NOT LISTED FOR SALE

5402 Connecticut Ave NW Unit 507 Washington, DC 20015

Chevy Chase Neighborhood

Estimated Value: $310,000 - $353,000

1 Bed
1 Bath
764 Sq Ft
$350/mo HOA Fee

Last Sold April 19, 2022

Last sale price $362,000 $474 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,361/month

5 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • Gourmet Kitchen
  • Lafayette Elementary School Rated A-
  • No Units Above
  • Panoramic View

About This Home

As of April 2022

Welcome to The Louie condominium and the best unit in the building! This large end unit penthouse boasts three exposures, spectacular sunset views and an abundance of natural light. Step inside to 9’ ceilings, original hardwood floors, original foyer archway, an open concept kitchen, and sizeable bedroom. There is a large walk-in closet in the foyer for extra storage. In the kitchen you will find all new stainless steel appliances, granite countertops, ample cabinet space, and updated cabinet hardware. The living area is large enough to hold a dining table, an oversized couch where you can lounge and watch the sunset, and office space to work from home.

The recently added laundry closet in the bedroom makes laundry easy and the natural light from the three bedroom windows on two exposures provide a quiet oasis. In both the living room and bedroom, you will stay cool over the summer with the brand new and quiet Midea window unit that still lets in plentiful natural light. In the bathroom you will be bathed in natural light as well. Step into the shower with the spa like showerhead and you will feel like you are on vacation. New lighting throughout the unit.

The Louie condominium is well managed, keeping condo fees low! Condo fee even includes heat. Condo fees have only seen a nominal increase twice in ten years. Throughout the building you will see the charm of a well-maintained almost 100-year-old building with all the modern conveniences. In the basement you will find extra laundry should you need it, an exercise room, a bike room, and a storage locker. Because The Louie is on a corner lot we have a nice side yard which is great to relax with a glass of wine on warm summer nights. Just outside the condo is the bus stop for the L1/L2 which take you downtown to Farragut Square or Foggy Bottom.

Step outside the condo and head up to the business district of the neighborhood where there are plenty of restaurants and shops to choose from. Also, in walking distance down Connecticut Ave you will find more restaurant options like Little Red Fox (get the breakfast burrito!), I’m Eddie Cano (one of the best Italian restaurants in the city). Don’t forget Politics and Prose or Comet Ping Pong. If you need the metro, Friendship Heights is less than a mile away. You may have heard of the changes coming to this Chevy Chase neighborhood business district. Check out the Urban Turf article.

Last Agent to Sell the Property

Thomas Doyle

RLAH @properties License #SP98374375 Listed on: 03/24/2022

RLAH @properties

Last Buyer's Agent

Clarence Pineda

Compass License #RS-0039870

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,890

Year Built

  • Built in 1927 | Remodeled in 2005

Lot Details

  • No Units Above
  • 1 Common Wall
  • East Facing Home
  • Landscaped
  • Side Yard
  • Property is in excellent condition

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • On-Street Parking

Property Views

  • Panoramic
  • Woods

Home Design

  • Art Deco Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Plaster Walls
  • Rubber Roof

Interior Spaces

  • 764 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Double Pane Windows
  • Combination Dining and Living Room
  • Solid Hardwood Flooring
  • Monitored

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Soaking Tub
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Front Loading Dryer
  • Front Loading Washer

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Outdoor Storage
  • Urban Location

Listing and Financial Details

  • Tax Lot 2425
  • Assessor Parcel Number 1857//2425

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, heat, insurance, laundry, lawn care front, lawn care side, lawn maintenance, management, reserve funds, sewer, snow removal, trash, water
  • 38 Units
  • Mid-Rise Condominium
  • The Louie Condos
  • The Louie Community
  • Chevy Chase Subdivision

Amenities

  • Picnic Area
  • Common Area
  • Laundry Facilities
  • 1 Elevator
  • Community Storage Space

