NOT LISTED FOR SALE

5040 1st St NW Unit 402 Washington, DC 20011

Petworth Neighborhood

Estimated Value: $313,000 - $411,926

2 Beds
2 Baths
896 Sq Ft
$410/mo HOA Fee

Last Sold October 18, 2019

Last sale price $393,500 $439 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,554/month

Highlights

  • Traditional Architecture
  • Picnic Area
  • Forced Air Heating and Cooling System

About This Home

As of October 2019

Celebrate Fall in your new home! This charming 2 Bedroom, 2 Bathroom penthouse unit is located in a boutique condo building situated in the booming neighborhood of Petworth. This sun-filled unit features beautiful hardwood floors throughout, an open living area, separate dining, upgraded kitchen with a breakfast bar, spacious bedrooms with huge walk-in closets and perfectly-remodeled en-suite bathrooms for each one. It doesn't stop there! Make your way to the rooftop terrace and enjoy the fresh air and picture-worthy views of the city or grill out with friends in the spacious fenced-in backyard exclusively for condo residents. HVAC system only 3 years young, Washer/Dryer in-unit. Live close to METRO! Quick access to the grocery store and local favorites such as Library Tavern, Andrene's, Anxo, Metropolitan Branch Bike Trail, and Capital Bike Share. Don't miss this opportunity to call this place home!

Last Agent to Sell the Property

Sarah Brown

(703) 973-4525 sarah@bidwellproperties.com Bidwell Properties License #0225233315 Listed on: 09/17/2019

Bidwell Properties

Last Buyer's Agent

Cheryl Shaw

(202) 823-9313 dcurbannest@gmail.com Area Real Estate License #BR200201626

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,244

Year Built

  • Built in 1937

Lot Details

  • 871

HOA Fees

  • $410 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 896 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 2012
  • Assessor Parcel Number 3403//2012

Community Details

Overview

  • Association fees include water, common area maintenance, custodial services maintenance, exterior building maintenance, management, reserve funds, snow removal, trash
  • Low-Rise Condominium
  • Petworth Community
  • Petworth Subdivision

Amenities

  • Picnic Area
  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,244

Year Built

Built in 1937

Lot Details

0

HOA Fees

$410 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2019-09-17
  • Year Built: 1937
  • Remarks Public: Celebrate Fall in your new home! This charming 2 Bedroom, 2 Bathroom penthouse unit is located in a boutique condo building situated in the booming neighborhood of Petworth. This sun-filled unit features beautiful hardwood floors throughout, an open living area, separate dining, upgraded kitchen with a breakfast bar, spacious bedrooms with huge walk-in closets and perfectly-remodeled en-suite bathrooms for each one. It doesn't stop there! Make your way to the rooftop terrace and enjoy the fresh air and picture-worthy views of the city or grill out with friends in the spacious fenced-in backyard exclusively for condo residents. HVAC system only 3 years young, Washer/Dryer in-unit. Live close to METRO! Quick access to the grocery store and local favorites such as Library Tavern, Andrene's, Anxo, Metropolitan Branch Bike Trail, and Capital Bike Share. Don't miss this opportunity to call this place home!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 896
  • Living Area Sq Ft: 896
  • Price Per Sq Ft: 439.17
  • Above Grade Finished Sq Ft: 896
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5040

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
  • 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: Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 410.25
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Picnic Area
  • HOA Condo Co-Op Fee Includes: Water, Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Management, Reserve Funds, Snow Removal, Trash
  • 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: 257270.00
  • Land Assessed Value: 110260.00
  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 813.00
  • Soil Types: Unknown
  • Year Assessed: 2018
  • Zoning: RA-1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16165595
  • Tax Annual Amount: 2244.00
  • Assessor Parcel Number: 3403//2012
  • Tax Lot: 2012
  • Tax Total Finished Sq Ft: 896
  • Tax Year: 2018
  • Close Date: 10/18/2019

