NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit 1224 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $338,000 - $443,000

1 Bed
1 Bath
700 Sq Ft
$790/mo HOA Fee

Last Sold January 31, 2024

Last sale price $369,000 $527 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,262/month

150 Days on Market

Highlights

  • Doorman
  • 1-minute walk to Archives-Navy Memorial
  • 24-Hour Security
  • Thomson Elementary School Rated A-
  • Fitness Center
  • Traditional Architecture

About This Home

As of January 2024

The opportunity is now... seller is motivated. Don't miss this opportunity on this property that has been recently reduced. You've been looking for that perfect place. You knew it was out there and more than bricks and mortar. It is the place where you will create memories with friends and family. Welcome home to 701 Pennsylvania Ave. This exclusive condo needs your finishing touches to make it home. It offers one bedroom and one bath with a 24hr fitness center and 24-hour concierge. In-building parking (separate charge). Juliet balcony with views of the interior courtyard. Walk to restaurants, shops, concerts, and the metro. What other address can boast a National Memorial at its base and walkability to a set of national treasures?

Last Agent to Sell the Property

Larry Crenshaw

Keller Williams Capital Properties License #0225095687 Listed on: 07/03/2023

Keller Williams Capital Properties

Last Buyer's Agent

Jonathan Bartlett

Engel & Völkers Washington, DC License #AB98378548

Engel & Völkers Washington, DC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,389

Year Built

  • Built in 1991

Lot Details

  • 87

HOA Fees

  • $790 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Basement Garage
  • Parking Fee
  • Rented or Permit Required
  • Secure Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 700 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Intercom
  • Monitored

Utilities

  • Central Heating
  • Heat Pump System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Doors are 32 inches wide or more
  • West Facing Home

Listing and Financial Details

  • Assessor Parcel Number 0408//5184

Community Details

Overview

  • Association fees include broadband, cable TV, common area maintenance, custodial services maintenance, exterior building maintenance, insurance, management, pool(s), recreation facility, security gate, trash, water
  • High-Rise Condominium
  • Central Community
  • Penn Quarter Subdivision
  • Property Manager

Amenities

  • Doorman
  • Common Area
  • 3 Elevators

Recreation

Pet Policy

  • Breed Restrictions

Security

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,389

Year Built

Built in 1991

Lot Details

0

HOA Fees

$790 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Traditional
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 7/3/2023 12:00:00 AM
  • Year Built: 1991
  • Automatically Close On Close Date: No
  • Remarks Public: The opportunity is now... seller is motivated. Don't miss this opportunity on this property that has been recently reduced. You've been looking for that perfect place. You knew it was out there and more than bricks and mortar. It is the place where you will create memories with friends and family. Welcome home to 701 Pennsylvania Ave. This exclusive condo needs your finishing touches to make it home. It offers one bedroom and one bath with a 24hr fitness center and 24-hour concierge. In-building parking (separate charge). Juliet balcony with views of the interior courtyard. Walk to restaurants, shops, concerts, and the metro. What other address can boast a National Memorial at its base and walkability to a set of national treasures?
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 12
  • Elevators Count: 3
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 700
  • Living Area Sq Ft: 700
  • Price Per Sq Ft: 528.57
  • Above Grade Finished Sq Ft: 700
  • 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
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Parking Fee, Rented/Permit Required, Secure Parking
  • Garage Features: Basement Garage
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Central, Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Desk In Lobby, Doorman, Intercom, Monitored, Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Phone Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 789.91
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Exercise Room, Common Grounds, Pool - Outdoor, Security
  • HOA Condo Co-Op Fee Includes: Broadband, Cable Tv, Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Recreation Facility, Security Gate, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Soil Types: Unknown
  • Zoning: WASHINGTON DC
  • In City Limits: Yes

Rental Info

  • Pets: Breed Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3389.00
  • Assessor Parcel Number: 0408//5184
  • Tax Year: 2022
  • Close Date: 01/31/2024

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2023
Closed on
Jan 25, 2024
Sold by
Gova Enterprises Llc
Bought by
Gamo Nao Jennifer
Seller's Agent
Larry Crenshaw
Keller Williams Capital Properties
Buyer's Agent
Jonathan Bartlett
Engel & Völkers Washington, DC
List Price
$420,000
Sold Price
$369,000
Premium/Discount to List
-$51,000
-12.14%
Views
265
Current Estimated Value
$411,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,708
Avg. Annual Appreciation
7.47%

Purchase Details

Closed on
Nov 17, 2003
Sold by
Canada Donald
Bought by
Bees Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Gamo Nao Jennifer $369,000 Commonwealth Land Title
Bees Margaret $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bees Margaret $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $369,000 -0.3% $527 / Sq Ft
11/06/2023 11/06/23 Price Changed $369,999 -3.9% $529 / Sq Ft
08/03/2023 08/03/23 Price Changed $385,000 -8.3% $550 / Sq Ft
07/03/2023 07/03/23 For Sale $420,000 0.0% $600 / Sq Ft
07/19/2019 07/19/19 Rented $2,625 +7.1% --
06/06/2019 06/06/19 Price Changed $2,450 -5.8% $4 / Sq Ft
04/06/2019 04/06/19 For Rent $2,600 0.0% --
03/04/2019 03/04/19 Sold $399,900 -3.9% $667 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
11/15/2018 11/15/18 For Sale $416,000 -- $693 / 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 $2,621 $410,570 $123,170 $287,400
2023 $3,365 $410,570 $123,170 $287,400
2022 $3,389 $412,470 $123,740 $288,730
2021 $3,398 $413,020 $123,910 $289,110
2020 $3,496 $411,330 $123,400 $287,930
2019 $3,542 $416,690 $125,010 $291,680
2018 $3,538 $416,200 $0 $0
2017 $3,429 $403,380 $0 $0
2016 $3,207 $377,290 $0 $0
2015 $3,007 $353,720 $0 $0
2014 $2,823 $332,120 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Larry Crenshaw

    Seller's Agent in 2024

    Larry Crenshaw

    Keller Williams Capital Properties

    (240) 381-5927

    3 in this area

    15 Total Sales

    Section Image
  • Jonathan Bartlett

    Buyer's Agent in 2024

    Jonathan Bartlett

    Engel & Völkers Washington, DC

    (202) 436-6066

    1 in this area

    55 Total Sales

    Section Image

  • D

    Seller's Agent in 2019

    Douglas Mossman

    Taylor Properties

    (202) 550-0500

    7 in this area

    7 Total Sales

    Section Image
  • Marco Saraiva

    Buyer's Agent in 2019

    Marco Saraiva

    HomeSmart

    (202) 352-2848

    2 Total Sales

    Section Image
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About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: DCDC2102498

Bright MLS

APN: 0408-5184

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit 1224, Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit 1224, Washington, DC 20004 since 03 July 2023 and is currently estimated at $393,862, approximately $562 per square foot. This property was built in 1991. 701 Pennsylvania Ave NW Unit 1224 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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