NOT LISTED FOR SALE

525 Water St SW, Unit 423 Washington, DC 20024

Southwest DC Neighborhood

Estimated Value: $403,887 - $535,000

1 Bed
1 Bath
510 Sq Ft
$381/mo HOA Fee

Last Sold July 14, 2017

Last sale price $389,900 $765 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,064/month

49 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 July 2017

Move-in Ready! 1 bedroom, 1 bath condominium in new construction! This unit features modern finishes and floor to ceiling window. 525 Water is adjacent to Waterfront Park, a 3.5 acre 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: 05/05/2017

Last Buyer's Agent

Sarah Beatty

(202) 421-8781 sarahbakerrealtor@gmail.com Samson Properties License #SP98368287

Samson Properties

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • 218

HOA Fees

  • $381 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 510 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 2099
  • Assessor Parcel Number NO ID

Community Details

Overview

  • Moving Fees Required
  • Association fees include gas, sewer, water, trash, snow removal, management, insurance, reserve funds, common area maintenance, lawn maintenance
  • 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

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

$381 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: 4098
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Refrigerator, Stove, Washer/Dryer Stacked
  • Interior Amenities: Combination Kitchen/Dining, 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: 510
  • Living Area Sq Ft: 510
  • Price Per Sq Ft: 764.51
  • Above Grade Finished Sq Ft: 510
  • 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: 381.36
  • 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, Common Area Maintenance, Lawn Maintenance
  • HOA Condo Co-Op Rules: Pets - Allowed, Moving In Times, Elevator Use, Covenants, Moving Fees Required
  • HOA: No
  • Senior Community: No

Lot Info

  • 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: 2099

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2017
Closed on
Jul 14, 2017
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Alfred Sophia
Seller's Agent
Lynn Tsao
Hoffman Realty
Buyer's Agent
Sarah Beatty
Samson Properties
List Price
$389,900
Sold Price
$389,900
Current Estimated Value
$465,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,072
Avg. Annual Appreciation
2.14%
Original Mortgage
$382,837
Outstanding Balance
$321,698
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$144,274
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Alfred Sophia $389,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alfred Sophia $382,837
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2017 07/14/17 Sold $389,900 0.0% $765 / Sq Ft
06/23/2017 06/23/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $389,900 -- $765 / 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 $2,782 $432,740 $129,820 $302,920
2024 $2,731 $423,500 $127,050 $296,450
2023 $2,659 $411,540 $123,460 $288,080
2022 $2,806 $422,600 $126,780 $295,820
2021 $2,872 $427,540 $128,260 $299,280
2020 $2,964 $424,370 $127,310 $297,060
2019 $2,779 $421,750 $126,520 $295,230
2018 $2,539 $372,070 $0 $0
2017 $3,163 $372,070 $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

    72 Total Sales

    Lynn Tsao
    Section Image
  • Sarah Beatty

    Buyer's Agent in 2017

    Sarah Beatty

    Samson Properties

    (202) 421-8781

    2 in this area

    110 Total Sales

    Sarah Beatty
    Section Image
See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: 1001390353

Bright MLS

APN: 0473-2099

District of Columbia District of Columbia County Washington 20024 Southwest DC

525 Water St SW Unit 423, Washington, DC

Not Listed for Sale

Condos

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