NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit 1202 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $395,000 - $408,000

1 Bed
1 Bath
514 Sq Ft
$870/mo HOA Fee

Last Sold November 18, 2022

Last sale price $385,000 $749 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,237/month

46 Days on Market

Highlights

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

About This Home

As of November 2022

Unit #1202 In The Residences at Market Square is a beautiful, fully remodeled unit has been re-imagined into an open floor plan highlighting whole unit southern Monument views via the floor to ceiling windows.
This stunning gut renovation includes new flooring, sparkling new kitchen with dishwasher, refrigerator drawers, oven and exotic kitchen granite counter/island, bathroom and laundry. This unit is being sold furnished. As you know, 701 Penn has a 24-hour front desk, concierge service, a fantastic roof deck pool and gym and underground parking ($225 per month). One storage unit comes with the unit.

Last Agent to Sell the Property

Michael Hines

EXP Realty, LLC Listed on: 09/07/2022

EXP Realty, LLC

Last Buyer's Agent

John Saab

Samson Properties

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,436

Year Built

  • Built in 1991

Lot Details

  • 87

HOA Fees

  • $870 Monthly HOA Fees

Parking

  • On-Site Parking for Rent

Interior Spaces

  • 514 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Bar
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Range
  • ENERGY STAR Qualified Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • ENERGY STAR Qualified Washer

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed

Listing and Financial Details

  • Tax Lot 5162
  • Assessor Parcel Number 0408//5162

Community Details

Overview

  • Association fees include cable TV, common area maintenance, exterior building maintenance, insurance, management, reserve funds, sewer, snow removal, trash, water
  • High-Rise Condominium
  • The Residences At Market Square East Condos, Phone Number (703) 783-4864
  • Central Community
  • Penn Quarter Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Elevator

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,436

Year Built

Built in 1991

Lot Details

0

HOA Fees

$870 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1991
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Unit #1202 In The Residences at Market Square is a beautiful, fully remodeled unit has been re-imagined into an open floor plan highlighting whole unit southern Monument views via the floor to ceiling windows. This stunning gut renovation includes new flooring, sparkling new kitchen with dishwasher, refrigerator drawers, oven and exotic kitchen granite counter/island, bathroom and laundry. This unit is being sold furnished. As you know, 701 Penn has a 24-hour front desk, concierge service, a fantastic roof deck pool and gym and underground parking ($225 per month). One storage unit comes with the unit.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Dishwasher, Energy Star Clothes Washer, Energy Star Dishwasher, Oven/Range - Electric, Refrigerator
  • Entry Floor: 12
  • Flooring Type: Hardwood
  • Interior Amenities: Bar, Breakfast Area, Elevator, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Wood Floors
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 514
  • Living Area Sq Ft: 514
  • Price Per Sq Ft: 778.02
  • Above Grade Finished Sq Ft: 514
  • 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: Combination
  • Roof: Unknown
  • Spa: No
  • 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: 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
  • Utilities: Electric Available
  • Water Source: Public
  • Internet Services: Fiber Optic, Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 869.53
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Residences at Market Square East
  • Condo Co-Op Phone: 703-783-4864
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Exercise Room, Concierge, Common Grounds, Elevator, Extra Storage, Fitness Center
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Outdoor Living Structures: Balcony
  • Soil Types: Urban Land Not Rated
  • Zoning: 999
  • In City Limits: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 16135448
  • Assessor Parcel Number: 0408//5162
  • Tax Lot: 5162
  • Tax Total Finished Sq Ft: 514
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 11/18/2022

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2022
Closed on
Nov 16, 2022
Sold by
Boone Michael
Bought by
Cordahi Gustave
Seller's Agent
Michael Hines
EXP Realty, LLC
Buyer's Agent
John Saab
Samson Properties
List Price
$399,900
Sold Price
$385,000
Premium/Discount to List
-$14,900
-3.73%
Views
7
Current Estimated Value
$395,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,259
Avg. Annual Appreciation
0.59%
Original Mortgage
$308,000
Outstanding Balance
$296,871
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$94,337

Purchase Details

Closed on
Mar 31, 2014
Sold by
Wittstadt Sub Tr Mark H and Khawam Natalie
Bought by
Boone Michael

Purchase Details

Closed on
Jan 16, 2008
Sold by
Aversano Jack
Bought by
Khawam Natalie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2007
Sold by
Park Jae
Bought by
Aversano Jack

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,960
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 1996
Sold by
Giuricich Helen C and Giuricich Nick
Bought by
Park Jae H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
8.18%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Cordahi Gustave $385,000 Old Republic National Title
Boone Michael $278,000 --
Khawam Natalie K $370,000 --
Aversano Jack $354,950 --
Park Jae H $125,000 Island Title Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cordahi Gustave $308,000
Previous Owner Khawam Natalie K $296,000
Previous Owner Aversano Jack $283,960
Previous Owner Aversano Mary B $53,242
Previous Owner Park Jae H $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $385,000 -3.7% $749 / Sq Ft
09/07/2022 09/07/22 For Sale $399,900 -- $778 / 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 $2,436 $388,860 $116,660 $272,200
2023 $2,735 $420,460 $126,140 $294,320
2022 $3,470 $422,030 $126,610 $295,420
2021 $3,474 $421,980 $126,590 $295,390
2020 $3,570 $420,040 $126,010 $294,030
2019 $3,622 $426,080 $127,820 $298,260
2018 $3,617 $425,570 $0 $0
2017 $3,468 $407,960 $0 $0
2016 $3,245 $381,810 $0 $0
2015 $3,042 $357,860 $0 $0
2014 $2,856 $336,030 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Hines

    Seller's Agent in 2022

    Michael Hines

    EXP Realty, LLC

    (202) 379-5868

    2 in this area

    65 Total Sales

    Section Image
  • John Saab

    Buyer's Agent in 2022

    John Saab

    Samson Properties

    (703) 608-5194

    1 in this area

    54 Total Sales

    Section Image
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About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: DCDC2063176

Bright MLS

APN: 0408-5162

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit 1202, Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit 1202, Washington, DC 20004 since 07 September 2022 and is currently estimated at $401,210, approximately $780 per square foot. This property was built in 1991. 701 Pennsylvania Ave NW Unit 1202 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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