$533,000
SOLD JUL 17, 2017

Velocity Condominiums 1025 1st St SE Unit 901 Washington, DC 20003

Navy Yard Neighborhood
1 Bed
1 Bath
895 Sq Ft
$463/mo HOA Fee

Recently Sold

$596 Per Sq Ft

1% Above List Price

13 Days on Market

Highlights

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

About This Home

As of January 2022

1 bedroom + den at The Velocity. Gourmet kitchen w/ SS appliances, granite countertops/backsplash, & large island. Living area boasts floor to ceiling windows, hardwood floors, & built-in surround sound. Includes private balcony & garage parking. Building amenities: rooftop pool, fitness & party rooms, and 24-hr concierge. Steps to Metro, Nationals Park, and upcoming Whole Foods. Open Sunday 1-3.

Last Agent to Sell the Property

Matthew Koerber

TTR Sotheby's International Realty License #SP98376771 Listed on: 05/31/2017

TTR Sotheby's International Realty

Last Buyer's Agent

David Maplesden

Long & Foster Real Estate, Inc. License #90067

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,662

Year Built

  • Built in 2009

Lot Details

  • Property is in very good condition

HOA Fees

  • $463 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Concrete Roof

Interior Spaces

  • 895 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Insulated Windows
  • Window Treatments
  • Wood Flooring
  • Stacked Washer and Dryer

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

Parking

  • Parking Space Number Location: 176
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Water Dispenser
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2106
  • Assessor Parcel Number 0699/N/2106

Community Details

Overview

  • Moving Fees Required
  • Association fees include common area maintenance, exterior building maintenance, management, insurance, parking fee, pool(s), recreation facility, 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
  • Picnic Area
  • Common Area
  • Party Room
  • Elevator

Recreation

Pet Policy

  • Pets Allowed

Security

  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,662

Year Built

Built in 2009

Lot Details

0

HOA Fees

$463 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2017-05-31
  • Year Built: 2009
  • Remarks Public: 1 bedroom + den at The Velocity. Gourmet kitchen w/ SS appliances, granite countertops/backsplash, & large island. Living area boasts floor to ceiling windows, hardwood floors, & built-in surround sound. Includes private balcony & garage parking. Building amenities: rooftop pool, fitness & party rooms, and 24-hr concierge. Steps to Metro, Nationals Park, and upcoming Whole Foods. Open Sunday 1-3.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Front Loading, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Washer/Dryer Stacked, Water Heater, Water Dispenser, Exhaust Fan
  • Interior Amenities: Kitchen - Gourmet, Kitchen - Island, Combination Kitchen/Living, Combination Dining/Living, Primary Bath(s), Entry Level Bedroom, Upgraded Countertops, Elevator, Window Treatments, Wood Floors, Floor Plan - Open
  • Window Features: Insulated
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Entry Location: Floors 6-10
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 895
  • Living Area Sq Ft: 895
  • Price Per Sq Ft: 592.07
  • Above Grade Finished Sq Ft: 895
  • 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
  • Pool Private: No
  • Roof: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Garage
  • Parking Space Number Assigned: 176
  • Garage Features: Garage Door Opener, Underground

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Desk In Lobby
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 462.65
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Concierge, Elevator, Exercise Room, Fitness Center, Party Room, Picnic Area, Pool - Outdoor, Reserved/Assigned Parking, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Insurance, Parking Fee, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • 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

Green Features

  • Green Sustainability: Onsite Recycling Center

Lot Info

  • Improvement Assessed Value: 321840.00
  • Land Assessed Value: 137930.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Year Assessed: 2016
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16165124
  • Tax Annual Amount: 3662.30
  • Assessor Parcel Number: 0699/N/2106
  • Tax Lot: 2106
  • Tax Total Finished Sq Ft: 895
  • Tax Year: 2016
  • Close Date: 07/17/2017

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

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%
Current Estimated Value
$552,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,977
Avg. Annual Appreciation
-0.37%
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
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 -- 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

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 $4,485 $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

    Section Image

  • d

    Buyer's Agent in 2023

    datacorrect BrightMLS

    Non Subscribing Office

    Section Image
  • David Maplesden

    Seller's Agent in 2022

    David Maplesden

    Long & Foster

    (202) 270-7253

    1 in this area

    105 Total Sales

    Section Image
  • Elliot Barber

    Seller Co-Listing Agent in 2022

    Elliot Barber

    Long & Foster

    (240) 603-8401

    1 in this area

    123 Total Sales

    Section Image
  • Greg Moss

    Buyer's Agent in 2022

    Greg Moss

    Pearson Smith Realty, LLC

    (703) 705-2777

    1 in this area

    84 Total Sales

    Section Image
  • Matthew Koerber

    Seller's Agent in 2017

    Matthew Koerber

    TTR Sotheby's International Realty

    (202) 744-0139

    4 in this area

    123 Total Sales

    Section Image
See All Agents

About Velocity Condominiums

Map

Source: Bright MLS

MLS Number: 1001392241

Bright MLS

APN: 0699N-2106

District of Columbia District of Columbia County Washington 20003 Navy Yard

1025 1st St SE Unit 901, Washington, DC

This home is located at 1025 1st St SE Unit 901, Washington, DC 20003 and is currently priced at $533,000, approximately $595 per square foot. This property was built in 2009. 1025 1st St SE Unit 901 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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