NOT LISTED FOR SALE

Estimated Value: $442,360 - $515,000

2 Beds
1 Bath
825 Sq Ft
$594/mo HOA Fee

Last Sold September 29, 2023

Last sale price $495,000 $600 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,405/month

50 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • City View
  • Fitness Center
  • Gourmet Kitchen
  • 3-minute walk to 3rd & I Street Park

About This Home

As of September 2023

Welcome to this spacious 2 bedroom unit in Potomac Place Condo in Southwest Waterfront DC. The open concept living and dining room is large and offers wood floors throughout plus a great corner area with floor-to-ceiling windows that can be an office space, reading nook, or plant corner. The unit also features a private balcony just off the living room. The kitchen is so fun – the cabinets are a really cool shade of blue and features black granite countertops and updated stainless-steel appliances. There is also a large breakfast bar to entertain friends while you are cooking.

As you enter the unit, the second bedroom or den is just on your right. This space would make a great office, library, exercise area, etc and features a bright forest wallpaper. The primary bedroom features a large closet with an Elfa storage system. The full-size laundry is located in the bathroom which also has a shower/tub combo and a linen closet. The wall-to-wall windows throughout this condo are one of the main features and bring in so much light; they face south so there is light all day long.

Potomac Place Condominium was developed by Monument Realty in 2003-2004 and features two buildings (302 total units). There are so many amenities including: 24 hour concierge and package delivery, an outdoor pool with sundeck, common areas, two Fitness Centers, Business Center, Community Room, convenience key/lockout service, and security. In addition to all of these amenities, this condo comes with one secured, covered, and assigned parking spot (P1-90).

If all of that wasn’t enough, let’s now turn to location. Potomac Place Condo is located in Southwest Waterfront, just 3 blocks from the Wharf, 4 blocks from the National Mall, and 8 blocks from Nats Park or Audi Field. Commuting? You can walk to 3 metro stations on the orange and green lines. If you commute by car, this condo is right off 395 so you can be on the highway in minutes. The new SW Public Library is across the street. Shopping, restaurants, entertainment, museums, and one block to Safeway – this is true city living.

Improvements: Appliances new 2021; HVAC new 2020-2021; Tankless water heater 2020-2021; Washer/dryer new 2019; Elfa closet system
Condo fee: $544 fee + $50 parking = $594
Condo amenities: Pool, Common areas, Fitness Center, Business Center, Community Room, 24 hr Concierge and package delivery, convenience key/lockout service, security
Shared with Potomac Place Towers

Condo fee includes: Water, Parking, Trash, Amenities
Parking space: P1-90, Extra wide, covered, gated entry
Storage units are available for purchase/rent.
Pet policy: Dogs and cats ok. Dogs must be under 30 lbs. Dogs $185/yr, cats $90/yr

Last Agent to Sell the Property

Melissa Terzis

(202) 253-9105 melissa@melissaterzis.com TTR Sotheby's International Realty License #638242 Listed on: 07/12/2023

TTR Sotheby's International Realty

Co-Listed By

Hannah Clancy-Thompson

(301) 377-9757 hannah@rewealthrescuer.com TTR Sotheby's International Realty License #225263271

Last Buyer's Agent

Barak Sky

(301) 742-5759 baraksky@gmail.com Serhant License #SP600552

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,150

Year Built

  • Built in 2004

Lot Details

  • 436

HOA Fees

  • $594 Monthly HOA Fees

Parking

  • 1 Subterranean Space
  • Assigned parking located at #P1-90

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 825 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Combination Dining and Living Room
  • Den
  • City Views

Kitchen

  • Gourmet Kitchen
  • Oven
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps
  • More Than Two Accessible Exits

Schools

  • Amidon-Bowen Elementary School
  • Jefferson Middle School Academy
  • Eastern High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Balcony
  • Property is in very good condition

Listing and Financial Details

  • Tax Lot 2530
  • Assessor Parcel Number 0540//2530

Community Details

Overview

  • Association fees include management, insurance, lawn maintenance, reserve funds, common area maintenance, sewer, parking fee, trash, exterior building maintenance, pool(s), water
  • 302 Units
  • Mid-Rise Condominium
  • Potomac Place Condominiums
  • Built by MONUMENT
  • Rla Subdivision
  • Property Manager

