$1,040,000
SOLD MAY 22, 2018

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

Penn Quarter Neighborhood
1 Bed
2 Baths
945 Sq Ft
$1,543/mo HOA Fee

Recently Sold

$1,101 Per Sq Ft

5% Below List Price

47 Days on Market

Highlights

  • Fitness Center
  • 1-minute walk to Archives-Navy Memorial
  • Gourmet Kitchen
  • Thomson Elementary School Rated A-
  • Private Pool
  • Open Floorplan

About This Home

As of May 2020

A True Million Dollar View! Extraordinary Monument views from every window & the expansive private terrace. This beautiful unit has been revived & renewed & provides the best of City living. Located in Market Square East, luxury condo residences w/every amenity including 24/7 Front Desk ,Roof Deck w/ Swimming Pool & fitness center. Garage rental pkg guaranteed. Steps Archives Metro. Pets to 25 #

Last Agent to Sell the Property

John Eric

Compass License #02074058 Listed on: 03/24/2018

Compass

Co-Listed By

Trevor Moore

Compass

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,095

Year Built

  • Built in 1991

HOA Fees

  • $1,543 Monthly HOA Fees

Home Design

  • Contemporary Architecture

Interior Spaces

  • 945 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Chair Railings
  • Crown Molding
  • Combination Kitchen and Dining Room
  • Wood Flooring

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Front Loading Washer

Parking

  • Garage
  • Basement Garage

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Private Pool
  • Property is in very good condition

Listing and Financial Details

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

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, management, insurance, pool(s), reserve funds, sewer, snow removal, trash, water
  • High-Rise Condominium
  • Central Community
  • Penn Quarter Subdivision
  • The community has rules related to alterations or architectural changes, moving in times

Recreation

Pet Policy

  • Pets Allowed

Additional Features

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,095

Year Built

Built in 1991

Lot Details

0

HOA Fees

$1,543 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1991
  • Remarks Public: A True Million Dollar View! Extraordinary Monument views from every window & the expansive private terrace. This beautiful unit has been revived & renewed & provides the best of City living. Located in Market Square East, luxury condo residences w/every amenity including 24/7 Front Desk ,Roof Deck w/ Swimming Pool & fitness center. Garage rental pkg guaranteed. Steps Archives Metro. Pets to 25 #
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Cooktop, Exhaust Fan, Icemaker, Microwave, Oven - Single, Oven/Range - Electric, Refrigerator, Washer, Washer - Front Loading, Water Heater
  • Interior Amenities: Kitchen - Gourmet, Combination Kitchen/Dining, Chair Railings, Upgraded Countertops, Crown Moldings, Primary Bath(s), Wood Floors, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Penthouse
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 945
  • Living Area Sq Ft: 945
  • Price Per Sq Ft: 1111.11
  • Above Grade Finished Sq Ft: 945
  • 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
  • Construction Materials: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Garage Features: Basement Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1543.07
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Fitness Center, Pool - Outdoor, Security, Storage Bin, Swimming Pool, Exercise Room
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Management, Insurance, Pool(s), Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Elevator Use, Moving In Times, Pets - Allowed
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Improvement Assessed Value: 630810.00
  • Land Assessed Value: 270340.00
  • Property Condition: Very Good
  • Soil Types: Urban Land-Sassafras-Chillum
  • Year Assessed: 2017
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16135490
  • Tax Annual Amount: 7094.78
  • Assessor Parcel Number: 0408//5205
  • Tax Lot: 5205
  • Tax Total Finished Sq Ft: 849
  • Tax Year: 2017
  • Close Date: 05/22/2018

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $960,000 Kvs Title Llc
Special Warranty Deed $1,040,000 Kvs Title Llc
Special Warranty Deed $997,500 Rgs Title Llc
Warranty Deed $812,000 --
Deed $83,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $79,230 No Value Available
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: 1000303700

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 and is currently priced at $1,040,000, approximately $1,100 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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