NOT LISTED FOR SALE

225 Strand St Unit 504 Alexandria, VA 22314

Old Town Neighborhood

Estimated Value: $2,297,000 - $3,196,000

3 Beds
2.5 Baths
2,420 Sq Ft
$1,190/mo HOA Fee

Last Sold April 13, 2023

Last sale price $2,145,000 $886 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $17,777/month

39 Days on Market

Highlights

  • Waterfront
  • Gourmet Kitchen
  • Open Floorplan
  • Water Oriented
  • River View
  • 1-minute walk to Point Lumley Park

About This Home

As of April 2023

Rarely does such an opportunity present itself in historic Old Town Alexandria. Located at 225 Strand Street, adjacent to the Hotel Indigo, Watermark is a boutique condominium of just 18 residences plus two small, complimentary retail spaces. Penthouse #504 is possibly the best layout in the building. Encompassing the southwest corner of the top floor, this 3BR (or 2BR/DEN) with 2.5 baths offers 2,420 sq ft of interior living space plus a large balcony with views of the Potomac River. A welcoming foyer creates definition between the kitchen / dining / living area and the guest and primary bedrooms, each with their own en-suite full bathrooms. The open kitchen with large island features quartz counters, white cabinets with soft-closing doors and drawers, Bosch stainless steel appliances with gas cooking and under-counter wine fridge, plus LED recessed and pendant lighting. Warm oak hardwood floors run throughout the home. The open dining and living areas are flooded with natural light from the oversized double-hung windows. The positioning at the southwest corner of the building provides a view over Old Town's historic townhomes along with Potomac River views from the large balcony. A gas fireplace keeps the home cozy and warm and provides separation to the spacious den with a closet that is ideal for a home office (or a 3rd bedroom). A full laundry room with side-by-side washer and dryer plus utility sink allow this residence to live like a single family home. The guest bedroom is quite large with two closets and a private full bathroom with a marble shower with frameless glass door. The primary suite is its own retreat. The bedroom can easily accommodate a king-sized bed and a sitting area. Two walk-in closets plus a 3rd closet meet the needs of the most demanding wardrobes. The spa-inspired bathroom offers heated floors, two sinks, large shower and separate soaking tub, plus a separate water closet.

Watermark's location is unmatched: shops, restaurants, the Alexandria waterfront, and the Old Dominion Boat Club are just steps from your front door. The building's classic architectural elements blend seamlessly with the surrounding historic district. The lobby sets the tone for elegance with abundant marble and designer light fixtures by Murano. The secure garage provides two assigned spaces for the home and a bike room is available when only two wheels are needed. The fob-secured elevator not only brings you swiftly to the fifth floor with private storage just outside the home, but also to Watermark's resident only roof terrace. At 53 feet above Old Town, the roof terrace offers multiple seating areas, heaters, gas grills, and sweeping views of the Potomac River and the nation's Capital beyond. The simple, and boutique nature of the building allow for low condo fees that can be as little as half of what comparable condominiums require.

Don't miss this rare opportunity!

Last Listed By

Jamie Test

Compass License #SP600876 Listed on: 01/05/2023

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,689

Year Built

  • Built in 2020

Lot Details

  • Waterfront
  • Property is in excellent condition

HOA Fees

  • $1,190 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Space Conveys

Property Views

  • River
  • City

Home Design

  • Traditional Architecture
  • Flat Roof Shape

Interior Spaces

  • 2,420 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • Gas Fireplace
  • Double Pane Windows
  • Double Hung Windows
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Oven
  • Cooktop with Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Water Oriented
  • River Nearby
  • Balcony

Schools

  • Alexandria City High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • No Interior Steps
  • Energy-Efficient Windows
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 60039880

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, parking fee, reserve funds, trash
  • 18 Units
  • Mid-Rise Condominium
  • Watermark Condos
  • Built by THE IDI GROUP
  • Old Town Subdivision
  • Property Manager

