NOT LISTED FOR SALE

3245 K St NW Unit C2 Washington, DC 20007

Georgetown Neighborhood

Estimated Value: $7,196,013

2 Beds
2 Baths
3,250 Sq Ft
$1,324/mo HOA Fee

Last Sold March 04, 2021

Last sale price $3,091,240 $951 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $41,814/month

121 Days on Market

Highlights

  • Water Oriented
  • Community Pool
  • Level Entry For Accessibility
  • Hyde Addison Elementary School Rated A
  • On-Site Parking for Sale
  • 4-minute walk to Rock Creek Park South

About This Home

As of March 2021

Potomac River House live work condominiums. Shell condition loft style ready for your interior improvements. One condominium of 6,500 square feet to be subdivided into 2 units: Unit 200 to be 3,250 square feet, and Unit 201 also 3,250 square feet for $2,420,000. Will sell whole condominium for $4,840,000. 3 parking spaces available for each unit at a cost of $100,000 per parking space. Subject to condominium subdivision. Additionally, the first floor directly below this unit(s) is available (see listing: MLS# DCDC490478). Owner reserves the right to not sell one unit/portion of condominium if entire condominium/both units not sold. Pool and patio on roof. Text showing contact.

Last Agent to Sell the Property

John Duffy

(202) 255-0746 jduffy@summitcre.com Summit Commercial Real Estate, LLC. Listed on: 10/05/2020

Last Buyer's Agent

Daniel Heider

(703) 785-7820 daniel@danielheider.com TTR Sotheby's International Realty License #SP98372854

TTR Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,230

Year Built

  • Built in 1978

Lot Details

  • 1,742

HOA Fees

  • $1,324 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • On-Site Parking for Sale
  • Parking Fee

Home Design

  • Entry on the 2nd floor
  • Brick Exterior Construction

Interior Spaces

  • 3,250 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Water Oriented
  • River Nearby
  • Waterfront Park

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1187//2329

Community Details

Overview

  • Association fees include water, sewer, common area maintenance
  • Georgetown Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,230

Year Built

Built in 1978

Lot Details

0

HOA Fees

$1,324 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Architectural Style: Loft
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 3250
  • Living Area Sq Ft: 3250
  • Price Per Sq Ft: 744.62
  • Above Grade Finished Sq Ft: 3250
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Water Body Name: Potomac River
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: No
  • Parking Features: Parking Fee, On-Site - Sale
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1324.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Water, Sewer, Common Area Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Improvement Assessed Value: 1013610.00
  • Land Assessed Value: 427980.00
  • Soil Types: Unknown
  • Zoning: MU13
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16111555
  • Tax Annual Amount: 23230.00
  • Assessor Parcel Number: 1187//2329
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Park

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2020
Closed on
Mar 4, 2021
Sold by
Velore Llc
Bought by
Water Street Holdings Llc
Seller's Agent
John Duffy
Summit Commercial Real Estate, LLC.
Buyer's Agent
Daniel Heider
TTR Sotheby's International Realty
List Price
$2,420,000
Sold Price
$3,091,240
Premium/Discount to List
$671,240
27.74%
Current Estimated Value
$7,196,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,104,773
Avg. Annual Appreciation
19.42%
Original Mortgage
$5,250,000
Outstanding Balance
$4,695,548
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,500,465

Purchase Details

Closed on
Aug 1, 2007
Sold by
Limited Liability Co
Bought by
Velore Llc

Purchase Details

Closed on
Dec 28, 2005
Sold by
Scrupples Inc
Bought by
3255 Georgetown Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Water Street Holdings Llc $5,250,000 Settlement Ink
Velore Llc $4,700,000 --
3255 Georgetown Llc $3,450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Water Street Holdings Llc $5,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2021 03/04/21 Sold $3,091,240 +27.7% $951 / Sq Ft
10/06/2020 10/06/20 For Sale $2,420,000 -21.7% $745 / Sq Ft
10/05/2020 10/05/20 Off Market $3,091,240 -- --
10/05/2020 10/05/20 For Sale $1,690,000 -- $520 / 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 $31,660 $1,918,800 $479,590 $1,439,210
2024 $29,075 $1,762,100 $479,590 $1,282,510
2023 $29,100 $1,763,620 $470,180 $1,293,440
2022 $25,698 $1,557,480 $470,180 $1,087,300
2021 $25,693 $1,557,130 $470,180 $1,086,950
2020 $25,079 $1,519,950 $427,430 $1,092,520
2019 $24,635 $1,493,060 $388,580 $1,104,480
2018 $24,788 $1,502,320 $0 $0
2017 $24,196 $1,466,450 $0 $0
2016 $24,331 $1,474,590 $0 $0
2015 $22,383 $1,356,520 $0 $0
2014 $20,814 $1,261,460 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Duffy

    Seller's Agent in 2021

    John Duffy

    Summit Commercial Real Estate, LLC.

    (202) 255-0746

    2 in this area

    5 Total Sales

    John Duffy
    Section Image
  • Daniel Heider

    Buyer's Agent in 2021

    Daniel Heider

    TTR Sotheby's International Realty

    (703) 785-7820

    29 in this area

    425 Total Sales

    Daniel Heider
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DCDC490508

Bright MLS

APN: 1187-2329

District of Columbia District of Columbia County Washington 20007 Georgetown

3245 K St NW Unit C2, Washington, DC

Not Listed for Sale

Condos

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