NOT LISTED FOR SALE

Estimated Value: $407,000 - $445,000

1 Bed
1 Bath
666 Sq Ft
$181/mo HOA Fee

Last Sold March 24, 2023

Last sale price $448,500 $673 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,738/month

17 Days on Market

Highlights

  • Victorian Architecture
  • 5-minute walk to Mount Vernon Square/7Th St-Convention Center
  • Dogs and Cats Allowed
  • Central Heating and Cooling System

About This Home

As of March 2023

Seize the opportunity to own this spectacular 1 BR + DEN condominium residence in Mt Vernon Square. Benefit from the easy access outdoor access, location, and LOW condo fee.
This terrace-level flat is nested in a handsome historic Brownstone with a private entrance. The unit offers beautiful engineered flooring, stainless steel appliances, quartz countertops, recessed lighting, a charming bay window with custom wood shutters, an in-unit washer/dryer, and a friendly and modern layout! In addition, the building offers a low condo fee ($181 mo) and a great location close to grocery stores, restaurants, transportation, and so much more! A half-mile stroll to the Mount Vernon Square Metro and walkable to the Penn Quarter.

Last Agent to Sell the Property

Andre Perez

Compass License #BR986378386 Listed on: 02/09/2023

Compass

Last Buyer's Agent

Jill Aharon

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,142

Year Built

  • Built in 1890 | Remodeled in 2007

Lot Details

  • 479

HOA Fees

  • $181 Monthly HOA Fees

Home Design

  • Victorian Architecture
  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 666 Sq Ft Home
  • Property has 1 Level
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 2050
  • Assessor Parcel Number 0514//2050

Community Details

Overview

  • Association fees include exterior building maintenance, water, sewer, reserve funds
  • Low-Rise Condominium
  • The Palermo Condos, Phone Number (202) 365-7868
  • The Palermo Community
  • Mt Vernon Square Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,142

Year Built

Built in 1890 | Remodeled in 2007

Lot Details

0

HOA Fees

$181 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Victorian
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1890
  • Year Renovated: 2007
  • Automatically Close On Close Date: No
  • Remarks Public: Seize the opportunity to own this spectacular 1 BR + DEN condominium residence in Mt Vernon Square. Benefit from the easy access outdoor access, location, and LOW condo fee. This terrace-level flat is nested in a handsome historic Brownstone with a private entrance. The unit offers beautiful engineered flooring, stainless steel appliances, quartz countertops, recessed lighting, a charming bay window with custom wood shutters, an in-unit washer/dryer, and a friendly and modern layout! In addition, the building offers a low condo fee ($181 mo) and a great location close to grocery stores, restaurants, transportation, and so much more! A half-mile stroll to the Mount Vernon Square Metro and walkable to the Penn Quarter.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 666
  • Living Area Sq Ft: 666
  • Price Per Sq Ft: 673.42
  • Above Grade Finished Sq Ft: 666
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 442

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: Stone, 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: Natural Gas
  • 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: 181.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Palermo
  • Condo Co-Op Phone: 2023657868
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Water, Sewer, Reserve Funds
  • 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: 277070.00
  • Land Assessed Value: 118740.00
  • Soil Types: Urban Land Not Rated
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL
  • In City Limits: No

Rental Info

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

Tax Info

  • Assessor Parcel Number: 16161236
  • Tax Annual Amount: 3142.00
  • Assessor Parcel Number: 0514//2050
  • Tax Lot: 2050
  • Tax Total Finished Sq Ft: 666
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 03/24/2023

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Mar 24, 2023
Sold by
Salazar Daniel Hincapie
Bought by
Eilbacher Lucy Elizabeth
Seller's Agent
Andre Perez
Compass
Buyer's Agent
Jill Aharon
Coldwell Banker Realty
List Price
$448,500
Sold Price
$448,500
Views
17
Current Estimated Value
$430,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,542
Avg. Annual Appreciation
-1.29%
Original Mortgage
$403,650
Outstanding Balance
$393,651
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$40,912

Purchase Details

Listed on
Dec 5, 2019
Closed on
Jan 2, 2020
Sold by
Donahue Timothy E
Bought by
Salazar Daniel Hincapie
Seller's Agent
Roby Thompson
Long & Foster Real Estate, Inc.
Buyer's Agent
Holly Beville
Compass
List Price
$419,000
Sold Price
$419,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.14%
Original Mortgage
$335,200
Interest Rate
3.6%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 24, 2015
Closed on
Aug 31, 2015
Sold by
Harber Kevin
Bought by
Danahue Timothy E
Seller's Agent
Jennifer Wong
W Homes LLC
Buyer's Agent
Thomas Gordon
RLAH @properties
List Price
$399,000
Sold Price
$387,500
Premium/Discount to List
-$11,500
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.82%
Original Mortgage
$310,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 14, 2012
Closed on
Apr 5, 2013
Sold by
Mickenna Martha E
Bought by
Harber Kevin
Seller's Agent
Katherine Sheckells
Compass
Buyer's Agent
Jennifer Wong
W Homes LLC
List Price
$388,000
Sold Price
$375,000
Premium/Discount to List
-$13,000
-3.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.37%
Original Mortgage
$383,062
Interest Rate
3.55%
Mortgage Type
VA

Purchase Details

Closed on
Dec 17, 2007
Sold by
442 M Street Llc
Bought by
Mckenna Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 1996
Sold by
Home Corp
Bought by
Gross Sophina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,400
Interest Rate
6.99%
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
Eilbacher Lucy Elizabeth $448,500 --
Salazar Daniel Hincapie $419,000 Original Title & Escrow
Danahue Timothy E $387,500 None Available
Harber Kevin $375,000 --
Mckenna Martha $355,000 --
Gross Sophina M $102,340 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eilbacher Lucy Elizabeth $403,650
Previous Owner Salazar Daniel Hincapie $335,200
Previous Owner Danahue Timothy E $310,000
Previous Owner Harber Kevin $383,062
Previous Owner Mckenna Martha $284,000
Previous Owner Gross Sophina M $83,400
Closed Gross Sophina M $21,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $448,500 0.0% $673 / Sq Ft
02/09/2023 02/09/23 For Sale $448,500 +7.0% $673 / Sq Ft
01/02/2020 01/02/20 Sold $419,000 0.0% $629 / Sq Ft
12/10/2019 12/10/19 Pending -- -- --
12/05/2019 12/05/19 For Sale $419,000 +8.1% $629 / Sq Ft
08/31/2015 08/31/15 Sold $387,500 -2.9% $554 / Sq Ft
07/31/2015 07/31/15 Pending -- -- --
07/24/2015 07/24/15 For Sale $399,000 +6.4% $570 / Sq Ft
04/05/2013 04/05/13 Sold $375,000 0.0% $536 / Sq Ft
01/17/2013 01/17/13 Pending -- -- --
12/10/2012 12/10/12 Price Changed $375,000 -3.4% $536 / Sq Ft
11/14/2012 11/14/12 For Sale $388,000 -- $554 / 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 $2,506 $397,080 $119,120 $277,960
2023 $2,882 $395,810 $118,740 $277,070
2022 $3,142 $383,410 $115,020 $268,390
2021 $3,053 $372,480 $111,740 $260,740
2020 $3,059 $359,880 $107,960 $251,920
2019 $2,338 $349,870 $104,960 $244,910
2018 $2,200 $332,170 $0 $0
2017 $2,194 $330,590 $0 $0
2016 $2,323 $345,010 $0 $0
2015 $2,071 $329,900 $0 $0
2014 -- $292,890 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2083458

Bright MLS

APN: 0514-2050