NOT LISTED FOR SALE

505 Park Rd NW Unit B Washington, DC 20010

Park View Neighborhood

Estimated Value: $789,917 - $831,000

3 Beds
3 Baths
1,623 Sq Ft
$278/mo HOA Fee

Last Sold April 19, 2023

Last sale price $850,000 $524 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,315/month

24 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Marble Flooring
  • City View
  • Contemporary Architecture
  • 4-minute walk to Park View Recreation Center

About This Home

As of April 2023

Welcome to 505 Park Road NW unit B, a 3BR | 3 BA + Private Rooftop in the heart of Park View, only a half block away from Georgia Avenue. Newly curated, this refreshing condo offers one the ability to entertain, work from home, work out at home, relax, or enjoy the numerous amenities within the Park View neighborhood. Upon entering, you are greeted with wide-plank white oak floors in a herringbone pattern, a spacious living room, a dining area, a kitchen with an Island for morning coffee, crown molding, and detailed millwork on accent walls. Off the kitchen area are a full bathroom and a main-level bedroom. It's all in the details on the main floor that include handmade Amish wood cabinetry with stain and Benjamin Moore paint colors, quartz countertops, matching designer brass hardware and fixtures, decorative kitchen backsplash that compliments the main living space, Bosch appliances, and enlarged doors to highlight the incredible ceiling height. The upstairs level features a sunny primary bedroom, ELFA customizable closet solutions in the primary walk-in closet, custom cabinetry in the primary bathroom with quartz countertops, dual sinks, and an oversized shower with a frameless glass door. Finishing the bedroom level is a laundry room, a third full bathroom, and a third bedroom. Walking distance to The Midlands Beer Garden, Hook Hall, Tabla, St. Vincent Wine, 0.5 miles to Georgia-Petworth Metro station, 0.6 miles to Safeway, and 1 mile from MedStar Washington Hospital Center. *See the features sheet for a complete list of all finishes.

Last Agent to Sell the Property

Josh Ross

RE/MAX Realty Services License #602391 Listed on: 02/23/2023

RE/MAX Realty Services

Last Buyer's Agent

Katherine Pennington

Compass License #SP200202420

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,018

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $278 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Spray Foam Insulation
  • Rigid Insulation
  • CPVC or PVC Pipes

Interior Spaces

  • 1,623 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • Combination Dining and Living Room
  • City Views

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Range Hood
  • Built-In Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on upper level
  • Front Loading Dryer
  • ENERGY STAR Qualified Washer

Home Security

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Community Details

Overview

  • $556 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, reserve funds, sewer, water
  • Low-Rise Condominium
  • The Archer Condominium Condos
  • Built by Urban Edge Development
  • Park View Subdivision

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,018

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$278 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Year Built: 2022
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 505 Park Road NW unit B, a 3BR | 3 BA + Private Rooftop in the heart of Park View, only a half block away from Georgia Avenue. Newly curated, this refreshing condo offers one the ability to entertain, work from home, work out at home, relax, or enjoy the numerous amenities within the Park View neighborhood. Upon entering, you are greeted with wide-plank white oak floors in a herringbone pattern, a spacious living room, a dining area, a kitchen with an Island for morning coffee, crown molding, and detailed millwork on accent walls. Off the kitchen area are a full bathroom and a main-level bedroom. It's all in the details on the main floor that include handmade Amish wood cabinetry with stain and Benjamin Moore paint colors, quartz countertops, matching designer brass hardware and fixtures, decorative kitchen backsplash that compliments the main living space, Bosch appliances, and enlarged doors to highlight the incredible ceiling height. The upstairs level features a sunny primary bedroom, ELFA customizable closet solutions in the primary walk-in closet, custom cabinetry in the primary bathroom with quartz countertops, dual sinks, and an oversized shower with a frameless glass door. Finishing the bedroom level is a laundry room, a third full bathroom, and a third bedroom. Walking distance to The Midlands Beer Garden, Hook Hall, Tabla, St. Vincent Wine, 0.5 miles to Georgia-Petworth Metro station, 0.6 miles to Safeway, and 1 mile from MedStar Washington Hospital Center. *See the features sheet for a complete list of all finishes.
  • Special Features: 4098
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Disposal, Dryer - Front Loading, Energy Efficient Appliances, Energy Star Clothes Washer, Energy Star Dishwasher, Energy Star Refrigerator, Exhaust Fan, Microwave, Oven/Range - Electric, Range Hood, Stainless Steel Appliances, Washer - Front Loading, Water Heater
  • Entry Floor: 1
  • Flooring Type: Hardwood, Marble, Tile/Brick
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Recessed Lighting, Sprinkler System, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Levels Count: 2
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bathroom 2, Bathroom 3, Primary Bathroom
  • Basement: No
  • Laundry Type: Upper Floor, Has Laundry
  • Total Sq Ft: 1623
  • Living Area Sq Ft: 1623
  • Price Per Sq Ft: 535.43
  • Above Grade Finished Sq Ft: 1623
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 505

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Cpvc/Pvc, Rigid Insulation, Spray Foam Insulation
  • Construction Completed: No
  • Spa: No
  • View: City
  • 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: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 278.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Archer Condominium
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Reserve Funds, Sewer, Water
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 556.00

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Property Condition: Excellent
  • Soil Types: Unknown
  • Zoning: RF1
  • In City Limits: Yes

Building Info

  • Builder Name: Urban Edge Development

Rental Info

  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2022
  • Close Date: 04/19/2023

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Apr 18, 2023
Sold by
505 Park Llc
Bought by
Blue Nicholas Pierce and Dixon Elise
Seller's Agent
Josh Ross
RE/MAX Realty Services
Buyer's Agent
Katherine Pennington
Compass
List Price
$869,000
Sold Price
$850,000
Premium/Discount to List
-$19,000
-2.19%
Total Days on Market
24
Views
38
Current Estimated Value
$812,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,021
Avg. Annual Appreciation
-1.90%
Original Mortgage
$786,250
Outstanding Balance
$762,456
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$50,523
Source: Public Records

Range of Values:

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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
Blue Nicholas Pierce $850,000 Allied Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blue Nicholas Pierce $786,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $850,000 -2.2% $524 / Sq Ft
02/23/2023 02/23/23 For Sale $869,000 -- $535 / 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 $7,018 $825,600 $247,680 $577,920
2023 $3,509 $825,600 $247,680 $577,920
Source: Public Records

Agents Affiliated with this Home

  • Josh Ross

    Seller's Agent in 2023

    Josh Ross

    RE/MAX

    (240) 404-7732

    7 in this area

    189 Total Sales

    Section Image
  • Katherine Pennington

    Buyer's Agent in 2023

    Katherine Pennington

    Compass

    (301) 302-4135

    1 in this area

    23 Total Sales

    Section Image
  • Lee Arrowood

    Buyer Co-Listing Agent in 2023

    Lee Arrowood

    Compass

    (202) 251-3175

    1 in this area

    79 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: DCDC2085208

Bright MLS

APN: 3037-2059

District of Columbia District of Columbia County Washington 20010 Park View

505 Park Rd NW Unit B, Washington, DC

This home is located at 505 Park Rd NW Unit B, Washington, DC 20010 since 23 February 2023 and is currently estimated at $812,979, approximately $500 per square foot. This property was built in 2022. 505 Park Rd NW Unit B is a home located in District of Columbia with nearby schools including Bruce-Monroe Elementary School @ Park View, MacFarland Middle School, and Roosevelt High School @ MacFarland.

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