$505,000
SOLD AUG 10, 2018

Velocity Condominiums 1025 1st St SE Unit 602 Washington, DC 20003

Navy Yard Neighborhood
1 Bed
1 Bath
787 Sq Ft
$408/mo HOA Fee

Recently Sold

$642 Per Sq Ft

1% Above List Price

Highlights

  • Concierge
  • 3-minute walk to Navy Yard
  • 24-Hour Security
  • Bar or Lounge
  • Fitness Center
  • 4-minute walk to Washington Canal Park

About This Home

As of May 2025

Open houses cancelled. Beautiful one bedroom unit at the popular Velocity + balcony and large parking spot! Close to Nats Field. Pristine dark HW floors, S/S appliances, in unit W/D, large WIC & upgraded kitchen cabinets and lighting. Amenity-rich building has secured entry, front desk concierge, rooftop pool, fitness center & lounge. Steps to best restaurants. FHA and VA Approved. Pet friendly.

Last Agent to Sell the Property

Jennifer Touchette

Compass Listed on: 07/06/2018

Compass

Last Buyer's Agent

Margaret Babbington

Compass License #sp98368959

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,987

Year Built

  • Built in 2009

Lot Details

  • Property is in very good condition

HOA Fees

  • $408 Monthly HOA Fees

Parking

  • 1 Subterranean Space

Home Design

  • Contemporary Architecture
  • Brick Front

Interior Spaces

  • 787 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Double Pane Windows
  • Window Treatments
  • Family Room Off Kitchen
  • Wood Flooring
  • Home Security System
  • Stacked Washer and Dryer

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 36 inches wide or more

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2059
  • Assessor Parcel Number 0699/N/2059

Community Details

Overview

  • Moving Fees Required
  • Association fees include common area maintenance, exterior building maintenance, management, insurance, pool(s), reserve funds, snow removal, trash, water
  • High-Rise Condominium
  • Old City #1 Community
  • Navy Yard Subdivision
  • The community has rules related to moving in times

Amenities

  • Concierge
  • Common Area
  • Community Center
  • Meeting Room
  • Party Room
  • Bar or Lounge

Recreation

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,987

Year Built

Built in 2009

Lot Details

0

HOA Fees

$408 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator, 36"+ Wide Halls
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2018-07-06
  • Year Built: 2009
  • Remarks Public: Open houses cancelled. Beautiful one bedroom unit at the popular Velocity + balcony and large parking spot! Close to Nats Field. Pristine dark HW floors, S/S appliances, in unit W/D, large WIC & upgraded kitchen cabinets and lighting. Amenity-rich building has secured entry, front desk concierge, rooftop pool, fitness center & lounge. Steps to best restaurants. FHA and VA Approved. Pet friendly.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Disposal, Microwave
  • Interior Amenities: Family Room Off Kitchen, Breakfast Area, Kitchen - Island, Kitchen - Gourmet, Upgraded Countertops, Window Treatments, Wood Floors, Floor Plan - Open
  • Window Features: Double Pane
  • Fireplace: No
  • Entry Location: Floors 6-10
  • Levels Count: 1
  • Room List: Kitchen, Family Room
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 787
  • Living Area Sq Ft: 787
  • Price Per Sq Ft: 635.20
  • Above Grade Finished Sq Ft: 787
  • 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
  • Construction Materials: Brick Front, Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned, Garage
  • Garage Features: Underground

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Desk In Lobby, Smoke Detector, Security System, Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 408.03
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Bar/Lounge, Common Grounds, Community Center, Elevator, Fitness Center, Meeting Room, Party Room, Pool - Outdoor, Security, Concierge
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Insurance, Pool(s), Reserve Funds, Snow Removal, Trash, Water
  • HOA Condo Co-Op Rules: Elevator Use, Moving Fees Required, Moving In Times, Pets - Allowed
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950

Lot Info

  • Improvement Assessed Value: 301850.00
  • Land Assessed Value: 129360.00
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Year Assessed: 2017
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16165172
  • Tax Annual Amount: 2986.72
  • Assessor Parcel Number: 0699/N/2059
  • Tax Lot: 2059
  • Tax Total Finished Sq Ft: 787
  • Tax Year: 2017
  • Close Date: 08/10/2018

