NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit PH12 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $429,000 - $513,000

1 Bed
1 Bath
550 Sq Ft
87 Sq Ft Lot

Last Sold November 06, 2015

Last sale price $450,000 $818 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,806/month

Highlights

  • Concierge
  • 1-minute walk to Archives-Navy Memorial
  • 24-Hour Security
  • Thomson Elementary School Rated A-
  • Fitness Center
  • Penthouse

About This Home

As of April 2016

Elegant 1 bed room Penthouse at the prestigious Market Square. H/W floor, walls of glass in living room & BR, updated kitchen with s/s appliances. Balcony has Penn Ave and historic 7th St view. Comcast cable included, 24hr security-front desk, on-site manager, furnished roof deck with heated pool. Fitness room and sauna.

Last Agent to Rent the Property

Douglas Mossman

Taylor Properties Listed on: 03/09/2016

Taylor Properties

Last Renter's Agent

Douglas Mossman

Taylor Properties Listed on: 03/09/2016

Taylor Properties

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,421

Year Built

  • Built in 1991

Lot Details

  • 87

Home Design

  • Penthouse
  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 550 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Combination Kitchen and Living

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Primary Bedroom
  • 1 Full Bathroom

Home Security

  • Exterior Cameras
  • Monitored

Parking

  • Subterranean Parking
  • On-Site Parking for Rent

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 36 inches wide or more

Schools

  • Thomson Elementary School

Utilities

  • Cooling Available
  • Heat Pump System
  • 60+ Gallon Tank
  • Cable TV Available

Additional Features

  • Private Pool
  • Property is in very good condition

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,500
  • $300 Move-In Fee
  • Tenant pays for insurance, light bulbs/filters/fuses/alarm care, electricity
  • Rent includes cable TV, grounds maintenance, hoa/condo fee, pool maintenance, taxes, trash removal, water, sewer
  • No Smoking Allowed
  • 12-Month Lease Term
  • Available 3/10/16
  • $75 Application Fee
  • Assessor Parcel Number 0408//5199

Community Details

Overview

  • No Home Owners Association
  • $500 Elevator Use Fee
  • Moving Fees Required
  • Association fees include cable TV, custodial services maintenance, insurance, management, snow removal, sewer, trash
  • Central Community
  • Central Subdivision

Amenities

  • Concierge
  • Common Area

Recreation

Pet Policy

  • No Pets Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$3,421

Year Built

Built in 1991

Lot Details

0

Rental Info

  • Date Available: 2016-03-10
  • Application Fee: 75.00
  • Lease Term: 12 Months
  • Pets Allowed: No
  • Rent Includes: Cable Tv, Grounds Maintenance, Hoa/Condo Fee, Pool Maintenance, Taxes, Trash Removal, Water, Sewer
  • Security Deposit: 2500.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Insurance, Light Bulbs/Filters/Fuses/Alarm Care, Electricity
  • Vacation Rental: No
  • Max Lease in Months: 12
  • Min Lease in Months: 12
  • Move In Fee: 300.00

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Architectural Style: Contemporary
  • Accessibility Features: 36"+ Wide Halls, Elevator
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 1991
  • Remarks Public: Elegant 1 bed room Penthouse at the prestigious Market Square. H/W floor, walls of glass in living room & BR, updated kitchen with s/s appliances. Balcony has Penn Ave and historic 7th St view. Comcast cable included, 24hr security-front desk, on-site manager, furnished roof deck with heated pool. Fitness room and sauna.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Combination Kitchen/Living, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Penthouse
  • Levels Count: 1
  • Room List: Living Room, Primary Bedroom, Kitchen
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 550
  • Living Area Sq Ft: 550
  • Price Per Sq Ft: 4.55
  • Above Grade Finished Sq Ft: 550
  • 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: Brick
  • 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: Attached, On-Site - Rent, On-Site - Rent
  • Garage Features: Underground

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • 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, Resident Manager, Surveillance Sys, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • Elevator Use Fee: 500.00
  • HOA Condo Co-Op Amenities: Exercise Room, Elevator, Concierge, Common Grounds, Extra Storage, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Cable Tv, Custodial Services Maintenance, Insurance, Management, Snow Removal, Sewer, Trash
  • HOA Condo Co-Op Rules: Moving Fees Required, Elevator Use, Pets - Not Allowed
  • 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

  • Property Attached Yn: Yes
  • Property Condition: Very Good

Tax Info

  • Assessor Parcel Number: 16135485
  • Assessor Parcel Number: 0408//5199
  • Tax Total Finished Sq Ft: 517
  • Close Date: 04/15/2016

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2015
Closed on
Nov 6, 2015
Sold by
Stevens Laurie Coles
Bought by
Pinkham Management Llc Massachusetts Lim
Seller's Agent
Kathleen King
Washington Fine Properties, LLC
Buyer's Agent
Douglas Mossman
Taylor Properties
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Current Estimated Value
$460,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,417
Avg. Annual Appreciation
0.05%

Purchase Details

Closed on
Nov 2, 2005
Sold by
Perlman Edward
Bought by
Sacks Rita K and Malone Roberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.85%
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
Pinkham Management Llc Massachusetts Lim $450,000 None Available
Sacks Rita K $435,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sacks Rita K $292,500
Previous Owner Sacks Rita K $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2016 04/15/16 Rented $2,500 0.0% --
04/01/2016 04/01/16 Under Contract -- -- --
03/09/2016 03/09/16 For Rent $2,500 0.0% --
11/06/2015 11/06/15 Sold $450,000 -9.8% $870 / Sq Ft
10/10/2015 10/10/15 Pending -- -- --
09/18/2015 09/18/15 For Sale $499,000 -- $965 / 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 $3,421 $417,690 $125,310 $292,380
2023 $3,678 $447,380 $134,210 $313,170
2022 $3,664 $444,850 $133,450 $311,400
2021 $3,668 $444,840 $133,450 $311,390
2020 $3,764 $442,810 $132,840 $309,970
2019 $3,818 $449,140 $134,740 $314,400
2018 $3,813 $448,600 $0 $0
2017 $3,655 $430,040 $0 $0
2016 $3,421 $402,460 $0 $0
2015 $3,206 $377,220 $0 $0
2014 -- $354,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2016

    Douglas Mossman

    Taylor Properties

    (202) 550-0500

    7 in this area

    7 Total Sales

    Section Image
  • Kathleen King

    Seller's Agent in 2015

    Kathleen King

    Washington Fine Properties, LLC

    (202) 276-1235

    1 in this area

    107 Total Sales

    Section Image
  • Eileen McGrath

    Seller Co-Listing Agent in 2015

    Eileen McGrath

    Washington Fine Properties, LLC

    (202) 253-2226

    1 in this area

    55 Total Sales

    Section Image
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About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: 1001361615

Bright MLS

APN: 0408-5199

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit PH12, Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit PH12, Washington, DC 20004 since 09 March 2016 and is currently priced at $464,128. This property was built in 1991. 701 Pennsylvania Ave NW Unit PH12 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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