NOT LISTED FOR SALE

Estimated Value: $391,000 - $407,000

1 Bed
1 Bath
638 Sq Ft
$713/mo HOA Fee

Last Sold January 31, 2022

Last sale price $422,000 $661 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $3,135/month

2 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Gourmet Kitchen
  • Stoddert Elementary School Rated A
  • 24-Hour Security
  • City View

About This Home

As of January 2022

Gorgeous 1BR/1BA contemporary condo with updates galore and an incredible patio at The Observatory in the heart of Georgetown. The unit showcases a sophisticated remodel with the charm of plantation shutters and crown molding throughout. The new kitchen is equipped with stainless steel appliances, custom shelving, quartzite countertops, and a tile backsplash. The open layout is perfect for entertaining with the living area opening to the large patio creating an outdoor extension to the home. The bedroom is bright and spacious with a custom walk-in closet with ample storage. TWO garage parking spaces complete this must-see flat. Owners at The Observatory enjoy pet-friendly homes, resort-style common areas, pool, fitness center, front desk concierge, party room, and more. Georgetown’s favorites are moments away for quick errands, crave-worthy dining, and great shopping. Easy nature escapes surround you with Whitehaven Trail, Glover Archbold Park, or Dumbarton Oaks Park. Metrobus on the corner and easy access to commuter simplify downtown commuting.

Last Agent to Sell the Property

Elizabeth Kaiser

Compass License #SP98371459 Listed on: 01/13/2022

Compass

Last Buyer's Agent

Thomas Kolker

TTR Sotheby's International Realty License #SP200204621

TTR Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,126

Year Built

  • Built in 1988

Lot Details

  • 174

HOA Fees

  • $713 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 638 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Sliding Doors

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Utilities

  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed

Listing and Financial Details

  • Tax Lot 2044
  • Assessor Parcel Number 1299//2044

Community Details

Overview

  • Association fees include custodial services maintenance, management, insurance, common area maintenance, exterior building maintenance, parking fee, pool(s), reserve funds, sewer, trash, water
  • Mid-Rise Condominium
  • Observatory Circle Community
  • Observatory Circle Subdivision

Amenities

  • Concierge
  • Meeting Room
  • Party Room

Recreation

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit

Security

  • 24-Hour Security
  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,126

Year Built

Built in 1988

Lot Details

0

HOA Fees

$713 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1988
  • Automatically Close On Close Date: No
  • Remarks Public: Gorgeous 1BR/1BA contemporary condo with updates galore and an incredible patio at The Observatory in the heart of Georgetown. The unit showcases a sophisticated remodel with the charm of plantation shutters and crown molding throughout. The new kitchen is equipped with stainless steel appliances, custom shelving, quartzite countertops, and a tile backsplash. The open layout is perfect for entertaining with the living area opening to the large patio creating an outdoor extension to the home. The bedroom is bright and spacious with a custom walk-in closet with ample storage. TWO garage parking spaces complete this must-see flat. Owners at The Observatory enjoy pet-friendly homes, resort-style common areas, pool, fitness center, front desk concierge, party room, and more. Georgetown’s favorites are moments away for quick errands, crave-worthy dining, and great shopping. Easy nature escapes surround you with Whitehaven Trail, Glover Archbold Park, or Dumbarton Oaks Park. Metrobus on the corner and easy access to commuter simplify downtown commuting.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer, Dryer
  • Entry Floor: 2
  • Interior Amenities: Crown Moldings, Upgraded Countertops, Breakfast Area, Built-Ins, Floor Plan - Open, Kitchen - Gourmet, Tub Shower, Walk-In Closet(s)
  • Fireplace: No
  • Door Features: Sliding Glass
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 638
  • Living Area Sq Ft: 638
  • Price Per Sq Ft: 641.07
  • Above Grade Finished Sq Ft: 638
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2111

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, Below Grade
  • Construction Materials: Brick
  • Roof: Composite
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Basement Garage, Garage Door Opener, Underground
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Desk In Lobby, 24 Hour Security
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 712.55
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Concierge, Exercise Room, Meeting Room, Party Room, Pool - Outdoor, Reserved/Assigned Parking, Security, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Custodial Services Maintenance, Management, Insurance, Common Area Maintenance, Ext Bldg Maint, Parking Fee, Pool(s), Reserve Funds, Sewer, Trash, Water
  • 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: 249220.00
  • Land Assessed Value: 106810.00
  • Outdoor Living Structures: Balcony
  • Soil Types: Udorthents
  • Year Assessed: 2021
  • Zoning: C2A
  • In City Limits: Yes

Rental Info

  • Pets: Number Limit, Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16004875
  • Tax Annual Amount: 2126.00
  • Assessor Parcel Number: 1299//2044
  • Tax Lot: 2044
  • Tax Total Finished Sq Ft: 607
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 01/31/2022

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2022
Closed on
Jan 31, 2022
Sold by
Negusse M
Bought by
Malvas Llc
Seller's Agent
Elizabeth Kaiser
Compass
Buyer's Agent
Thomas Kolker
TTR Sotheby's International Realty
List Price
$409,000
Sold Price
$422,000
Premium/Discount to List
$13,000
3.18%
Current Estimated Value
$396,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,202
Avg. Annual Appreciation
-1.71%

Purchase Details

Listed on
Oct 27, 2015
Closed on
Jan 12, 2016
Sold by
Johnson Floyd M
Bought by
Nnegusse Mahlet
Seller's Agent
Karen Maraia
Coldwell Banker Realty
Buyer's Agent
David Ehrenberg
Redfin Corp
List Price
$299,900
Sold Price
$282,000
Premium/Discount to List
-$17,900
-5.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$225,600
Interest Rate
3.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Malvas Llc $422,000 Commonwealth Land Title
Nnegusse Mahlet $282,000 Federal Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nnegusse Mahlet $225,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2022 01/31/22 Sold $422,000 +3.2% $661 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $409,000 +45.0% $641 / Sq Ft
01/12/2016 01/12/16 Sold $282,000 -2.7% $465 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
11/19/2015 11/19/15 Price Changed $289,900 -3.3% $478 / Sq Ft
10/27/2015 10/27/15 For Sale $299,900 0.0% $494 / Sq Ft
05/20/2013 05/20/13 Rented $1,750 0.0% --
05/13/2013 05/13/13 Under Contract -- -- --
03/26/2013 03/26/13 For Rent $1,750 0.0% --
08/27/2012 08/27/12 Rented $1,750 -2.8% --
08/21/2012 08/21/12 Under Contract -- -- --
08/09/2012 08/09/12 For Rent $1,800 -- --
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 $3,125 $382,840 $114,850 $267,990
2023 $3,013 $369,180 $110,750 $258,430
2022 $2,575 $356,030 $106,810 $249,220
2021 $2,127 $339,870 $101,960 $237,910
2020 $2,184 $332,660 $99,800 $232,860
2019 $2,275 $342,520 $102,760 $239,760
2018 $2,264 $339,740 $0 $0
2017 $2,294 $342,300 $0 $0
2016 $2,252 $336,680 $0 $0
2015 $2,803 $329,810 $0 $0
2014 $2,669 $313,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2028886

Bright MLS

APN: 1299-2044