NOT LISTED FOR SALE

Estimated Value: $434,000 - $488,944

1 Bed
1.5 Baths
727 Sq Ft
$286/mo HOA Fee

Last Sold October 25, 2021

Last sale price $429,000 $590 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,049/month

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • 1 Fireplace
  • Oyster-Adams Bilingual School Rated A-
  • Main Floor Bedroom
  • 2-minute walk to Marie Reed Recreation Center

About This Home

As of October 2021

Welcome to The Madrid Condominium in the heart of Adams Morgan! This 2-level, 1 bedroom, 1.5-bath condo is ideally located on the top floor. At 727 square feet, this is one of the largest units in the building. The condo features hardwood floors, a wood-burning fireplace, a huge skylight above the staircase, recessed lighting, an in-unit washer and dryer, ceiling fans on both floors and ample closet space. The renovated kitchen offers plenty of counter space and allows for open concept living, since the wall was removed between the kitchen and living area.

The many large windows and skylight flood the condo with natural light and the wood-burning fireplace is perfect for those cold winter nights. A powder room off the living area means no running up and down the stairs for you or your guests. The oversized bedroom offers plenty of closet space and enough room for a king-size bed. A wall of windows continues into the en-suite bath where you’ll conveniently get your day started.

Additionally, unit 312 conveys with a separate, oversized storage unit, perfect for luggage, gear, etc. and the use of indoor bicycle storage in the basement.
If all that’s not enough, the building boasts a furnished roof deck with sweeping city views, ideal for entertaining, sunning or watching the July 4th fireworks.

The Madrid is a pet-friendly, low fee, secured, and professionally managed building. There are opportunities to rent parking on site for approximately $200/month or rent a covered garage parking spot at Colonial Parking across the street.

Located in one of the liveliest parts of the city, The Madrid offers multiple parks, shopping, dining, fitness studios, and entertainment — all at your doorstep. Walk to Dupont Circle, Woodley Park, and U Street or take advantage of the metro stops nearby to help you navigate the city.

Welcome home!

Last Agent to Sell the Property

Matt Kahan

(703) 915-9125 mattkahan@mandyanddavid.com Compass License #RS-0040108 Listed on: 09/09/2021

Compass

Co-Listed By

Tyler Garrison

(202) 256-2132 tyler.garrison@compass.com Compass License #SP98367155

Last Buyer's Agent

Jennifer Young

(703) 651-5655 jennifer@jyhteam.com Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,844

Year Built

  • Built in 1908

Lot Details

  • 348

HOA Fees

  • $286 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor
  • Brick Exterior Construction

Interior Spaces

  • 727 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Skylights
  • 1 Fireplace
  • Combination Kitchen and Living

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2067
  • Assessor Parcel Number 2552//2067

Community Details

Overview

  • Association fees include water, sewer, trash, common area maintenance, insurance
  • Low-Rise Condominium
  • The Madrid Condos
  • Madrid Community
  • Adams Morgan Subdivision
  • Property Manager

