NOT LISTED FOR SALE

525 Water St SW, Unit 430 Washington, DC 20024

Southwest DC Neighborhood

Estimated Value: $437,000 - $478,000

1 Bed
1 Bath
459 Sq Ft
436 Sq Ft Lot

Last Sold May 12, 2023

Last sale price $415,000 $904 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,699/month

Highlights

  • Concierge
  • 4-minute walk to Waterfront-Seu
  • Level Entry For Accessibility
  • Fitness Center
  • Contemporary Architecture
  • 3-minute walk to Southwest Waterfront Park

About This Home

As of June 2023

Nestled within the vibrant Wharf neighborhood, this 1 bedroom 1 bathroom condo offers an inviting layout with hardwood flooring throughout the living area, ceilings towering over 9 feet, and a Juliette balcony that floods the space with abundant natural light. The contemporary galley-style kitchen features Porcelanosa cabinetry, quartz countertops, a gas range, and top-of-the-line Bosch appliances. This condo epitomizes modern living, where captivating green spaces intersect with a thriving urban environment.

525 Water seamlessly combines modern architecture with tranquil natural surroundings. The residence boasts a host of amenities including a dedicated concierge, a well-equipped fitness studio, a comfortable residents' lounge, and a spacious landscaped courtyard and terrace. Positioned between two expansive parks, 525 Water grants access to the lush 3.5-acre Waterfront Park and The Green, a 1.5-acre park masterfully designed by renowned landscape architect Michael Van Valkenburg. This harmonious blend of serenity and vitality makes 525 Water an idyllic residence mere moments away from The Wharf.

Last Agent to Rent the Property

Jocelyn Vas

(301) 219-3288 jocelyn.vas@compass.com RLAH @properties License #SP98372571 Listed on: 05/12/2023

RLAH @properties

Co-Listed By

Molly Branson

(301) 814-9925 molly@districtresidential.com TTR Sotheby's International Realty License #656847

Last Renter's Agent

Jocelyn Vas

(301) 219-3288 jocelyn.vas@compass.com RLAH @properties License #SP98372571 Listed on: 05/12/2023

RLAH @properties

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 2016

Lot Details

  • 436

Home Design

  • Contemporary Architecture
  • Entry on the 4th floor

Interior Spaces

  • 459 Sq Ft Home
  • Property has 1 Level
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed
  • Doors with lever handles
  • Level Entry For Accessibility

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,300
  • $500 Move-In Fee
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 5/12/23
  • $50 Application Fee
  • Assessor Parcel Number 0473//2106

Community Details

Overview

  • Property has a Home Owners Association
  • $500 Elevator Use Fee
  • Association fees include common area maintenance, management, trash, water, snow removal, exterior building maintenance
  • $250 Other One-Time Fees
  • Low-Rise Condominium
  • 525 Water Condos
  • Southwest Waterfront Subdivision

Amenities

  • Concierge
  • Common Area

Recreation

Pet Policy

  • No Pets Allowed

Condo Details

Home Type

Condominium

Year Built

Built in 2016

Lot Details

0

Rental Info

  • Date Available: 2023-05-12
  • Application Fee: 50.00
  • Pets Allowed: No
  • Security Deposit: 2300.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Move In Fee: 500.00
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator, Level Entry - Main, Doors - Lever Handle(s)
  • New Construction: No
  • Story List: Main
  • Year Built: 2016
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 4
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 459
  • Living Area Sq Ft: 459
  • Price Per Sq Ft: 4.90
  • Above Grade Finished Sq Ft: 459
  • 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, Below Grade
  • Construction Materials: Combination
  • 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
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: 525 Water
  • Elevator Use Fee: 500.00
  • HOA Condo Co-Op Amenities: Common Grounds, Concierge, Elevator, Exercise Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Trash, Water, Snow Removal, Ext Bldg Maint
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 250.00
  • Other Fees Frequency: One Time

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.01
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 221.00
  • Zoning: R-3

Tax Info

  • Assessor Parcel Number: 16186260
  • Assessor Parcel Number: 0473//2106

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2017
Sold by
Rwp Llc A District Of Columbia Limited L
Bought by
Bacon Elinor R
Current Estimated Value
$459,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,920
Outstanding Balance
$276,962
Interest Rate
3.96%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$181,040
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
Bacon Elinor R $414,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bacon Elinor R $331,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/15/2023 06/15/23 Rented $2,150 -4.4% --
06/09/2023 06/09/23 Under Contract -- -- --
05/30/2023 05/30/23 Price Changed $2,250 0.0% $5 / Sq Ft
05/12/2023 05/12/23 Sold $415,000 0.0% $769 / Sq Ft View Prior Sale
05/12/2023 05/12/23 For Rent $2,300 0.0% --
04/13/2023 04/13/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $445,000 -- $824 / 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 $3,386 $414,000 $124,200 $289,800
2024 $4,130 $501,060 $150,320 $350,740
2023 $3,232 $478,950 $143,680 $335,270
2022 $3,225 $471,870 $141,560 $330,310
2021 $3,254 $473,550 $142,060 $331,490
2020 $3,066 $477,750 $143,320 $334,430
2019 $2,794 $444,140 $133,240 $310,900
2018 $2,553 $373,690 $0 $0
2017 $3,176 $373,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Tsao

    Seller's Agent in 2023

    Lynn Tsao

    Hoffman Realty

    (202) 302-3060

    53 in this area

    72 Total Sales

    Lynn Tsao
    Section Image
  • Jocelyn Vas

    Landlord's Agent in 2023

    Jocelyn Vas

    Real Living at Home

    (301) 219-3288

    3 in this area

    183 Total Sales

    Jocelyn Vas
    Section Image
  • Molly Branson

    Landlord's Co-Listing Agent in 2023

    Molly Branson

    TTR Sotheby's International Realty

    (301) 814-9925

    195 Total Sales

    Molly Branson
    Section Image
  • Michelle Giannini

    Seller Co-Listing Agent in 2023

    Michelle Giannini

    Hoffman Realty

    (202) 438-1021

    37 in this area

    41 Total Sales

    Michelle Giannini
    Section Image
See All Agents

About This Building

Map

Source: Bright MLS

MLS Number: DCDC2095986

Bright MLS

APN: 0473-2106

District of Columbia District of Columbia County Washington 20024 Southwest DC

525 Water St SW Unit 430, Washington, DC

Not Listed for Sale

Condos

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