Seller's Agent in 2023
Michelle Giannini
Hoffman Realty
(202) 438-1021
37 in this area
41 Total Sales
Estimated Value: $1,078,044 - $1,338,000
2
Beds
2
Baths
1,267
Sq Ft
$1,246/mo
HOA Fee
Highlights
- Concierge
- 4-minute walk to Waterfront-Seu
- Contemporary Architecture
- Fitness Center
- Penthouse
- 3-minute walk to Southwest Waterfront Park
About This Home
As of February 2023STUNNING WATER VIEWS! Unit 412 at 525 Water is a top-floor two-bedroom, two full bath residence with thoughtfully designed upgrades throughout. Offering a modern, open layout with hardwood flooring, direct water and skyline views and a balcony and a spacious rooftop terrace making unit 412 the definition of modern waterfront living at The Wharf.
Floor-to-ceiling windows seamlessly blend the indoor-outdoor living experience at this unique residence at 525 Water. The gourmet kitchen is equipped with Bosch appliances, quartz countertops, Porcelanosa cabinets. Customizations include an island with a waterfall edge, pendant lighting, and a contemporary tile backsplash. Unit 412’s main level also offers a generous living area and secondary bedroom with en-suite bathroom and balcony as well as ample closet space and custom built-ins that also make it perfect for a home office. The primary suite encompasses the entire second level of this residence and includes spacious custom closets and a luxurious 4-piece bath. A built-in wet-bar leading to an expansive wrap-around terrace with outdoor gas grill, firepit, water and panoramic skyline views make this the perfect space for entertaining. This residence includes two sought after dedicated parking and two storage spaces.
525 Water, delivered by Hoffman & Associates in 2016, blends modern architecture with serene green spaces and offers ample amenities, including a concierge, fitness studio, residents’ lounge and spacious landscaped courtyard and terrace. Nestled between two expansive park spaces, 525 Water opens to the lush 3.5-acre Waterfront Park and The Green, a 1.5-acre park designed by acclaimed landscape architect Michael Van Valkenburg. Located just moments from the vibrant waterfront neighborhood, The Wharf, 525 Water residents have easy access to dine at local, chef-driven restaurants, shop at locally owned boutiques and enjoy entertainment and green spaces. In addition to a world-class marina, offering slips for lease for vessels up to 300 feet and kayaking and paddleboard launch opportunities.
Last Agent to Sell the Property
(202) 438-1021 michelle@hoffmandev-realty.com Hoffman Realty License #BR98368600 Listed on: 09/16/2022
Last Buyer's Agent
(202) 230-8784 nspencer@ttrsir.com TTR Sotheby's International Realty License #678383
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,345
Year Built
- Built in 2016
Lot Details
- 610
HOA Fees
- $1,246 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Garage Door Opener
Home Design
- Penthouse
- Contemporary Architecture
- Entry on the 4th floor
Interior Spaces
- 1,267 Sq Ft Home
- Property has 2 Levels
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 2088
- Assessor Parcel Number 0473//2088
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, management, parking fee, sewer, trash
- Low-Rise Condominium
- Southwest Waterfront Subdivision
Amenities
- Concierge
- Common Area
- Elevator
Recreation
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2022
Closed on
Feb 17, 2023
Sold by
Nazelrod Peter J
Bought by
Macgmason Trust
Seller's Agent
Michelle Giannini
Hoffman Realty
Buyer's Agent
Noelle-Kristine Spencer
TTR Sotheby's International Realty
List Price
$1,525,000
Sold Price
$1,325,000
Premium/Discount to List
-$200,000
-13.11%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$109,739
Avg. Annual Appreciation
-3.04%
Original Mortgage
$825,000
Outstanding Balance
$799,017
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$416,244
Purchase Details
Closed on
Jul 28, 2016
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Nazelrod Peter J and Nazelrod Rene D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,031
Interest Rate
3.54%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Macgmason Trust | $1,325,000 | -- | |
| Nazelrod Peter J | $1,169,900 | L P Title Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Macgmason Trust | $825,000 | |
| Previous Owner | Nazelrod Peter J | $915,031 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/17/2023 02/17/23 | Sold | $1,325,000 | -5.0% | $1,046 / Sq Ft |
| 12/31/2022 12/31/22 | Pending | -- | -- | -- |
| 11/11/2022 11/11/22 | Price Changed | $1,395,000 | -8.5% | $1,101 / Sq Ft |
| 09/16/2022 09/16/22 | For Sale | $1,525,000 | -- | $1,204 / 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 |
|---|---|---|---|---|
| 2025 | $10,067 | $1,200,000 | $360,000 | $840,000 |
| 2024 | $8,421 | $1,005,910 | $301,770 | $704,140 |
| 2023 | $8,017 | $957,920 | $287,380 | $670,540 |
| 2022 | $8,345 | $995,500 | $298,650 | $696,850 |
| 2021 | $8,618 | $1,027,180 | $308,150 | $719,030 |
| 2020 | $8,727 | $1,026,710 | $308,010 | $718,700 |
| 2019 | $8,442 | $993,130 | $297,940 | $695,190 |
| 2018 | $8,696 | $1,023,100 | $0 | $0 |
| 2017 | $8,696 | $1,023,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle Giannini
-
Lynn Tsao
Seller Co-Listing Agent in 2023
Lynn Tsao
Hoffman Realty
(202) 302-3060
53 in this area
72 Total Sales
-
Noelle-Kristine Spencer
Buyer's Agent in 2023
Noelle-Kristine Spencer
TTR Sotheby's International Realty
(202) 230-8784
1 in this area
7 Total Sales
About This Building
Map
Source: Bright MLS
MLS Number: DCDC2066068
APN: 0473-2088
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