NOT LISTED FOR SALE

Estimated Value: $387,804 - $530,000

1 Bed
1 Bath
540 Sq Ft
$498/mo HOA Fee

Last Sold August 25, 2017

Last sale price $392,900 $728 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,093/month

Highlights

  • Concierge
  • 4-minute walk to Waterfront-Seu
  • Furnished
  • Fitness Center
  • Contemporary Architecture
  • 3-minute walk to Southwest Waterfront Park

About This Home

As of June 2024

Available fully furnished! Pet deposit is $100 per pet (limit 2). Explore residence 330 at 525 Water. Nestled between two parks in the vibrant Wharf neighborhood, this thoughtfully designed one-bedroom, one-bath residence features an open floor plan with hardwood flooring throughout the living area, over 9-foot ceilings, and a Juliette balcony that provides ample natural light. The modern, galley-style kitchen is equipped with Porcelanosa cabinetry, quartz countertops, a gas range, and Bosch appliances. The primary bedroom has been upgraded to feature an Elfa Decor premium hardwood closet system. Residence 330 is the definition of modern living at the intersection of inspiring green space and dynamic city life.

525 Water, delivered by Hoffman & Associates in 2016, blends modern architecture with serene green spaces and offers amenities including a concierge, fitness studio, residents’ lounge, and spacious landscaped courtyard and terrace. Located between two expansive park spaces, 525 Water opens to the lush 3.5-acre Waterfront Park and The Green, a 1.5acre park designed by acclaimed landscape architect Michael Van Valkenburg.

The perfect combination of tranquility and energy, 525 Water is only moments from The Wharf. Enjoy all that this dynamic mile-long waterfront neighborhood has to offer. Stroll along the promenade and down the pier to kayak, canoe and paddleboard or hop on a jitney to East Potomac Park. With over 80 dining and shopping options, dine at local, chef-driven restaurants, shop at locally-owned boutiques and enjoy live music at 3 unique concert venues. Weekends at The Wharf are filled with community events ranging from waterside yoga to music and cultural festivals. And beyond The Wharf, 525 Water is conveniently located near The Yards, Nationals Park and Audi Field.

Last Agent to Rent the Property

Michelle Giannini

Hoffman Realty License #BR98368600 Listed on: 04/19/2024

Co-Listed By

Lynn Tsao

Hoffman Realty License #0225268490

Last Renter's Agent

Richard Pearrell

EXP Realty, LLC License #BR40000335

EXP Realty, LLC

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,741

Year Built

  • Built in 2016

Lot Details

  • 218

HOA Fees

  • $498 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture

Interior Spaces

  • 540 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed
  • Doors with lever handles
  • Level Entry For Accessibility

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,600
  • Tenant pays for cable TV, insurance, minor interior maintenance
  • The owner pays for association fees, electricity, gas, heat, water
  • Rent includes furnished
  • No Smoking Allowed
  • 12-Month Min and 36-Month Max Lease Term
  • Available 5/1/24
  • $50 Application Fee
  • Assessor Parcel Number 0473//2075

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, reserve funds, sewer, water, gas
  • Low-Rise Condominium
  • 525 Water, A Condominium Condos
  • 525 Water Community
  • Southwest Waterfront Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Party Room

Recreation

Pet Policy

  • Limit on the number of pets
  • Pet Deposit $100
  • $5 Monthly Pet Rent
  • Dogs and Cats Allowed

