NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit 1226 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $427,000 - $474,000

1 Bed
1 Bath
595 Sq Ft
$569/mo HOA Fee

Last Sold May 31, 2016

Last sale price $407,500 $685 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,252/month

58 Days on Market

Highlights

  • Fitness Center
  • 1-minute walk to Archives-Navy Memorial
  • Private Pool
  • Thomson Elementary School Rated A-
  • 24-Hour Security
  • Exterior Cameras

About This Home

As of May 2016

Premier Location! Archives/Navy Memorial Metro, Penn Quarter lifestyle: this 12th floor home has a wall of sliding glass that extends the length of the unit, leading out to large, quiet balconies. Includes walk-in closet, w/d, white marble floors, extra storage. Full service desk, roof-top pool, new fitness room, and rental parking make this a highly sought after, turn-key residence.

Last Agent to Sell the Property

Sheryl Blank-Barnes

Compass Listed on: 03/24/2016

Compass

Last Buyer's Agent

Ellen Abrams

TTR Sotheby's International Realty

TTR Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,547

Year Built

  • Built in 1991

Lot Details

  • 87

HOA Fees

  • $569 Monthly HOA Fees

Home Design

  • Stone Siding

Interior Spaces

  • 595 Sq Ft Home
  • Property has 1 Level
  • Window Treatments
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Home Security

  • Exterior Cameras
  • Monitored

Parking

  • Shared Driveway
  • On-Site Parking for Rent

Schools

  • Thomson Elementary School

Utilities

  • Central Air
  • Heat Pump System
  • 60+ Gallon Tank

Additional Features

  • Accessible Elevator Installed
  • Private Pool

Listing and Financial Details

  • Tax Lot 5186
  • Assessor Parcel Number 0408//5186

Community Details

Overview

  • Application Fee Required
  • Moving Fees Required
  • Association fees include custodial services maintenance, exterior building maintenance, insurance, sewer, snow removal, trash, water
  • High-Rise Condominium
  • Central Community
  • Central Subdivision
  • The community has rules related to building or community restrictions, moving in times, renting

Amenities

  • Common Area
  • Elevator

Recreation

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,547

Year Built

Built in 1991

Lot Details

0

HOA Fees

$569 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Inclusions: Parking Included In ListPrice
  • New Construction: No
  • Story List: Main
  • Year Built: 1991
  • Remarks Public: Premier Location! Archives/Navy Memorial Metro, Penn Quarter lifestyle: this 12th floor home has a wall of sliding glass that extends the length of the unit, leading out to large, quiet balconies. Includes walk-in closet, w/d, white marble floors, extra storage. Full service desk, roof-top pool, new fitness room, and rental parking make this a highly sought after, turn-key residence.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Combination Dining/Living, Elevator, Window Treatments, Flat
  • Fireplace: No
  • Entry Location: Floors 11-15
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 595
  • Living Area Sq Ft: 595
  • Price Per Sq Ft: 697.48
  • Above Grade Finished Sq Ft: 595
  • 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
  • Construction Materials: Stone
  • Pool Private: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal, Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Shared Driveway, On-Site - Rent
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Security: 24 Hour Security, Desk In Lobby, Exterior Cameras, Fire Detection System, Main Entrance Lock, Monitored, Surveillance Sys, Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 568.52
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Elevator, Exercise Room, Extra Storage, Pool - Outdoor, Security, Storage Bin
  • HOA Condo Co-Op Fee Includes: Custodial Services Maintenance, Ext Bldg Maint, Insurance, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA Condo Co-Op Rules: Application Fee Required, Building Restrictions, Elevator Use, Moving Fees Required, Moving In Times, Pets - Allowed, Renting, Restrictions
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Elementary School: THOMSON
  • School District Key: 121140357950
  • Elementary School: THOMSON

Lot Info

  • Improvement Assessed Value: 276980.00
  • Land Assessed Value: 118700.00
  • Property Attached Yn: Yes
  • Soil Types: Unknown
  • Year Assessed: 2016
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16135473
  • Tax Annual Amount: 2547.00
  • Assessor Parcel Number: 0408//5186
  • Tax Lot: 5186
  • Tax Total Finished Sq Ft: 595
  • Tax Year: 2015
  • Close Date: 05/31/2016

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2016
Closed on
May 31, 2016
Sold by
Foti Timothy L and Foti Heather Elise
Bought by
Harshaw Sherry L
Seller's Agent
Sheryl Blank-Barnes
Compass
Buyer's Agent
Ellen Abrams
TTR Sotheby's International Realty
List Price
$425,000
Sold Price
$407,500
Premium/Discount to List
-$17,500
-4.12%
Current Estimated Value
$447,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,117
Avg. Annual Appreciation
0.80%

Purchase Details

Closed on
Sep 16, 2009
Sold by
Nalepa Gerald F
Bought by
Foti Timothy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
5.12%
Mortgage Type
FHA
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
Harshaw Sherry L $407,500 Federal Title & Escrow Co
Foti Timothy L $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foti Timothy L $316,333
Previous Owner Foti Timothy L $343,660
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $407,500 -1.8% $685 / Sq Ft
05/21/2016 05/21/16 Pending -- -- --
05/19/2016 05/19/16 Price Changed $415,000 -2.4% $697 / Sq Ft
05/02/2016 05/02/16 For Sale $425,000 +4.3% $714 / Sq Ft
04/02/2016 04/02/16 Off Market $407,500 -- --
03/24/2016 03/24/16 For Sale $425,000 0.0% $714 / Sq Ft
04/23/2012 04/23/12 Rented $2,300 -8.0% --
04/20/2012 04/20/12 Under Contract -- -- --
03/26/2012 03/26/12 For Rent $2,500 -- --
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 $2,787 $430,100 $129,030 $301,070
2023 $2,817 $430,100 $129,030 $301,070
2022 $2,890 $432,450 $129,730 $302,720
2021 $2,924 $433,620 $130,090 $303,530
2020 $3,029 $432,060 $129,620 $302,440
2019 $3,079 $437,140 $131,140 $306,000
2018 $3,088 $436,620 $0 $0
2017 $2,982 $423,300 $0 $0
2016 $2,754 $395,680 $0 $0
2015 $2,547 $371,070 $0 $0
2014 -- $348,380 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sheryl Blank-Barnes

    Seller's Agent in 2016

    Sheryl Blank-Barnes

    Compass

    (202) 262-3542

    35 Total Sales

    Section Image
  • Ellen Abrams

    Buyer's Agent in 2016

    Ellen Abrams

    TTR Sotheby's International Realty

    (202) 255-8219

    1 in this area

    51 Total Sales

    Section Image

  • E

    Buyer's Agent in 2012

    Edward Smith

    Real Living at Home

    Section Image
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About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: 1001362665

Bright MLS

APN: 0408-5186

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit 1226, Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit 1226, Washington, DC 20004 since 24 March 2016 and is currently estimated at $444,076, approximately $746 per square foot. This property was built in 1991. 701 Pennsylvania Ave NW Unit 1226 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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