Seller's Agent in 2025
Andy Peers
Compass
(301) 370-4499
66 in this area
186 Total Sales
2
Beds
2
Baths
970
Sq Ft
$790/mo
HOA Fee
Highlights
- Concierge
- 4-minute walk to Waterfront-Seu
- Water Oriented
- 100 Feet of Waterfront
- Fitness Center
- 3-minute walk to Southwest Waterfront Park
About This Home
As of July 2022Waterfront VIEWin the iconic Wharf!! A modern luxury 2bed | 2bath condo tucked away on a quiet street with stunning SW Waterfront Park views will leave you breathless. Welcome to this inviting open floor plan, equipped with a generously-apportioned kitchen featuring European cabinetry, quartz countertops, Bosh appliances, and a sizable island perfect for entertaining guests. Floor to ceiling windows with electronically controlled Hunter-Douglas shades, showcase a stunning water front view allowing for an abundance of natural sunlight, illuminating the space from the light hardwood floors to the 9ft ceilings. Conveniently accessible from the living room is a balcony, which wraps around to the primary suite. Sliding doors allow additional access from the primary suite. Inside, you will find a bright and thoughtful floorplan with the primary bath and walk-in closet at the far end of the room. A California Closet system inside the walk-in closet is an organizational paradise! An in-unit washer dryer system separates the primary and second bedrooms, just off the second bathroom. This space may be utilized as a guest room or work from home office space. In addition to being a transportation-friendly locale just one block away from the waterfront metro station, this unit conveys with an extra large parking space. 525 Water Street is a boutique condo and presents numerous amenities such as a friendly concierge, a lavish lobby coffee bar equipped with WiFi, spacious gym, and a luscious landscaped courtyard with a terrace to relax on and entertain on! It not only neighbors Navy Yard Ballpark but located in the iconic Wharf! Enjoy catching concerts at The Anthem and dining at high-end, chef-driven restaurants! The Wharf will be delivering phase II in Spring 2022 and will include more extensive retail, office space, and high-end housing.
Last Agent to Sell the Property
TTR Sotheby's International Realty License #0225099290 Listed on: 04/01/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,500
Year Built
- Built in 2016
Lot Details
- Property is in excellent condition
HOA Fees
- $790 Monthly HOA Fees
Parking
- Basement Garage
Home Design
- Contemporary Architecture
Interior Spaces
- 970 Sq Ft Home
- Property has 1 Level
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Water Oriented
- Property is near a canal
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Public Septic
Listing and Financial Details
- Assessor Parcel Number 0473//2064
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, gas, insurance, parking fee, sewer, snow removal, trash, water
- Mid-Rise Condominium
- Built by Pn Hoffman
- Waterfront Sw Rla Subdivision, Water View Floorplan
- 525 Water Community
Amenities
- Concierge
- Common Area
- Party Room
Recreation
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 5, 2024
Sold by
Otto Susan and Schop Derek V
Bought by
Schop Susan Bonnie and Schop Derek V
Purchase Details
Listed on
Apr 1, 2022
Closed on
Jul 8, 2022
Sold by
Witek Jr Walter J
Bought by
Otto Susan and Schop Derek V
Seller's Agent
Brent Jackson
TTR Sotheby's International Realty
Buyer's Agent
Jared Russell
Real Broker, LLC
List Price
$899,500
Sold Price
$841,500
Premium/Discount to List
-$58,000
-6.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.33%
Purchase Details
Closed on
Oct 13, 2020
Sold by
Witek Walter Joseph and The Walter Joseph Witek Jr Rev
Bought by
Witek Walter Joseph
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 | -- | None Listed On Document | |
| Deed | $841,500 | First American Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $423,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/19/2025 06/19/25 | Price Changed | $749,900 | -6.3% | $769 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $799,900 | -4.9% | $820 / Sq Ft |
| 07/08/2022 07/08/22 | Sold | $841,500 | -6.4% | $868 / Sq Ft |
| 05/12/2022 05/12/22 | Pending | -- | -- | -- |
| 04/01/2022 04/01/22 | For Sale | $899,500 | -- | $927 / 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 | $5,901 | $709,360 | $212,810 | $496,550 |
| 2023 | $4,977 | $684,290 | $205,290 | $479,000 |
| 2022 | $5,234 | $708,170 | $212,450 | $495,720 |
| 2021 | $5,406 | $725,690 | $217,710 | $507,980 |
| 2020 | $5,507 | $723,580 | $217,070 | $506,510 |
| 2019 | $5,405 | $710,750 | $213,220 | $497,530 |
| 2018 | $5,593 | $731,400 | $0 | $0 |
| 2017 | $6,217 | $731,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Andy Peers
-
Brent Jackson
Seller's Agent in 2022
Brent Jackson
TTR Sotheby's International Realty
(202) 263-9200
7 in this area
288 Total Sales
-
Robert Sanders
Seller Co-Listing Agent in 2022
Robert Sanders
TTR Sotheby's International Realty
(202) 744-6463
9 in this area
339 Total Sales
-
Jared Russell
Buyer's Agent in 2022
Jared Russell
Real Broker, LLC
(301) 798-6100
2 in this area
133 Total Sales
About This Building
Map
Source: Bright MLS
MLS Number: DCDC2043066
APN: 0473-2064
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