$2,395,000
SOLD MAY 7, 2025

525 Water St SW, Unit 401 Washington, DC 20024

Southwest DC Neighborhood
3 Beds
3 Baths
2,100 Sq Ft
$2,440/mo HOA Fee

Recently Sold

$1,140 Per Sq Ft

0 Day on Market

Highlights

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

About This Home

As of May 2025

Residence 401, is a three bedroom, 3 full bathroom penthouse duplex with sweeping waterfront views of the celebrated Washington Channel, pristine Waterfront Park, and Hains Point, blending total tranquility with delightful amenities.

Last Agent to Sell the Property

Nicole Terry

TTR Sotheby's International Realty License #0225256171 Listed on: 04/28/2025

TTR Sotheby's International Realty

Co-Listed By

Daniel Heider

TTR Sotheby's International Realty License #681976

Last Buyer's Agent

Zach Yelton

Samson Properties License #SP40001204

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,031

Year Built

  • Built in 2016

HOA Fees

  • $2,440 Monthly HOA Fees

Parking

  • Subterranean Parking

Home Design

  • Penthouse
  • Contemporary Architecture
  • Entry on the 4th floor

Interior Spaces

  • 2,100 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Ceiling Fan
  • Dining Area
  • Wood Flooring
  • Washer and Dryer Hookup

Kitchen

  • Gourmet Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Heat Pump System
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 2077
  • Assessor Parcel Number 0473//2077

Community Details

Overview

  • Association fees include common area maintenance, gas, management, parking fee, reserve funds, trash, water
  • Low-Rise Condominium
  • 525 Water Condos
  • Southwest Waterfront Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Party Room
  • Elevator

Recreation

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,031

Year Built

Built in 2016

Lot Details

0

HOA Fees

$2,440 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2025-05-29
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Remarks Public: Residence 401, is a three bedroom, 3 full bathroom penthouse duplex with sweeping waterfront views of the celebrated Washington Channel, pristine Waterfront Park, and Hains Point, blending total tranquility with delightful amenities.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 4
  • Interior Amenities: Built-Ins, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Pantry, Walk-In Closet(s), Wet/Dry Bar, Wood Floors
  • Fireplace: No
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 2100
  • Living Area Sq Ft: 2100
  • Price Per Sq Ft: 1140.48
  • Above Grade Finished Sq Ft: 2100
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 525

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Exterior Features: Bbq Grill, Exterior Lighting
  • View: Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric, Heat Pump(s)
  • 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: 2440.24
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: 525 Water
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Party Room, Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Gas, Management, Parking Fee, Reserve Funds, Trash, 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

  • Soil Types: Urban Land Not Rated
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok, Dogs Ok, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 11031.00
  • Assessor Parcel Number: 0473//2077
  • Tax Lot: 2077
  • Tax Total Finished Sq Ft: 1895
  • County Tax Payment Frequency: Unknown
  • Tax Year: 2023
  • Close Date: 05/07/2025

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Apr 26, 2022
Sold by
Mark Dorigan
Bought by
Melissa H Belman Revocable Trust
Seller's Agent
Lynn Tsao
Hoffman Realty
Buyer's Agent
Alexandra Fielding
TTR Sotheby's International Realty
List Price
$2,150,000
Sold Price
$2,175,000
Premium/Discount to List
$25,000
1.16%
Current Estimated Value
$2,318,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,606
Avg. Annual Appreciation
2.00%

Purchase Details

Closed on
Jul 29, 2016
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Dorigan Mark and Fredenburg Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.54%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $2,175,000 Westcor Land Title
Special Warranty Deed $1,690,100 Lp Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 Sold $2,395,000 0.0% $1,140 / Sq Ft
04/28/2025 04/28/25 Pending -- -- --
04/28/2025 04/28/25 For Sale $2,395,000 +10.1% $1,140 / Sq Ft
05/02/2022 05/02/22 Sold $2,175,000 +1.2% $1,036 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $2,150,000 -- $1,024 / 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 $11,031 $1,312,970 $393,890 $919,080
2023 $10,456 $1,244,790 $373,440 $871,350
2022 $10,262 $1,299,740 $389,920 $909,820
2021 $10,726 $1,351,570 $405,470 $946,100
2020 $10,871 $1,354,680 $406,400 $948,280
2019 $10,423 $1,301,100 $390,330 $910,770
2018 $12,154 $1,503,210 $0 $0
2017 $12,777 $1,503,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nicole Terry

    Seller's Agent in 2025

    Nicole Terry

    TTR Sotheby's International Realty

    (301) 785-0777

    2 in this area

    65 Total Sales

    Nicole Terry
    Section Image
  • Daniel Heider

    Seller Co-Listing Agent in 2025

    Daniel Heider

    TTR Sotheby's International Realty

    (703) 785-7820

    4 in this area

    420 Total Sales

    Daniel Heider
    Section Image
  • Zach Yelton

    Buyer's Agent in 2025

    Zach Yelton

    Samson Properties

    (571) 762-6440

    1 in this area

    48 Total Sales

    Zach Yelton
    Section Image
  • Barak Sky

    Buyer Co-Listing Agent in 2025

    Barak Sky

    Serhant

    (301) 742-5759

    9 in this area

    819 Total Sales

    Barak Sky
    Section Image
  • Lynn Tsao

    Seller's Agent in 2022

    Lynn Tsao

    Hoffman Realty

    (202) 302-3060

    54 in this area

    70 Total Sales

    Lynn Tsao
    Section Image
  • Alexandra Fielding

    Buyer's Agent in 2022

    Alexandra Fielding

    TTR Sotheby's International Realty

    (202) 579-5313

    1 in this area

    51 Total Sales

    Alexandra Fielding
    Section Image
See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: DCDC2197704

Bright MLS

APN: 0473-2077

District of Columbia District of Columbia County Washington 20024 Southwest DC

525 Water St SW Unit 401, Washington, DC

This home is located at 525 Water St SW Unit 401, Washington, DC 20024 and is currently priced at $2,395,000, approximately $1,140 per square foot. This property was built in 2016. 525 Water St SW Unit 401 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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