NOT LISTED FOR SALE

The Palladium at McLean 1450 Emerson Ave Unit 505 McLean, VA 22101

Estimated Value: $1,796,000 - $2,073,000

2 Beds
2.5 Baths
2,600 Sq Ft
$1,625/mo HOA Fee

Last Sold November 19, 2024

Last sale price $1,900,000 $731 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $13,144/month

62 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • No Units Above
  • Sherman Elementary School Rated A
  • Penthouse
  • Eat-In Gourmet Kitchen

About This Home

As of November 2024

You cannot help but smile as you step into this stunning light-filled penthouse, featuring ten-foot ceilings, intricate crown molding, hardwood floors, new carpet, a wall of windows and plenty of wall space for artwork. Located in the luxurious Palladium, this is a one-of-a-kind offering. With a unique floor plan, this unit is perfect for large-scale entertaining or delighting in just living in this gorgeous condo by relaxing in the numerous reading or working spaces, cooking in the beautifully-appointed kitchen, and enjoying the awesome views of the sky, the stars and the elegant McLean community. A large foyer greets guests and features a convenient coat closet and powder room. The foyer leads to the gallery, flanked on one side by the living room and the other by the extraordinarily spacious dining room perfect for large dinner parties. Multiple rooms lead to the expansive terrace, which is approximately 110-feet long, and has lovely space for an outdoor eating area and outdoor entertaining with beautiful northeastern views. The updated and exceptional custom eat-in kitchen is a chef’s dream with new quartz countertops, KitchenAid appliances, a fourteen-foot-long countertop, built-in bookshelves plus a separate butler’s pantry with additional storage and prep space. The primary bedroom is spacious and provides a sitting room/office and two sizable walk-in closets. The primary bath offers dual vanities, a soaking tub, separate shower and a private water closet. On the opposite side of the condo, there is a second bedroom suite with a walk-in closet and an updated bathroom. The library/den has three walls of built-in bookcases, offering plenty of room for your books and photos. A walk-in laundry room completes this condo. Two assigned underground parking spaces and two large storage rooms convey. The Palladium amenities include a staffed front desk, a gym, a party room and outdoor spaces including a courtyard and a large plaza with a fountain. To the best of our knowledge, this is one of the largest condos in sought after McLean and offering the largest terrace in McLean. You do not need to get rid of many of your personal treasures when you move in here as this unit offers so many closets and storage spaces, including two very large walk-in closets in the primary bedroom. In addition, there are two over-sized storage units with built-in shelves located in the secured garage. Truly one-of-a-kind, this offering provides all of the entertaining space, storage and flexibility of a house with the ease, amenities and convenience of a condo. Walkable to all of the shops, restaurants and grocery stores McLean has to offer, this central location is also ideal for easy commuting to Tysons, Reston, Arlington and Washington, DC with its close proximity to many commuter routes.

Last Agent to Sell the Property

Diane Lewis

(703) 973-7001 lewis@lewisteam.com Washington Fine Properties, LLC License #524617 Listed on: 07/18/2024

Washington Fine Properties, LLC

Last Buyer's Agent

Mark Kettler

(703) 994-7350 kettlerhomes@gmail.com Fairfax Realty Select

Fairfax Realty Select

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,102

Year Built

  • Built in 2005

Lot Details

  • No Units Above
  • 1 Common Wall

HOA Fees

  • $1,625 Monthly HOA Fees

Parking

  • Assigned parking located at #G2:121, G2:122

Home Design

  • Penthouse
  • Traditional Architecture
  • Entry on the 5th floor
  • Brick Exterior Construction

Interior Spaces

  • 2,600 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • Window Treatments
  • Sliding Doors
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Home Office
  • Library

Kitchen

  • Eat-In Gourmet Kitchen
  • Breakfast Area or Nook
  • Butlers Pantry
  • Double Oven
  • Gas Oven or Range
  • Six Burner Stove
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Wine Rack
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Schools

  • Franklin Sherman Elementary School
  • Longfellow Middle School
  • Mclean High School

Utilities

  • Forced Air Heating and Cooling System
  • Water Dispenser
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Terrace

