Seller's Agent in 2025
Leslie Backoff
TTR Sotheby's International Realty
(202) 431-7440
4 in this area
53 Total Sales
1
Bed
1
Bath
653
Sq Ft
$799/mo
HOA Fee
Highlights
- Concierge
- 4-minute walk to Waterfront-Seu
- Wood Flooring
- Fitness Center
- Open Floorplan
- 3-minute walk to Southwest Waterfront Park
About This Home
As of March 2025Welcome to 525 Water St, located in Washington DC's premier waterfront community at The Wharf. This exquisite one-bedroom, one-bathroom residence offers the perfect blend of modern elegance and urban convenience. Built in 2016 by PN Hoffman, the unit features a private walk-out terrace that seamlessly integrates indoor and outdoor living as well as a coveted garage parking space.
Upon entry, you're welcomed by the warmth of hardwood floors, creating an inviting and sophisticated atmosphere throughout. The kitchen is equipped with sleek stainless steel appliances, including a gas range, and features elegant quartz countertops. The open floor plan effortlessly connects the kitchen to the living and dining areas, providing a spacious and comfortable setting for both entertaining and everyday living. The bedroom serves as a peaceful retreat, bathed in natural light from the expansive floor-to-ceiling windows. Enjoy serene views of the private terrace and The Wharf Terrace Park. A generously sized walk-in closet with a custom closet organization system offers abundant storage. The spa-like bathroom includes a walk-in shower, vanity and medicine cabinet for added storage. An in-unit washer and dryer and coat closet in the entry hallway provide added convenience.
As a resident of 525 Water St you'll have access to a range of outstanding amenities including a secure entrance and front desk. Stay active in the fitness center, or host gatherings in the common room and building courtyard. Located at The Wharf, this residence places you just one mile from the National Mall and less than two miles from the U.S. Capitol Building. Enjoy some of the best of DC’s culture right outside your door from unique dining experiences, boutique shopping and entertainment venues steps away! The building is two blocks from a Safeway grocery store and the Waterfront Metro station.
Please note: All square footage is measured by a third-party and is approximate.
Last Agent to Sell the Property
TTR Sotheby's International Realty License #5014262 Listed on: 01/23/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,371
Year Built
- Built in 2016
HOA Fees
- $799 Monthly HOA Fees
Parking
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
Interior Spaces
- 653 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Window Treatments
- Window Screens
- Wood Flooring
Kitchen
- Galley Kitchen
- Gas Oven or Range
- Built-In Microwave
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- Walk-In Closet
- 1 Full Bathroom
- Walk-in Shower
Laundry
- Laundry in unit
- Stacked Washer and Dryer
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Public Septic
Listing and Financial Details
- Tax Lot 2008
- Assessor Parcel Number 0473//2008
Community Details
Overview
- Association fees include common area maintenance, gas, parking fee, reserve funds, sewer, snow removal, trash, water, heat
- Low-Rise Condominium
- 525 Water Condos
- Built by Hoffman & Associates
- Sw Waterfront Subdivision
- Property Manager
Amenities
- Concierge
- Common Area
- Community Center
- Elevator
Recreation
Pet Policy
- Dogs and Cats Allowed
Security
- Front Desk in Lobby
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 23, 2025
Closed on
Mar 1, 2025
Sold by
Turner Jeffrey and Turner John
Bought by
Abubacker Hyrun Zareen Moham
Seller's Agent
Leslie Backoff
TTR Sotheby's International Realty
Buyer's Agent
Koki Adasi
Compass
List Price
$495,000
Sold Price
$472,000
Premium/Discount to List
-$23,000
-4.65%
Views
43
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
$1,044
Avg. Annual Appreciation
1.43%
Original Mortgage
$424,800
Outstanding Balance
$424,800
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$50,229
Purchase Details
Closed on
Sep 30, 2016
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Turner Jeffrey and Turner John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.43%
Mortgage Type
New Conventional
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $472,000 | Westcor Land Title Insurance C | |
| Special Warranty Deed | $524,900 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $424,800 | New Conventional | |
| Closed | $424,800 | New Conventional | |
| Previous Owner | $210,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Sold | $472,000 | -4.6% | $723 / Sq Ft |
| 03/07/2025 03/07/25 | Pending | -- | -- | -- |
| 01/23/2025 01/23/25 | For Sale | $495,000 | -- | $758 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $3,371 | $498,770 | $149,630 | $349,140 |
| 2023 | $3,265 | $482,780 | $144,830 | $337,950 |
| 2022 | $3,446 | $497,840 | $149,350 | $348,490 |
| 2021 | $3,549 | $507,140 | $152,140 | $355,000 |
| 2020 | $3,646 | $504,610 | $151,380 | $353,230 |
| 2019 | $3,600 | $498,350 | $149,500 | $348,850 |
| 2018 | $3,615 | $498,650 | $0 | $0 |
| 2017 | $4,239 | $498,650 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Leslie Backoff
-
Koki Adasi
Buyer's Agent in 2025
Koki Adasi
Compass
(240) 994-3941
5 in this area
305 Total Sales
-
Melissa Lango
Buyer Co-Listing Agent in 2025
Melissa Lango
Compass
(610) 554-9689
6 in this area
193 Total Sales
About This Building
Map
Source: Bright MLS
MLS Number: DCDC2175520
APN: 0473-2008
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