NOT LISTED FOR SALE

Estimated Value: $545,632 - $580,000

1 Bed
1 Bath
940 Sq Ft
$1,021/mo HOA Fee

Last Sold November 02, 2022

Last sale price $585,000 $622 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,323/month

7 Days on Market

Highlights

  • Concierge
  • 3-minute walk to Gallery Place-Chinatown
  • Eat-In Gourmet Kitchen
  • Thomson Elementary School Rated A-
  • Fitness Center
  • Open Floorplan

About This Home

As of November 2022

NEW LISTING! Welcome to this spectacular, pet-friendly home in the heart of Penn Quarter. Beautiful floor-to-ceiling windows boast stunning westerly views, and perfectly frame the sparkling sunset skies and dazzling Washington, DC skyline beyond. From the moment you enter this home, you know it's special. A generous foyer welcomes you with an over-sized closet and leads to the wide open floor-plan with warm hardwood floors, soaring ceilings, and designer touches everywhere. The spacious, granite and stainless steel kitchen features a gas cook-top, wall oven, long breakfast bar, and is open to the living area making it ideal for entertaining. Cocktail parties and fabulous dinner parties await! A dramatic hallway leads to a gorgeous bathroom, and the sumptuous primary bedroom with walk-in-closet. The Residences at Terrell Place is a boutique 29-unit building featuring an elegant lobby, weekday concierge, fitness room, and rental parking in the underground garage. Unit 620 is also incredibly private, with only two other units sharing the 6th floor. The location of this fine home simply can't be beat. Within steps you will find a multitude of award-winning restaurants, coffee shops, museums, CityCenter shopping, the Capitol One Arena, the National Mall and more! Hail an Uber and you can be anywhere in the city within minutes from this central location. Terrell Place is city-living at its finest. Views, privacy and sophistication make this spacious, yet incredibly cozy home a smart choice for today's urban home-buyer. A storage unit conveys, and pets are welcome!

Last Agent to Sell the Property

Kelly Virbickas

(202) 549-4447 kelly@kellyvrealestate.com Compass License #0225105771 Listed on: 09/30/2022

Compass

Last Buyer's Agent

James Kim

(202) 798-1781 info@jamesydc.com Corcoran McEnearney License #0225256356

Corcoran McEnearney

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,696

Year Built

  • Built in 2003

Lot Details

  • 261

HOA Fees

  • $1,021 Monthly HOA Fees

Parking

  • On-Site Parking for Rent

Home Design

  • Contemporary Architecture
  • Entry on the 6th floor

Interior Spaces

  • 940 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Eat-In Gourmet Kitchen
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Doors swing in
  • No Interior Steps

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0456//2054

Community Details

Overview

  • Association fees include custodial services maintenance, exterior building maintenance, gas, insurance, management, reserve funds, sewer, snow removal, water, trash, common area maintenance
  • Mid-Rise Condominium
  • Terrell Place Condos
  • Terrell Place Community
  • Penn Quarter Subdivision
  • Property Manager

Amenities

  • Concierge

Recreation

  • Fitness Center

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,696

Year Built

Built in 2003

Lot Details

0

HOA Fees

$1,021 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Doors - Swing In, No Stairs
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Washer, Cooktop
  • Entry Floor: 6
  • Flooring Type: Hardwood
  • Interior Amenities: Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Eat-In, Recessed Lighting, Walk-In Closet(s), Window Treatments, Wood Floors, Dining Area, Combination Dining/Living, Ceiling Fan(s)
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 940
  • Living Area Sq Ft: 940
  • Price Per Sq Ft: 638.19
  • Above Grade Finished Sq Ft: 940
  • 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
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: On-Site - Rent

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 1021.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Terrell Place
  • HOA Condo Co-Op Amenities: Concierge, Fitness Center
  • HOA Condo Co-Op Fee Includes: Custodial Services Maintenance, Ext Bldg Maint, Gas, Insurance, Management, Reserve Funds, Sewer, Snow Removal, Water, Trash, Common Area Maintenance
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Soil Types: Urban Land-Sassafras-Chillum
  • Zoning: D-6-R
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 16137403
  • Tax Annual Amount: 4696.00
  • Assessor Parcel Number: 0456//2054
  • Tax Year: 2021

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2022
Closed on
Nov 2, 2022
Sold by
Winter Eleanor E and Winter Daniel J
Bought by
Mckay Kenneth K and Mckay Mary
Seller's Agent
Kelly Virbickas
Compass
Buyer's Agent
James Kim
Corcoran McEnearney
List Price
$599,900
Sold Price
$585,000
Premium/Discount to List
-$14,900
-2.48%
Views
2
Current Estimated Value
$560,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,092
Avg. Annual Appreciation
-1.30%

Purchase Details

Closed on
Feb 24, 2006
Sold by
Gelman Alex Y
Bought by
Backo Daniel J and Winter Eleanor E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,400
Interest Rate
6.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2004
Sold by
675 E Street L L C
Bought by
Gelman Alex and Khodak Gelman Slava

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mckay Kenneth K $585,000 Old Republic National Title
Backo Daniel J $538,000 --
Gelman Alex $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Backo Daniel J $430,400
Previous Owner Gelman Alex $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2022 11/02/22 Sold $585,000 -2.5% $622 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
09/30/2022 09/30/22 For Sale $599,900 -- $638 / 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 $4,679 $566,080 $169,820 $396,260
2024 $4,658 $563,190 $168,960 $394,230
2023 $4,902 $591,380 $177,410 $413,970
2022 $4,641 $559,740 $167,920 $391,820
2021 $4,696 $565,800 $169,740 $396,060
2020 $4,809 $565,800 $169,740 $396,060
2019 $4,786 $563,010 $168,900 $394,110
2017 $4,958 $583,260 $0 $0
2016 $4,734 $556,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2069214

Bright MLS

APN: 0456-2054