NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit 1016 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $396,915 - $409,000

1 Bed
1 Bath
490 Sq Ft
1991 Built

Last Sold June 01, 2019

Last sale price $372,000 $759 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,362/month

Highlights

  • Concierge
  • 1-minute walk to Archives-Navy Memorial
  • Penthouse
  • Thomson Elementary School Rated A-
  • Fitness Center
  • Gourmet Kitchen

About This Home

As of December 2021

LOCATION - LOCATION - LOCATION! Stylish and affordable condo in the sought after Penn Quarter area! This 1 bed, 1 bath condo is located in the prestigious Residences at Market Square, just steps away from the Archives-Navy Memorial-Penn Quarter Metro Station, and right behind the Navy Memorial.This beautiful unit has an efficient layout with fresh paint, hardwood floors, newer stainless steel appliances and a washer and dryer in the unit. Enjoy outdoor meals on the HUGE Venetian style balcony with amazing views of the downtown Penn Quarter/Capital area. Fantastic amenities include a 24-hour concierge, gym with locker rooms and saunas (located on the same 10th floor) and a rooftop deck and pool. Pet-friendly building up to 25 lbs - $500 Pet Deposit is non-refundable. Enjoy all that Washington DC has to offer! Close to dining, museums, malls and many historical attractions. 701's Entrance is on D STREET NW between 7th & 8th Streets NW - under the blue canopy. The $500 "Other Fee" is for the loading dock and is refundable barring any damages to the loading dock during move-in.

Last Agent to Rent the Property

Josh Dukes

(703) 867-0939 joshdukesrealestate@gmail.com KW Metro Center Listed on: 08/03/2021

KW Metro Center

Co-Listed By

Haywood Barney

(703) 864-3609 haywood@orangesells.com Compass

Last Renter's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1991

Parking

  • On-Street Parking

Home Design

  • Penthouse
  • Traditional Architecture
  • Entry on the 10th floor
  • Brick Exterior Construction

Interior Spaces

  • 490 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Window Treatments
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Deck
  • Terrace
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,250
  • $300 Move-In Fee
  • Rent includes hoa/condo fee, sewer, trash removal, water
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 8/3/21
  • $50 Application Fee
  • Assessor Parcel Number 0408//5121

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area maintenance, exterior building maintenance, pool(s), sewer, snow removal, trash, water
  • $500 Other One-Time Fees
  • High-Rise Condominium
  • The Residences At Market Square Condos
  • Central Community
  • Penn Quarter Subdivision

Amenities

  • Concierge
  • Common Area
  • Sauna
  • Elevator

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis
  • Pet Size Limit
  • Pet Deposit $500

Security

  • Security Service

Condo Details

Home Type

Condominium

Year Built

Built in 1991

Lot Details

0

Rental Info

  • Date Available: 2021-08-03
  • Application Fee: 50.00
  • Pet Deposit: 500.00
  • Pets: Case By Case Basis, Size/Weight Restriction, Pet Addendum/Deposit
  • Pets Allowed: Yes
  • Rent Includes: Hoa/Condo Fee, Sewer, Trash Removal, Water
  • Security Deposit: 2250.00
  • Smoking Allowed Yn: No
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Move In Fee: 300.00
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Traditional
  • Accessibility Features: Elevator
  • New Construction: No
  • Story List: Main
  • Year Built: 1991
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Built-In Microwave, Refrigerator, Oven/Range - Electric, Stainless Steel Appliances, Washer, Dryer
  • Entry Floor: 10
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Combination Dining/Living, Elevator, Floor Plan - Open, Kitchen - Gourmet, Window Treatments, Wood Floors
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 490
  • Living Area Sq Ft: 490
  • Price Per Sq Ft: 4.03
  • Above Grade Finished Sq Ft: 490
  • 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: Brick, Concrete, Mixed
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • 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: The Residences at Market Square
  • HOA Condo Co-Op Amenities: Common Grounds, Concierge, Elevator, Exercise Room, Security, Pool - Outdoor, Sauna
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Pool(s), Sewer, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 500.00
  • Other Fees Frequency: One Time

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Units: Square Feet
  • Lot Sq Ft: 73.00
  • Outdoor Living Structures: Terrace, Deck(s)
  • Zoning: D-6-R

Tax Info

  • Assessor Parcel Number: 0408//5121
  • Tax Data Updated: No

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2020
Sold by
Georgakopoulos Marika
Bought by
Georgakopoulos Marika and Freni Archontia G
Current Estimated Value
$403,229

Purchase Details

Listed on
Jun 21, 2019
Closed on
May 29, 2019
Sold by
Puffer Shu-Chen
Bought by
Georgakopoulos Marika
Seller's Agent
Nikos Nicholas
Keller Williams Realty
Buyer's Agent
Nikos Nicholas
Keller Williams Realty
Sold Price
$2,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Georgakopoulos Marika -- None Available
Georgakopoulos Marika $372,000 Kvs Title Llc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2021 12/27/21 Rented $1,975 0.0% --
12/03/2021 12/03/21 Under Contract -- -- --
10/12/2021 10/12/21 Price Changed $1,975 -8.1% $4 / Sq Ft
10/01/2021 10/01/21 Price Changed $2,150 -4.4% $4 / Sq Ft
08/03/2021 08/03/21 For Rent $2,250 0.0% --
06/30/2019 06/30/19 Rented $2,250 0.0% --
06/25/2019 06/25/19 Under Contract -- -- --
06/21/2019 06/21/19 For Rent $2,250 0.0% --
06/01/2019 06/01/19 Sold $372,000 -2.1% $759 / Sq Ft View Prior Sale
05/17/2019 05/17/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $380,000 0.0% $776 / Sq Ft
04/17/2019 04/17/19 Pending -- -- --
04/11/2019 04/11/19 For Sale $380,000 -- $776 / 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 $2,888 $355,430 $106,630 $248,800
2024 $3,073 $376,750 $113,020 $263,730
2023 $3,339 $407,580 $122,270 $285,310
2022 $3,358 $408,880 $122,660 $286,220
2021 $3,359 $408,450 $122,530 $285,920
2020 $3,455 $406,440 $121,930 $284,510
2019 $1,436 $412,630 $123,790 $288,840
2018 $1,440 $412,130 $0 $0
2017 $1,371 $395,000 $0 $0
2016 $1,267 $369,830 $0 $0
2015 $2,946 $346,560 $0 $0
2014 $2,766 $325,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Josh Dukes

    Landlord's Agent in 2021

    Josh Dukes

    KW Metro Center

    (703) 867-0939

    2 in this area

    292 Total Sales

    Josh Dukes
    Section Image
  • Haywood Barney

    Landlord's Co-Listing Agent in 2021

    Haywood Barney

    Compass

    (703) 864-3609

    43 Total Sales

    Haywood Barney
    Section Image
  • Nikos Nicholas

    Seller's Agent in 2019

    Nikos Nicholas

    Keller Williams Realty

    (202) 445-6264

    1 in this area

    13 Total Sales

    Nikos Nicholas
    Section Image
  • Robert Jennings

    Seller's Agent in 2019

    Robert Jennings

    Compass

    (703) 998-0224

    109 Total Sales

    Robert Jennings
    Section Image
  • Lou Muscarella

    Seller Co-Listing Agent in 2019

    Lou Muscarella

    Compass

    (703) 405-3019

    52 Total Sales

    Lou Muscarella
    Section Image
See All Agents

About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: DCDC2007144

Bright MLS

APN: 0408-5121

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit 1016, Washington, DC

Not Listed for Sale

Condos

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