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,741

Year Built

Built in 2016

Lot Details

0

HOA Fees

$498 per month

Rental Info

  • Date Available: 2024-05-01
  • Application Fee: 50.00
  • Furnished: Yes
  • Monthly Pet Rent: 5.00
  • Owner Pays: Association Fees, Electricity, Gas, Heat, Water
  • Pet Deposit: 100.00
  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Rent Includes: Furnished
  • Security Deposit: 2600.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Cable Tv, Insurance, Minor Interior Maintenance
  • Vacation Rental: No
  • Property Manager: Yes
  • Max Lease in Months: 36
  • Min Lease in Months: 12
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Doors - Lever Handle(s), Elevator, Level Entry - Main
  • New Construction: No
  • Story List: Main
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: Available fully furnished! Pet deposit is $100 per pet (limit 2). Explore residence 330 at 525 Water. Nestled between two parks in the vibrant Wharf neighborhood, this thoughtfully designed one-bedroom, one-bath residence features an open floor plan with hardwood flooring throughout the living area, over 9-foot ceilings, and a Juliette balcony that provides ample natural light. The modern, galley-style kitchen is equipped with Porcelanosa cabinetry, quartz countertops, a gas range, and Bosch appliances. The primary bedroom has been upgraded to feature an Elfa Decor premium hardwood closet system. Residence 330 is the definition of modern living at the intersection of inspiring green space and dynamic city life. 525 Water, delivered by Hoffman & Associates in 2016, blends modern architecture with serene green spaces and offers amenities including a concierge, fitness studio, residents’ lounge, and spacious landscaped courtyard and terrace. Located between two expansive park spaces, 525 Water opens to the lush 3.5-acre Waterfront Park and The Green, a 1.5acre park designed by acclaimed landscape architect Michael Van Valkenburg. The perfect combination of tranquility and energy, 525 Water is only moments from The Wharf. Enjoy all that this dynamic mile-long waterfront neighborhood has to offer. Stroll along the promenade and down the pier to kayak, canoe and paddleboard or hop on a jitney to East Potomac Park. With over 80 dining and shopping options, dine at local, chef-driven restaurants, shop at locally-owned boutiques and enjoy live music at 3 unique concert venues. Weekends at The Wharf are filled with community events ranging from waterside yoga to music and cultural festivals. And beyond The Wharf, 525 Water is conveniently located near The Yards, Nationals Park and Audi Field.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 540
  • Living Area Sq Ft: 540
  • Price Per Sq Ft: 4.81
  • Above Grade Finished Sq Ft: 540
  • 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, Below Grade
  • Construction Materials: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • 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: 498.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: 525 Water, A Condominium
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Exercise Room, Party Room, Concierge
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Reserve Funds, Sewer, Water, Gas
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Zoning: MU-12
  • In City Limits: Yes

Tax Info

  • Assessor Parcel Number: 0473//2075
  • Close Date: 06/17/2024

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2017
Closed on
Aug 25, 2017
Bought by
Young Samuel
Seller's Agent
Lynn Tsao
Hoffman Realty
Buyer's Agent
David Ehrenberg
Redfin Corp
List Price
$389,900
Sold Price
$392,900
Premium/Discount to List
$3,000
0.77%
Current Estimated Value
$432,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,393
Avg. Annual Appreciation
1.28%
Original Mortgage
$373,255
Interest Rate
4.03%
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
Young Samuel $392,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Samuel $361,500
Closed Young Samuel $373,255
Closed Young Samuel $373,255
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2024 06/17/24 Rented $2,899 +11.5% --
05/06/2024 05/06/24 Under Contract -- -- --
04/19/2024 04/19/24 For Rent $2,600 0.0% --
08/25/2017 08/25/17 Sold $392,900 +0.8% $728 / Sq Ft
08/04/2017 08/04/17 Pending -- -- --
07/20/2017 07/20/17 For Sale $389,900 0.0% $722 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
02/24/2017 02/24/17 For Sale $389,900 -- $722 / 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 $2,741 $424,720 $127,420 $297,300
2023 $2,669 $412,710 $123,810 $288,900
2022 $2,817 $423,820 $127,150 $296,670
2021 $2,883 $428,820 $128,650 $300,170
2020 $2,935 $425,640 $127,690 $297,950
2019 $2,675 $422,990 $126,900 $296,090
2018 $2,444 $360,900 $0 $0
2017 $3,068 $360,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2137848

Bright MLS

APN: 0473-2075