$389,900
SOLD JAN 6, 2017

525 Water St SW, Unit 223 Washington, DC 20024

Southwest DC Neighborhood
1 Bed
1 Bath
510 Sq Ft
$394/mo HOA Fee

Recently Sold

$765 Per Sq Ft

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 2025

Move-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.

Last Agent to Sell the Property

Lynn Tsao

(202) 302-3060 lynn@hoffmandev-realty.com Hoffman Realty License #0225268490 Listed on: 10/21/2016

Co-Listed By

Samuel Wilson

samw@pnhoffman.com Hoffman Realty License #MRIS:3101222

Last Buyer's Agent

Benjamin Puchalski

(202) 449-8525 reo@rcrdc.com Compass License #585083

Compass

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,731

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$394 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: Yes
  • Story List: Main
  • Year Built: 2016
  • Remarks Public: Move-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.
  • Special Features: 4098
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Refrigerator, Stove, Washer/Dryer Stacked
  • Interior Amenities: Combination Kitchen/Dining, Elevator, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 510
  • Living Area Sq Ft: 510
  • Price Per Sq Ft: 764.51
  • Above Grade Finished Sq Ft: 510
  • 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
  • Construction Materials: Brick, Metal Siding, Combination
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Desk In Lobby, Main Entrance Lock, Resident Manager
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 393.62
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Common Grounds, Concierge
  • HOA Condo Co-Op Fee Includes: Gas, Sewer, Water, Trash, Snow Removal, Management, Insurance, Reserve Funds
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA Condo Co-Op Rules: Covenants, Pets - Allowed, Moving Fees Required, Moving In Times
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950

Lot Info

  • Outdoor Living Structures: Terrace
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Soil Types: Unknown

Building Info

  • Builder Name: PN HOFFMAN

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: NO TAX RECORD
  • Tax Lot: 2099
  • Close Date: 01/06/2017

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

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
$393,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,733
Avg. Annual Appreciation
13.01%
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
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

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 $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

  • Gini Wood

    Seller's Agent in 2025

    Gini Wood

    Long & Foster

    (703) 944-7316

    1 in this area

    9 Total Sales

    Gini Wood
    Section Image
  • Alexandra Schlesinger

    Buyer's Agent in 2025

    Alexandra Schlesinger

    Pearson Smith Realty, LLC

    (703) 582-7989

    1 in this area

    27 Total Sales

    Alexandra Schlesinger
    Section Image
  • Benjamin Puchalski

    Seller's Agent in 2019

    Benjamin Puchalski

    Compass

    (202) 449-8525

    5 in this area

    73 Total Sales

    Benjamin Puchalski
    Section Image
  • Nathan Ward

    Seller Co-Listing Agent in 2019

    Nathan Ward

    Compass

    (202) 997-1421

    1 in this area

    46 Total Sales

    Nathan Ward
    Section Image
  • Lynn Tsao

    Seller's Agent in 2017

    Lynn Tsao

    Hoffman Realty

    (202) 302-3060

    54 in this area

    70 Total Sales

    Lynn Tsao
    Section Image

  • S

    Seller Co-Listing Agent in 2017

    Samuel Wilson

    Hoffman Realty

See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: 1001377573

Bright MLS

APN: 0473-2037

District of Columbia District of Columbia County Washington 20024 Southwest DC

525 Water St SW Unit 223, Washington, DC

This home is located at 525 Water St SW Unit 223, Washington, DC 20024 and is currently priced at $389,900, approximately $764 per square foot. This property was built in 2016. 525 Water St SW Unit 223 is a home located in District of Columbia with nearby schools including Amidon-Bowen Elementary School, Jefferson Middle School Academy, and Eastern High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes