-Listing Agent in 2013
Chris Blakemore
McWilliams/Ballard Inc.
(703) 338-9014
56 Total Sales
-
David Getson
D
Buyer's Agent in 2013
David Getson
Compass
(202) 705-8800
111 Total Sales
About Velocity Condominiums
Map
Source: Bright MLS
MLS Number: DCDC2124724
APN: 0699N-2006
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