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2019
Closed on
Oct 18, 2019
Sold by
Smith Kyle A and Smith Cheryl
Bought by
Menwyelet Melat
Seller's Agent
Sarah Brown
Bidwell Properties
Buyer's Agent
Cheryl Shaw
Area Real Estate
List Price
$393,500
Sold Price
$393,500
Current Estimated Value
$371,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,018
Avg. Annual Appreciation
-0.96%
Original Mortgage
$381,695
Outstanding Balance
$334,384
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$37,098

Purchase Details

Listed on
Mar 18, 2016
Closed on
Apr 25, 2016
Sold by
The Patrick A Hill Living Trust
Bought by
Smith Kyle A and Smith Cheryl
Seller's Agent
Alex Goumilevski
RE/MAX Realty Services
Buyer's Agent
Nicole Butler
Keller Williams Capital Properties
List Price
$349,000
Sold Price
$360,000
Premium/Discount to List
$11,000
3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.59%
Original Mortgage
$349,200
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2009
Sold by
The Berkeley House Llc
Bought by
Hill Patrick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,537
Interest Rate
5.5%
Mortgage Type
FHA
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
Menwyelet Melat $393,500 None Available
Smith Kyle A $360,000 Answer Title
Hill Patrick A $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Menwyelet Melat $381,695
Previous Owner Smith Kyle A $349,200
Previous Owner Hill Patrick A $240,537
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2019 10/18/19 Sold $393,500 0.0% $439 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
09/20/2019 09/20/19 Price Changed $393,500 0.0% $439 / Sq Ft
09/20/2019 09/20/19 For Sale $393,500 0.0% $439 / Sq Ft
09/17/2019 09/17/19 Off Market $393,500 -- --
09/17/2019 09/17/19 For Sale $393,355 +9.3% $439 / Sq Ft
04/25/2016 04/25/16 Sold $360,000 +3.2% $402 / Sq Ft View Prior Sale
03/22/2016 03/22/16 Pending -- -- --
03/18/2016 03/18/16 For Sale $349,000 -- $390 / 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 $2,346 $378,190 $113,460 $264,730
2023 $2,581 $402,390 $120,720 $281,670
2022 $2,499 $386,490 $115,950 $270,540
2021 $2,522 $386,290 $115,890 $270,400
2020 $2,568 $377,800 $113,340 $264,460
2019 $2,457 $367,530 $110,260 $257,270
2018 $2,245 $356,080 $0 $0
2017 $2,049 $313,450 $0 $0
2016 $1,851 $293,470 $0 $0
2015 $1,685 $269,690 $0 $0
2014 -- $258,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sarah Brown

    Seller's Agent in 2019

    Sarah Brown

    Bidwell Properties

    (703) 973-4525

    5 in this area

    156 Total Sales

    Sarah Brown
    Section Image
  • Cheryl Shaw

    Buyer's Agent in 2019

    Cheryl Shaw

    Area Real Estate

    (202) 823-9313

    33 Total Sales

    Cheryl Shaw
    Section Image
  • Alex Goumilevski

    Seller's Agent in 2016

    Alex Goumilevski

    RE/MAX

    (240) 401-9142

    189 Total Sales

    Alex Goumilevski
    Section Image
  • Nicole Butler

    Buyer's Agent in 2016

    Nicole Butler

    Keller Williams Capital Properties

    (202) 580-8061

    12 Total Sales

    Nicole Butler
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DCDC442082

Bright MLS

APN: 3403-2012

District of Columbia District of Columbia County Washington 20011 Petworth

5040 1st St NW Unit 402, Washington, DC

This home is located at 5040 1st St NW Unit 402, Washington, DC 20011 since 17 September 2019 and is currently estimated at $371,482, approximately $414 per square foot. This property was built in 1937. 5040 1st St NW Unit 402 is a home located in District of Columbia with nearby schools including Barnard Elementary School, MacFarland Middle School, and Roosevelt High School @ MacFarland.

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