NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit 1211 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $386,000 - $433,000

1 Bed
1 Bath
546 Sq Ft
$748/Sq Ft Est. Value

Highlights

  • Fitness Center
  • 1-minute walk to Archives-Navy Memorial
  • Community Pool
  • Thomson Elementary School Rated A-
  • Contemporary Architecture
  • Elevator

About This Home

As of April 2024

Live large on Pennsylvania Ave surrounded by monuments and iconic architecture and is near the National Mall and Smithsonian Museums. The prestigious The Residences at Market Square is a secure building, with keypad entry, 24/7 front desk, and on-site management.

Unit 1211 has been recently updated, including freshly painted throughout, new hardwood floor, remodeled bathroom with fixtures, kitchen has new marble countertop, sink and faucet and stainless-steel appliances, plus a new in-unit washer and dryer. The living room has floor to ceiling windows with French doors accessing a unit length balcony with a side view of tree-lined Pennsylvania Ave.

Rental includes premium Xfinity cable, Comcast WIFI, DC public water, and sewer. The building features 24-hour front desk, on-site manager Monday through Friday, 24-hour gym, furnished rooftop pool. Garage parking is available for an additional fee,

Market Square is uniquely located halfway between the White House and US Capitol with close access to DC government offices and federal agencies. In and around the Penn Quarter are many culinary options, including fine dining, cafes and coffee shops; plus, high-end shopping at City Center is a few blocks north.

Market Square has three metro stops conveniently located nearby, including the on-site Penn Quarter/Archives metro station (green and yellow lines) with direct access to Washington National-Reagan Airport and Union Station (Amtrak); plus, just two blocks from Gallery Place/Chinatown metro (red line) and Federal Triangle metro (orange, blue and silver lines), and buses along Pennsylvania Ave and 7th St NW. 12-month lease. No pets. Market Square and unit is non-smoking.

Last Agent to Rent the Property

Douglas Mossman

(202) 550-0500 douglas@thepennquarter.com Taylor Properties Listed on: 03/10/2024

Taylor Properties

Last Renter's Agent

Katharine Kratovil

(202) 285-6391 kathy.kratovil@cbmove.com Coldwell Banker Realty License #0225209858

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,311

Year Built

  • Built in 1991

Lot Details

  • 92 Sq Ft Lot
  • Property is zoned CITY

Parking

  • 99 Car Direct Access Garage
  • Basement Garage
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 546 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,600
  • $500 Move-In Fee
  • Tenant pays for electricity, heat, parking fee
  • Rent includes cable TV, common area maintenance, sewer, snow removal, trash removal, water
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 5/1/24
  • $40 Application Fee
  • Assessor Parcel Number 0408//5171

Community Details

Overview

  • $500 Elevator Use Fee
  • $120 Other One-Time Fees
  • Market Square East Community
  • Penn Quarter Subdivision

Amenities

  • Elevator

Recreation

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,311

Year Built

Built in 1991

Lot Details

0

Parking

99

Rental Info

  • Date Available: 2024-05-01
  • Application Fee: 39.99
  • Pets Allowed: No
  • Rent Includes: Cable Tv, Common Area Maintenance, Sewer, Snow Removal, Trash Removal, Water
  • Security Deposit: 2600.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Electricity, Heat, Parking Fee
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Lease Link U R L: https://apply.link/3UbasHs
  • Move In Fee: 500.00
  • Rent Spree Online Application: Yes

