NOT LISTED FOR SALE

5517 Potomac Ave NW Washington, DC 20016

Palisades Neighborhood

Estimated Value: $3,390,020 - $4,004,000

4 Beds
4.5 Baths
4,975 Sq Ft
$737/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $3,200,000 $643 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $21,573/month

6 Days on Market

Highlights

  • Second Kitchen
  • Water Oriented
  • Waterfront
  • Key Elementary School Rated A
  • Gourmet Kitchen
  • 3-minute walk to Carolina Park

About This Home

As of May 2021

WELCOME HOME to this spectacular waterfront property on one of Washington’s most sought after streets. Perched high on the bluffs of the Potomac River, this unique luxury home offers year round panoramic views and sunsets. At nearly 5,000 square feet and fully renovated this house will blur the lines between being at home or on a luxury vacation. An entertainers delight, this showpiece offers a dramatic open floor plan with tray ceilings, a large professional Chef’s kitchen, an oversized front porch, custom stone fireplace, a butlers pantry, a large rear wraparound deck and patio. The master suite offers a custom fire place, dual walk-in closets, a jetted tub, heated floors/towel racks, a luxurious multi head shower and sweeping views that make it hard to get out of bed. The lower level offers the perfect in-law/au pair suite, with a kitchenette, and a private entrance. The third floor provides unmatched Potomac River views, a large family room, and an office that will have you the envy of your work from home colleagues. Other amenities include a private backyard with hot tub and an oversized 2 car garage. With Capital Crescent Trail and Tow path at your door step, it's easy to take advantage of multiple outdoor activities and have access to Georgetown/ Bethesda without getting into a car. Easy walking distance to restaurants, shops, and Palisades Park. Centrally located with easy access to downtown DC , MD and VA. Don’t miss this once in a lifetime opportunity!

Last Agent to Sell the Property

Jay Caputo

Pearson Smith Realty, LLC Listed on: 04/08/2021

Pearson Smith Realty, LLC

Last Buyer's Agent

Jay Caputo

Pearson Smith Realty, LLC Listed on: 04/08/2021

Pearson Smith Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,435

Year Built

  • Built in 1927

Lot Details

  • 5,750 Sq Ft Lot
  • Waterfront
  • Wood Fence
  • Property is zoned R1B

Parking

  • 2 Car Detached Garage
  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Off-Street Parking

Home Design

  • Craftsman Architecture
  • Architectural Shingle Roof
  • Stucco

Interior Spaces

  • Property has 4 Levels
  • Open Floorplan
  • 2 Fireplaces
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Wood Flooring
  • Finished Basement
  • Walk-Up Access
  • Attic

Kitchen

  • Gourmet Kitchen
  • Second Kitchen
  • Upgraded Countertops

Bedrooms and Bathrooms

  • Whirlpool Bathtub

Outdoor Features

  • Water Oriented
  • River Nearby
  • Shed

Utilities

  • Multiple cooling system units
  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Palisades Subdivision

Listing and Financial Details

  • Tax Lot 99
  • Assessor Parcel Number 1449//0099

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,435

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Craftsman
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Expected On Market: 2021-04-08
  • Year Built: 1927
  • Automatically Close On Close Date: Yes
  • Remarks Public: WELCOME HOME to this spectacular waterfront property on one of Washington’s most sought after streets. Perched high on the bluffs of the Potomac River, this unique luxury home offers year round panoramic views and sunsets. At nearly 5,000 square feet and fully renovated this house will blur the lines between being at home or on a luxury vacation. An entertainers delight, this showpiece offers a dramatic open floor plan with tray ceilings, a large professional Chef’s kitchen, an oversized front porch, custom stone fireplace, a butlers pantry, a large rear wraparound deck and patio. The master suite offers a custom fire place, dual walk-in closets, a jetted tub, heated floors/towel racks, a luxurious multi head shower and sweeping views that make it hard to get out of bed. The lower level offers the perfect in-law/au pair suite, with a kitchenette, and a private entrance. The third floor provides unmatched Potomac River views, a large family room, and an office that will have you the envy of your work from home colleagues. Other amenities include a private backyard with hot tub and an oversized 2 car garage. With Capital Crescent Trail and Tow path at your door step, it's easy to take advantage of multiple outdoor activities and have access to Georgetown/ Bethesda without getting into a car. Easy walking distance to restaurants, shops, and Palisades Park. Centrally located with easy access to downtown DC , MD and VA. Don’t miss this once in a lifetime opportunity!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Attic, 2nd Kitchen, Floor Plan - Open, Kitchen - Gourmet, Upgraded Countertops, Whirlpool/Hottub, Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Levels Count: 4
  • Room List: Living Room, Dining Room, Kitchen, Family Room, Office
  • Basement: Yes
  • Basement Type: Fully Finished, Walkout Stairs
  • Basement Finished Percent: 100.00
  • Basement Footprint Percent: 50.00
  • Total Sq Ft: 5472
  • Living Area Sq Ft: 4975
  • Price Per Sq Ft: 770.12
  • Above Grade Finished Sq Ft: 4220
  • Below Grade Finished Sq Ft: 755
  • Below Grade Sq Ft: 497
  • Total Below Grade Sq Ft: 1252
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5517

