5545 Potomac Ave NW Washington, DC 20016
Palisades Neighborhood
5
Beds
5.5
Baths
7,261
Sq Ft
0.27
Acres
Highlights
- Gourmet Kitchen
- River View
- Colonial Architecture
- Key Elementary School Rated A
- 0.27 Acre Lot
- 2-minute walk to Carolina Park
About This Home
As of October 2024For the first time in decades you have the chance to make 5545 Potomac Avenue your forever home. This majestic home sits prominently on a large (.27 acre) corner lot with a beautifully landscaped yard, boasts striking river views, and has a two-story addition that gives you plenty of space to enjoy life. From the moment you step inside, you’ll appreciate the graciousness and elegance of the large living room with double-hung windows on three sides and ample room to create multiple seating areas, as well as the spacious dining room that is the perfect combination of comfort and formality. There is an additional sitting/reading room or home office, ample natural light and direct garden access. And the garden! It’s spectacular and so private with mature plantings that give you year-round privacy.
The added kitchen/family room addition is where you’ll really want to be. The kitchen is set up to accommodate families, large or small-scale entertaining and it offers abundant counter and storage space. There are high ceilings, oversized windows and built-in cabinetry plus a butler’s pantry with additional counter and storage space. The nearby laundry room and powder room complete this level.
The upper level has a lovely primary bedroom suite with en-suite bathroom, walk-in closet and ample shelves for the avid reader or collector. And windows where you’ll wake to spectacular river views…the perfect start to any day. In addition, there are three additional bedrooms and two additional baths.
The third level has the ideal escape room with an open TV/play area, a quiet and private guest room (or home office) and a full bath. The lower level has room to enjoy a good movie, hang out with friends or take up a new hobby. There is a full bath, lots of storage and a separate entrance.
The Palisades location is superb – minutes to Georgetown and downtown DC, easy access to 495, Virginia, Maryland and beyond. Take your pick of areas to shop and enjoy dining out at some delightful nearby popular restaurants – Claudio’s Table, Bistro Aracosia, Et Voila, Black Salt and Lupo Verde Osteria to name a few. The Palisades community with the annual July 4th Parade, the farmer’s market and the local Recreation Community is known for its small town feel in the city. For the outdoor enthusiast, Palisades also offers easy access to the Capital Crescent Trail, the C&O Canal, Palisades Park and Battery Kemble Park. Owning a home like 5545 Potomac Avenue is a once in a generation opportunity. It’s not just a home, it’s a lifetime of happy memories.
Last Agent to Sell the Property
Washington Fine Properties, LLC License #508402 Listed on: 05/11/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $23,479
Year Built
- Built in 1929
Lot Details
- 0.27 Acre Lot
- Property is zoned R1B
Parking
- 2 Car Attached Garage
- Side Facing Garage
Property Views
- River
- Woods
- Garden
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Slate Roof
Interior Spaces
- Property has 4 Levels
- 1 Fireplace
- Window Treatments
- Window Screens
- Family Room Off Kitchen
- Living Room
- Dining Room
- Den
- Sun or Florida Room
- Wood Flooring
- Finished Basement
- Side Basement Entry
- Storm Windows
- Laundry on main level
- Attic
Kitchen
- Gourmet Kitchen
- Gas Oven or Range
- Six Burner Stove
- Range Hood
- Built-In Microwave
- Ice Maker
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- Walk-In Closet
- Maid or Guest Quarters
Schools
- Key Elementary School
Utilities
- Central Air
- Radiator
- Vented Exhaust Fan
- Electric Water Heater
Community Details
- No Home Owners Association
- Palisades Subdivision
Listing and Financial Details
- Tax Lot 102
- Assessor Parcel Number 1449//0102
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 11, 2024
Closed on
Oct 4, 2024
Sold by
Alagia Damian Paul and Halaby Alexa
Bought by
Connor Colette Tyrrell
Seller's Agent
Jennifer Wellde
Washington Fine Properties, LLC
Buyer's Agent
Nate Guggenheim
Washington Fine Properties, LLC
List Price
$4,760,000
Sold Price
$4,500,000
Premium/Discount to List
-$260,000
-5.46%
Views
74
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
-$58,796
Avg. Annual Appreciation
-1.72%
Original Mortgage
$4,049,550
Outstanding Balance
$4,026,635
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$414,569
Purchase Details
Closed on
Sep 22, 2014
Sold by
Ross Stuart P
Bought by
Ross Trustee Stuart P and The Stuart P Ross Revocable T
Purchase Details
Closed on
Nov 4, 1996
Sold by
Vivien + Jacques C
Bought by
Alagia Damian P and Alagia Alexa H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.07%
Mortgage Type
New Conventional
Similar Homes in Washington, DC
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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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $4,500,000 | None Listed On Document | |
| Gift Deed | -- | -- | |
| Deed | $650,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,049,550 | New Conventional | |
| Previous Owner | $990,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $51,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $400,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/15/2024 10/15/24 | Sold | $4,500,000 | -5.5% | $620 / Sq Ft |
| 07/16/2024 07/16/24 | Pending | -- | -- | -- |
| 05/11/2024 05/11/24 | For Sale | $4,760,000 | -- | $656 / 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 |
|---|---|---|---|---|
| 2024 | $24,327 | $2,949,060 | $1,567,440 | $1,381,620 |
| 2023 | $23,479 | $2,846,250 | $1,505,570 | $1,340,680 |
| 2022 | $22,529 | $2,729,220 | $1,405,470 | $1,323,750 |
| 2021 | $22,131 | $2,680,030 | $1,398,540 | $1,281,490 |
| 2020 | $21,579 | $2,614,380 | $1,370,810 | $1,243,570 |
| 2019 | $20,906 | $2,534,330 | $1,320,660 | $1,213,670 |
| 2018 | $20,735 | $2,512,800 | $0 | $0 |
| 2017 | $19,565 | $2,374,200 | $0 | $0 |
| 2016 | $18,671 | $2,268,300 | $0 | $0 |
| 2015 | $18,629 | $2,263,030 | $0 | $0 |
| 2014 | $18,154 | $2,205,970 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Wellde
Seller's Agent in 2024
Jennifer Wellde
Washington Fine Properties, LLC
(301) 602-1596
7 in this area
106 Total Sales
-
Nate Guggenheim
Buyer's Agent in 2024
Nate Guggenheim
Washington Fine Properties
(202) 333-5905
6 in this area
487 Total Sales
Map
Source: Bright MLS
MLS Number: DCDC2141398
APN: 1449-0102
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