Listing Details

  • Property Type: Residential Lease
  • Architectural Style: Contemporary
  • Accessibility Features: 32"+ Wide Doors
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-03-12
  • Federal Flood Zone: No
  • Year Built: 1991
  • Automatically Close On Close Date: Yes
  • Remarks Public: Live large on Pennsylvania Ave surrounded by monuments and iconic architecture and is near the National Mall and Smithsonian Museums. The prestigious The Residences at Market Square is a secure building, with keypad entry, 24/7 front desk, and on-site management. Unit 1211 has been recently updated, including freshly painted throughout, new hardwood floor, remodeled bathroom with fixtures, kitchen has new marble countertop, sink and faucet and stainless-steel appliances, plus a new in-unit washer and dryer. The living room has floor to ceiling windows with French doors accessing a unit length balcony with a side view of tree-lined Pennsylvania Ave. Rental includes premium Xfinity cable, Comcast WIFI, DC public water, and sewer. The building features 24-hour front desk, on-site manager Monday through Friday, 24-hour gym, furnished rooftop pool. Garage parking is available for an additional fee, Market Square is uniquely located halfway between the White House and US Capitol with close access to DC government offices and federal agencies. In and around the Penn Quarter are many culinary options, including fine dining, cafes and coffee shops; plus, high-end shopping at City Center is a few blocks north. Market Square has three metro stops conveniently located nearby, including the on-site Penn Quarter/Archives metro station (green and yellow lines) with direct access to Washington National-Reagan Airport and Union Station (Amtrak); plus, just two blocks from Gallery Place/Chinatown metro (red line) and Federal Triangle metro (orange, blue and silver lines), and buses along Pennsylvania Ave and 7th St NW. 12-month lease. No pets. Market Square and unit is non-smoking.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 546
  • Living Area Sq Ft: 546
  • Price Per Sq Ft: 4.76
  • Above Grade Finished Sq Ft: 546
  • 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: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 99.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry, Basement Garage, Inside Access, Garage Door Opener, Underground
  • Total Garage And Parking Spaces: 99
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 99

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: Electric
  • Sewer/Septic System: Public Septic
  • Water Source: Public

Condo/Co-op/Association

  • Elevator Use Fee: 500.00
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Extra Storage, Pool - Outdoor
  • Senior Community: No

Fee Information

  • Other Fees: 120.00
  • Other Fees Frequency: One Time

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: 92.00
  • Zoning: CITY

Tax Info

  • Assessor Parcel Number: 0408//5171
  • Tax Total Finished Sq Ft: 546
  • Close Date: 04/15/2024

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2000
Sold by
Dreibard Eric S
Bought by
Equinu Xavier
Current Estimated Value
$408,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Outstanding Balance
$48,838
Interest Rate
8.3%
Estimated Equity
$359,335

Purchase Details

Closed on
Jun 24, 1998
Sold by
Curtis Dale E
Bought by
Young Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
7.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Equinu Xavier $160,000 --
Young Laura $134,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Equinu Xavier $144,000
Previous Owner Young Laura $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2024 04/15/24 Rented $2,600 0.0% --
03/10/2024 03/10/24 For Rent $2,600 -- --
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 $3,311 $404,720 $121,420 $283,300
2023 $3,592 $437,320 $131,200 $306,120
2022 $3,617 $439,260 $131,780 $307,480
2021 $3,625 $439,720 $131,920 $307,800
2020 $3,722 $437,880 $131,360 $306,520
2019 $3,771 $443,700 $133,110 $310,590
2018 $3,767 $443,170 $0 $0
2017 $3,612 $424,940 $0 $0
2016 $3,379 $397,500 $0 $0
2015 $3,168 $372,650 $0 $0
2014 $2,974 $349,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2024

    Douglas Mossman

    Taylor Properties

    (202) 550-0500

    7 in this area

    7 Total Sales

    Douglas Mossman
    Section Image
  • Katharine Kratovil

    Tenant's Agent in 2024

    Katharine Kratovil

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (202) 285-6391

    41 Total Sales

    Katharine Kratovil
    Section Image
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About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: DCDC2131232

Bright MLS

APN: 0408-5171

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit 1211, Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit 1211, Washington, DC 20004 since 10 March 2024 and is currently priced at $408,173. This property was built in 1991. 701 Pennsylvania Ave NW Unit 1211 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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