NOT LISTED FOR SALE

The Residences at The Ritz-Carlton 1111 23rd St NW Unit PH3A Washington, DC 20037

West End Neighborhood

Estimated Value: $3,119,000 - $3,873,772

2 Beds
2.5 Baths
3,250 Sq Ft
$6,316/mo HOA Fee

Last Sold January 06, 2023

Last sale price $3,950,000 $1,215 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $27,772/month

58 Days on Market

Highlights

  • Concierge
  • Penthouse
  • Gourmet Kitchen
  • School Without Walls @ Francis-Stevens Rated A-
  • Spa
  • 4-minute walk to Duke Ellington Park

About This Home

As of January 2023

This stunning 2-level Ritz-Carlton penthouse features 2 bedrooms plus a den and family room, 2.5 baths and 3,200+ SF of living space with bespoke finishes designed for stylish living and entertaining. A gourmet kitchen offers top-of-the-line cabinetry and appliances. The primary suite includes a sitting room, spa-like bath, and terrace access. Spectacular city views abound from over 2,000 SF of private terrace space with a hot tub. Enjoy all the white glove services of the legendary Ritz Carlton, including 24-hour concierge, doormen, porters, valet parking, security, on-site storage facility, room service, housekeeping and more.
The West End location provide an abundance of conveniences with numerous top restaurants, health clubs, grocery stores and is within easy distance to Georgetown and the Kennedy Center.

Last Agent to Sell the Property

Matt McCormick

(202) 365-5883 mmccormick@ttrsir.com TTR Sotheby's International Realty Listed on: 10/13/2022

TTR Sotheby's International Realty

Co-Listed By

Louis Cardenas

(202) 669-4083 lcardenas@ttrsir.com TTR Sotheby's International Realty License #0225140416

Last Buyer's Agent

Michael Musarra

(202) 709-2550 michael.musarra@sothebysrealty.com TTR Sotheby's International Realty License #5011179

TTR Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $25,276

Year Built

  • Built in 2000

Lot Details

  • Property is in excellent condition

HOA Fees

  • $6,316 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Basement Garage
  • Parking Attendant

Home Design

  • Penthouse
  • Contemporary Architecture
  • Entry on the 9th floor
  • Brick Exterior Construction

Interior Spaces

  • 3,250 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Curved or Spiral Staircase
  • Built-In Features
  • Crown Molding
  • 2 Fireplaces
  • Wood Flooring
  • Gourmet Kitchen
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet

Outdoor Features

  • Spa
  • Terrace

Utilities

  • Forced Air Heating and Cooling System
  • Public Septic

Listing and Financial Details

  • Assessor Parcel Number 0051//2324

Community Details

Overview

  • Association fees include common area maintenance, parking fee, trash, water, gas, exterior building maintenance, management, reserve funds
  • High-Rise Condominium
  • Ritz Carlton Residences Community
  • West End Subdivision

Amenities

  • Concierge
  • Common Area

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$25,276

Year Built

Built in 2000

Lot Details

0

HOA Fees

$6,316 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2000
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 9
  • Interior Amenities: Built-Ins, Crown Moldings, Curved Staircase, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Walk-In Closet(s), Wood Floors
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 3250
  • Living Area Sq Ft: 3250
  • Price Per Sq Ft: 1384.62
  • Above Grade Finished Sq Ft: 3250
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Hot Tub
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Attendant
  • Garage Features: Basement Garage, Inside Access
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6315.99
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge, Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Parking Fee, Trash, Water, Gas, Ext Bldg Maint, Management, Reserve Funds
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 2091180.00
  • Land Assessed Value: 896220.00
  • Outdoor Living Structures: Terrace
  • Property Condition: Excellent
  • Soil Types: Urban Land Not Rated
  • Zoning: RA-5
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 16128996
  • Tax Annual Amount: 25276.00
  • Assessor Parcel Number: 0051//2324
  • Tax Data Updated: No
  • Tax Year: 2022

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Jan 4, 2023
Sold by
Ring Timothy M
Bought by
Lissette Dylan and Lissette Stacie
Seller's Agent
Matt McCormick
TTR Sotheby's International Realty
Buyer's Agent
Michael Musarra
TTR Sotheby's International Realty
List Price
$4,500,000
Sold Price
$3,950,000
Premium/Discount to List
-$550,000
-12.22%
Views
13
Current Estimated Value
$3,545,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$404,076
Avg. Annual Appreciation
-3.63%

Purchase Details

Closed on
May 24, 2005
Sold by
Mccormack Robert C
Bought by
Ring Timothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 1997
Sold by
Bankers Trust
Bought by
Hofame Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lissette Dylan $3,950,000 First American Title
Ring Timothy M $2,650,000 --
Hofame Inc $25,500 Island Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ring Timothy M $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2023 01/06/23 Sold $3,950,000 -12.2% $1,215 / Sq Ft
12/10/2022 12/10/22 Pending -- -- --
10/13/2022 10/13/22 For Sale $4,500,000 -- $1,385 / 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
2025 $33,642 $3,752,500 $726,990 $3,025,510
2024 $31,767 $3,752,500 $1,125,750 $2,626,750
2023 $25,268 $2,987,400 $896,220 $2,091,180
2022 $25,276 $2,987,400 $896,220 $2,091,180
2021 $25,816 $3,050,520 $915,160 $2,135,360
2020 $25,286 $3,050,520 $915,160 $2,135,360
2019 $25,293 $3,050,520 $915,160 $2,135,360
2018 $25,306 $3,050,520 $0 $0
2017 $24,558 $2,961,670 $0 $0
2016 $23,366 $2,820,640 $0 $0
2015 $22,227 $2,686,320 $0 $0
2014 -- $2,620,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matt McCormick

    Seller's Agent in 2023

    Matt McCormick

    TTR Sotheby's International Realty

    (202) 365-5883

    24 in this area

    54 Total Sales

    Matt McCormick
    Section Image
  • Louis Cardenas

    Seller Co-Listing Agent in 2023

    Louis Cardenas

    TTR Sotheby's International Realty

    (202) 669-4083

    11 in this area

    91 Total Sales

    Louis Cardenas
    Section Image
  • Michael Musarra

    Buyer's Agent in 2023

    Michael Musarra

    TTR Sotheby's International Realty

    (202) 709-2550

    4 in this area

    95 Total Sales

    Michael Musarra
    Section Image
  • Kimberly Casey

    Buyer Co-Listing Agent in 2023

    Kimberly Casey

    TTR Sotheby's International Realty

    (202) 361-3228

    2 in this area

    132 Total Sales

    Kimberly Casey
    Section Image
See All Agents

About The Residences at The Ritz-Carlton

Map

Source: Bright MLS

MLS Number: DCDC2071146

Bright MLS

APN: 0051-2324

District of Columbia District of Columbia County Washington 20037 West End

1111 23rd St NW Unit PH3A, Washington, DC

Not Listed for Sale

Condos

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