NOT LISTED FOR SALE

525 Water St SW, Unit 317 Washington, DC 20024

Southwest DC Neighborhood

Estimated Value: $657,000 - $858,000

2 Beds
2 Baths
895 Sq Ft
$750/mo HOA Fee

Last Sold February 28, 2023

Last sale price $800,000 $894 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $5,098/month

17 Days on Market

Highlights

  • Concierge
  • 4-minute walk to Waterfront-Seu
  • Water Access
  • Marina View
  • Home fronts navigable water
  • 3-minute walk to Southwest Waterfront Park

About This Home

As of February 2023

A Very DC living experience! Beautiful Potomac River views from an elegant condo at The Wharf! Truly the benefits of urban city life on the waterfront! Full-service concierge building with modern sleek design elements. The perfect balcony for watching planes fly over the Potomac w/ view of the Pentagon Memorial too!

2- bedroom / 2- bath condo with Bosch appliances throughout. Porcelanosa cabinets - Quartz countertops. New carpet, freshly painted just waiting to start the New Year in sheer beauty!

Unit located on the 3rd floor directly across from the private community deck w/ lounges and grills and steps to the center courtyard garden... almost like it's the unit's private patio!

1 secure garage parking space included - Spot G-1 #07; Fitness center + Club room for parties/ meetings; 24-hour concierge desk; secure access.

Directly across the street from the Marina to park your yacht! Walking paths along the river, restaurants, shops, movies, concerts, yoga on the beach just outside your front door!

Last Agent to Sell the Property

Stacy Berman

(301) 466-4056 stacy.berman@rlahre.com RLAH @properties License #574973 Listed on: 01/05/2023

RLAH @properties

Last Buyer's Agent

Kathleen Ryan

(240) 418-3127 kathleen.ryan@rlahre.com RLAH @properties

RLAH @properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,538

Year Built

  • Built in 2016

Lot Details

  • Two or More Common Walls
  • Stone Retaining Walls
  • Extensive Hardscape
  • Sprinkler System

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • Basement Garage
  • Parking Storage or Cabinetry
  • Heated Garage
  • Private Parking
  • Lighted Parking
  • Side Facing Garage
  • Garage Door Opener
  • Parking Space Conveys
  • Secure Parking

Property Views

  • Panoramic
  • Scenic Vista
  • Garden

Home Design

  • Contemporary Architecture
  • Entry on the 3rd floor

Interior Spaces

  • 895 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Vinyl Clad Windows
  • Insulated Windows
  • Window Treatments
  • Wood Frame Window
  • Dining Area

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Built-In Range
  • Range Hood
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Home Security

Outdoor Features

  • Water Access
  • River Nearby
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Playground

Schools

  • Amidon-Bowen Elementary School
  • Jefferson Middle School Academy
  • Jackson-Reed High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Energy-Efficient Windows
  • Urban Location

Listing and Financial Details

  • Tax Lot 2062
  • Assessor Parcel Number 0473//2062

Community Details

Overview

  • $250 Elevator Use Fee
  • Association fees include gas, exterior building maintenance, management, reserve funds, sewer, trash, water
  • Mid-Rise Condominium
  • Built by PN Hoffman
  • 525 Water Condominium Subdivision
  • Property Manager

Amenities

  • Concierge
  • Picnic Area
  • Common Area
  • Meeting Room
  • Party Room
  • Recreation Room
  • Community Storage Space

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,538

Year Built

Built in 2016

Lot Details

0

HOA Fees

$750 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary, Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Exclusions: Staging furniture
  • Inclusions: Draperies, extra draperies
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-01-05
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: A Very DC living experience! Beautiful Potomac River views from an elegant condo at The Wharf! Truly the benefits of urban city life on the waterfront! Full-service concierge building with modern sleek design elements. The perfect balcony for watching planes fly over the Potomac w/ view of the Pentagon Memorial too! 2- bedroom / 2- bath condo with Bosch appliances throughout. Porcelanosa cabinets - Quartz countertops. New carpet, freshly painted just waiting to start the New Year in sheer beauty! Unit located on the 3rd floor directly across from the private community deck w/ lounges and grills and steps to the center courtyard garden... almost like it's the unit's private patio! 1 secure garage parking space included - Spot G-1 #07; Fitness center + Club room for parties/ meetings; 24-hour concierge desk; secure access. Directly across the street from the Marina to park your yacht! Walking paths along the river, restaurants, shops, movies, concerts, yoga on the beach just outside your front door!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven - Self Cleaning, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet, Luxury Vinyl Tile, Ceramic Tile
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living, Floor Plan - Open, Built-Ins, Carpet, Combination Dining/Living, Dining Area, Kitchen - Gourmet, Kitchen - Island, Sprinkler System, Upgraded Countertops, Walk-In Closet(s), Window Treatments
  • Window Features: Energy Efficient, Insulated, Wood Frame, Vinyl Clad
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry, Dryer In Unit, Washer In Unit
  • Total Sq Ft: 895
  • Living Area Sq Ft: 895
  • Price Per Sq Ft: 910.61
  • Above Grade Finished Sq Ft: 895
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 525

