NOT LISTED FOR SALE

Estimated Value: $982,000 - $1,354,000

3 Beds
2 Baths
1,365 Sq Ft
$1,163/mo HOA Fee

Last Sold March 24, 2023

Last sale price $1,299,000 $952 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $8,202/month

1 Day on Market

Highlights

  • Concierge
  • 4-minute walk to Waterfront-Seu
  • Fitness Center
  • Water Views
  • Bar or Lounge
  • 3-minute walk to Southwest Waterfront Park

About This Home

As of March 2023

Modern luxury meets sophistication in this stunning 3BD/2BA condo with breathtaking WATER VIEWS from every room, 10-foot ceilings, and two garage parking spots in the heart of the Wharf!! This rarely available corner unit, with multiple exposures and an unobstructed view of the water, is a MUST-SEE. With floor-to-ceiling windows throughout, you can enjoy the serenity of the water, gorgeous sunsets, and stunning views with a balance of privacy and high-end splendor.

As you enter the unit, you will be greeted with a custom stacked stone wall that leads you to a tremendous open layout with multiple exposures. This grand space includes the living room, dining area, and kitchen. The gourmet kitchen features high-end appliances, beautiful Porcelanosa wood cabinets, stone counters, and a gas range. The spacious living area features a custom fireplace, located under a mounted TV that conveys, all surrounded by an impressive custom stacked stone wall. From this area step outside to your large balcony perfect for dining al-fresco while watching the sunset over the Potomac. The primary bedroom includes 2 large closets and an en-suite bathroom. With stunning views from every room, hardwood floors in the living spaces, and thoughtful accents throughout the unit such as recessed lighting and custom remote blinds, this condo can be your own personal waterfront oasis. The condo fee includes heat, gas, water, staff, and amenities. Additionally, a home warranty is included!

525 Water is a unique building located on the banks of the Potomac River/Washington Channel that defines a new kind of urban living in Washington, DC. The building has been described as a "serene retreat" and it truly is an accurate description. The amenities include a business center, front-desk concierge, conference room, fitness center, and a large shared courtyard with a beautiful garden!

With such an amazing location, Southwest DC will be your playground with endless entertainment right at your doorstep. The Wharf, Navy Yard, and Buzzard Point are steps from home where you can enjoy festivals, concerts, dining, and nightlife. You're also located moments from Nats Park and Audi Field to enjoy games. Safeway and the SW Farmers Market are conveniently located on the next block. With Waterfront Metro just one block away (L'Enfant .7 miles away), and Route 695/395 you will have easy commutes in and out of town.

Last Agent to Sell the Property

Andy Peers

Compass Listed on: 03/02/2023

Compass

Last Buyer's Agent

Rob Carter

TTR Sotheby's International Realty License #BR698878

TTR Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,285

Year Built

  • Built in 2016

Lot Details

  • 566

HOA Fees

  • $1,163 Monthly HOA Fees

Parking

Interior Spaces

  • 1,365 Sq Ft Home
  • Property has 1 Level
  • Electric Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Water Oriented
  • River Nearby

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is in excellent condition

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 0473//2046

Community Details

Overview

  • Association fees include common area maintenance, gas, heat, sewer, water
  • Low-Rise Condominium
  • Southwest Waterfront Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Bar or Lounge

