NOT LISTED FOR SALE

525 Water St SW, Unit 423 Washington, DC 20024

Southwest DC Neighborhood

Estimated Value: $386,572 - $503,000

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. 12% increase in value since last sale

Current estimated payment $3,009/month

49 Days on Market

Highlights

  • Concierge
  • 4-minute walk to Waterfront-Seu
  • Open Floorplan
  • Fitness Center
  • 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

Hoffman Realty License #0225268490 Listed on: 05/05/2017

Last Buyer's Agent

Sarah Beatty

Samson Properties License #SP98368287

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,731

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

Est. Annual Taxes

$2,731

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
  • Remarks Public: 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.
  • 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
  • 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
  • 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

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950

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
  • Close Date: 07/14/2017

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
$438,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,536
Avg. Annual Appreciation
1.62%
Original Mortgage
$382,837
Outstanding Balance
$326,067
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$117,788
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 Buyer Sale Price Title Company
Alfred Sophia $389,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alfred Sophia $79,316
Open Alfred Sophia $382,837
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

    54 in this area

    67 Total Sales

    Section Image
  • Sarah Beatty

    Buyer's Agent in 2017

    Sarah Beatty

    Samson Properties

    (202) 421-8781

    2 in this area

    111 Total Sales

    Section Image
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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

This home is located at 525 Water St SW Unit 423, Washington, DC 20024 since 05 May 2017 and is currently estimated at $442,893, approximately $868 per square foot. This property was built in 2016. 525 Water St SW Unit 423 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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