NOT LISTED FOR SALE

Residences at Gallery Place 777 7th St NW Unit 1014 Washington, DC 20001

Penn Quarter Neighborhood

Estimated Value: $485,000 - $582,000

2 Beds
2 Baths
974 Sq Ft
2005 Built

Last Sold March 19, 2021

Last sale price $596,500 $612 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $3,116/month

Highlights

  • Concierge
  • 1-minute walk to Gallery Place-Chinatown
  • City View
  • Thomson Elementary School Rated A-
  • Fitness Center
  • 5-minute walk to Chinatown Park

About This Home

As of February 2024

Spacious 10th floor 2 Bedroom and 2 Bathroom condo for rent by Gallery Place Metro. Open and bright with nearly 1,000 sqft of living space. Awesome views from the unit of the Washington Monument and the city. Updated kitchen with stainless steel appliances and granite counters. Beautiful wood floors throughout with crown molding too. 2 large bedrooms and 2 full size bathrooms are on opposite sides. Use the second bedroom as a home office Large walk-in closets. Washer and dryer in unit. 24/7 front Desk Concierge. Underground parking available for rent. No pets. Vouchers Welcome. Building amenities include an elevator, terrace and rooftop deck, meeting and conference rooms, picnic area, entertainment, party room and a fitness center. Close to the Gallery Place Metro, the Capital One Arena, restaurants and shops. Tenant occupied. Available early March.

Last Agent to Rent the Property

Peter Maser

(301) 529-5600 pmaser@compass.com Compass License #0225246153 Listed on: 01/29/2024

Compass

Last Renter's Agent

Wiley Drake

(202) 441-5079 wiley.drake@longandfoster.com Long & Foster Real Estate, Inc. License #0225240432

Long & Foster Real Estate, Inc.

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,373

Year Built

  • Built in 2005

Lot Details

  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Entry on the 10th floor

Interior Spaces

  • 974 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Residential Lease
  • Security Deposit $3,000
  • $400 Move-In Fee
  • Tenant pays for electricity, heat, insurance, light bulbs/filters/fuses/alarm care, minor interior maintenance, all utilities
  • The owner pays for advertising/licenses and permits, association fees, cable TV, common area maintenance, management, reserves for replacement, sewer, real estate taxes, trash collection
  • Rent includes cable TV, common area maintenance, community center, grounds maintenance, hoa/condo fee, recreation facility, sewer, taxes, trash removal
  • No Smoking Allowed
  • 12-Month Min and 24-Month Max Lease Term
  • Available 3/4/24
  • $55 Application Fee
  • Assessor Parcel Number 0455//2154

Community Details

Overview

  • No Home Owners Association
  • $500 Elevator Use Fee
  • Association fees include all ground fee, cable TV, high speed internet, management, recreation facility, sewer, snow removal, taxes, trash
  • High-Rise Condominium
  • Residence At Gallery Place Community
  • Central Subdivision

Amenities

  • Concierge
  • Fax or Copying Available
  • Common Area
  • Meeting Room
  • Party Room
  • Elevator

Recreation

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Condo Details

Home Type

Condominium

Est. Annual Taxes

$4,373

Year Built

Built in 2005

Lot Details

0

Rental Info

  • Date Available: 2024-03-04
  • Application Fee: 55.00
  • Owner Pays: Advertising/Licenses And Permits, Association Fees, Cable Tv, Common Area Maintenance, Management, Reserves For Replacement, Sewer, Taxes - Real Estate, Trash Collection
  • Pets Allowed: No
  • Rent Includes: Cable Tv, Common Area Maintenance, Community Center, Grounds Maintenance, Hoa/Condo Fee, Recreation Facility, Sewer, Taxes, Trash Removal
  • Security Deposit: 3000.00
  • Smoking Allowed Yn: No
  • Tenant Pays: Electricity, Heat, Insurance, Light Bulbs/Filters/Fuses/Alarm Care, Minor Interior Maintenance, Utilities - All
  • Vacation Rental: No
  • Property Manager: No
  • Max Lease in Months: 24
  • Min Lease in Months: 12
  • Move In Fee: 400.00
  • Rent Spree Online Application: No