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2025
Closed on
May 8, 2025
Sold by
Carcacappa Richard L
Bought by
Scott Logan
Seller's Agent
OMER RESHID
Keller Williams Capital Properties
Buyer's Agent
Chad Morton
Jason Mitchell Group
List Price
$524,999
Sold Price
$530,000
Premium/Discount to List
$5,001
0.95%
Views
60

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.59%
Original Mortgage
$541,395
Outstanding Balance
$541,395
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$21,335

Purchase Details

Listed on
Jul 6, 2018
Closed on
Aug 10, 2018
Sold by
Nanna Gregory James
Bought by
Caracappa Richard L
Seller's Agent
Jennifer Touchette
Compass
Buyer's Agent
Margaret Babbington
Compass
List Price
$499,900
Sold Price
$505,000
Premium/Discount to List
$5,100
1.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.72%
Original Mortgage
$404,000
Interest Rate
4.5%

Purchase Details

Listed on
Nov 30, 2016
Closed on
Dec 29, 2016
Sold by
Mccurry Troy A
Bought by
Nanna Gregory James
Seller's Agent
Rachel Valentino
Keller Williams Realty
Buyer's Agent
Jennifer Touchette
Compass
List Price
$449,900
Sold Price
$455,000
Premium/Discount to List
$5,100
1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.69%

Purchase Details

Closed on
Apr 18, 2011
Sold by
Square 699N Phase I Developer
Bought by
Mccurry Troy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,076
Interest Rate
3.25%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $530,000 None Listed On Document
Special Warranty Deed $505,000 Kvs Title Llc
Special Warranty Deed $455,000 Kvs Title Llc
Warranty Deed $352,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $541,395 New Conventional
Previous Owner $390,650 New Conventional
Previous Owner $396,500 New Conventional
Previous Owner $404,000 No Value Available
Previous Owner $317,000 Adjustable Rate Mortgage/ARM
Previous Owner $343,076 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 Sold $530,000 +1.0% $673 / Sq Ft
01/15/2025 01/15/25 For Sale $524,999 +4.0% $667 / Sq Ft
08/10/2018 08/10/18 Sold $505,000 +1.0% $642 / Sq Ft
07/06/2018 07/06/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $499,900 +9.9% $635 / Sq Ft
12/30/2016 12/30/16 Sold $455,000 +1.1% $578 / Sq Ft
12/03/2016 12/03/16 Pending -- -- --
11/30/2016 11/30/16 For Sale $449,900 -- $572 / 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 $3,388 $500,770 $150,230 $350,540
2023 $3,371 $495,260 $148,580 $346,680
2022 $3,387 $490,910 $147,270 $343,640
2021 $3,311 $479,150 $143,740 $335,410
2020 $3,332 $467,680 $140,300 $327,380
2019 $3,187 $449,760 $134,930 $314,830
2018 $3,042 $431,210 $0 $0
2017 $2,987 $423,830 $0 $0
2016 $2,772 $397,850 $0 $0
2015 $2,656 $383,850 $0 $0
2014 $2,435 $356,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2025

    OMER RESHID

    Keller Williams Capital Properties

  • E

    Seller Co-Listing Agent in 2025

    Emran Mohammed

    Keller Williams Capital Properties

  • C

    Buyer's Agent in 2025

    Chad Morton

    Jason Mitchell Group

  • J

    Seller's Agent in 2018

    Jennifer Touchette

    Compass

  • M

    Buyer's Agent in 2018

    Margaret Babbington

    Compass

  • R

    Seller's Agent in 2016

    Rachel Valentino

    Keller Williams Realty

See All Agents

About Velocity Condominiums

Map

Source: Bright MLS

MLS Number: 1001987862

Bright MLS

APN: 0699N-2059

District of Columbia District of Columbia County Washington 20003 Navy Yard

1025 1st St SE Unit 602, Washington, DC

This home is located at 1025 1st St SE Unit 602, Washington, DC 20003 and is currently priced at $505,000, approximately $641 per square foot. This property was built in 2009. 1025 1st St SE Unit 602 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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