1
Bed
1
Bath
510
Sq Ft
$394/mo
HOA Fee
Highlights
- Concierge
- 4-minute walk to Waterfront-Seu
- Open Floorplan
- Fitness Center
- Newly Remodeled
- 3-minute walk to Southwest Waterfront Park
About This Home
As of April 2025Move-in Ready! 1BR/1BA unit in new construction condominium with terrace! This unit features floor to ceiling windows and modern finishes. 525 Water is adjacent to future Waterfront Park and conveniently next to The Wharf.
Co-Listed By
Samuel Wilson
Hoffman Realty License #MRIS:3101222
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,731
Year Built
- Built in 2016 | Newly Remodeled
HOA Fees
- $394 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Brick Exterior Construction
- Metal Siding
- Concrete Perimeter Foundation
Interior Spaces
- 510 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Combination Kitchen and Dining Room
- Stacked Washer and Dryer
Kitchen
- Stove
- Dishwasher
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Utilities
- Central Heating and Cooling System
- Natural Gas Water Heater
Additional Features
- Accessible Elevator Installed
- Terrace
- Property is in very good condition
Listing and Financial Details
- Tax Lot 2099
Community Details
Overview
- Moving Fees Required
- Association fees include gas, sewer, water, trash, snow removal, management, insurance, reserve funds
- 107 Units
- Low-Rise Condominium
- Built by PN HOFFMAN
- 525 Water Condominium Community
- Rla Subdivision
- The community has rules related to covenants, moving in times
Amenities
- Concierge
- Common Area
- Elevator
Recreation
Pet Policy
- Pets Allowed
Security
- Front Desk in Lobby
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 11, 2024
Closed on
Apr 24, 2025
Sold by
Flanigan Kenly M
Bought by
Matsumoto Susan and Matsumoto Larry
Seller's Agent
Gini Wood
Long & Foster Real Estate, Inc.
Buyer's Agent
Alexandra Schlesinger
Pearson Smith Realty, LLC
List Price
$419,000
Sold Price
$390,000
Premium/Discount to List
-$29,000
-6.92%
Views
127
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
-$415
Avg. Annual Appreciation
21.27%
Original Mortgage
$331,500
Outstanding Balance
$331,500
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$78,552
Purchase Details
Listed on
Apr 24, 2019
Closed on
Jun 7, 2019
Sold by
Kelokates Maria L and Wright Jean
Bought by
Flanigan Kenly M
Seller's Agent
Benjamin Puchalski
Compass
Buyer's Agent
Gini Wood
Long & Foster Real Estate, Inc.
List Price
$429,000
Sold Price
$430,000
Premium/Discount to List
$1,000
0.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.64%
Original Mortgage
$280,000
Interest Rate
4.2%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Oct 21, 2016
Closed on
Jan 6, 2017
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Kelokates Maria and Wright Jean
Seller's Agent
Lynn Tsao
Hoffman Realty
Buyer's Agent
Benjamin Puchalski
Compass
List Price
$389,900
Sold Price
$389,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.13%
Original Mortgage
$289,900
Interest Rate
4.03%
Mortgage Type
New Conventional
Similar Homes in Washington, DC
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 | $390,000 | Chicago Title | |
| Special Warranty Deed | $430,000 | Rgs Title Llc | |
| Special Warranty Deed | $389,900 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $331,500 | New Conventional | |
| Previous Owner | $280,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $289,900 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Sold | $390,000 | -6.9% | $765 / Sq Ft |
| 03/21/2025 03/21/25 | Pending | -- | -- | -- |
| 12/11/2024 12/11/24 | For Sale | $419,000 | 0.0% | $822 / Sq Ft |
| 05/21/2023 05/21/23 | Rented | $2,700 | +20.0% | -- |
| 04/26/2023 04/26/23 | Under Contract | -- | -- | -- |
| 04/19/2023 04/19/23 | Price Changed | $2,250 | -10.0% | $4 / Sq Ft |
| 04/01/2023 04/01/23 | For Rent | $2,500 | 0.0% | -- |
| 06/07/2019 06/07/19 | Sold | $430,000 | +0.2% | $843 / Sq Ft |
| 05/15/2019 05/15/19 | Pending | -- | -- | -- |
| 04/24/2019 04/24/19 | For Sale | $429,000 | +10.0% | $841 / Sq Ft |
| 01/06/2017 01/06/17 | Sold | $389,900 | 0.0% | $765 / Sq Ft |
| 12/08/2016 12/08/16 | Pending | -- | -- | -- |
| 10/21/2016 10/21/16 | For Sale | $389,900 | -- | $765 / 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 | $2,731 | $423,500 | $127,050 | $296,450 |
| 2023 | $2,659 | $411,540 | $123,460 | $288,080 |
| 2022 | $2,806 | $422,600 | $126,780 | $295,820 |
| 2021 | $2,872 | $427,540 | $128,260 | $299,280 |
| 2020 | $2,964 | $424,370 | $127,310 | $297,060 |
| 2019 | $2,763 | $421,750 | $126,520 | $295,230 |
| 2018 | $2,525 | $370,400 | $0 | $0 |
| 2017 | $3,148 | $370,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
G
Seller's Agent in 2025
Gini Wood
Long & Foster
-
A
Buyer's Agent in 2025
Alexandra Schlesinger
Pearson Smith Realty, LLC
-
B
Seller's Agent in 2019
Benjamin Puchalski
Compass
-
N
Seller Co-Listing Agent in 2019
Nathan Ward
Compass
-
L
Seller's Agent in 2017
Lynn Tsao
Hoffman Realty
-
S
Seller Co-Listing Agent in 2017
Samuel Wilson
Hoffman Realty
About This Building
Map
Source: Bright MLS
MLS Number: 1001377573
APN: 0473-2037
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