Seller's Agent in 2025
OMER RESHID
Keller Williams Capital Properties
(443) 955-8400
3 in this area
73 Total Sales
Velocity Condominiums 1025 1st St SE Unit 602 Washington, DC 20003
Navy Yard Neighborhood
1
Bed
1
Bath
787
Sq Ft
$516/mo
HOA Fee
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 2025Discover this pristine one-bedroom condo in the highly sought-after Velocity building, featuring a spacious balcony and a coveted oversized parking spot. This home boasts gleaming dark hardwood floors, stainless steel appliances, an in-unit washer and dryer, a large walk-in closet, and an upgraded kitchen with modern cabinetry and lighting.
Enjoy an amenity-rich lifestyle with secured entry, a rooftop pool, fitness center, resident lounge, and front desk concierge. The state-of-the-art fitness center, conveniently located on the first floor, is complemented by a 24/7 concierge, Amazon Hub package lockers, and a Dryy dry-cleaning service dropbox. For added convenience, the first floor also includes the trash room and freight elevator.
Located in the heart of the Navy Yard corridor, Velocity is just one block from the Navy Yard-Ballpark Metro station. Nationals Park is a 5-minute walk, and the waterfront is only three blocks away. With easy access to I-695 and I-395, you'll be perfectly positioned to enjoy the vibrant retail, restaurants, and entertainment options DC has to offer.
FHA and VA approved, pet-friendly, and steps from the city’s best restaurants—don’t miss your chance to live in one of DC’s most dynamic neighborhoods!
Last Agent to Sell the Property
Keller Williams Capital Properties Listed on: 01/15/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,987
Year Built
- Built in 2009
HOA Fees
- $516 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Entry on the 6th floor
- 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
- Assessor Parcel Number 0699/N/2059
Community Details
Overview
- 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
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
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
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
-$7,427
Avg. Annual Appreciation
-5.27%
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
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 |
|---|---|---|---|
| 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
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
-
OMER RESHID
-
Emran Mohammed
E
Seller Co-Listing Agent in 2025
Emran Mohammed
Keller Williams Capital Properties
1 in this area
4 Total Sales
-
Chad Morton
Buyer's Agent in 2025
Chad Morton
Jason Mitchell Group
(302) 373-5929
1 in this area
223 Total Sales
-
Jennifer Touchette
Seller's Agent in 2018
Jennifer Touchette
Compass
(202) 841-7782
1 in this area
170 Total Sales
-
Margaret Babbington
Buyer's Agent in 2018
Margaret Babbington
Compass
(202) 270-7462
6 in this area
528 Total Sales
-
Rachel Valentino
Seller's Agent in 2016
Rachel Valentino
Keller Williams Realty
(202) 270-6972
67 Total Sales
About Velocity Condominiums
Map
Source: Bright MLS
MLS Number: DCDC2174512
APN: 0699N-2059
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