225 Strand St Unit 501 Alexandria, VA 22314
Old Town Neighborhood
3
Beds
3
Baths
2,799
Sq Ft
$1,109/mo
HOA Fee
Highlights
- New Construction
- Waterfront
- Wood Flooring
- Water Oriented
- Traditional Architecture
- 1-minute walk to Point Lumley Park
About This Home
As of October 2024Welcome to Watermark, The IDI Group's newest boutique, waterfront condominium of 18 grand, single-level homes wrapped in the echoes of history. Located at 225 Strand Street in the heart of the Historic District, just one block to King Street. Residence #501 is a stunning 3BR/3BA residence that directly faces the Potomac with fantastic river views from the floor-to-ceiling windows in the living area. Finishes include wide-plank hardwood floors, quartz counters, white Italian-made cabinetry, & stainless steel appliances with gas cooking. Building amenities include an elegantly appointed lobby and rooftop terrace with sweeping waterfront views. 2 garage parking spaces are included. Quality Steel & Concrete construction and LOW condo fees! On-site sales by appointment only.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $42,029
Year Built
- Built in 2020 | New Construction
Lot Details
- Waterfront
- Property is in excellent condition
HOA Fees
- $1,109 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Assigned Parking
Home Design
- Traditional Architecture
Interior Spaces
- 2,799 Sq Ft Home
- Property has 1 Level
- 1 Fireplace
- Wood Flooring
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Water Oriented
- River Nearby
- Balcony
Location
- Flood Risk
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Home warranty included in the sale of the property
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, management, parking fee, reserve funds, trash
- Mid-Rise Condominium
- Old Town Subdivision
Amenities
- Picnic Area
- Elevator
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 13, 2024
Closed on
Oct 15, 2024
Sold by
Marion E Moon Trust and Jervis Robin
Bought by
Raffaelli John D and Raffaelli Anne Devine
Seller's Agent
Kerry Adams
Compass
Buyer's Agent
Stephen Raffaelli
Compass
List Price
$4,295,000
Sold Price
$3,750,000
Premium/Discount to List
-$545,000
-12.69%
Views
218
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
$268
Avg. Annual Appreciation
-2.14%
Similar Home in Alexandria, 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $3,750,000 | Commonwealth Land Title Insura |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/15/2024 10/15/24 | Sold | $3,750,000 | -3.8% | $1,339 / Sq Ft |
| 09/17/2024 09/17/24 | Price Changed | $3,900,000 | -9.2% | $1,393 / Sq Ft |
| 06/13/2024 06/13/24 | For Sale | $4,295,000 | +14.1% | $1,534 / Sq Ft |
| 08/15/2020 08/15/20 | Sold | $3,765,090 | +1.9% | $1,345 / Sq Ft |
| 08/15/2020 08/15/20 | Pending | -- | -- | -- |
| 08/15/2020 08/15/20 | For Sale | $3,695,000 | -- | $1,320 / 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 |
|---|---|---|---|---|
| 2025 | $42,029 | $3,861,535 | $1,275,310 | $2,586,225 |
| 2024 | $42,029 | $3,695,190 | $1,108,965 | $2,586,225 |
| 2023 | $43,606 | $3,928,500 | $1,179,750 | $2,748,750 |
| 2022 | $39,683 | $3,575,000 | $1,072,500 | $2,502,500 |
| 2021 | $39,683 | $3,575,000 | $1,072,500 | $2,502,500 |
Source: Public Records
Agents Affiliated with this Home
-
Kerry Adams
Seller's Agent in 2024
Kerry Adams
Compass
(703) 587-7841
9 in this area
100 Total Sales
-
Stephen Raffaelli
Buyer's Agent in 2024
Stephen Raffaelli
Compass
(202) 765-8500
2 in this area
47 Total Sales
-
Jamie Test
Seller's Agent in 2020
Jamie Test
Compass
(703) 819-0436
24 in this area
139 Total Sales
-
Miriam Fernandez
Seller Co-Listing Agent in 2020
Miriam Fernandez
McWilliams/Ballard Inc.
(703) 850-1159
14 in this area
57 Total Sales
Map
Source: Bright MLS
MLS Number: VAAX249830
APN: 075.03-1B-501
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