NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit 1024 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $1,680,000 - $1,723,000

2 Beds
2.5 Baths
1,637 Sq Ft
$3,230/mo HOA Fee

Last Sold April 15, 2025

Last sale price $1,700,000 $1,038 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $13,657/month

20 Days on Market

Highlights

  • Concierge
  • 1-minute walk to Archives-Navy Memorial
  • Fitness Center
  • Thomson Elementary School Rated A-
  • Roof Top Pool
  • 24-Hour Security

About This Home

As of April 2025

Luxury Living with Iconic Views at Market Square!

This stunning 2-bedroom, 2.5-bathroom residence offers an exceptional blend of sophistication, comfort, and convenience in one of Washington, D.C.’s most prestigious locations. Perfectly positioned between the White House and the U.S. Capitol, this home provides unmatched access to the city’s finest dining, shopping, and cultural landmarks, all within a Walk Score of 99.

Unforgettable Views & Expansive Private Terrace

From your private terrace, enjoy breathtaking sunset views of the Washington Monument, National Archives, and city skyline. Whether hosting an intimate gathering or simply unwinding, this elegant outdoor retreat is a rare find in the heart of the city.

Refined Interiors – Thoughtfully Designed for Comfort & Style

Spanning over 1,600 sq. ft., this beautifully renovated home is designed for both relaxed living and effortless entertaining:

- Spacious open-concept, seamlessly connecting to the oversized terrace
- Two luxurious owner’s suites, each with custom walk-in closets and spa-like bathrooms
- High-end chef’s kitchen, premium appliances, and elegant top of the line finishes
- Floor to ceiling windows and doors provide amazing light and views from every room
- Stacked washer & dryer in unit for added convenience
- Grand entry with half bath and plenty of storage

Exclusive Amenities for a Truly Elevated Lifestyle - This full-service building offers everything you need for a refined and convenient city lifestyle:

- Rooftop pool with 360-degree panoramic views
- State-of-the-art fitness center
- 24-hour concierge and security services
- Private storage located across the hall from the unit
- Pet-friendly community (weight restrictions apply)
- A Prime Address in the Heart of D.C.
- On-site rental parking available in the secure underground garage

An ideal residence for those seeking luxury, privacy, and convenience in one of Washington’s most sought-after locations. This is a rare opportunity to own a truly exceptional home in one of D.C.’s most iconic buildings. Schedule your private showing today to experience the best of elevated city living.

Last Agent to Sell the Property

Michael Seay

Compass License #663592 Listed on: 02/21/2025

Compass

Last Buyer's Agent

Ryan Davila

Compass License #RS-0037018

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,522

Year Built

  • Built in 1991 | Remodeled in 2024

Lot Details

  • Downtown Location
  • Property is in excellent condition

HOA Fees

  • $3,230 Monthly HOA Fees

Parking

  • On-Site Parking for Rent

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,637 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Recessed Lighting
  • French Doors
  • Dining Area

Kitchen

  • Built-In Oven
  • Cooktop
  • Built-In Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Roof Top Pool
  • Rooftop Deck
  • Terrace

Utilities

  • Heat Pump System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 5129
  • Assessor Parcel Number 0408//5129

Community Details

Overview

  • Association fees include pool(s), reserve funds, management, trash, water, sewer, sauna, common area maintenance
  • High-Rise Condominium
  • The Residences At Market Place East Condos
  • Central Community
  • Market Square Subdivision

