Seller's Agent in 2024
Hugh McDermott
TTR Sotheby's International Realty
(781) 608-9054
5 in this area
176 Total Sales
515 N Washington St Unit 401 Alexandria, VA 22314
Old Town NeighborhoodEstimated Value: $1,248,000 - $1,624,373
2
Beds
2.5
Baths
1,960
Sq Ft
$1,297/mo
HOA Fee
Highlights
- Penthouse
- Gourmet Kitchen
- Open Floorplan
- No Units Above
- River View
- 1-minute walk to Portner Park
About This Home
As of August 2024Discover a rare gem in the heart of Old Town Alexandria, where history marries modern luxury. This captivating, historic building, dating back to the mid-1800s, has been meticulously restored and transformed into a boutique residential haven. The incomparable two-level penthouse loft is the crown jewel of this exquisite building, offering the largest and most functional footprint.
Step into the main level to find an open floor plan that encompasses the living room, dining room, and kitchen – a flowing and generous space designed for modern living and entertaining. Bathed in natural light from the high-lofted ceilings that create an airy, spacious ambiance, the penthouse features exposed brick walls and original wooden beams which add a touch of rustic charm, seamlessly blending the old with the new. The main level also features the well-appointed primary suite with a generous walk-in-closet and spa-inspired bathroom. Ascend to the upper level and discover a versatile loft workspace that overlooks the living area below. This elevated area is ideal for a home office, creative studio, or reading nook. With its open design, the loft benefits from the same abundance of natural light that graces the main level, creating an inspiring environment for work or leisure. The view from the loft space adds to the sense of connection and openness, making it a truly unique and functional feature of this exceptional penthouse loft. Abutting the open loft space is the second ensuite bedroom with a generous closet and full bathroom, offering a private retreat for guests.
Enjoy east-facing water views of the Potomac River and stunning sunrises from the comfort of your home. This residence comes with two dedicated parking spaces, including one equipped with an electric vehicle charger. Residents of Masonry Lofts can enjoy the top-floor lounge with kitchenette and adjacent community roof deck. Location is everything, and this property boasts unparalleled walkability. Stroll to nearby restaurants, shops, and enjoy being just a few blocks from the water. Experience the perfect blend of historic charm and modern convenience in this exceptional Old Town residence.
Last Agent to Sell the Property
(781) 608-9054 hmcdermott@ttrsir.com TTR Sotheby's International Realty Listed on: 06/14/2024
Co-Listed By
(301) 442-8533 jeff.wilson@sir.com TTR Sotheby's International Realty License #98739
Last Buyer's Agent
(703) 989-1183 hcorey@ttrsir.com TTR Sotheby's International Realty License #0225194203
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $16,570
Year Built
- Built in 1790 | Remodeled in 2021
Lot Details
- No Units Above
- Historic Home
HOA Fees
- $1,297 Monthly HOA Fees
Property Views
- River
- City
Home Design
- Penthouse
- Colonial Architecture
- Entry on the 1st floor
- Brick Exterior Construction
- Frame Construction
Interior Spaces
- 1,960 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Beamed Ceilings
- Brick Wall or Ceiling
- Two Story Ceilings
- Recessed Lighting
- Wood Flooring
Kitchen
- Gourmet Kitchen
- Electric Oven or Range
- Range Hood
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- En-Suite Bathroom
- Walk-In Closet
- Soaking Tub
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- Assigned parking located at #12, 33
- Electric Vehicle Home Charger
- Parking Lot
- Surface Parking
- 2 Assigned Parking Spaces
Schools
- Jefferson-Houston Elementary And Middle School
- Alexandria City High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 60040600
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, gas, insurance, management, parking fee, trash, snow removal, water, lawn maintenance, reserve funds, sewer
- 25 Units
- Mid-Rise Condominium
- Masonry Lofts Condos
- Masonry Lofts Community
- Old Town Alexandria Subdivision
- Property Manager
Amenities
- Common Area
- Party Room
- Elevator
Pet Policy
- Limit on the number of pets
- Pet Size Limit
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2024
Closed on
Aug 7, 2024
Sold by
Menores Properties Llc
Bought by
Whitehead Helen W and Salafia Louis V
Seller's Agent
Hugh McDermott
TTR Sotheby's International Realty
Buyer's Agent
Heather Corey
TTR Sotheby's International Realty
List Price
$1,650,000
Sold Price
$1,650,000
Views
153
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$179,876
Avg. Annual Appreciation
-9.39%
Original Mortgage
$850,000
Outstanding Balance
$840,363
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$629,761
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Whitehead Helen W | $1,650,000 | Commonwealth Land Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Whitehead Helen W | $850,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/07/2024 08/07/24 | Sold | $1,650,000 | 0.0% | $842 / Sq Ft |
| 07/17/2024 07/17/24 | Pending | -- | -- | -- |
| 06/14/2024 06/14/24 | For Sale | $1,650,000 | 0.0% | $842 / Sq Ft |
| 07/12/2019 07/12/19 | Rented | $5,675 | +3.2% | -- |
| 06/13/2019 06/13/19 | For Rent | $5,500 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $18,022 | $1,610,400 | $714,000 | $896,400 |
| 2024 | $18,022 | $1,580,000 | $700,000 | $880,000 |
| 2023 | $17,538 | $1,580,000 | $700,000 | $880,000 |
| 2022 | $16,095 | $1,450,000 | $652,500 | $797,500 |
Source: Public Records
Agents Affiliated with this Home
-
Hugh McDermott
-
Jeff Wilson
Seller Co-Listing Agent in 2024
Jeff Wilson
TTR Sotheby's International Realty
(301) 442-8533
3 in this area
180 Total Sales
-
Heather Corey
Buyer's Agent in 2024
Heather Corey
TTR Sotheby's International Realty
(703) 989-1183
59 in this area
120 Total Sales
-
Matthew Applegate
Seller's Agent in 2019
Matthew Applegate
McWilliams/Ballard, Inc.
(202) 909-0336
9 Total Sales
-
W
Buyer's Agent in 2019
Wayne Silva
Century 21 Redwood Realty
Map
Source: Bright MLS
MLS Number: VAAX2034838
APN: 064.02-2D-401
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