$997,500
SOLD SEP 30, 2016

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
$1,421/mo HOA Fee

Recently Sold

$1,056 Per Sq Ft

6 Days on Market

Highlights

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

About This Home

As of May 2020

Penn Quarter. Be Amazed! Enjoy EXTRAORDINARY Monument views from EVERY window and the expansive terrace of your own spacious - 945 SQFT -One BR Two BA PENTHOUSE at Market Square East, full service luxury condominium residences w/ every amenity including 24/7 Front Desk, well equipped gym & Roof Deck w/ Swimming Pool & stellar Washington Views. Garage Rental Pkg guaranteed. Steps Archives Metro.

Last Agent to Sell the Property

Judi Seiden

Berkshire Hathaway HomeServices PenFed Realty License #BR96763 Listed on: 09/09/2016

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

John Eric

Compass License #02074058

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,899

Year Built

  • Built in 1991

HOA Fees

  • $1,421 Monthly HOA Fees

Parking

  • On-Site Parking for Rent

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 945 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Schools

  • Thomson Elementary School
  • Jackson-Reed High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater

Additional Features

  • Level Entry For Accessibility
  • Property is in very good condition

Listing and Financial Details

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

Community Details

Overview

  • Moving Fees Required
  • Association fees include exterior building maintenance, management, insurance, pool(s), reserve funds, sewer, trash, water, sauna
  • High-Rise Condominium
  • Market Square East Community
  • Penn Quarter Subdivision
  • The community has rules related to moving in times

Amenities

  • Concierge
  • Sauna
  • Elevator

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • 24-Hour Security
  • Front Desk in Lobby

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,899

Year Built

Built in 1991

Lot Details

0

HOA Fees

$1,421 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Year Built: 1991
  • Remarks Public: Penn Quarter. Be Amazed! Enjoy EXTRAORDINARY Monument views from EVERY window and the expansive terrace of your own spacious - 945 SQFT -One BR Two BA PENTHOUSE at Market Square East, full service luxury condominium residences w/ every amenity including 24/7 Front Desk, well equipped gym & Roof Deck w/ Swimming Pool & stellar Washington Views. Garage Rental Pkg guaranteed. Steps Archives Metro.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Combination Dining/Living, Breakfast Area, Primary Bath(s), Upgraded Countertops, 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: 1057.67
  • 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: Brick
  • Pool Private: No
  • 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: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, 24 Hour Security, Desk In Lobby
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1421.29
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Extra Storage, Pool - Outdoor, Sauna, Security, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Management, Insurance, Pool(s), Reserve Funds, Sewer, Trash, Water, Sauna
  • HOA Condo Co-Op Rules: Elevator Use, Moving Fees Required, Moving In Times, Pets - Allowed, Pets - Size Restrict
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Elementary School: THOMSON
  • High School: JACKSON-REED
  • School District Key: 121140357950
  • Elementary School: THOMSON
  • High School: JACKSON-REED

Lot Info

  • Improvement Assessed Value: 564670.00
  • Land Assessed Value: 242000.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Soil Types: Urban Land Not Rated
  • Year Assessed: 2016
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16135490
  • Tax Annual Amount: 6899.00
  • Assessor Parcel Number: 0408//5205
  • Tax Lot: 5205
  • Tax Total Finished Sq Ft: 849
  • Tax Year: 2015
  • Close Date: 09/30/2016

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
$880,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$79,213
Avg. Annual Appreciation
-0.61%

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

    Shawn Breck
    Section Image
  • Tyler Garrison

    Seller Co-Listing Agent in 2020

    Tyler Garrison

    Compass

    (202) 256-2132

    102 Total Sales

    Tyler Garrison
    Section Image
  • Nikos Nicholas

    Buyer's Agent in 2020

    Nikos Nicholas

    Keller Williams Realty

    (202) 445-6264

    1 in this area

    12 Total Sales

    Nikos Nicholas
    Section Image
  • John Eric

    Seller's Agent in 2018

    John Eric

    Compass

    (703) 798-0097

    106 Total Sales

    John Eric
    Section Image
  • Trevor Moore

    Seller Co-Listing Agent in 2018

    Trevor Moore

    Compass

    (703) 915-0869

    106 Total Sales

    Trevor Moore
    Section Image
See All Agents

About Residences at Market Square - East Tower

Map

Source: Bright MLS

MLS Number: 1001375327

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 $997,500, approximately $1,055 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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