NOT LISTED FOR SALE

Park Tower 2440 16th St NW Unit 124 Washington, DC 20009

Adams Morgan Neighborhood

Estimated Value: $281,000 - $340,000

1 Bed
1 Bath
538 Sq Ft
$461/mo HOA Fee

Last Sold February 29, 2024

Last sale price $280,100 $521 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,281/month

67 Days on Market

Highlights

  • Fitness Center
  • Art Deco Architecture
  • Heat Pump System
  • Marie Reed Elementary School Rated A-
  • Central Air
  • 4-minute walk to Meridian Hill Park

About This Home

As of February 2024

Back on the market - Contract Fell Through

Welcome to The Park Tower! Bright and sunny 1 bed 1 bath unit across the Meridian Hill Park., Large living room with tons of light and beautiful floors. The kitchen features a dishwasher, electric range, microwave, and refrigerator. The Bedroom has a wall of closet space and a wall of windows that let northern light stream in. The bathroom features a tub and shower. There is a washer and dryer right in your unit! Building amenities include a well-equipped gym.

Close to Adams Morgan, Columbia Heights, and U Street living. The building is right across the street from Meridan Hill Park. Walk to Harris Teeter, Trader Joe's, Starbucks, and many other shops and restaurants are just blocks away. Bus stop on 16th right out your front door goes up to Silver Spring or downtown DC on the S2 or the S4 buses.

Last Agent to Sell the Property

Lou Costanza

(202) 483-0711 lcostanza@costanzaandchan.com Chatel Real Estate, Inc. Listed on: 05/12/2023

Last Buyer's Agent

Craig Shireman

(202) 360-6062 craigshireman65@gmail.com Chatel Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,588

Year Built

  • Built in 1929

Lot Details

  • 261

HOA Fees

  • $461 Monthly HOA Fees

Home Design

  • Art Deco Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 538 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2021
  • Assessor Parcel Number 2571//2021

Community Details

Overview

  • Association fees include common area maintenance, reserve funds, sewer, trash, water
  • Mid-Rise Condominium
  • Park Towers Condos
  • Mount Pleasant Community
  • 16Th Street Heights Subdivision

Recreation

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,588

Year Built

Built in 1929

Lot Details

0

HOA Fees

$461 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Art Deco
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-05-12
  • Year Built: 1929
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 538
  • Living Area Sq Ft: 538
  • Price Per Sq Ft: 529.74
  • Above Grade Finished Sq Ft: 538
  • Above Grade Finished Area Units: Square Feet

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
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 461.38
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Park Towers
  • HOA Condo Co-Op Amenities: Fitness Center
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Reserve Funds, Sewer, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Soil Types: Chillum-Urban Land Complex
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2588.00
  • Assessor Parcel Number: 2571//2021
  • Tax Lot: 2021
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Feb 29, 2024
Sold by
Vacanti Victor
Bought by
Gross Peter Pinchas and Gross Jaffa
Seller's Agent
Lou Costanza
Chatel Real Estate, Inc.
Buyer's Agent
Craig Shireman
Chatel Real Estate, Inc.
List Price
$310,000
Sold Price
$280,100
Premium/Discount to List
-$29,900
-9.65%
Views
213
Current Estimated Value
$308,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,595
Avg. Annual Appreciation
5.65%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gross Peter Pinchas $280,100 Advantage Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $280,100 -1.7% $521 / Sq Ft
10/23/2023 10/23/23 Price Changed $285,000 -8.1% $530 / Sq Ft
09/28/2023 09/28/23 For Sale $310,000 0.0% $576 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $310,000 -- $576 / 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
2025 $2,356 $292,770 $87,830 $204,940
2024 $2,454 $303,830 $91,150 $212,680
2023 $2,551 $314,830 $94,450 $220,380
2022 $2,588 $318,180 $95,450 $222,730
2021 $2,549 $313,230 $93,970 $219,260
2020 $2,612 $307,330 $92,200 $215,130
2019 $2,547 $299,670 $89,900 $209,770
2018 $2,535 $298,260 $0 $0
2017 $2,491 $293,000 $0 $0
2016 $2,425 $285,340 $0 $0
2015 $2,064 $278,950 $0 $0
2014 $1,608 $259,410 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lou Costanza

    Seller's Agent in 2024

    Lou Costanza

    Chatel Real Estate, Inc.

    (202) 483-0711

    4 in this area

    48 Total Sales

    Lou Costanza
    Section Image

  • C

    Buyer's Agent in 2024

    Craig Shireman

    Chatel Real Estate, Inc.

    (202) 360-6062

    1 in this area

    8 Total Sales

    Craig Shireman
    Section Image
See All Agents

About Park Tower

Map

Source: Bright MLS

MLS Number: DCDC2092410

Bright MLS

APN: 2571-2021

District of Columbia District of Columbia County Washington 20009 Adams Morgan

2440 16th St NW Unit 124, Washington, DC

Not Listed for Sale

Condos

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