Amenities

  • Concierge
  • Doorman
  • Elevator

Recreation

Pet Policy

  • Dogs and Cats Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,522

Year Built

Built in 1991 | Remodeled in 2024

Lot Details

0

HOA Fees

$3,230 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Traditional
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1991
  • Year Renovated: 2024
  • Automatically Close On Close Date: No
  • Remarks Public: Luxury Living with Iconic Views at Market Square! This stunning 2-bedroom, 2.5-bathroom residence offers an exceptional blend of sophistication, comfort, and convenience in one of Washington, D.C.’s most prestigious locations. Perfectly positioned between the White House and the U.S. Capitol, this home provides unmatched access to the city’s finest dining, shopping, and cultural landmarks, all within a Walk Score of 99. Unforgettable Views & Expansive Private Terrace From your private terrace, enjoy breathtaking sunset views of the Washington Monument, National Archives, and city skyline. Whether hosting an intimate gathering or simply unwinding, this elegant outdoor retreat is a rare find in the heart of the city. Refined Interiors – Thoughtfully Designed for Comfort & Style Spanning over 1,600 sq. ft., this beautifully renovated home is designed for both relaxed living and effortless entertaining: - Spacious open-concept, seamlessly connecting to the oversized terrace - Two luxurious owner’s suites, each with custom walk-in closets and spa-like bathrooms - High-end chef’s kitchen, premium appliances, and elegant top of the line finishes - Floor to ceiling windows and doors provide amazing light and views from every room - Stacked washer & dryer in unit for added convenience - Grand entry with half bath and plenty of storage Exclusive Amenities for a Truly Elevated Lifestyle - This full-service building offers everything you need for a refined and convenient city lifestyle: - Rooftop pool with 360-degree panoramic views - State-of-the-art fitness center - 24-hour concierge and security services - Private storage located across the hall from the unit - Pet-friendly community (weight restrictions apply) - A Prime Address in the Heart of D.C. - On-site rental parking available in the secure underground garage An ideal residence for those seeking luxury, privacy, and convenience in one of Washington’s most sought-after locations. This is a rare opportunity to own a truly exceptional home in one of D.C.’s most iconic buildings. Schedule your private showing today to experience the best of elevated city living.
  • Washer Dryer Hookups YN: Yes
  • Special Features: 4098
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Icemaker, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer, Cooktop
  • Entry Floor: 10
  • Interior Amenities: Bathroom - Walk-In Shower, Built-Ins, Carpet, Dining Area, Elevator, Entry Level Bedroom, Floor Plan - Open, Pantry, Primary Bath(s), Recessed Lighting, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Door Features: French
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1637
  • Living Area Sq Ft: 1637
  • Price Per Sq Ft: 1099.57
  • Above Grade Finished Sq Ft: 1637
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 701

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Exterior Features: Roof Deck
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Desk In Lobby, Doorman, Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3230.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Residences at Market Place East
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Extra Storage, Pool - Rooftop, Security
  • HOA Condo Co-Op Fee Includes: Pool(s), Reserve Funds, Management, Trash, Water, Sewer, Sauna, Common Area Maintenance
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Rooftop

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Outdoor Living Structures: Balcony, Terrace
  • Property Condition: Excellent
  • Soil Types: Unknown
  • Year Assessed: 2024
  • Zoning: UNKNOWN
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 11522.00
  • Assessor Parcel Number: 0408//5129
  • Tax Lot: 5129
  • Tax Total Finished Sq Ft: 1499
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 04/15/2025

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2025
Closed on
Apr 9, 2025
Sold by
Christensen Peter and Christensen Toby
Bought by
Mcdowell Charles F
Seller's Agent
Michael Seay
Compass
Buyer's Agent
Ryan Davila
Compass
List Price
$1,800,000
Sold Price
$1,700,000
Premium/Discount to List
-$100,000
-5.56%
Views
12
Current Estimated Value
$1,714,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,063
Avg. Annual Appreciation
-0.27%
Original Mortgage
$1,360,000
Outstanding Balance
$1,360,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$338,734

Purchase Details

Closed on
Dec 16, 2022
Sold by
Harshaw Sherry L
Bought by
Christensen Peter and Christensen Toby

Purchase Details

Closed on
Jan 5, 1995
Sold by
Avenue Assoc Lp
Bought by
Carty John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
9.23%
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
Mcdowell Charles F $1,700,000 Kvs Title
Christensen Peter $1,250,000 First American Title
Carty John R $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdowell Charles F $1,360,000
Previous Owner Carty John R $380,000
Closed Carty John R $47,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Sold $1,700,000 -5.6% $1,038 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
02/21/2025 02/21/25 For Sale $1,800,000 -- $1,100 / 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 $11,522 $1,370,740 $411,220 $959,520
2023 $11,493 $1,366,850 $410,050 $956,800
2022 $11,298 $1,342,960 $402,890 $940,070
2021 $11,539 $1,370,850 $411,250 $959,600
2020 $11,281 $1,327,200 $398,160 $929,040
2019 $3,079 $1,321,070 $396,320 $924,750
2018 $11,218 $1,319,800 $0 $0
2017 $10,414 $1,225,200 $0 $0
2016 $10,016 $1,178,380 $0 $0
2015 $10,102 $1,188,420 $0 $0
2014 $9,346 $1,099,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Michael Seay

    Compass

  • R

    Buyer's Agent in 2025

    Ryan Davila

    Compass

See All Agents

About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: DCDC2185886

Bright MLS

APN: 0408-5129

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit 1024, Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit 1024, Washington, DC 20004 since 21 February 2025 and is currently estimated at $1,698,734, approximately $1,037 per square foot. This property was built in 1991. 701 Pennsylvania Ave NW Unit 1024 is a home located in District of Columbia with nearby schools including Thomson Elementary School, Cardozo Education Campus, and BASIS DC.

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