NOT LISTED FOR SALE

525 Water St SW, Unit 111 Washington, DC 20024

Southwest DC Neighborhood

Estimated Value: $412,501 - $493,000

1 Bed
1 Bath
580 Sq Ft
$548/mo HOA Fee

Last Sold October 27, 2023

Last sale price $429,000 $740 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,276/month

69 Days on Market

Highlights

  • Concierge
  • 4-minute walk to Waterfront-Seu
  • Meeting Room
  • Fitness Center
  • Contemporary Architecture
  • 3-minute walk to Southwest Waterfront Park

About This Home

As of October 2023

BACK ON MARKET PENDING RELEASE AT NO FAULT OF PROPERTY - BUYER FAILED TO SECURE FINANCING. Experience luxury living at the Wharf! All of the District's hottest restaurants and entertainment venues are just steps away from your condo at 525 Water Street. Freshly painted throughout and new carpet in 2022, this one is perfectly move-in ready!

Open living, dining and kitchen layout with oversized island that conveys to the new owner. Enjoy your morning coffee on the spacious private oversized patio! True one bedroom unit with double closets, room for a queen size bed and partial en suite bathroom. Also convenient for guests though as the double entry bathroom also opens to the entry area.

In-Unit washer/dryer, RESERVED parking included! The building also has a lovely fitness center, courtyard and grill area on the 2nd floor. Concierge and package valet service and the entire building is key fob access (including elevators).

Last Agent to Sell the Property

J. D'Ann Melnick

(512) 762-3235 hello@lifeinmoco.com EXP Realty, LLC License #BR200200359 Listed on: 07/18/2023

EXP Realty, LLC

Last Buyer's Agent

Andy Peers

(301) 370-4499 andy@compass.com Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,795

Year Built

  • Built in 2016

Lot Details

  • 305

HOA Fees

  • $548 Monthly HOA Fees

Parking

  • Assigned parking located at #G1-11
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 580 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed
  • Low Pile Carpeting

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Property is in excellent condition
  • Urban Location

Listing and Financial Details

  • Tax Lot 2011
  • Assessor Parcel Number 0473//2011

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, gas, insurance, management, water, trash
  • $35 Other Monthly Fees
  • High-Rise Condominium
  • 525 Water Street Condominiums
  • 525 Water Condominium Community
  • 525 Water Condominium Subdivision
  • Property Manager

Amenities

  • Concierge
  • Meeting Room

Recreation

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,795

Year Built

Built in 2016

Lot Details

0

HOA Fees

$548 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator, Low Pile Carpeting
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-07-18
  • Federal Flood Zone: No
  • Year Built: 2016
  • Assigned Parking Space Numbers: G1-11
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 580
  • Living Area Sq Ft: 580
  • Price Per Sq Ft: 739.66
  • Above Grade Finished Sq Ft: 580
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 525

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: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Covered Parking, Garage Door Opener, Underground
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • 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: 547.75
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: 525 Water Street Condominiums
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Fitness Center, Meeting Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Gas, Insurance, Management, Water, Trash
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 35.00
  • Other Fees Frequency: Monthly

Schools

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

Lot Info

  • Property Condition: Excellent
  • Soil Types: Urban Land Not Rated
  • Year Assessed: 2022
  • Zoning: R-3, MU-12
  • Zoning Description: Residential Multi-Family
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3795.00
  • Assessor Parcel Number: 0473//2011
  • Tax Lot: 2011
  • Tax Total Finished Sq Ft: 580
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/27/2023

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2023
Closed on
Oct 27, 2023
Sold by
Miller Jason M
Bought by
Mihalache Radu George
Seller's Agent
J. D'Ann Melnick
EXP Realty, LLC
Buyer's Agent
Andy Peers
Compass
List Price
$429,000
Sold Price
$429,000
Views
76
Current Estimated Value
$456,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,125
Avg. Annual Appreciation
3.21%
Original Mortgage
$438,223
Outstanding Balance
$426,118
Interest Rate
5%
Mortgage Type
VA
Estimated Equity
$30,007

Purchase Details

Listed on
Oct 13, 2016
Closed on
Nov 15, 2016
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Miller Jason M
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Damon Brockenberry
Keller Williams Preferred Properties
List Price
$489,900
Sold Price
$489,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.89%
Original Mortgage
$465,405
Interest Rate
3.42%
Mortgage Type
New Conventional
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
Mihalache Radu George $429,000 First American Title
Miller Jason M $489,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mihalache Radu George $438,223
Previous Owner Miller Jason M $465,405
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/27/2023 10/27/23 Sold $429,000 0.0% $740 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
09/21/2023 09/21/23 For Sale $429,000 0.0% $740 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/20/2023 08/20/23 Price Changed $429,000 -2.3% $740 / Sq Ft
07/18/2023 07/18/23 For Sale $439,000 0.0% $757 / Sq Ft
01/11/2023 01/11/23 Rented $2,250 0.0% --
12/13/2022 12/13/22 Under Contract -- -- --
12/12/2022 12/12/22 For Rent $2,250 0.0% --
12/11/2022 12/11/22 Off Market $2,250 -- --
10/26/2022 10/26/22 Price Changed $2,250 -25.0% $4 / Sq Ft
10/13/2022 10/13/22 For Rent $3,000 0.0% --
11/15/2016 11/15/16 Sold $489,900 0.0% -- View Prior Sale
10/13/2016 10/13/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $489,900 -- --
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 $3,791 $461,140 $138,340 $322,800
2023 $3,674 $446,940 $134,080 $312,860
2022 $3,795 $460,240 $138,070 $322,170
2021 $3,863 $467,770 $140,330 $327,440
2020 $3,953 $465,050 $139,510 $325,540
2019 $3,912 $460,250 $138,070 $322,180
2018 $3,956 $465,400 $0 $0
2017 $3,956 $465,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J. D'Ann Melnick

    Seller's Agent in 2023

    J. D'Ann Melnick

    EXP Realty, LLC

    (512) 762-3235

    1 in this area

    149 Total Sales

    J. D'Ann Melnick
    Section Image
  • Andy Peers

    Buyer's Agent in 2023

    Andy Peers

    Compass

    (301) 370-4499

    68 in this area

    184 Total Sales

    Andy Peers
    Section Image
  • Michelle Gasca

    Buyer's Agent in 2023

    Michelle Gasca

    LPT Realty, LLC

    (202) 320-8943

    21 Total Sales

    Michelle Gasca
    Section Image
  • Damon Brockenberry

    Buyer's Agent in 2016

    Damon Brockenberry

    Keller Williams Preferred Properties

    (240) 694-6460

    54 Total Sales

    Damon Brockenberry
    Section Image
See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: DCDC2103822

Bright MLS

APN: 0473-2011

District of Columbia District of Columbia County Washington 20024 Southwest DC

525 Water St SW Unit 111, Washington, DC

This home is located at 525 Water St SW Unit 111, Washington, DC 20024 since 18 July 2023 and is currently estimated at $456,125, approximately $786 per square foot. This property was built in 2016. 525 Water St SW Unit 111 is a home located in District of Columbia with nearby schools including Amidon-Bowen Elementary School, Jefferson Middle School Academy, and Eastern High School.

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