The Palladium at McLean 1450 Emerson Ave Unit 506 McLean, VA 22101
Estimated Value: $1,206,000 - $1,328,000
2
Beds
2.5
Baths
1,650
Sq Ft
$1,216/mo
HOA Fee
Highlights
- Fitness Center
- Eat-In Gourmet Kitchen
- Open Floorplan
- Sherman Elementary School Rated A
- Panoramic View
- Traditional Architecture
About This Home
As of June 2023Custom designed Penthouse unit with private elevator and balcony overlooking the Palladium courtyard with views of the heart of McLean. Pride in ownership shows throughout this beautiful, light filled unit with a gracious foyer entrance leading to the living room with a fireplace and French doors to a balcony with scenic views. Adjoining the living room is a formal dining room. The spacious cook's kitchen has a generous amount of cabinetry, granite countertops, stainless steel appliances and a breakfast bar. The den with double French doors features a wall of built-ins. The owners suite has a luxury bath with soaking tub and oversized shower with a shower system and a double sink vanity as well as a large walk in closet with a door to the utility room with additional storage space. The secondary bedroom has two double closets and full bath with a glass enclosed shower. This unit is complete with a formal powder room and laundry closet. There is also a very spacious owner's storage room in the garage as well as two parking spaces . The Palladium offers an ideal and central location that is only a short walk to many restaurants, shops and markets that McLean has to offer. At the street level there is the StarNut Gourmet Cafe & Coffee Shop with outdoor seating located next to a dramatic water feature for all to enjoy. The Palladium also has a large beautifully landscaped communal courtyard with seating and a barbecue. Additional amenities include a complete fitness center, a library and a staffed front desk .
Last Agent to Sell the Property
Washington Fine Properties, LLC Listed on: 04/25/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,991
Year Built
- Built in 2005
Lot Details
- Downtown Location
- Extensive Hardscape
- Property is in excellent condition
HOA Fees
- $1,216 Monthly HOA Fees
Parking
- Basement Garage
- Parking Storage or Cabinetry
- Lighted Parking
- Secure Parking
Property Views
- Panoramic
- Scenic Vista
- Courtyard
Home Design
- Traditional Architecture
- Brick Exterior Construction
Interior Spaces
- 1,650 Sq Ft Home
- Open Floorplan
- Built-In Features
- Crown Molding
- Gas Fireplace
- French Doors
- Formal Dining Room
- Wood Flooring
- Monitored
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Area or Nook
- Built-In Oven
- Cooktop with Range Hood
- Built-In Microwave
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
Laundry
- Laundry in unit
- Dryer
- Washer
Accessible Home Design
- Accessible Elevator Installed
- Grab Bars
Outdoor Features
- Water Fountains
- Exterior Lighting
- Outdoor Storage
Schools
- Franklin Sherman Elementary School
- Longfellow Middle School
- Mclean High School
Utilities
- Forced Air Heating and Cooling System
- Humidifier
- Vented Exhaust Fan
- Tankless Water Heater
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 0302 53 0506
Community Details
Overview
- Association fees include gas, management, sewer, trash, snow removal, water
- Mid-Rise Condominium
- Built by Madison Homes
- Palladium At Mclean Subdivision
- Property Manager
- Property has 5 Levels
Amenities
- Common Area
- Party Room
- Community Library
- Elevator
Recreation
Pet Policy
- Pets Allowed
- Pet Size Limit
Security
- Front Desk in Lobby
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 25, 2023
Closed on
May 24, 2023
Sold by
Yorke Allen Iii
Bought by
Robert Dee Albert And Gail B Albert Revocable
Seller's Agent
The Prendergast Team
Washington Fine Properties, LLC
Buyer's Agent
William Prendergast
Washington Fine Properties, LLC
List Price
$1,299,000
Sold Price
$1,270,000
Premium/Discount to List
-$29,000
-2.23%
Views
66
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
-$8,484
Avg. Annual Appreciation
-0.26%
Purchase Details
Closed on
Dec 10, 2020
Sold by
Allen Yorke
Bought by
Allen Yorke and Gorog Harris Lesley
Purchase Details
Closed on
Nov 25, 2019
Sold by
Handley Edwin D and Handley Margaret C
Bought by
Allen Yorke
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
3.25%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 26, 2018
Closed on
Mar 15, 2018
Sold by
Alam Rashida
Bought by
Handley Edwin D and Handley Margaret C
Seller's Agent
Lilian Jorgenson
Long & Foster Real Estate, Inc.