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,844

Year Built

Built in 1908

Lot Details

0

HOA Fees

$286 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1908
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to The Madrid Condominium in the heart of Adams Morgan! This 2-level, 1 bedroom, 1.5-bath condo is ideally located on the top floor. At 727 square feet, this is one of the largest units in the building. The condo features hardwood floors, a wood-burning fireplace, a huge skylight above the staircase, recessed lighting, an in-unit washer and dryer, ceiling fans on both floors and ample closet space. The renovated kitchen offers plenty of counter space and allows for open concept living, since the wall was removed between the kitchen and living area. The many large windows and skylight flood the condo with natural light and the wood-burning fireplace is perfect for those cold winter nights. A powder room off the living area means no running up and down the stairs for you or your guests. The oversized bedroom offers plenty of closet space and enough room for a king-size bed. A wall of windows continues into the en-suite bath where you’ll conveniently get your day started. Additionally, unit 312 conveys with a separate, oversized storage unit, perfect for luggage, gear, etc. and the use of indoor bicycle storage in the basement. If all that’s not enough, the building boasts a furnished roof deck with sweeping city views, ideal for entertaining, sunning or watching the July 4th fireworks. The Madrid is a pet-friendly, low fee, secured, and professionally managed building. There are opportunities to rent parking on site for approximately $200/month or rent a covered garage parking spot at Colonial Parking across the street. Located in one of the liveliest parts of the city, The Madrid offers multiple parks, shopping, dining, fitness studios, and entertainment — all at your doorstep. Walk to Dupont Circle, Woodley Park, and U Street or take advantage of the metro stops nearby to help you navigate the city. Welcome home!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Stove, Washer
  • Entry Floor: 3
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Skylight(s)
  • Fireplaces Count: 1
  • Floors In Unit Count: 2
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 727
  • Living Area Sq Ft: 727
  • Price Per Sq Ft: 590.10
  • Above Grade Finished Sq Ft: 727
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2300

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Block
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 286.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Madrid
  • HOA Condo Co-Op Fee Includes: Water, Sewer, Trash, Common Area Maintenance, Insurance
  • 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: 323520.00
  • Land Assessed Value: 138650.00
  • Soil Types: Unknown
  • Year Assessed: 2020
  • Zoning: RF1
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 16034326
  • Tax Annual Amount: 3844.00
  • Assessor Parcel Number: 2552//2067
  • Tax Lot: 2067
  • Tax Total Finished Sq Ft: 727
  • Tax Year: 2020
  • Close Date: 10/25/2021

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2021
Closed on
Oct 21, 2021
Sold by
Drinkhall James A and Drinkhall Judy M
Bought by
Al-Hakimi Amal
Seller's Agent
Matt Kahan
Compass
Buyer's Agent
Jennifer Young
Keller Williams Realty
List Price
$429,000
Sold Price
$429,000
Current Estimated Value
$457,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,736
Avg. Annual Appreciation
1.64%
Original Mortgage
$343,200
Outstanding Balance
$313,329
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$144,407

Purchase Details

Closed on
Aug 20, 2004
Sold by
Renzulli Anthony
Bought by
Drinkhall Judy

Purchase Details

Closed on
Oct 25, 2001
Sold by
Dickstein Jason A
Bought by
Renzulli Anthony F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
6.86%

Purchase Details

Closed on
Nov 20, 1998
Sold by
Ross Ronald R
Bought by
Dickstein Jason A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,050
Interest Rate
6.49%
Source: Public Records

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
Al-Hakimi Amal $429,000 Metropolitan Title Llc
Drinkhall Judy $346,100 --
Renzulli Anthony F $192,500 --
Dickstein Jason A $98,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Al-Hakimi Amal $343,200
Previous Owner Renzulli Anthony F $192,500
Previous Owner Dickstein Jason A $95,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2021 10/25/21 Sold $429,000 0.0% $590 / Sq Ft
10/09/2021 10/09/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $429,000 0.0% $590 / Sq Ft
09/30/2021 09/30/21 Off Market $429,000 -- --
09/26/2021 09/26/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $429,000 0.0% $590 / Sq Ft
01/26/2016 01/26/16 Rented $2,150 -9.5% --
01/21/2016 01/21/16 Under Contract -- -- --
09/22/2015 09/22/15 For Rent $2,375 -- --
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 $4,034 $489,740 $146,920 $342,820
2023 $3,954 $479,930 $143,980 $335,950
2022 $3,869 $468,970 $140,690 $328,280
2021 $3,815 $462,170 $138,650 $323,520
2020 $3,844 $452,280 $135,680 $316,600
2019 $3,663 $430,890 $129,270 $301,620
2018 $3,663 $430,890 $0 $0
2017 $3,643 $428,530 $0 $0
2016 $3,486 $410,130 $0 $0
2015 $3,496 $411,320 $0 $0
2014 $3,221 $378,940 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2012930

Bright MLS

APN: 2552-2067