Beds/Baths

  • Bedrooms: 4
  • All Lower Level Bedrooms: 1
  • Lower Level Bedroom: 1
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Upper Level 2 Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Garage(s), Shed
  • Construction Materials: Stucco
  • Roof: Architectural Shingle
  • Water Access: No
  • Water Body Name: Potomac River
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Multi Units
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Wood
  • Improvement Assessed Value: 1020500.00
  • Land Assessed Value: 1026030.00
  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5750.00
  • Soil Types: Unknown
  • Year Assessed: 2020
  • Zoning: R1B
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16009685
  • Tax Annual Amount: 16435.00
  • Assessor Parcel Number: 1449//0099
  • Tax Lot: 99
  • Tax Total Finished Sq Ft: 3720
  • Tax Year: 2020
  • Close Date: 05/14/2021

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 21, 2021
Sold by
Degarmo Christopher R and Degarmo Janice L
Bought by
Miller William C
Seller's Agent
Jay Caputo
Pearson Smith Realty, LLC
Buyer's Agent
Jay Caputo
Pearson Smith Realty, LLC
List Price
$3,249,900
Sold Price
$3,200,000
Premium/Discount to List
-$49,900
-1.54%
Current Estimated Value
$3,629,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,093
Avg. Annual Appreciation
3.68%
Original Mortgage
$2,560,000
Outstanding Balance
$2,349,363
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,382,491

Purchase Details

Closed on
Feb 23, 2000
Sold by
Kosakowski Kit R
Bought by
Severy Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
8.15%
Source: Public Records

Range of Values:

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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
Miller William C $3,200,000 Attorney
Severy Karen L $599,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller William C $2,560,000
Previous Owner Degarmo Christopher R $350,000
Previous Owner Gaull Erik S $350,000
Previous Owner Gaull Erik S $630,000
Previous Owner Severy Karen L $305,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $3,200,000 -1.5% $643 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $3,249,900 0.0% $653 / Sq Ft
03/29/2021 03/29/21 Price Changed $3,249,900 +71.0% $653 / Sq Ft
07/17/2012 07/17/12 Sold $1,900,000 -9.5% $507 / Sq Ft
06/17/2012 06/17/12 Pending -- -- --
02/17/2012 02/17/12 For Sale $2,100,000 -- $560 / 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 $20,430 $3,279,880 $1,141,350 $2,138,530
2023 $18,597 $3,188,780 $1,096,320 $2,092,460
2022 $16,951 $2,072,940 $1,031,120 $1,041,820
2021 $16,747 $2,046,530 $1,026,030 $1,020,500
2020 $16,435 $2,009,270 $998,780 $1,010,490
2019 $16,190 $1,979,520 $971,360 $1,008,160
2018 $15,942 $1,948,900 $0 $0
2017 $15,444 $1,889,340 $0 $0
2016 $14,935 $1,828,740 $0 $0
2015 $14,985 $1,834,350 $0 $0
2014 $14,292 $1,751,630 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jay Caputo

    Seller's Agent in 2021

    Jay Caputo

    Pearson Smith Realty, LLC

    (703) 340-7996

    4 in this area

    95 Total Sales

    Section Image
  • Stephanie Smith

    Seller's Agent in 2012

    Stephanie Smith

    Select Premium Properties, Inc

    (910) 518-9280

    1,045 Total Sales

    Section Image

  • N

    Buyer's Agent in 2012

    Non Member Member

    Metropolitan Regional Information Systems

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Map

Source: Bright MLS

MLS Number: DCDC512914

Bright MLS

APN: 1449-0099

District of Columbia District of Columbia County Washington 20016 Palisades

5517 Potomac Ave NW, Washington, DC

This home is located at 5517 Potomac Ave NW, Washington, DC 20016 since 08 April 2021 and is currently estimated at $3,666,255, approximately $736 per square foot. This property was built in 1927. 5517 Potomac Ave NW is a home located in District of Columbia with nearby schools including Key Elementary School, Hardy Middle School, and Jackson Reed High School.

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