Buyer's Agent
Margaret Handley
M. C. Handley, Ltd.
List Price
$899,000
Sold Price
$875,000
Premium/Discount to List
-$24,000
-2.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.18%
Original Mortgage
$700,000
Interest Rate
4.45%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Nov 10, 2009
Sold by
Tayal Alkesh
Bought by
Alam Rashida
Purchase Details
Closed on
Apr 13, 2006
Sold by
Waterford Mclean Llc
Bought by
Tayal Alkesh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.28%
Mortgage Type
New Conventional
Similar Homes in McLean, VA
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Robert Dee Albert And Gail B Albert Revocable | $1,270,000 | Commonwealth Land Title | |
| Allen Yorke | -- | None Listed On Document | |
| Allen Yorke | $935,000 | First American Title Ins Co | |
| Handley Edwin D | $875,000 | First American Title | |
| Alam Rashida | $708,500 | -- | |
| Tayal Alkesh | $1,200,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Allen Yorke | $435,000 | |
| Previous Owner | Handley Edwin D | $700,000 | |
| Previous Owner | Alam Rashida | $150,000 | |
| Previous Owner | Tayal Alkesh | $960,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/14/2023 06/14/23 | Sold | $1,270,000 | -2.2% | $770 / Sq Ft |
| 04/25/2023 04/25/23 | For Sale | $1,299,000 | +48.5% | $787 / Sq Ft |
| 03/15/2018 03/15/18 | Sold | $875,000 | -2.7% | $530 / Sq Ft |
| 02/08/2018 02/08/18 | Pending | -- | -- | -- |
| 01/26/2018 01/26/18 | For Sale | $899,000 | -- | $545 / 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 | $11,356 | $961,140 | $192,000 | $769,140 |
| 2023 | $10,850 | $942,290 | $188,000 | $754,290 |
| 2022 | $10,776 | $923,810 | $185,000 | $738,810 |
| 2021 | $10,944 | $914,660 | $183,000 | $731,660 |
| 2020 | $10,520 | $871,950 | $174,000 | $697,950 |
| 2019 | $10,081 | $835,560 | $174,000 | $661,560 |
| 2018 | $10,009 | $870,380 | $174,000 | $696,380 |
| 2017 | $10,570 | $892,700 | $179,000 | $713,700 |
| 2016 | $11,719 | $991,890 | $198,000 | $793,890 |
| 2015 | $11,470 | $1,006,980 | $201,000 | $805,980 |
| 2014 | $11,751 | $1,033,950 | $207,000 | $826,950 |
Source: Public Records
Agents Affiliated with this Home
-
The Prendergast Team
Seller's Agent in 2023
The Prendergast Team
Washington Fine Properties
(703) 434-2711
88 in this area
215 Total Sales
-
William Prendergast
Buyer's Agent in 2023
William Prendergast
Washington Fine Properties
(703) 434-2711
79 in this area
193 Total Sales
-
Lilian Jorgenson
Seller's Agent in 2018
Lilian Jorgenson
Long & Foster
(703) 407-0766
38 in this area
167 Total Sales
-
Margaret Handley
M
Buyer's Agent in 2018
Margaret Handley
M. C. Handley, Ltd.
(703) 282-1136
1 in this area
3 Total Sales
About The Palladium at McLean
Map
Source: Bright MLS
MLS Number: VAFX2122764
APN: 0302-53-0506
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