Velocity Condominiums 1025 1st St SE Unit 901 Washington, DC 20003
Navy Yard Neighborhood
1
Bed
1
Bath
895
Sq Ft
$473/mo
HOA Fee
Highlights
- Concierge
- 3-minute walk to Navy Yard
- Gourmet Kitchen
- Fitness Center
- 24-Hour Security
- 4-minute walk to Washington Canal Park
About This Home
As of January 2022It's Where You Want to Be!! Superbly located a short stroll from National Stadium, Navy/Ballpark Metro Station, Whole Foods, and Harris Teeter Grocery Stores, this 895 square foot (per public record) 1BR condo with a den is what modern City life is about and ideal for a young professional or a newly downsized retiree who wants to be where living life to the fullest or the least is always an option! Newly built in 2009 the condo sports a gourmet kitchen with Stainless Steel appliances, granite countertops/backsplash, and a large island with a counter for informal dining. It boasts floor-to-ceiling windows with privacy blinds, engineered wood floors, and a private balcony. The bathroom was completely remodeled recently with a huge walk-in shower with frameless glass doors. There's lots of bathroom storage and good sized washer/dryer in the closet. The electric furnace/CAC was new in late 2019. Pets are allowed and the condo has concrete between the levels so much quieter than older converted buildings. You are steps from the brisk elevator and have your own parking space in the garage that conveys with the unit and is close by the elevator there for convenience when shopping. The Velocity condominium is upscale in style and operation with the security of a 24-hour concierge at the front desk. There's a package delivery area, a beautifully landscaped heated rooftop pool with a barbecue area and outdoor grills, a recently expanded fitness center, and a well-appointed meeting/party room, There's also a children's play area. Enjoy rooftop views of Virginia and get all the exercise you need here. Explore the newly constructed Anacostia River Walk Trail or venture further to the Southwest Waterfront with concerts and restaurants aplenty to enjoy. This is a fabulous environment for the young and old alike in the heart of the Nation's vibrant Capital close by Capitol Hill, two wide rivers, and the most wonderful opportunity for living life as you want it!
Last Agent to Sell the Property
Long & Foster Real Estate, Inc. License #90067 Listed on: 12/03/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,312
Year Built
- Built in 2009
Lot Details
- Two or More Common Walls
- Downtown Location
- Property is in excellent condition
HOA Fees
- $473 Monthly HOA Fees
Parking
- Assigned parking located at #P3 176
- Lighted Parking
Property Views
- Courtyard
Home Design
- Contemporary Architecture
- Concrete Roof
Interior Spaces
- 895 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Insulated Windows
- Window Treatments
- Living Room
- Dining Room
- Den
- Wood Flooring
Kitchen
- Gourmet Kitchen
- Electric Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Kitchen Island
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- En-Suite Bathroom
- 1 Full Bathroom
Laundry
- Laundry in unit
- Front Loading Dryer
- Front Loading Washer
Home Security
Outdoor Features
- Exterior Lighting
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Water Dispenser
- Electric Water Heater
- Multiple Phone Lines
- Cable TV Available
Listing and Financial Details
- Tax Lot 2106
- Assessor Parcel Number 0699/N/2106
Community Details
Overview
- $500 Elevator Use Fee
- Association fees include common area maintenance, exterior building maintenance, insurance, management, parking fee, pool(s), recreation facility, reserve funds, snow removal, trash
- 523 Units
- High-Rise Condominium
- Velocity Condominium Condos, Phone Number (202) 488-3096
- The Velocity Condominium Community
- Navy Yard Subdivision
- Property Manager
Amenities
- Concierge
- Picnic Area
- Common Area
- Party Room
- Elevator
Recreation
Pet Policy
- Pets Allowed
- Pet Size Limit
Security
- 24-Hour Security
- Front Desk in Lobby
- Fire and Smoke Detector
- Fire Sprinkler System
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 3, 2021
Closed on
Jan 14, 2022
Sold by
Hess Edward R
Bought by
Edward Robert And Cynthia Ann Hess Family Tru and Ann Cynthia
Seller's Agent
David Maplesden
Long & Foster Real Estate, Inc.
