Seller's Agent in 2020
Jay Portlance
TTR Sotheby's International Realty
(301) 346-0424
7 in this area
89 Total Sales
Velocity Condominiums 1025 1st St SE Unit 506 Washington, DC 20003
Navy Yard Neighborhood
2
Beds
2
Baths
1,350
Sq Ft
$714/mo
HOA Fee
Highlights
- Concierge
- 3-minute walk to Navy Yard
- Community Pool
- Fitness Center
- Contemporary Architecture
- 4-minute walk to Washington Canal Park
About This Home
As of September 2020Flooded with natural sunlight all day, there isn't a brighter condo than this southwest facing 2 bedroom. Highlighted with hardwood flooring throughout the living room, kitchen and foyer, a bistro balcony, and stainless steel appliances in the kitchen. Velocity Condominiums offer countless conveniences such as a roof-top pool, recently updated gym and a 24-hour concierge. Conveniently located a short walk to Whole Foods, countless restaurants and bars, and the Navy Yard metro station. Only 3 blocks to the Nationals Ballpark! Don't pass up the opportunity to live in one of the most exclusive, most sought after, and most convenient condos in DC.
Last Agent to Sell the Property
(301) 346-0424 jay@portlanceproperties.com TTR Sotheby's International Realty License #666174 Listed on: 07/22/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,165
Year Built
- Built in 2009
HOA Fees
- $714 Monthly HOA Fees
Parking
- 1 Car Direct Access Garage
- Basement Garage
Home Design
- Contemporary Architecture
- Entry on the 5th floor
Interior Spaces
- 1,350 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Accessible Home Design
- Accessible Elevator Installed
- Halls are 36 inches wide or more
- Ramp on the main level
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Private Sewer
Listing and Financial Details
- Tax Lot 2047
- Assessor Parcel Number 0699/N/2047
Community Details
Overview
- Association fees include common area maintenance, pool(s), reserve funds
- High-Rise Condominium
- Velocity Condos
- Velocity Condominiums Community
- Navy Yard Subdivision
Amenities
- Concierge
- Meeting Room
Recreation
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 5, 2020
Closed on
Sep 30, 2020
Sold by
Felling Matthew Tate and Felling Christin H
Bought by
Rose Eric L and Flemming Andrea
Seller's Agent
Jay Portlance
TTR Sotheby's International Realty
Buyer's Agent
Hovick Suleymanian
Samson Properties
List Price
$799,900
Sold Price
$810,000
Premium/Discount to List
$10,100
1.26%
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
$5,506
Avg. Annual Appreciation
-0.10%
Original Mortgage
$765,500
Outstanding Balance
$688,520
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$117,576
Purchase Details
Listed on
Jun 2, 2016
Closed on
Jul 25, 2016
Sold by
Levy Kimberly Hope and Caine Rufus L
Bought by
Felling Matthew Tate and Felling Christin H
Seller's Agent
Chris Burns
TTR Sotheby's International Realty
Buyer's Agent
Yianni KONSTANTOPOULOS
TTR Sotheby's International Realty
List Price
$699,999
Sold Price
$710,000
Premium/Discount to List
$10,001
1.43%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%
Original Mortgage
$568,000
Interest Rate
3.54%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 31, 2010
Sold by
Square 699N Phase I Developer
Bought by
Levy Kimberly Hope and Caine Rufus L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,080
Interest Rate
4.5%
Mortgage Type
FHA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $810,000 | Stewart Title Guaranty Co | |
| Special Warranty Deed | $710,000 | None Available | |
| Warranty Deed | $596,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $765,500 | New Conventional | |
| Previous Owner | $568,000 | New Conventional | |
| Previous Owner | $588,080 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2020 09/30/20 | Sold | $810,000 | 0.0% | $600 / Sq Ft |
| 09/30/2020 09/30/20 | Sold | $810,000 | +1.3% | $600 / Sq Ft |
| 08/19/2020 08/19/20 | Pending | -- | -- | -- |
| 08/05/2020 08/05/20 | For Sale | $799,900 | -1.2% | $593 / Sq Ft |
| 08/05/2020 08/05/20 | Off Market | $810,000 | -- | -- |
| 07/22/2020 07/22/20 | For Sale | $859,900 | +21.1% | $637 / Sq Ft |
| 07/25/2016 07/25/16 | Sold | $710,000 | +1.4% | $526 / Sq Ft |
| 06/11/2016 06/11/16 | Pending | -- | -- | -- |
| 06/02/2016 06/02/16 | For Sale | $699,999 | -- | $519 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,578 | $758,470 | $227,540 | $530,930 |
| 2023 | $5,499 | $745,690 | $223,710 | $521,980 |
| 2022 | $5,535 | $743,670 | $223,100 | $520,570 |
| 2021 | $5,470 | $733,210 | $219,960 | $513,250 |
| 2020 | $5,444 | $716,150 | $214,840 | $501,310 |
| 2019 | $5,166 | $682,580 | $204,770 | $477,810 |
| 2018 | $4,940 | $654,520 | $0 | $0 |
| 2017 | $4,855 | $643,630 | $0 | $0 |
| 2016 | $5,098 | $599,810 | $0 | $0 |
| 2015 | $4,932 | $580,230 | $0 | $0 |
| 2014 | $4,670 | $549,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Portlance
-
Hovick Suleymanian
Buyer's Agent in 2020
Hovick Suleymanian
Samson Properties
(202) 847-5573
2 in this area
119 Total Sales
-
Chris Burns
Seller's Agent in 2016
Chris Burns
TTR Sotheby's International Realty
(202) 251-7465
203 Total Sales
-
Yianni KONSTANTOPOULOS
Y
Buyer's Agent in 2016
Yianni KONSTANTOPOULOS
TTR Sotheby's International Realty
(202) 957-3339
146 Total Sales
About Velocity Condominiums
Map
Source: Bright MLS
MLS Number: DCDC474296
APN: 0699N-2047
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