NOT LISTED FOR SALE

Velocity Condominiums 1025 1st St SE Unit 702 Washington, DC 20003

Navy Yard Neighborhood

Estimated Value: $486,147 - $596,000

1 Bed
1 Bath
780 Sq Ft
$407/mo HOA Fee

Last Sold October 20, 2017

Last sale price $505,000 $647 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,616/month

Highlights

  • Concierge
  • 3-minute walk to Navy Yard
  • Open Floorplan
  • Fitness Center
  • Eat-In Gourmet Kitchen
  • 4-minute walk to Washington Canal Park

About This Home

As of May 2018

Beautiful 1BR/1BA condo w/ garage parking at The Velocity. Open living space featuring spacious kitchen w/granite counters/back splash, SS appliances & island. Floor to ceiling windows, hardwood floors, balcony. Building includes: concierge, gym & rooftop w/pool. Steps to metro, Nationals Park, shopping, restaurants & outdoor activities. In unit laundry, Available now!

Last Agent to Rent the Property

Sina Mollaan

Compass Listed on: 05/17/2018

Compass

Co-Listed By

Mrs. Kelly M S Balmer

Compass

Compass

Last Renter's Agent

Mrs. Kelly M S Balmer

Compass

Compass

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,128

Year Built

  • Built in 2009

Lot Details

  • Property is in very good condition

HOA Fees

  • $407 Monthly HOA Fees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 780 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Family Room Off Kitchen
  • Wood Flooring

Kitchen

  • Eat-In Gourmet Kitchen
  • Electric Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Subterranean Space
  • Parking Space Number Location: 13177

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,400
  • Tenant pays for electricity, water
  • Rent includes hoa/condo fee, parking
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 5/17/18
  • $40 Application Fee
  • Assessor Parcel Number 0699/N/2075

Community Details

Overview

  • Association fees include custodial services maintenance, exterior building maintenance, management, insurance, pool(s), reserve funds, snow removal, trash
  • High-Rise Condominium
  • Old City #1 Community
  • Old City #1 Subdivision
  • The community has rules related to moving in times

Amenities

  • Concierge
  • Common Area
  • Community Center
  • Party Room
  • Elevator

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Deposit $500

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,128

Year Built

Built in 2009

Lot Details

0

HOA Fees

$407 per month

Rental Info

  • Date Available: 2018-05-17
  • Application Fee: 40.00
  • Lease Term: 12 Months
  • Pet Deposit: 500.00
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Rent Includes: Hoa/Condo Fee, Parking
  • Security Deposit: 2400.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Electricity, Water
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 2009
  • Remarks Public: Beautiful 1BR/1BA condo w/ garage parking at The Velocity. Open living space featuring spacious kitchen w/granite counters/back splash, SS appliances & island. Floor to ceiling windows, hardwood floors, balcony. Building includes: concierge, gym & rooftop w/pool. Steps to metro, Nationals Park, shopping, restaurants & outdoor activities. In unit laundry, Available now!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Washer, Refrigerator, Oven/Range - Electric, Freezer, Microwave, Oven - Single
  • Interior Amenities: Family Room Off Kitchen, Combination Kitchen/Dining, Combination Kitchen/Living, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Combination Dining/Living, Kitchen - Eat-In, Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Floors 6-10
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 780
  • Living Area Sq Ft: 780
  • Price Per Sq Ft: 3.08
  • Above Grade Finished Sq Ft: 780
  • 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: 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: Garage, Assigned
  • Parking Space Number Assigned: 13177
  • Garage Features: Underground

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • 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: 406.82
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Community Center, Concierge, Elevator, Exercise Room, Party Room, Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Custodial Services Maintenance, Ext Bldg Maint, Management, Insurance, Pool(s), Reserve Funds, Snow Removal, Trash
  • HOA Condo Co-Op Rules: Moving In Times, Elevator Use
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Green Verification: No

Lot Info

  • Property Condition: Very Good

Tax Info

  • Assessor Parcel Number: 16165151
  • Assessor Parcel Number: 0699/N/2075
  • Tax Total Finished Sq Ft: 787
  • Close Date: 05/25/2018

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2017
Closed on
Oct 20, 2017
Sold by
Brealey Stephanie
Bought by
Norhashemi Idin and Norhashemi Yashar
Seller's Agent
Brent Jackson
TTR Sotheby's International Realty
Buyer's Agent
Sina Mollaan
Compass
List Price
$499,000
Sold Price
$505,000
Premium/Discount to List
$6,000
1.2%
Current Estimated Value
$525,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,787
Avg. Annual Appreciation
0.73%

Purchase Details

Closed on
Aug 30, 2011
Sold by
Square 699N Phase I Developer
Bought by
Brealey Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,500
Interest Rate
4.4%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Norhashemi Idin $505,000 Attorney
Brealey Stephanie $374,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brealey Stephanie $332,500
Previous Owner Brealey Stephanie $345,000
Previous Owner Brealey Stephanie $353,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2018 05/25/18 Rented $2,400 0.0% --
05/25/2018 05/25/18 Under Contract -- -- --
05/17/2018 05/17/18 For Rent $2,400 0.0% --
10/20/2017 10/20/17 Sold $505,000 +1.2% $647 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
10/05/2017 10/05/17 For Sale $499,000 -- $640 / 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 $4,128 $500,770 $150,230 $350,540
2023 $4,085 $495,260 $148,580 $346,680
2022 $4,056 $490,910 $147,270 $343,640
2021 $3,960 $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 $3,263 $383,850 $0 $0
2014 -- $356,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sina Mollaan

    Landlord's Agent in 2018

    Sina Mollaan

    Compass

    (202) 270-7462

    12 in this area

    676 Total Sales

    Sina Mollaan
    Section Image

  • M

    Landlord's Co-Listing Agent in 2018

    Mrs. Kelly M S Balmer

    Compass

    (202) 413-2469

    2 in this area

    122 Total Sales

    Mrs. Kelly M S Balmer
    Section Image
  • Brent Jackson

    Seller's Agent in 2017

    Brent Jackson

    TTR Sotheby's International Realty

    (202) 263-9200

    46 in this area

    285 Total Sales

    Brent Jackson
    Section Image
  • Robert Sanders

    Seller Co-Listing Agent in 2017

    Robert Sanders

    TTR Sotheby's International Realty

    (202) 744-6463

    44 in this area

    334 Total Sales

    Robert Sanders
    Section Image
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About Velocity Condominiums

Map

Source: Bright MLS

MLS Number: 1001491716

Bright MLS

APN: 0699N-2075

District of Columbia District of Columbia County Washington 20003 Navy Yard

1025 1st St SE Unit 702, Washington, DC

This home is located at 1025 1st St SE Unit 702, Washington, DC 20003 since 17 May 2018 and is currently priced at $525,787. This property was built in 2009. 1025 1st St SE Unit 702 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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