NOT LISTED FOR SALE

1042 Paper Mill Ct NW Unit 1042 Washington, DC 20007

Georgetown Neighborhood

Estimated Value: $594,000 - $902,000

2 Beds
1 Bath
950 Sq Ft
$799/Sq Ft Est. Value

Last Sold January 11, 2021

Last sale price $685,000 $721 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,054/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • Central Air
  • Hyde Addison Elementary School Rated A
  • Assigned Subterranean Space
  • 5-minute walk to Francis Scott Key Park

About This Home

As of January 2021

This townhouse-style condominium at the Papermill offers an open layout with updates throughout. Property features include a wood burning fireplace, stainless steel appliances, skylight, sleek updated bathroom, plentiful storage and fresh paint throughout. Reserved garage parking and in-unit washer dryer convey. With an on-site pool and security guard, the Papermill is a pet-friendly association with low fees and no history of assessments. The location is second to none nestled between M Street and the Georgetown Waterfront Park.

Last Agent to Sell the Property

Michael Brennan

Compass Listed on: 12/04/2020

Compass

Last Buyer's Agent

Megan Bonanno

TTR Sotheby's International Realty License #0225235630

TTR Sotheby's International Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,229

Year Built

  • Built in 1900

Lot Details

  • 566

HOA Fees

  • $550 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 950 Sq Ft Home
  • Property has 2 Levels
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2067
  • Assessor Parcel Number 1187//2067

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, pool(s), reserve funds, sewer, snow removal, trash
  • Papermill Community
  • Georgetown Subdivision

Amenities

  • Common Area

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,229

Year Built

Built in 1900

Lot Details

0

HOA Fees

$550 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Remarks Public: This townhouse-style condominium at the Papermill offers an open layout with updates throughout. Property features include a wood burning fireplace, stainless steel appliances, skylight, sleek updated bathroom, plentiful storage and fresh paint throughout. Reserved garage parking and in-unit washer dryer convey. With an on-site pool and security guard, the Papermill is a pet-friendly association with low fees and no history of assessments. The location is second to none nestled between M Street and the Georgetown Waterfront Park.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 950
  • Living Area Sq Ft: 950
  • Price Per Sq Ft: 726.32
  • Above Grade Finished Sq Ft: 950
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1042

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: No
  • Garage Features: Underground
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 550.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds, Sewer, Snow Removal, Trash
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 439100.00
  • Land Assessed Value: 188190.00
  • Soil Types: Urban Land Not Rated
  • Year Assessed: 2020
  • Zoning: MU-13
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16000405
  • Tax Annual Amount: 5229.00
  • Assessor Parcel Number: 1187//2067
  • Tax Lot: 2067
  • Tax Total Finished Sq Ft: 950
  • Tax Data Updated: Yes
  • Tax Year: 2020
  • Close Date: 01/11/2021

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Jan 11, 2021
Sold by
Sawda Latife and Sawda Mounir
Bought by
Buchan Peter
Seller's Agent
Michael Brennan
Compass
Buyer's Agent
Megan Bonanno
TTR Sotheby's International Realty
List Price
$690,000
Sold Price
$685,000
Premium/Discount to List
-$5,000
-0.72%
Current Estimated Value
$758,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,806
Avg. Annual Appreciation
2.23%
Original Mortgage
$582,250
Outstanding Balance
$522,034
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$236,772

Purchase Details

Closed on
Jan 25, 2001
Sold by
Lafranchi Christine
Bought by
Balo Habiba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,900
Interest Rate
7.14%

Purchase Details

Closed on
Aug 23, 1994
Sold by
Yadgi Albert A
Bought by
Damon Lynne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
8.61%
Mortgage Type
Commercial
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
Buchan Peter $685,000 Smart Settlements Llc
Balo Habiba $279,900 --
Damon Lynne J $146,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buchan Peter $582,250
Previous Owner Balogun Habiba $58,766
Previous Owner Balo Habiba $223,900
Previous Owner Damon Lynne J $116,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2021 01/11/21 Sold $685,000 -0.7% $721 / Sq Ft
12/07/2020 12/07/20 Pending -- -- --
12/04/2020 12/04/20 For Sale $690,000 0.0% $726 / Sq Ft
09/11/2015 09/11/15 Rented $3,050 0.0% --
09/11/2015 09/11/15 Under Contract -- -- --
07/22/2015 07/22/15 For Rent $3,050 0.0% --
07/06/2012 07/06/12 Sold $515,000 -4.6% $644 / Sq Ft
06/30/2012 06/30/12 Pending -- -- --
05/31/2012 05/31/12 For Sale $539,900 -- $675 / 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 $4,518 $633,800 $190,140 $443,660
2023 $4,450 $622,290 $186,690 $435,600
2022 $4,505 $622,450 $186,730 $435,720
2021 $4,570 $627,290 $188,190 $439,100
2020 $5,229 $615,200 $184,560 $430,640
2019 $4,898 $576,200 $172,860 $403,340
2018 $4,756 $559,480 $0 $0
2017 $4,669 $549,290 $0 $0
2016 $4,433 $521,570 $0 $0
2015 $4,255 $500,560 $0 $0
2014 $4,269 $502,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC499660

Bright MLS

APN: 1187-2067