Amenities

  • Concierge
  • Community Center
  • Meeting Room

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,150

Year Built

Built in 2004

Lot Details

0

HOA Fees

$594 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: 2+ Access Exits, Elevator, No Stairs
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-07-12
  • Federal Flood Zone: No
  • Year Built: 2004
  • Assigned Parking Space Numbers: P1-90
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven - Single, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 1
  • Interior Amenities: Kitchen - Gourmet, Floor Plan - Traditional, Combination Dining/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Upgraded Countertops, Walk-In Closet(s), Ceiling Fan(s)
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen, Den, Bedroom 1, Bathroom 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Has Laundry, Main Floor, Washer In Unit
  • Total Sq Ft: 825
  • Living Area Sq Ft: 825
  • Price Per Sq Ft: 605.94
  • Above Grade Finished Sq Ft: 825
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 355

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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
  • Exterior Features: Sidewalks
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Underground
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 594.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Potomac Place Condominiums
  • HOA Condo Co-Op Amenities: Swimming Pool, Fitness Center, Security, Community Center, Concierge, Elevator, Meeting Room, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Management, Insurance, Lawn Maintenance, Reserve Funds, Common Area Maintenance, Sewer, Parking Fee, Trash, Ext Bldg Maint, Pool(s), Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Elementary School: AMIDON-BOWEN
  • Middle School: JEFFERSON MIDDLE SCHOOL ACADEMY
  • High School: EASTERN
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140357950
  • School District Source: Listing Agent
  • Elementary School: AMIDON-BOWEN
  • High School: EASTERN
  • Middle Or Junior School: JEFFERSON MIDDLE SCHOOL ACADEMY

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Soil Types: Urban Land-Sassafras-Chillum
  • Year Assessed: 2022
  • Zoning: 000
  • In City Limits: Yes

Building Info

  • Builder Name: MONUMENT

Rental Info

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

Tax Info

  • Tax Annual Amount: 3150.00
  • Assessor Parcel Number: 0540//2530
  • Tax Lot: 2530
  • Tax Total Finished Sq Ft: 825
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 09/29/2023

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Sep 29, 2023
Sold by
Hoover Katherine N
Bought by
Grogan-Brown Julianna
Seller's Agent
Melissa Terzis
TTR Sotheby's International Realty
Buyer's Agent
Barak Sky
Serhant
List Price
$499,900
Sold Price
$495,000
Premium/Discount to List
-$4,900
-0.98%
Views
90
Current Estimated Value
$483,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,410
Avg. Annual Appreciation
-1.12%
Original Mortgage
$340,000
Outstanding Balance
$333,314
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$150,276

Purchase Details

Listed on
Sep 5, 2018
Closed on
Oct 30, 2018
Sold by
Sand Erik A
Bought by
Hoover Katherine N
Seller's Agent
Sergio Herrera
SCOUT PROPERTIES L.L.C
Buyer's Agent
Melissa Terzis
TTR Sotheby's International Realty
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.84%
Original Mortgage
$403,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 2, 2012
Closed on
Jul 26, 2012
Sold by
Nagel Kelly S
Bought by
Sand Erik A
Seller's Agent
Andrew Turczyn
Compass
Buyer's Agent
John Kozyn
Century 21 Redwood Realty
List Price
$399,900
Sold Price
$366,000
Premium/Discount to List
-$33,900
-8.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%
Original Mortgage
$288,000
Interest Rate
3.74%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Grogan-Brown Julianna $495,000 Rgs Title
Hoover Katherine N $475,000 Kvs Title Llc
Sand Erik A $366,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grogan-Brown Julianna $340,000
Previous Owner Hoover Katherine N $403,750
Previous Owner Sand Erik A $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2023 09/29/23 Sold $495,000 -1.0% $600 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $499,900 +5.2% $606 / Sq Ft
10/31/2018 10/31/18 Sold $475,000 -2.9% $576 / Sq Ft View Prior Sale
09/26/2018 09/26/18 Pending -- -- --
09/17/2018 09/17/18 Price Changed $489,000 -1.2% $593 / Sq Ft
09/05/2018 09/05/18 For Sale $495,000 +35.2% $600 / Sq Ft
07/26/2012 07/26/12 Sold $366,000 -6.2% $387 / Sq Ft View Prior Sale
06/14/2012 06/14/12 Pending -- -- --
06/08/2012 06/08/12 Price Changed $390,000 -2.5% $413 / Sq Ft
05/02/2012 05/02/12 For Sale $399,900 -- $423 / 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 $3,060 $462,280 $138,680 $323,600
2023 $3,065 $459,310 $137,790 $321,520
2022 $3,150 $463,090 $138,930 $324,160
2021 $3,086 $452,730 $135,820 $316,910
2020 $3,101 $440,480 $132,140 $308,340
2019 $3,008 $428,770 $128,630 $300,140
2018 $2,931 $418,230 $0 $0
2017 $2,833 $405,700 $0 $0
2016 $2,584 $375,670 $0 $0
2015 $2,449 $359,550 $0 $0
2014 -- $337,970 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2101946

Bright MLS

APN: 0540-2530