NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit 1122 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $474,000 - $548,000

1 Bed
1 Bath
740 Sq Ft
1991 Built

Last Sold November 21, 2017

Last sale price $520,000 $703 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,155/month

Highlights

  • Concierge
  • 1-minute walk to Archives-Navy Memorial
  • Open Floorplan
  • Thomson Elementary School Rated A-
  • Fitness Center
  • Traditional Architecture

About This Home

As of November 2021

Welcome to the Heart of Washington! This is the best of city living. This stunning and luxurious 1 bedroom 1 bath condo at the Residences at Market Square offers sweeping 11th floor city views from your private balcony overlooking the navy memorial, and the national archives building. The floorplan is open and flexible, with plenty of space for living, dining, and entertaining. Featuring floor to ceiling windows drenching the unit in sunlight, beautiful crown molding, gleaming hardwood floors throughout and built-in bookshelves perfect for displaying all your treasures. The gourmet kitchen boasts gorgeous cabinetry providing plenty of storage, granite countertops, stainless steel appliances, large French door fridge, dishwasher and built in microwave. The large primary bedroom offers plenty of space to relax and recharge with a large closet with tons of storage. The unit also features a perfectly appointed bathroom in pristine condition. The Residences at Market Square offer a rooftop pool with 360 degree view of the Capital, the mall, the monuments and much of downtown DC, as well as a fitness center. Pet friendly, 24 hour concierge and rental parking available if needed. Centrally located near the Navy Memorial-Penn Quarter Metro and is minutes from the Capitol and award winning DC restaurants, shopping, and museums.

Last Agent to Rent the Property

Barak Sky

Long & Foster Real Estate, Inc. License #SP600552 Listed on: 08/20/2021

Long & Foster Real Estate, Inc.

Last Renter's Agent

Alexandra Peterson

NHT Real Estate LLC License #SP200203384

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,310

Year Built

  • Built in 1991

Parking

  • Assigned Subterranean Space
  • Rented or Permit Required

Home Design

  • Traditional Architecture

Interior Spaces

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

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,900
  • Tenant pays for electricity
  • Rent includes cable TV, water, hoa/condo fee, air conditioning, heat
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 8/20/21
  • Assessor Parcel Number 0408//5155

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, snow removal, trash, water
  • High-Rise Condominium
  • Central Community
  • Central Subdivision

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Additional Features

  • Concierge
  • Security Service

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,310

Year Built

Built in 1991

Lot Details

0

Parking

1

Rental Info

  • Date Available: 2021-08-20
  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Rent Includes: Cable Tv, Water, Hoa/Condo Fee, Air Conditioning, Heat
  • Security Deposit: 2900.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Electricity
  • Vacation Rental: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: 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
  • Remarks Public: Welcome to the Heart of Washington! This is the best of city living. This stunning and luxurious 1 bedroom 1 bath condo at the Residences at Market Square offers sweeping 11th floor city views from your private balcony overlooking the navy memorial, and the national archives building. The floorplan is open and flexible, with plenty of space for living, dining, and entertaining. Featuring floor to ceiling windows drenching the unit in sunlight, beautiful crown molding, gleaming hardwood floors throughout and built-in bookshelves perfect for displaying all your treasures. The gourmet kitchen boasts gorgeous cabinetry providing plenty of storage, granite countertops, stainless steel appliances, large French door fridge, dishwasher and built in microwave. The large primary bedroom offers plenty of space to relax and recharge with a large closet with tons of storage. The unit also features a perfectly appointed bathroom in pristine condition. The Residences at Market Square offer a rooftop pool with 360 degree view of the Capital, the mall, the monuments and much of downtown DC, as well as a fitness center. Pet friendly, 24 hour concierge and rental parking available if needed. Centrally located near the Navy Memorial-Penn Quarter Metro and is minutes from the Capitol and award winning DC restaurants, shopping, and museums.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Disposal, Microwave, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 11
  • Interior Amenities: Combination Dining/Living, Floor Plan - Open, Wood Floors
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 740
  • Living Area Sq Ft: 740
  • Price Per Sq Ft: 3.92
  • Above Grade Finished Sq Ft: 740
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 701

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: Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: No
  • Parking Features: On-Site - Rent, Rented/Permit Required
  • Garage Features: Underground
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

