NOT LISTED FOR SALE

Park Tower 2440 16th St NW Unit 424 Washington, DC 20009

Adams Morgan Neighborhood

Estimated Value: $327,000 - $354,000

1 Bed
1 Bath
560 Sq Ft
$460/mo HOA Fee

Last Sold September 17, 2021

Last sale price $332,000 $593 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,592/month

16 Days on Market

Highlights

  • Concierge
  • Fitness Center
  • Wood Flooring
  • Marie Reed Elementary School Rated A-
  • Art Deco Architecture
  • 4-minute walk to Meridian Hill Park

About This Home

As of September 2021

Welcome to Park Tower, a stylish historic building on the National Register of Historic Places, located in the desirable Adams Morgan neighborhood. This 1BR 1BA condo has a serene western exposure of trees and sky. The home boasts a wall of windows filtering afternoon light, an open living – updated kitchen area, recessed lighting, a renovated bath, wide – planked engineered wood flooring, elfa fitted closets, Shade Store window treatments, heat and AC controlled directly in the unit, a washer/dryer hookup, and newer windows with easy access for cleaning. Should one desire, additional storage is available for rent. The handsome art deco building façade catches your attention and graciously opens onto the lobby with a staffed front desk. This notable building is pet friendly, offers a renovated fitness center and bike storage, has laundry facilities on every floor and an unbeatable location – across the street from the lush Meridian Hill Park, half a block to Harris Teeter, within blocks of three Metro stations, and all of the restaurants, shopping and nightlife in the Adams Morgan and U Street corridor neighborhoods. This property is a true gem and offers all the convenience of city living while providing a respite.

Last Agent to Sell the Property

Katrina Roeckelein

Coldwell Banker Realty - Washington License #528355 Listed on: 07/21/2021

Coldwell Banker Realty - Washington

Last Buyer's Agent

Liliana Klein

RE/MAX Allegiance

RE/MAX Allegiance

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,229

Year Built

  • Built in 1929

Lot Details

  • 261

HOA Fees

  • $460 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Art Deco Architecture
  • Brick Exterior Construction

Interior Spaces

  • 560 Sq Ft Home
  • Recessed Lighting
  • Window Treatments
  • Combination Kitchen and Living
  • Wood Flooring
  • Washer and Dryer Hookup

Kitchen

  • Built-In Oven
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Solar Water Heater
  • Property is in very good condition

Listing and Financial Details

  • Tax Lot 2090
  • Assessor Parcel Number 2571//2090

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, sewer, trash, water, insurance, snow removal, lawn maintenance, gas
  • Mid-Rise Condominium
  • Sarah Jackson/ Jeffrey Charles & Associates Condos, Phone Number (703) 924-5900
  • Park Tower Community
  • Adams Morgan Subdivision
  • Property has 5 Levels

Amenities

  • Concierge
  • Laundry Facilities

Recreation

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,229

Year Built

Built in 1929

Lot Details

0

HOA Fees

$460 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Art Deco
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-07-21
  • Federal Flood Zone: No
  • Year Built: 1929
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to Park Tower, a stylish historic building on the National Register of Historic Places, located in the desirable Adams Morgan neighborhood. This 1BR 1BA condo has a serene western exposure of trees and sky. The home boasts a wall of windows filtering afternoon light, an open living – updated kitchen area, recessed lighting, a renovated bath, wide – planked engineered wood flooring, elfa fitted closets, Shade Store window treatments, heat and AC controlled directly in the unit, a washer/dryer hookup, and newer windows with easy access for cleaning. Should one desire, additional storage is available for rent. The handsome art deco building façade catches your attention and graciously opens onto the lobby with a staffed front desk. This notable building is pet friendly, offers a renovated fitness center and bike storage, has laundry facilities on every floor and an unbeatable location – across the street from the lush Meridian Hill Park, half a block to Harris Teeter, within blocks of three Metro stations, and all of the restaurants, shopping and nightlife in the Adams Morgan and U Street corridor neighborhoods. This property is a true gem and offers all the convenience of city living while providing a respite.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Stove, Oven - Wall, Built-In Microwave, Refrigerator
  • Entry Floor: 4
  • Interior Amenities: Recessed Lighting, Window Treatments, Combination Kitchen/Living, Wood Floors
  • Fireplace: No
  • Levels Count: 5
  • Basement: No
  • Laundry Type: Hookup, Common
  • Total Sq Ft: 560
  • Living Area Sq Ft: 560
  • Price Per Sq Ft: 580.36
  • Above Grade Finished Sq Ft: 560
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2440