Recreation

  • Fitness Center

Pet Policy

  • Pet Size Limit
  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,890

Year Built

Built in 1927 | Remodeled in 2005

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Art Deco
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1927
  • Year Renovated: 2005
  • Automatically Close On Close Date: Yes
  • Remarks Public: Welcome to The Louie condominium and the best unit in the building! This large end unit penthouse boasts three exposures, spectacular sunset views and an abundance of natural light. Step inside to 9’ ceilings, original hardwood floors, original foyer archway, an open concept kitchen, and sizeable bedroom. There is a large walk-in closet in the foyer for extra storage. In the kitchen you will find all new stainless steel appliances, granite countertops, ample cabinet space, and updated cabinet hardware. The living area is large enough to hold a dining table, an oversized couch where you can lounge and watch the sunset, and office space to work from home. The recently added laundry closet in the bedroom makes laundry easy and the natural light from the three bedroom windows on two exposures provide a quiet oasis. In both the living room and bedroom, you will stay cool over the summer with the brand new and quiet Midea window unit that still lets in plentiful natural light. In the bathroom you will be bathed in natural light as well. Step into the shower with the spa like showerhead and you will feel like you are on vacation. New lighting throughout the unit. The Louie condominium is well managed, keeping condo fees low! Condo fee even includes heat. Condo fees have only seen a nominal increase twice in ten years. Throughout the building you will see the charm of a well-maintained almost 100-year-old building with all the modern conveniences. In the basement you will find extra laundry should you need it, an exercise room, a bike room, and a storage locker. Because The Louie is on a corner lot we have a nice side yard which is great to relax with a glass of wine on warm summer nights. Just outside the condo is the bus stop for the L1/L2 which take you downtown to Farragut Square or Foggy Bottom. Step outside the condo and head up to the business district of the neighborhood where there are plenty of restaurants and shops to choose from. Also, in walking distance down Connecticut Ave you will find more restaurant options like Little Red Fox (get the breakfast burrito!), I’m Eddie Cano (one of the best Italian restaurants in the city). Don’t forget Politics and Prose or Comet Ping Pong. If you need the metro, Friendship Heights is less than a mile away. You may have heard of the changes coming to this Chevy Chase neighborhood business district. Check out the Urban Turf article.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Front Loading, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer - Front Loading
  • Entry Floor: 5
  • Flooring Type: Solid Hardwood
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Crown Moldings, Floor Plan - Open, Kitchen - Gourmet, Soaking Tub, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Double Pane
  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above
  • Elevators Count: 1
  • Wall Ceiling Types: 9'+ Ceilings, Plaster Walls
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Kitchen, Bathroom 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Common
  • Total Sq Ft: 764
  • Living Area Sq Ft: 764
  • Price Per Sq Ft: 458.12
  • Above Grade Finished Sq Ft: 764
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5402

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: Brick
  • Exterior Features: Secure Storage
  • Roof: Flat, Rubber
  • Spa: No
  • View: Trees/Woods, Panoramic
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Main Entrance Lock, Monitored, Security System, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Broadband, Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 350.04
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Louie
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Common Grounds, Exercise Room, Laundry Facilities, Picnic Area, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Heat, Insurance, Laundry, Lawn Care Front, Lawn Care Side, Lawn Maintenance, Management, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 251360.00
  • Land Assessed Value: 107720.00
  • Lot Features: Corner, Landscaping, Sideyard(s)
  • Property Condition: Excellent
  • Soil Types: Urban Land-Manor-Glenelg
  • Year Assessed: 2021
  • Zoning: R5C
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok, Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 16020554
  • Tax Annual Amount: 2890.00
  • Assessor Parcel Number: 1857//2425
  • Tax Lot: 2425
  • Tax Total Finished Sq Ft: 764
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/19/2022

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Apr 15, 2022
Sold by
Ryba Marissa L
Bought by
Conrad David
Seller's Agent
Thomas Doyle
RLAH @properties
Buyer's Agent
Clarence Pineda
Compass
List Price
$350,000
Sold Price
$362,000
Premium/Discount to List
$12,000
3.43%
Current Estimated Value
$325,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,989
Avg. Annual Appreciation
-2.15%
Original Mortgage
$343,900
Outstanding Balance
$325,471
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$11,173

Purchase Details

Closed on
Apr 28, 2005
Sold by
Petrusek Marissa L
Bought by
Sauri Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Makonnen Elene
Bought by
Sauri Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 1994
Sold by
Rwn & Assocs
Bought by
Makonnen Elene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,250
Interest Rate
8.44%
Source: Public Records

Range of Values:

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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
Conrad David $362,000 First American Title
Sauri Michael $362,000 --
Sauri Michael $260,000 --
Makonnen Elene $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conrad David $343,900
Previous Owner Petrusek Marissa L $211,000
Previous Owner Petrusek Marissa L $224,000
Previous Owner Sauri Michael $280,000
Previous Owner Sauri Michael $208,000
Previous Owner Makonnen Elene $90,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2022 04/19/22 Sold $362,000 +3.4% $474 / Sq Ft
03/29/2022 03/29/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $350,000 -- $458 / 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 $2,885 $354,550 $106,360 $248,190
2023 $3,012 $369,020 $110,710 $258,310
2022 $2,935 $359,080 $107,720 $251,360
2021 $2,890 $353,300 $105,990 $247,310
2020 $2,846 $334,800 $100,440 $234,360
2019 $2,777 $326,690 $98,010 $228,680
2018 $2,906 $341,920 $0 $0
2017 $2,846 $334,780 $0 $0
2016 $2,700 $317,640 $0 $0
2015 $2,751 $323,620 $0 $0
2014 -- $309,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2040990

Bright MLS

APN: 1857-2425