Listing Details

  • Property Type: Residential Lease
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Inclusions: Breakfast Area, Combination Dining/Living, Traditional, Kitchen - Gourmet, Primary Bath(s), Recessed Lighting, Soaking Tub, Tub Shower, Walk-in Closet(s), Wood Floors; Built-In Microwave, Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Stainle
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-01-31
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 10
  • Flooring Type: Hardwood
  • Interior Amenities: Combination Kitchen/Dining, Combination Dining/Living, Floor Plan - Open, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 974
  • Living Area Sq Ft: 974
  • Price Per Sq Ft: 3.08
  • Above Grade Finished Sq Ft: 974
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

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 Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • Elevator Use Fee: 500.00
  • HOA Condo Co-Op Amenities: Cable, Common Grounds, Concierge, Elevator, Exercise Room, Fax/Copying, Fitness Center, Meeting Room, Party Room, Security
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Cable Tv, High Speed Internet, Management, Recreation Facility, Sewer, Snow Removal, Taxes, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14.00
  • Property Condition: Excellent
  • Zoning: D6R

Tax Info

  • Assessor Parcel Number: 0455//2154

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2020
Closed on
Mar 18, 2021
Sold by
Lee Ho Sang
Bought by
Cortese Andrea and Natividad-Cortese Irene
Seller's Agent
Susan Oh
Giant Realty, Inc.
Buyer's Agent
Arthur Blanda
Redfin Corp
List Price
$617,000
Sold Price
$596,500
Premium/Discount to List
-$20,500
-3.32%
Current Estimated Value
$525,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$70,761
Avg. Annual Appreciation
-2.70%

Purchase Details

Closed on
May 31, 2005
Sold by
Residences At Gallery Pla
Bought by
Lee Ho Sang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,520
Interest Rate
5.79%
Mortgage Type
New Conventional
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
Cortese Andrea $596,500 Home First Title Group Llc
Lee Ho Sang $511,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lee Ho Sang $409,520
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/19/2024 02/19/24 Rented $3,000 0.0% --
01/29/2024 01/29/24 For Rent $3,000 0.0% --
02/10/2023 02/10/23 Rented $3,000 0.0% --
11/14/2022 11/14/22 For Rent $3,000 +7.1% --
06/10/2021 06/10/21 Rented $2,800 0.0% --
05/20/2021 05/20/21 Under Contract -- -- --
05/10/2021 05/10/21 For Rent $2,800 0.0% --
03/19/2021 03/19/21 Sold $596,500 -3.3% $612 / Sq Ft View Prior Sale
03/04/2021 03/04/21 Pending -- -- --
12/26/2020 12/26/20 For Sale $617,000 -- $633 / 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
2025 $4,373 $530,120 $159,040 $371,080
2024 $4,569 $552,700 $165,810 $386,890
2023 $4,640 $560,560 $168,170 $392,390
2022 $4,767 $574,590 $172,380 $402,210
2021 $4,817 $579,980 $173,990 $405,990
2020 $4,929 $579,850 $173,950 $405,900
2019 $4,856 $571,250 $171,370 $399,880
2018 $4,857 $571,460 $0 $0
2017 $4,897 $576,080 $0 $0
2016 $4,674 $549,900 $0 $0
2015 $4,589 $539,940 $0 $0
2014 $4,072 $479,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peter Maser

    Landlord's Agent in 2024

    Peter Maser

    Compass

    (301) 529-5600

    127 Total Sales

    Peter Maser
    Section Image
  • Wiley Drake

    Tenant's Agent in 2024

    Wiley Drake

    Long & Foster

    (202) 441-5079

    51 Total Sales

    Wiley Drake
    Section Image
  • Susan Oh

    Seller's Agent in 2021

    Susan Oh

    Giant Realty, Inc.

    (703) 975-4989

    2 in this area

    83 Total Sales

    Susan Oh
    Section Image
  • Nancy Slomowitz

    Seller Co-Listing Agent in 2021

    Nancy Slomowitz

    Long & Foster

    (301) 335-4359

    7 Total Sales

    Nancy Slomowitz
    Section Image

  • Y

    Buyer's Agent in 2021

    Yelena Golbin

    Long & Foster

    (301) 706-3797

    1 Total Sale

    Yelena Golbin
    Section Image
See All Agents

About Residences at Gallery Place

Map

Source: Bright MLS

MLS Number: DCDC2125520

Bright MLS

APN: 0455-2154

District of Columbia District of Columbia County Washington 20001 Penn Quarter

777 7th St NW Unit 1014, Washington, DC

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