Buyer's Agent
Greg Moss
Pearson Smith Realty, LLC
List Price
$565,000
Sold Price
$560,000
Premium/Discount to List
-$5,000
-0.88%
Total Days on Market
16
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
$630
Avg. Annual Appreciation
-0.38%
Original Mortgage
$532,000
Outstanding Balance
$495,911
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$56,718
Purchase Details
Listed on
Dec 3, 2021
Closed on
Jan 13, 2022
Sold by
Jonas Beth L
Bought by
Hess Edward R
Seller's Agent
David Maplesden
Long & Foster Real Estate, Inc.
Buyer's Agent
Greg Moss
Pearson Smith Realty, LLC
List Price
$565,000
Sold Price
$560,000
Premium/Discount to List
-$5,000
-0.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Outstanding Balance
$495,911
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$56,718
Purchase Details
Listed on
May 31, 2017
Closed on
Jul 17, 2017
Sold by
Wahrlich Brian M
Bought by
Jonas Beth L and Fried Michael W
Seller's Agent
Matthew Koerber
TTR Sotheby's International Realty
Buyer's Agent
David Maplesden
Long & Foster Real Estate, Inc.
List Price
$529,900
Sold Price
$533,000
Premium/Discount to List
$3,100
0.59%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.10%
Original Mortgage
$399,750
Interest Rate
3.89%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 12, 2012
Sold by
Square 699N Phase I Developer
Bought by
Wahrlich Brian M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,411
Interest Rate
3.91%
Mortgage Type
New Conventional
Similar Homes in Washington, DC
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 | -- | Allied Title & Escrow | |
| Deed | $560,000 | Old Republic Title | |
| Special Warranty Deed | $533,000 | Kvs Title Llc | |
| Warranty Deed | $395,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $532,000 | New Conventional | |
| Previous Owner | $399,750 | Commercial | |
| Previous Owner | $404,411 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2023 09/15/23 | Rented | $3,000 | 0.0% | -- |
| 08/11/2023 08/11/23 | For Rent | $3,000 | 0.0% | -- |
| 01/14/2022 01/14/22 | Sold | $560,000 | -0.9% | $626 / Sq Ft |
| 12/20/2021 12/20/21 | Pending | -- | -- | -- |
| 12/03/2021 12/03/21 | For Sale | $565,000 | +6.0% | $631 / Sq Ft |
| 07/17/2017 07/17/17 | Sold | $533,000 | +0.6% | $596 / Sq Ft |
| 06/14/2017 06/14/17 | Pending | -- | -- | -- |
| 05/31/2017 05/31/17 | For Sale | $529,900 | -- | $592 / 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 | $4,485 | $542,880 | $162,860 | $380,020 |
| 2023 | $4,432 | $536,170 | $160,850 | $375,320 |
| 2022 | $4,407 | $532,220 | $159,670 | $372,550 |
| 2021 | $4,313 | $520,700 | $156,210 | $364,490 |
| 2020 | $4,321 | $508,330 | $152,500 | $355,830 |
| 2019 | $4,146 | $487,820 | $146,350 | $341,470 |
| 2018 | $3,976 | $467,720 | $0 | $0 |
| 2017 | $3,908 | $459,770 | $0 | $0 |
| 2016 | $3,662 | $430,860 | $0 | $0 |
| 2015 | $3,701 | $435,380 | $0 | $0 |
| 2014 | -- | $404,530 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Nader Daou
Seller's Agent in 2023
Nader Daou
Century 21 Accent Homes
(703) 317-8000
16 Total Sales
-
datacorrect BrightMLS
d
Buyer's Agent in 2023
datacorrect BrightMLS
Non Subscribing Office
-
David Maplesden
Seller's Agent in 2022
David Maplesden
Long & Foster
(202) 270-7253
1 in this area
108 Total Sales
-
Elliot Barber
Seller Co-Listing Agent in 2022
Elliot Barber
Long & Foster
(240) 603-8401
1 in this area
126 Total Sales
-
Greg Moss
Buyer's Agent in 2022
Greg Moss
Pearson Smith Realty, LLC
(703) 705-2777
1 in this area
83 Total Sales
-
Matthew Koerber
Seller's Agent in 2017
Matthew Koerber
TTR Sotheby's International Realty
(202) 744-0139
4 in this area
123 Total Sales
About Velocity Condominiums
Map
Source: Bright MLS
MLS Number: DCDC2022228
APN: 0699N-2106
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