NOT LISTED FOR SALE

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit PH18 Washington, DC 20004

Penn Quarter Neighborhood

Estimated Value: $712,000 - $1,021,000

1 Bed
2 Baths
960 Sq Ft
$1,758/mo HOA Fee

Last Sold May 01, 2020

Last sale price $960,000 $1,000 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,531/month

79 Days on Market

Highlights

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

About This Home

As of May 2020

This one-of-kind, rarely available penthouse at prestigious Market Square East is not to be missed. Upon entering, an unobstructed view of the Washington monument is the main focal point. New hardwood floors, a newly renovated kitchen with granite countertops and stainless-steel appliances, and two new bathrooms complete this stunning one bedroom flat. Step out from either the master bedroom or the living area to the 150 square foot terrace with custom teak decking overlooking the US Navy Memorial with stunning views of the Washington Monument and National Archives. Market Square East is a full-service luxury building with 24/7 concierge/security, rooftop heated swimming pool, and fitness center.Rental Parking Guaranteed.

Last Agent to Sell the Property

Shawn Breck

TTR Sotheby's International Realty Listed on: 01/27/2020

TTR Sotheby's International Realty

Co-Listed By

Tyler Garrison

Compass License #SP98367155

Last Buyer's Agent

Nikos Nicholas

Keller Williams Realty License #0225207794

Keller Williams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,668

Year Built

  • Built in 1991

Lot Details

  • Downtown Location
  • Property is in very good condition

HOA Fees

  • $1,758 Monthly HOA Fees

Parking

  • On-Site Parking for Rent

Property Views

  • Panoramic

Home Design

  • Traditional Architecture

Interior Spaces

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

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Baseboard Heater

Listing and Financial Details

  • Tax Lot 5205
  • Assessor Parcel Number 0408//5205

Community Details

Overview

  • Association fees include water, sewer
  • High-Rise Condominium
  • Market Square East Condos
  • Market Square East Community
  • Penn Quarter Subdivision
  • Property Manager

Recreation

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,668

Year Built

Built in 1991

Lot Details

0

HOA Fees

$1,758 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
  • Remarks Public: This one-of-kind, rarely available penthouse at prestigious Market Square East is not to be missed. Upon entering, an unobstructed view of the Washington monument is the main focal point. New hardwood floors, a newly renovated kitchen with granite countertops and stainless-steel appliances, and two new bathrooms complete this stunning one bedroom flat. Step out from either the master bedroom or the living area to the 150 square foot terrace with custom teak decking overlooking the US Navy Memorial with stunning views of the Washington Monument and National Archives. Market Square East is a full-service luxury building with 24/7 concierge/security, rooftop heated swimming pool, and fitness center.Rental Parking Guaranteed.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Extra Refrigerator/Freezer, Oven/Range - Electric, Stainless Steel Appliances
  • Entry Floor: 1
  • Flooring Type: Hardwood
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 960
  • Living Area Sq Ft: 960
  • Price Per Sq Ft: 1145.83
  • Above Grade Finished Sq Ft: 960
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 701

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete
  • View: Panoramic, City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: On-Site - Rent

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air, Baseboard - Electric
  • Heating: Yes
  • Security: 24 Hour Security
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1757.78
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Market Square East
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Swimming Pool, Exercise Room
  • HOA Condo Co-Op Fee Includes: Water, Sewer
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Heated

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 680920.00
  • Land Assessed Value: 291820.00
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Year Assessed: 2019
  • Zoning: D-6-R
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 16135490
  • Tax Annual Amount: 7668.00
  • Assessor Parcel Number: 0408//5205
  • Tax Lot: 5205
  • Tax Total Finished Sq Ft: 849
  • Tax Year: 2019
  • Close Date: 05/01/2020

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2020
Closed on
May 1, 2020
Sold by
Stephenson Philip and The Philip Stephenson Revocabl
Bought by
Monumental View Llc
Seller's Agent
Shawn Breck
TTR Sotheby's International Realty
Buyer's Agent
Nikos Nicholas
Keller Williams Realty
List Price
$1,100,000
Sold Price
$960,000
Premium/Discount to List
-$140,000
-12.73%
Current Estimated Value
$929,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,870
Avg. Annual Appreciation
-1.62%

