NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit 1227 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $396,000 - $458,448

1 Bed
1 Bath
626 Sq Ft
$789/mo HOA Fee

Last Sold August 18, 2023

Last sale price $422,500 $675 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,431/month

10 Days on Market

Highlights

  • Traditional Architecture
  • 1-minute walk to Archives-Navy Memorial
  • Sauna
  • Thomson Elementary School Rated A-
  • Wood Flooring
  • Community Pool

About This Home

As of August 2023

Discover the Residences at Market Square. With a 24-hour concierge, optional reserved rental parking accessed from a private elevator for the Residences, a spa-equipped fitness center, and a dazzling rooftop pool offering sweeping views of the Capital and its iconic monuments, this condominium building is a dream come true. Inside the unit, you will find a balcony overlooking a private courtyard, fresh paint throughout, elegant hardwood floors, and a fully renovated kitchen and bath. Penn Quarter has some of the finest dining in DC, and you’re a block from the mall and a short walk to the Capital and White House. Welcome home!

Last Agent to Sell the Property

Phillip Allen

Corcoran McEnearney Listed on: 07/20/2023

Corcoran McEnearney

Last Buyer's Agent

Aidan Duffy

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,016

Year Built

  • Built in 1991

Lot Details

  • 87

HOA Fees

  • $789 Monthly HOA Fees

Parking

  • Unassigned Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 626 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring

Kitchen

  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Public Septic

Listing and Financial Details

  • Tax Lot 5187
  • Assessor Parcel Number 0408//5187

Community Details

Overview

  • Association fees include water, high speed internet, cable TV
  • High-Rise Condominium
  • The Residences At Market Square East Condos
  • Central Community
  • Central Subdivision
  • Property Manager

Amenities

  • Common Area
  • Sauna

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,016

Year Built

Built in 1991

Lot Details

0

HOA Fees

$789 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Traditional
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1991
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Entry Floor: 12
  • Flooring Type: Hardwood
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 626
  • Living Area Sq Ft: 626
  • Price Per Sq Ft: 678.91
  • Above Grade Finished Sq Ft: 626
  • 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: No
  • Parking Features: Unassigned

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 789.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Residences at Market Square East
  • HOA Condo Co-Op Amenities: Swimming Pool, Sauna, Common Grounds, Storage Bin, Extra Storage, Elevator
  • HOA Condo Co-Op Fee Includes: Water, High Speed Internet, Cable Tv
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Soil Types: Urban Land Not Rated
  • Year Assessed: 2022
  • Zoning: 017
  • In City Limits: Yes

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3016.00
  • Assessor Parcel Number: 0408//5187
  • Tax Lot: 5187
  • Tax Total Finished Sq Ft: 626
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 08/18/2023

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 17, 2023
Sold by
Sponzo Jem Colleen
Bought by
Shim Hsueh-Wen and Shih Savannah
Seller's Agent
Phillip Allen
Corcoran McEnearney
Buyer's Agent
Aidan Duffy
Compass
List Price
$425,000
Sold Price
$422,500
Premium/Discount to List
-$2,500
-0.59%
Views
52
Current Estimated Value
$427,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,589
Avg. Annual Appreciation
0.85%

Purchase Details

Closed on
Nov 25, 2009
Sold by
Foster Eric
Bought by
Sponzo Jem Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,497
Interest Rate
4.92%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 7, 2004
Sold by
Est Of Catherine Williams
Bought by
Foster Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.88%
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
Shim Hsueh-Wen $422,500 First Excel Title
Sponzo Jem Colleen $359,000 --
Foster Eric $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sponzo Jem Coleen $290,200
Previous Owner Sponzo Jem C $348,518
Previous Owner Sponzo Jem Colleen $352,497
Previous Owner Foster Eric $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold $422,500 -0.6% $675 / Sq Ft
07/20/2023 07/20/23 For Sale $425,000 0.0% $679 / Sq Ft
01/01/2022 01/01/22 Rented $2,150 -6.5% --
10/27/2021 10/27/21 For Rent $2,300 -- --
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 $3,645 $444,030 $133,210 $310,820
2023 $2,940 $444,550 $133,360 $311,190
2022 $3,016 $447,240 $134,170 $313,070
2021 $3,054 $448,890 $134,670 $314,220
2020 $3,160 $447,430 $134,230 $313,200
2019 $3,208 $452,290 $135,690 $316,600
2018 $3,217 $451,770 $0 $0
2017 $3,108 $438,070 $0 $0
2016 $2,870 $409,310 $0 $0
2015 $2,657 $383,930 $0 $0
2014 $2,467 $360,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Phillip Allen

    Seller's Agent in 2023

    Phillip Allen

    Corcoran McEnearney

    (301) 807-5045

    1 in this area

    95 Total Sales

    Section Image
  • Aidan Duffy

    Buyer's Agent in 2023

    Aidan Duffy

    Compass

    (202) 258-1265

    9 in this area

    42 Total Sales

    Section Image
  • Jonathan Karpa

    Buyer Co-Listing Agent in 2023

    Jonathan Karpa

    Compass

    (240) 888-4067

    7 in this area

    44 Total Sales

    Section Image
  • John Schwinn

    Seller's Agent in 2022

    John Schwinn

    Corcoran McEnearney

    (301) 814-3115

    Section Image

  • d

    Buyer's Agent in 2022

    datacorrect BrightMLS

    Non Subscribing Office

    Section Image
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About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: DCDC2104876

Bright MLS

APN: 0408-5187

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit 1227, Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit 1227, Washington, DC 20004 since 20 July 2023 and is currently estimated at $431,862, approximately $689 per square foot. This property was built in 1991. 701 Pennsylvania Ave NW Unit 1227 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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