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
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas, Solar
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 460.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Sarah Jackson/ Jeffrey Charles & Associates
  • Condo Co-Op Phone: (703) 924-5900
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Fitness Center, Laundry Facilities, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Sewer, Trash, Water, Insurance, Snow Removal, Lawn Maintenance, Gas
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 241110.00
  • Land Assessed Value: 103330.00
  • Property Condition: Very Good
  • Soil Types: Urban Land-Sassafras-Chillum
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16035466
  • Tax Annual Amount: 2229.00
  • Assessor Parcel Number: 2571//2090
  • Tax Lot: 2090
  • Tax Total Finished Sq Ft: 560
  • Tax Year: 2020
  • Close Date: 09/17/2021

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Sep 17, 2021
Sold by
Riddell Jennifer
Bought by
Kakalec Catherine
Seller's Agent
Katrina Roeckelein
Coldwell Banker Realty - Washington
Buyer's Agent
Liliana Klein
RE/MAX Allegiance
List Price
$325,000
Sold Price
$332,000
Premium/Discount to List
$7,000
2.15%
Current Estimated Value
$344,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,772
Avg. Annual Appreciation
1.33%
Original Mortgage
$322,040
Outstanding Balance
$298,095
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$51,435

Purchase Details

Closed on
Mar 13, 2007
Sold by
Vacanit Victor L
Bought by
Riddell Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.33%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Kakalec Catherine $332,000 Community Title Network Llc
Riddell Jennifer $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kakalec Catherine $322,040
Previous Owner Riddell Jennifer $260,000
Previous Owner Riddell Jennifer L $46,200
Previous Owner Riddell Jennifer $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $332,000 +2.2% $593 / Sq Ft
07/21/2021 07/21/21 For Sale $325,000 -- $580 / 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 $2,735 $336,960 $101,090 $235,870
2023 $0 $349,000 $104,700 $244,300
2022 $2,520 $349,610 $104,880 $244,730
2021 $2,166 $344,440 $103,330 $241,110
2020 $2,230 $338,050 $101,410 $236,640
2019 $2,190 $332,470 $99,740 $232,730
2018 $2,189 $330,910 $0 $0
2017 $2,148 $325,120 $0 $0
2016 $2,081 $316,510 $0 $0
2015 $1,998 $309,480 $0 $0
2014 $1,827 $285,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katrina Roeckelein

    Seller's Agent in 2021

    Katrina Roeckelein

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (202) 425-9611

    1 in this area

    7 Total Sales

    Section Image
  • Liliana Klein

    Buyer's Agent in 2021

    Liliana Klein

    RE/MAX

    (301) 906-7718

    1 in this area

    9 Total Sales

    Section Image
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About Park Tower

Map

Source: Bright MLS

MLS Number: DCDC2002826

Bright MLS

APN: 2571-2090

District of Columbia District of Columbia County Washington 20009 Adams Morgan

2440 16th St NW Unit 424, Washington, DC

This home is located at 2440 16th St NW Unit 424, Washington, DC 20009 since 21 July 2021 and is currently estimated at $344,789, approximately $615 per square foot. This property was built in 1929. 2440 16th St NW Unit 424 is a home located in District of Columbia with nearby schools including Marie Reed Elementary School, Cardozo Education Campus, and Columbia Heights Education Campus.

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