Purchase Details

Listed on
Mar 24, 2018
Closed on
May 21, 2018
Sold by
701 Pennsylvania Avenue Nw Ph18 Llc A Vi
Bought by
Stephenson Philip
Seller's Agent
John Eric
Compass
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,100,000
Sold Price
$1,040,000
Premium/Discount to List
-$60,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.02%

Purchase Details

Listed on
Sep 9, 2016
Closed on
Sep 29, 2016
Sold by
Cooper Charles J
Bought by
701 Pennsylvania Ave Nw Ph18 Llc
Seller's Agent
Judi Seiden
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
John Eric
Compass
List Price
$999,500
Sold Price
$997,500
Premium/Discount to List
-$2,000
-0.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.58%

Purchase Details

Closed on
Aug 28, 2008
Sold by
Gould Albert
Bought by
Cooper Charles J

Purchase Details

Closed on
Dec 2, 1994
Sold by
Rowley James A
Bought by
Duffy Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,230
Interest Rate
8.81%
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
Monumental View Llc $960,000 Kvs Title Llc
Stephenson Philip $1,040,000 Kvs Title Llc
701 Pennsylvania Ave Nw Ph18 Llc $997,500 Rgs Title Llc
Cooper Charles J $812,000 --
Duffy Michael J $83,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duffy Michael J $79,230
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2020 05/01/20 Sold $960,000 -12.7% $1,000 / Sq Ft
04/15/2020 04/15/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $1,100,000 +5.8% $1,146 / Sq Ft
05/22/2018 05/22/18 Sold $1,040,000 -1.0% $1,101 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
04/27/2018 04/27/18 Price Changed $1,050,000 -4.5% $1,111 / Sq Ft
03/24/2018 03/24/18 For Sale $1,100,000 +10.3% $1,164 / Sq Ft
09/30/2016 09/30/16 Sold $997,500 -0.2% $1,056 / Sq Ft
09/15/2016 09/15/16 Pending -- -- --
09/09/2016 09/09/16 For Sale $999,500 -- $1,058 / 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 $8,226 $982,960 $294,890 $688,070
2023 $8,495 $1,014,140 $304,240 $709,900
2022 $8,375 $999,050 $299,710 $699,340
2021 $8,461 $1,008,660 $302,600 $706,060
2020 $8,268 $972,740 $291,820 $680,920
2019 $7,668 $902,140 $270,640 $631,500
2018 $7,660 $901,150 $0 $0
2017 $7,095 $834,680 $0 $0
2016 $6,857 $806,670 $0 $0
2015 $6,899 $811,690 $0 $0
2014 -- $729,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shawn Breck

    Seller's Agent in 2020

    Shawn Breck

    TTR Sotheby's International Realty

    (202) 641-1200

    2 in this area

    66 Total Sales

    Section Image
  • Tyler Garrison

    Seller Co-Listing Agent in 2020

    Tyler Garrison

    Compass

    (202) 256-2132

    103 Total Sales

    Section Image
  • Nikos Nicholas

    Buyer's Agent in 2020

    Nikos Nicholas

    Keller Williams Realty

    (202) 445-6264

    1 in this area

    12 Total Sales

    Section Image
  • John Eric

    Seller's Agent in 2018

    John Eric

    Compass

    (703) 798-0097

    106 Total Sales

    Section Image
  • Trevor Moore

    Seller Co-Listing Agent in 2018

    Trevor Moore

    Compass

    (703) 915-0869

    105 Total Sales

    Section Image

  • d

    Buyer's Agent in 2018

    datacorrect BrightMLS

    Non Subscribing Office

    Section Image
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About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: DCDC455240

Bright MLS

APN: 0408-5205

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit PH18, Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit PH18, Washington, DC 20004 since 27 January 2020 and is currently estimated at $880,787, approximately $917 per square foot. This property was built in 1991. 701 Pennsylvania Ave NW Unit PH18 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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