Recreation

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,285

Year Built

Built in 2016

Lot Details

0

HOA Fees

$1,163 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Main
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: Modern luxury meets sophistication in this stunning 3BD/2BA condo with breathtaking WATER VIEWS from every room, 10-foot ceilings, and two garage parking spots in the heart of the Wharf!! This rarely available corner unit, with multiple exposures and an unobstructed view of the water, is a MUST-SEE. With floor-to-ceiling windows throughout, you can enjoy the serenity of the water, gorgeous sunsets, and stunning views with a balance of privacy and high-end splendor. As you enter the unit, you will be greeted with a custom stacked stone wall that leads you to a tremendous open layout with multiple exposures. This grand space includes the living room, dining area, and kitchen. The gourmet kitchen features high-end appliances, beautiful Porcelanosa wood cabinets, stone counters, and a gas range. The spacious living area features a custom fireplace, located under a mounted TV that conveys, all surrounded by an impressive custom stacked stone wall. From this area step outside to your large balcony perfect for dining al-fresco while watching the sunset over the Potomac. The primary bedroom includes 2 large closets and an en-suite bathroom. With stunning views from every room, hardwood floors in the living spaces, and thoughtful accents throughout the unit such as recessed lighting and custom remote blinds, this condo can be your own personal waterfront oasis. The condo fee includes heat, gas, water, staff, and amenities. Additionally, a home warranty is included! 525 Water is a unique building located on the banks of the Potomac River/Washington Channel that defines a new kind of urban living in Washington, DC. The building has been described as a "serene retreat" and it truly is an accurate description. The amenities include a business center, front-desk concierge, conference room, fitness center, and a large shared courtyard with a beautiful garden! With such an amazing location, Southwest DC will be your playground with endless entertainment right at your doorstep. The Wharf, Navy Yard, and Buzzard Point are steps from home where you can enjoy festivals, concerts, dining, and nightlife. You're also located moments from Nats Park and Audi Field to enjoy games. Safeway and the SW Farmers Market are conveniently located on the next block. With Waterfront Metro just one block away (L'Enfant .7 miles away), and Route 695/395 you will have easy commutes in and out of town.
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 3
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1365
  • Living Area Sq Ft: 1365
  • Price Per Sq Ft: 951.65
  • Above Grade Finished Sq Ft: 1365
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 525

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • View: Water
  • Water Access: No
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Underground
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • 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: 1163.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Concierge, Elevator, Fitness Center, Bar/Lounge, Exercise Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Gas, Heat, Sewer, Water
  • HOA: No
  • Senior Community: No

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-Sassafras-Chillum
  • Year Assessed: 2022
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 16186576
  • Tax Annual Amount: 7285.00
  • Assessor Parcel Number: 0473//2046
  • Tax Year: 2022
  • Close Date: 03/24/2023

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Mar 23, 2023
Sold by
Johnson Virginia D
Bought by
Blass Timothy
Seller's Agent
Andy Peers
Compass
Buyer's Agent
Rob Carter
TTR Sotheby's International Realty
List Price
$1,299,000
Sold Price
$1,299,000
Views
7
Current Estimated Value
$1,179,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$119,814
Avg. Annual Appreciation
-4.72%
Original Mortgage
$909,300
Outstanding Balance
$883,567
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$271,469

Purchase Details

Listed on
Mar 8, 2016
Closed on
Aug 26, 2016
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Johnson Virginia D
Seller's Agent
datacorrect BrightMLS
Non Subscribing Office
Buyer's Agent
Evelyn Lugo
Compass
List Price
$1,174,900
Sold Price
$1,174,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.54%
Original Mortgage
$939,920
Interest Rate
3.42%
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 Buyer Sale Price Title Company
Blass Timothy $1,299,000 Westcor Land Title Insurance C
Johnson Virginia D $1,174,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blass Timothy $909,300
Previous Owner Johnson Virginia D $939,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $1,299,000 0.0% $952 / Sq Ft
03/02/2023 03/02/23 For Sale $1,299,000 +10.6% $952 / Sq Ft
08/26/2016 08/26/16 Sold $1,174,900 0.0% $1,284 / Sq Ft
03/08/2016 03/08/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $1,174,900 -- $1,284 / 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 $7,368 $969,020 $290,710 $678,310
2023 $7,000 $922,270 $276,680 $645,590
2022 $7,285 $949,550 $284,860 $664,690
2021 $7,568 $980,000 $294,000 $686,000
2020 $7,683 $979,640 $293,890 $685,750
2019 $7,490 $956,010 $286,800 $669,210
2018 $8,864 $1,116,150 $0 $0
2017 $9,487 $1,116,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: DCDC2085804

Bright MLS

APN: 0473-2046