Amenities

  • Common Area
  • 1 Elevator

Pet Policy

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

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,689

Year Built

Built in 2020

Lot Details

0

HOA Fees

$1,190 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Traditional
  • Accessibility Features: No Stairs
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-01-05
  • Federal Flood Zone: Yes
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Rarely does such an opportunity present itself in historic Old Town Alexandria. Located at 225 Strand Street, adjacent to the Hotel Indigo, Watermark is a boutique condominium of just 18 residences plus two small, complimentary retail spaces. Penthouse #504 is possibly the best layout in the building. Encompassing the southwest corner of the top floor, this 3BR (or 2BR/DEN) with 2.5 baths offers 2,420 sq ft of interior living space plus a large balcony with views of the Potomac River. A welcoming foyer creates definition between the kitchen / dining / living area and the guest and primary bedrooms, each with their own en-suite full bathrooms. The open kitchen with large island features quartz counters, white cabinets with soft-closing doors and drawers, Bosch stainless steel appliances with gas cooking and under-counter wine fridge, plus LED recessed and pendant lighting. Warm oak hardwood floors run throughout the home. The open dining and living areas are flooded with natural light from the oversized double-hung windows. The positioning at the southwest corner of the building provides a view over Old Town's historic townhomes along with Potomac River views from the large balcony. A gas fireplace keeps the home cozy and warm and provides separation to the spacious den with a closet that is ideal for a home office (or a 3rd bedroom). A full laundry room with side-by-side washer and dryer plus utility sink allow this residence to live like a single family home. The guest bedroom is quite large with two closets and a private full bathroom with a marble shower with frameless glass door. The primary suite is its own retreat. The bedroom can easily accommodate a king-sized bed and a sitting area. Two walk-in closets plus a 3rd closet meet the needs of the most demanding wardrobes. The spa-inspired bathroom offers heated floors, two sinks, large shower and separate soaking tub, plus a separate water closet. Watermark's location is unmatched: shops, restaurants, the Alexandria waterfront, and the Old Dominion Boat Club are just steps from your front door. The building's classic architectural elements blend seamlessly with the surrounding historic district. The lobby sets the tone for elegance with abundant marble and designer light fixtures by Murano. The secure garage provides two assigned spaces for the home and a bike room is available when only two wheels are needed. The fob-secured elevator not only brings you swiftly to the fifth floor with private storage just outside the home, but also to Watermark's resident only roof terrace. At 53 feet above Old Town, the roof terrace offers multiple seating areas, heaters, gas grills, and sweeping views of the Potomac River and the nation's Capital beyond. The simple, and boutique nature of the building allow for low condo fees that can be as little as half of what comparable condominiums require. Don't miss this rare opportunity!
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Oven - Single, Range Hood, Stainless Steel Appliances, Washer, Dryer
  • Entry Floor: 5
  • Flooring Type: Hardwood
  • Interior Amenities: Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Pantry, Walk-In Closet(s), Wood Floors
  • Window Features: Double Hung, Double Pane, Energy Efficient
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Elevators Count: 1
  • Wall Ceiling Types: 9'+ Ceilings
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2420
  • Living Area Sq Ft: 2420
  • Price Per Sq Ft: 948.35
  • Above Grade Finished Sq Ft: 2420
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 225

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Concrete
  • Roof: Flat
  • Spa: No
  • View: River, Water, City
  • Water Access: No
  • Water Body Name: Potomac River
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 1

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Parking Space Conveys
  • Garage Features: Covered Parking
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1190.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: WATERMARK
  • HOA Condo Co-Op Amenities: Elevator, Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Parking Fee, Reserve Funds, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: ALEXANDRIA CITY PUBLIC SCHOOLS
  • High School: ALEXANDRIA CITY
  • School District Key: 121139111593
  • School District Source: Listing Agent
  • High School: ALEXANDRIA CITY

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 1326500.00
  • Land Assessed Value: 568500.00
  • Land Use Code: 14
  • Outdoor Living Structures: Balcony
  • Property Condition: Excellent
  • Year Assessed: 2022
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Building Info

  • Builder Name: THE IDI GROUP

Rental Info

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

Tax Info

  • Assessor Parcel Number: 24701098
  • Tax Annual Amount: 19689.00
  • Assessor Parcel Number: 60039880
  • Tax Total Finished Sq Ft: 2420
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/13/2023

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Apr 13, 2023
Sold by
Doehrman Steven R and Doehrman Barbara Walters
Bought by
Senzel Bruce D
Seller's Agent
Jamie Test
Compass
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$2,295,000
Sold Price
$2,145,000
Premium/Discount to List
-$150,000
-6.54%
Total Days on Market
39
Views
51
Current Estimated Value
$2,656,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$511,446
Avg. Annual Appreciation
7.09%

Range of Values:

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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
Senzel Bruce D $2,145,000 Kvs Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2023 04/13/23 Sold $2,145,000 -6.5% $886 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $2,295,000 +15.0% $948 / Sq Ft
08/15/2020 08/15/20 Sold $1,995,000 0.0% $824 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $1,995,000 -- $824 / 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
2024 $22,313 $1,958,070 $587,829 $1,370,241
2023 $23,094 $2,080,500 $625,350 $1,455,150
2022 $21,035 $1,895,000 $568,500 $1,326,500
2021 $21,035 $1,895,000 $568,500 $1,326,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAAX2019704

Bright MLS

APN: 075.03-1B-504