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Concrete
  • Exterior Features: Bbq Grill, Extensive Hardscape, Exterior Lighting, Play Area, Sidewalks, Stone Retaining Walls, Street Lights
  • Spa: No
  • View: Bay, Garden/Lawn, Harbor, Marina, Panoramic, River, Scenic Vista, Water, Street
  • Water Access: Yes
  • Water Body Name: Potomac River
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: General Common Elements, Heated, Lighted Parking, Parking Space Conveys, Private, Secure Parking, Under Home Parking
  • Garage Features: Additional Storage Area, Basement Garage, Covered Parking, Garage - Side Entry, Garage Door Opener, Inside Access, 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: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Desk In Lobby, Main Entrance Lock, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 750.00
  • Condo Co-Op Fee Frequency: Monthly
  • Elevator Use Fee: 250.00
  • HOA Condo Co-Op Amenities: Fitness Center, Concierge, Elevator, Exercise Room, Extra Storage, Party Room, Picnic Area, Recreational Center, Security, Meeting Room, Common Grounds
  • HOA Condo Co-Op Fee Includes: Gas, Ext Bldg Maint, Management, Reserve Funds, Sewer, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Elementary School: AMIDON-BOWEN
  • Middle School: JEFFERSON MIDDLE SCHOOL ACADEMY
  • High School: JACKSON-REED
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140357950
  • School District Source: Listing Agent
  • Elementary School: AMIDON-BOWEN
  • High School: JACKSON-REED
  • Middle Or Junior School: JEFFERSON MIDDLE SCHOOL ACADEMY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 424610.00
  • Land Assessed Value: 181970.00
  • Outdoor Living Structures: Balconies- Multiple, Deck(s), Patio(s)
  • Soil Types: Urban Land Not Rated
  • Year Assessed: 2022
  • Zoning: RES
  • In City Limits: Yes

Building Info

  • Builder Name: PN Hoffman

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 16187085
  • Tax Annual Amount: 4538.00
  • Assessor Parcel Number: 0473//2062
  • Tax Lot: 2062
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 02/28/2023

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Feb 28, 2023
Sold by
Lewis Suzanne Marie Grant and Lewis John Edward
Bought by
Snavely Sabine Maria and Arman Judith Snavely
Seller's Agent
Stacy Berman
RLAH @properties
Buyer's Agent
Kathleen Ryan
RLAH @properties
List Price
$815,000
Sold Price
$800,000
Premium/Discount to List
-$15,000
-1.84%
Views
34
Current Estimated Value
$740,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$59,611
Avg. Annual Appreciation
-2.92%

Purchase Details

Closed on
Sep 9, 2016
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Lewis Suzanne Marie Grant and Lewis John Edward Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,900
Interest Rate
3.48%
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
Snavely Sabine Maria $800,000 Titan Title
Lewis Suzanne Marie Grant $774,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Suzanne Marie Grant $424,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold $800,000 -1.8% $894 / Sq Ft
01/23/2023 01/23/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $815,000 0.0% $911 / Sq Ft
12/31/2022 12/31/22 Price Changed $815,000 0.0% $911 / Sq Ft
03/26/2021 03/26/21 Rented $2,750 0.0% --
01/07/2021 01/07/21 For Rent $2,750 -9.8% --
03/31/2019 03/31/19 Rented $3,050 0.0% --
02/25/2019 02/25/19 For Rent $3,050 +1.7% --
01/31/2017 01/31/17 Rented $3,000 -24.1% --
01/31/2017 01/31/17 Under Contract -- -- --
09/12/2016 09/12/16 For Rent $3,950 -- --
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 $5,205 $627,510 $188,250 $439,260
2023 $4,674 $606,580 $181,970 $424,610
2022 $4,538 $626,380 $187,910 $438,470
2021 $4,675 $639,590 $191,880 $447,710
2020 $4,770 $636,920 $191,080 $445,840
2019 $4,699 $627,680 $188,300 $439,380
2018 $5,634 $736,150 $0 $0
2017 $5,641 $736,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Stacy Berman

    Seller's Agent in 2023

    Stacy Berman

    Real Living at Home

    (301) 466-4056

    1 in this area

    48 Total Sales

    Stacy Berman
    Section Image
  • Kathleen Ryan

    Buyer's Agent in 2023

    Kathleen Ryan

    Real Living at Home

    (240) 418-3127

    1 in this area

    52 Total Sales

    Kathleen Ryan
    Section Image
  • Keith Ricca

    Seller's Agent in 2021

    Keith Ricca

    Executive Housing Consultants, Inc.

    (202) 497-4546

    1 Total Sale

    Keith Ricca
    Section Image
  • Felicia Brewster

    Buyer's Agent in 2021

    Felicia Brewster

    Compass

    (202) 602-6722

    2 in this area

    64 Total Sales

    Felicia Brewster
    Section Image
  • Sean Blais

    Buyer's Agent in 2019

    Sean Blais

    Samson Properties

    (240) 425-2085

    43 Total Sales

    Sean Blais
    Section Image
  • Brian Ridgway

    Seller's Agent in 2017

    Brian Ridgway

    Executive Housing Consultants, Inc.

    (202) 497-4479

    Brian Ridgway
    Section Image
See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: DCDC2077900

Bright MLS

APN: 0473-2062

District of Columbia District of Columbia County Washington 20024 Southwest DC

525 Water St SW Unit 317, Washington, DC

This home is located at 525 Water St SW Unit 317, Washington, DC 20024 since 05 January 2023 and is currently estimated at $740,389, approximately $827 per square foot. This property was built in 2016. 525 Water St SW Unit 317 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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