Seller's Agent in 2024
Lynn Tsao
Hoffman Realty
(202) 302-3060
53 in this area
71 Total Sales
Estimated Value: $964,860 - $1,176,000
2
Beds
2
Baths
1,210
Sq Ft
$1,359/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 June 2024Unit 426 at 525 Water is two-level, top floor two-bedroom and den residence with two full baths, a generous terrace and two parking spaces. Natural light pours in through the floor-to-ceiling windows on each level while an open layout offers ample space for modern living. The gourmet kitchen is equipped with Bosch appliances, quartz countertops, Porcelenosa cabinets and a spacious eat-in island. Unit 426’s main level also offers a living area and secondary bedroom, full bathroom and two Juliette balconies. A sophisticated, industrial-style staircase gives way to the second level, a light-filled den leading to the primary suite with a luxurious, 4-piece bath and a large closet. Both the primary bedroom and den open to a generous outdoor terrace seamlessly blending indoor-outdoor living. Stylish upgrades to the residence include designer wallpaper, unique lighting fixtures and blackout shades throughout. This residence includes two highly sought-after, dedicated garage parking spaces.
525 Water, delivered by Hoffman & Associates in 2016, blends modern architecture with green spaces and offers ample amenities, including a concierge, fitness studio, residents’ lounge and spacious landscaped courtyard and terrace. Nestled between two park settings, 525 Water opens to the lush 3.5-acre Waterfront Park, and is located just moments from the vibrant waterfront neighborhood, The Wharf. 525 Water residents have easy access to 1 mile of waterfront promenade with chef-driven restaurants, locally owned boutiques, live music as well as local productions at Arena Stage. 525 Water is adjacent to a world-class marina, offering kayaking and paddleboard launch opportunities. Located moments from the Smithsonian museums, Waterfront Station Metro, local airports and major thoroughfares and conveniently located near The Yards, Nats Park and Audi Field, 525 Water offers unparalleled connectivity.
Last Agent to Sell the Property
(202) 302-3060 lynn@hoffmandev-realty.com Hoffman Realty License #0225268490 Listed on: 11/10/2023
Last Buyer's Agent
(202) 486-5918 david@davidthomashomes.com Keller Williams Capital Properties License #BR98374505
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,862
Year Built
- Built in 2016
Lot Details
- 523
HOA Fees
- $1,359 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Garage Door Opener
Home Design
- Penthouse
- Contemporary Architecture
- Entry on the 4th floor
Interior Spaces
- 1,210 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
Laundry
- Laundry in unit
- Washer and Dryer Hookup
Outdoor Features
- Terrace
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 2102
- Assessor Parcel Number 0473//2102
Community Details
Overview
- Association fees include water, sewer, gas, trash, parking fee, common area maintenance, exterior building maintenance, management, reserve funds
- $550 Other One-Time Fees
- Low-Rise Condominium
- 525 Water, A Condominium Condos
- Built by Hoffman & Associates
- 525 Water Community
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 10, 2023
Closed on
Jun 10, 2024
Sold by
Cooke 525 Water 426 Llc
Bought by
Carlisle Maxwell James and Carlisle Ann Raettig
Seller's Agent
Lynn Tsao
Hoffman Realty
Buyer's Agent
David Thomas
Keller Williams Capital Properties
List Price
$1,175,000
Sold Price
$975,000
Premium/Discount to List
-$200,000
-17.02%
Views
111
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
$78,465
Avg. Annual Appreciation
5.33%
Original Mortgage
$766,550
Outstanding Balance
$755,816
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$297,649
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 |
|---|---|---|---|
| Carlisle Maxwell James | $975,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Carlisle Maxwell James | $766,550 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/10/2024 06/10/24 | Sold | $975,000 | -2.0% | $806 / Sq Ft | |
| 05/10/2024 05/10/24 | Pending | -- | -- | -- | |
| 04/30/2024 04/30/24 | Price Changed | $995,000 | -15.3% | $822 / Sq Ft | |
| 11/10/2023 11/10/23 | For Sale | $1,175,000 | +14.1% | $971 / Sq Ft | |
| 06/12/2017 06/12/17 | Sold | $1,029,900 | +8.4% | $851 / Sq Ft | View Prior Sale |
| 05/25/2017 05/25/17 | Pending | -- | -- | -- | |
| 05/05/2017 05/05/17 | For Sale | $949,900 | -- | $785 / 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 | $7,642 | $1,004,500 | $301,350 | $703,150 |
| 2024 | $8,163 | $975,540 | $292,660 | $682,880 |
| 2023 | $7,815 | $934,090 | $280,230 | $653,860 |
| 2022 | $7,862 | $938,760 | $281,630 | $657,130 |
| 2021 | $8,041 | $959,300 | $287,790 | $671,510 |
| 2020 | $8,259 | $971,610 | $291,480 | $680,130 |
| 2019 | $7,524 | $885,210 | $265,560 | $619,650 |
| 2018 | $7,852 | $923,780 | $0 | $0 |
| 2017 | $7,852 | $923,780 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lynn Tsao
-
David Thomas
Buyer's Agent in 2024
David Thomas
Keller Williams Capital Properties
(202) 486-5918
5 in this area
84 Total Sales
-
N
Buyer's Agent in 2017
Non Member Member
Metropolitan Regional Information Systems
About This Building
Map
Source: Bright MLS
MLS Number: DCDC2118334
APN: 0473-2102
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