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

  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Snow Removal, Trash, Water
  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Square Feet
  • Lot Sq Ft: 131.00
  • Zoning: D-6-R

Tax Info

  • Assessor Parcel Number: 16135442
  • Assessor Parcel Number: 0408//5155
  • Tax Total Finished Sq Ft: 633
  • Tax Data Updated: No
  • Close Date: 11/01/2021

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2017
Closed on
Nov 20, 2017
Sold by
Boothby Duncan
Bought by
Georgakopoulos Ioannis P and Georgakopoulos Garifallia
Seller's Agent
Judi Seiden
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
James Zelaska
Smith & Schnider LLC
List Price
$549,999
Sold Price
$520,000
Premium/Discount to List
-$29,999
-5.45%
Current Estimated Value
$510,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,288
Avg. Annual Appreciation
-0.26%
Original Mortgage
$416,000
Outstanding Balance
$354,045
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$155,524

Purchase Details

Closed on
Apr 22, 2011
Sold by
Brenner Mark J
Bought by
Boothby Duncan

Purchase Details

Closed on
May 13, 2005
Sold by
Brenner Mark J
Bought by
Stroehmann Harold J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.95%
Mortgage Type
New Conventional
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
Georgakopoulos Ioannis P $520,000 None Available
Boothby Duncan $399,999 --
Stroehmann Harold J $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Georgakopoulos Ioannis P $416,000
Previous Owner Brenner Mark J $276,000
Previous Owner Stroehmann Harold J $359,650
Previous Owner Brenner Mark J $90,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2021 11/01/21 Rented $2,900 0.0% --
10/27/2021 10/27/21 Under Contract -- -- --
08/20/2021 08/20/21 For Rent $2,900 +4.5% --
05/23/2020 05/23/20 Rented $2,775 -5.9% --
05/18/2020 05/18/20 For Rent $2,950 0.0% --
11/21/2017 11/21/17 Sold $520,000 -0.9% $821 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
10/12/2017 10/12/17 Price Changed $524,800 -4.6% $829 / Sq Ft
07/28/2017 07/28/17 For Sale $549,999 0.0% $869 / Sq Ft
07/01/2016 07/01/16 Rented $2,800 -6.7% --
06/10/2016 06/10/16 Under Contract -- -- --
03/10/2016 03/10/16 For Rent $3,000 -- --
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 $4,310 $522,190 $156,660 $365,530
2023 $4,581 $553,700 $166,110 $387,590
2022 $4,660 $561,970 $168,590 $393,380
2021 $4,682 $564,170 $169,250 $394,920
2020 $4,780 $562,380 $168,710 $393,670
2019 $4,790 $563,470 $169,040 $394,430
2018 $4,472 $562,820 $0 $0
2017 $3,974 $539,980 $0 $0
2016 $3,679 $504,470 $0 $0
2015 $3,380 $469,100 $0 $0
2014 $3,180 $444,260 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Barak Sky

    Landlord's Agent in 2021

    Barak Sky

    Long & Foster

    (301) 742-5759

    5 in this area

    817 Total Sales

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  • Alexandra Peterson

    Tenant's Agent in 2021

    Alexandra Peterson

    NHT Real Estate LLC

    (443) 603-5987

    25 Total Sales

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  • Nikos Nicholas

    Seller's Agent in 2020

    Nikos Nicholas

    Keller Williams Realty

    (202) 445-6264

    1 in this area

    12 Total Sales

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  • N

    Buyer's Agent in 2020

    Nicky Kapadia

    Capitol Real Estate

    Section Image
  • Judi Seiden

    Seller's Agent in 2017

    Judi Seiden

    BHHS PenFed (actual)

    (202) 546-3736

    33 in this area

    81 Total Sales

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  • James Zelaska

    Buyer's Agent in 2017

    James Zelaska

    Smith & Schnider LLC

    (703) 732-7391

    18 Total Sales

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See All Agents

About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: DCDC2009472

Bright MLS

APN: 0408-5155

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit 1122, Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit 1122, Washington, DC 20004 since 20 August 2021 and is currently priced at $506,570. This property was built in 1991. 701 Pennsylvania Ave NW Unit 1122 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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