Listing and Financial Details

  • Assessor Parcel Number 0302 53 0505

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, reserve funds, snow removal, trash
  • Mid-Rise Condominium
  • The Palladium Condos
  • The Palladium Community
  • Palladium At Mclean Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Game Room
  • Meeting Room
  • Party Room
  • Elevator

Recreation

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,102

Year Built

Built in 2005

Lot Details

0

HOA Fees

$1,625 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Traditional
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-07-18
  • Federal Flood Zone: No
  • Year Built: 2005
  • Assigned Parking Space Numbers: G2:121, G2:122
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer/Dryer Stacked, Oven - Double, Oven/Range - Gas, Water Heater, Water Dispenser
  • Entry Floor: 5
  • Interior Amenities: Breakfast Area, Built-Ins, Butlers Pantry, Carpet, Crown Moldings, Elevator, Entry Level Bedroom, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Bathroom - Soaking Tub, Bathroom - Stall Shower, Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors, Wine Storage
  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above
  • Door Features: Sliding Glass
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Library, Foyer, Laundry, Office, Bathroom 2, Primary Bathroom, Half Bath
  • Basement: No
  • Laundry Type: Has Laundry, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2600
  • Living Area Sq Ft: 2600
  • Price Per Sq Ft: 865.38
  • Above Grade Finished Sq Ft: 2600
  • 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
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Assigned Spaces Count: 2
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Underground
  • 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: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Desk In Lobby, Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1625.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Palladium
  • HOA Condo Co-Op Amenities: Common Grounds, Concierge, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Reserve Funds, Snow Removal, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: FRANKLIN SHERMAN
  • High School: MCLEAN
  • Middle Or Junior School: LONGFELLOW

Lot Info

  • Additional Parcels: No
  • Outdoor Living Structures: Terrace
  • Zoning: 350
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Size/Weight Restriction, Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 18102.00
  • Assessor Parcel Number: 0302 53 0505
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: FAIRFAX COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Nov 19, 2024
Sold by
House William Michael and Rigby-House Gina Joy
Bought by
Upadhyay Jagadish Prasad and Upadhyay Gunu
Seller's Agent
Diane Lewis
Washington Fine Properties, LLC
Buyer's Agent
Mark Kettler
Fairfax Realty Select
List Price
$2,250,000
Sold Price
$1,900,000
Premium/Discount to List
-$350,000
-15.56%
Views
104
Current Estimated Value
$1,885,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,001
Avg. Annual Appreciation
2.90%
Original Mortgage
$1,000,000
Outstanding Balance
$989,587
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$965,504

Purchase Details

Closed on
Jul 15, 2010
Sold by
Taycar Llc
Bought by
House William M

Purchase Details

Closed on
Nov 25, 2008
Sold by
Paula E Bannister Trustee
Bought by
Taycar Llc

Purchase Details

Closed on
Mar 24, 2006
Sold by
Waterford Mclean L L C
Bought by
Bannister Paula E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.28%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Upadhyay Jagadish Prasad $1,900,000 First American Title
House William M $1,195,000 --
Taycar Llc $1,000,000 --
Bannister Paula E $1,531,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Upadhyay Jagadish Prasad $1,000,000
Previous Owner Bannister Paula E $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2024 11/19/24 Sold $1,900,000 -15.6% $731 / Sq Ft
09/19/2024 09/19/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $2,250,000 -- $865 / 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 $18,945 $1,818,330 $364,000 $1,454,330
2024 $18,945 $1,603,470 $321,000 $1,282,470
2023 $18,102 $1,572,030 $314,000 $1,258,030
2022 $17,978 $1,541,210 $308,000 $1,233,210
2021 $18,258 $1,525,950 $305,000 $1,220,950
2020 $17,534 $1,453,290 $291,000 $1,162,290
2019 $16,802 $1,392,640 $290,000 $1,102,640
2018 $16,683 $1,450,670 $290,000 $1,160,670
2017 $17,616 $1,487,870 $298,000 $1,189,870
2016 $17,579 $1,487,870 $298,000 $1,189,870
2015 $17,210 $1,511,010 $302,000 $1,209,010
2014 $15,333 $1,349,120 $270,000 $1,079,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAFX2182666

Bright MLS

APN: 0302-53-0505