NOT LISTED FOR SALE

525 Water St SW, Unit 414 Washington, DC 20024

Southwest DC Neighborhood

Estimated Value: $442,146 - $585,000

1 Bed
1 Bath
540 Sq Ft
$407/mo HOA Fee

Last Sold April 13, 2017

Last sale price $424,900 $787 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,352/month

25 Days on Market

Highlights

  • Concierge
  • 4-minute walk to Waterfront-Seu
  • Open Floorplan
  • Fitness Center
  • Built in 2016 | Newly Remodeled
  • 3-minute walk to Southwest Waterfront Park

About This Home

As of April 2017

Move-in Ready! 1BR/1BA unit in new construction condominium with spacious living areas, floor to ceiling windows and modern finishes. 525 Water is adjacent to future Waterfront Park and conveniently next to The Wharf.

Last Agent to Sell the Property

Lynn Tsao

(202) 302-3060 lynn@hoffmandev-realty.com Hoffman Realty License #0225268490 Listed on: 02/24/2017

Last Buyer's Agent

Boris Miric

(202) 550-8484 info@borismiric.com Fathom Realty DC, LLC License #0225074340

Fathom Realty DC, LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 218

HOA Fees

  • $407 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Metal Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 540 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Combination Kitchen and Dining Room
  • Stacked Washer and Dryer

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is in very good condition

Listing and Financial Details

  • Tax Lot 2034
  • Assessor Parcel Number NO ID

Community Details

Overview

  • Moving Fees Required
  • Association fees include gas, sewer, water, trash, snow removal, management, insurance, reserve funds
  • 107 Units
  • Low-Rise Condominium
  • Built by PN HOFFMAN
  • 525 Water Condominium Community
  • Rla Subdivision
  • The community has rules related to covenants, moving in times

Amenities

  • Concierge
  • Common Area
  • Meeting Room
  • Elevator

Recreation

Pet Policy

  • Pets Allowed

Security

  • Front Desk in Lobby
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

HOA Fees

$407 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: Yes
  • Story List: Main
  • Year Built: 2016
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Refrigerator, Stove, Washer/Dryer Stacked
  • Interior Amenities: Combination Kitchen/Dining, Elevator, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 540
  • Living Area Sq Ft: 540
  • Price Per Sq Ft: 786.85
  • Above Grade Finished Sq Ft: 540
  • Above Grade Finished Area Units: Square Feet

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
  • Construction Materials: Brick, Metal Siding, Combination
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Desk In Lobby, Main Entrance Lock, Resident Manager
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 406.56
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Meeting Room, Exercise Room, Common Grounds, Concierge
  • HOA Condo Co-Op Fee Includes: Gas, Sewer, Water, Trash, Snow Removal, Management, Insurance, Reserve Funds
  • HOA Condo Co-Op Rules: Covenants, Pets - Allowed, Moving Fees Required, Moving In Times
  • HOA: No
  • Senior Community: No

Lot Info

  • Outdoor Living Structures: Balcony
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Soil Types: Unknown

Building Info

  • Builder Name: PN HOFFMAN

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: NO ID
  • Tax Lot: 2034

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
Apr 13, 2017
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Groomes Diane C
Seller's Agent
Lynn Tsao
Hoffman Realty
Buyer's Agent
Boris Miric
Fathom Realty DC, LLC
List Price
$424,900
Sold Price
$424,900
Current Estimated Value
$508,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,137
Avg. Annual Appreciation
2.09%
Original Mortgage
$382,410
Outstanding Balance
$316,496
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$191,541
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Groomes Diane C $424,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Groomes Diane C $382,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2017 04/13/17 Sold $424,900 0.0% $787 / Sq Ft
03/21/2017 03/21/17 Pending -- -- --
02/24/2017 02/24/17 For Sale $424,900 -- $787 / 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
2025 $3,265 $489,570 $146,870 $342,700
2024 $3,204 $479,110 $143,730 $335,380
2023 $3,082 $461,350 $138,400 $322,950
2022 $3,242 $473,830 $142,150 $331,680
2021 $3,301 $479,520 $143,860 $335,660
2020 $3,108 $476,000 $142,800 $333,200
2019 $2,832 $468,680 $140,600 $328,080
2018 $2,587 $377,760 $0 $0
2017 $3,211 $377,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Tsao

    Seller's Agent in 2017

    Lynn Tsao

    Hoffman Realty

    (202) 302-3060

    53 in this area

    71 Total Sales

    Lynn Tsao
    Section Image
  • Boris Miric

    Buyer's Agent in 2017

    Boris Miric

    Fathom Realty DC, LLC

    (202) 550-8484

    62 Total Sales

    Boris Miric
    Section Image
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About This Building

Map

Source: Bright MLS

MLS Number: 1000080664

Bright MLS

APN: 0473-2090

District of Columbia District of Columbia County Washington 20024 Southwest DC

525 Water St SW Unit 414, Washington, DC

Not Listed for Sale

Condos

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