NOT LISTED FOR SALE

Residences at Gallery Place 777 7th St NW Unit 921 Washington, DC 20001

Penn Quarter Neighborhood

Estimated Value: $304,000 - $488,000

1 Bed
1 Bath
754 Sq Ft
2005 Built

Sale Details

Date Sold: July 18, 2016

Last sale price $419,000 $556 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $2,782 / mo

3 Days on Market

Highlights

  • Concierge
  • 1-minute walk to Gallery Place-Chinatown
  • Gourmet Kitchen
  • Thomson Elementary School Rated A-
  • 24-Hour Security
  • 5-minute walk to Chinatown Park

About This Home

As of July 2016

Welcome to The Sevens! This upscale 1BR 1BA with high end upgrades faces the interior courtyard. Quiet oasis in the heart of China Town. 1/2 block to metro. Countertop built in Kitchen Motor Driven Appliance with attachments, built in entertainment cabinet, lots of light. Condo fee includes 24 hour front desk, FIOS, outdoor terraces, library, exercise room, community room. Grab your agent & go

Last Agent to Sell the Property

Lou Costanza

(202) 338-0500 chatel@chatel.us Chatel Real Estate, Inc. Listed on: 06/12/2016

Co-Listed By

Peter Chan

(202) 483-0140 pchan@costanzaandchan.com Chatel Real Estate Company License #609780

Last Buyer's Agent

Nate Guggenheim

(202) 333-3320 info@wfp.com Washington Fine Properties, LLC License #SP98364671

Washington Fine Properties, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,579

Year Built

  • Built in 2005

HOA Fees

  • $577 Monthly HOA Fees

Parking

  • Public Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 754 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Wet Bar
  • Crown Molding
  • High Ceiling
  • Garden Views
  • Dryer

Kitchen

  • Gourmet Kitchen
  • Stove
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Home Security

Schools

  • Thomson Elementary School
  • Jefferson Middle School Academy
  • Dunbar Senior High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Fiber Optics Available

Additional Features

  • Accessible Elevator Installed
  • Property is in very good condition

Listing and Financial Details

  • Tax Lot 2135
  • Assessor Parcel Number 0455//2135

Community Details

Overview

  • Moving Fees Required
  • Association fees include common area maintenance, exterior building maintenance, fiber optics at dwelling, management, insurance, reserve funds, sewer, snow removal, trash, water
  • High-Rise Community
  • Residences At Gallery Place Community
  • Gallery Place Subdivision
  • The community has rules related to covenants, moving in times

Amenities

  • Concierge

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,579

Year Built

Built in 2005

Lot Details

0 Sq Ft Lot

HOA Fees

$577 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: 2005
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Microwave, Dryer, Dishwasher, Disposal, Refrigerator, Icemaker, Stove
  • Interior Amenities: Kitchen - Gourmet, Crown Moldings, Wet/Dry Bar, Floor Plan - Open, Floor Plan - Traditional
  • Fireplace: No
  • Wall Ceiling Types: High
  • Entry Location: Floors 6-10
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 754
  • Living Area Sq Ft: 754
  • Price Per Sq Ft: 515.92
  • Above Grade Finished Sq Ft: 754
  • Above Grade Finished Area Units: Square Feet

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: Combination
  • Pool Private: No
  • View: Garden/Lawn
  • View: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Public

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Desk In Lobby, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Fiber Optics Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 577.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Fiber Optics At Dwelling, Management, Insurance, Reserve Funds, Sewer, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site, Professional - On-Site
  • HOA Condo Co-Op Rules: Covenants, Elevator Use, Moving Fees Required, Moving In Times
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School: THOMSON
  • High School: DUNBAR SENIOR
  • Middle Or Junior School: JEFFERSON MIDDLE SCHOOL ACADEMY

Lot Info

  • Improvement Assessed Value: 300500.00
  • Land Assessed Value: 128780.00
  • Property Attached Yn: Yes
  • Property Condition: Very Good
  • Soil Types: Urban Land Not Rated
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16142161
  • Tax Annual Amount: 3579.00
  • Assessor Parcel Number: 0455//2135
  • Tax Lot: 2135
  • Tax Year: 2015

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2016
Closed on
Jul 5, 2016
Sold by
Vacanti Victor L
Bought by
Ross David T
Seller's Agent
Lou Costanza
Chatel Real Estate, Inc.
Buyer's Agent
Nate Guggenheim
Washington Fine Properties, LLC
List Price
$389,000
Sold Price
$419,000
Premium/Discount to List
$30,000
7.71%
Current Estimated Value
$372,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,321
Avg. Annual Appreciation
-1.20%
Original Mortgage
$398,050
Outstanding Balance
$316,493
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$56,186
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ross David T $419,000 Paragon Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross David T $398,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2016 07/18/16 Sold $419,000 +7.7% $556 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
06/12/2016 06/12/16 For Sale $389,000 -- $516 / Sq Ft
Source: Bright MLS

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 $2,593 $410,550 $123,160 $287,390
2024 $2,803 $432,000 $129,600 $302,400
2023 $2,896 $439,390 $131,820 $307,570
2022 $3,031 $449,040 $134,710 $314,330
2021 $3,072 $451,010 $135,300 $315,710
2020 $3,183 $450,120 $135,040 $315,080
2019 $3,150 $445,450 $133,630 $311,820
2017 $3,198 $448,740 $0 $0
2016 $3,649 $429,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lou Costanza

    Seller's Agent in 2016

    Lou Costanza

    Chatel Real Estate, Inc.

    (202) 483-0711

    45 Total Sales

    Lou Costanza
    Section Image

  • P

    Seller Co-Listing Agent in 2016

    Peter Chan

    Chatel Real Estate Company

    (202) 276-3251

    32 Total Sales

    Peter Chan
    Section Image
  • Nate Guggenheim

    Buyer's Agent in 2016

    Nate Guggenheim

    Washington Fine Properties

    (202) 333-5905

    1 in this area

    451 Total Sales

    Nate Guggenheim
    Section Image
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About Residences at Gallery Place

Map

Source: Bright MLS

MLS Number: 1001369731

Bright MLS

APN: 0455-2135

District of Columbia District of Columbia County Washington 20001 Penn Quarter

777 7th St NW Unit 921, Washington, DC

Not Listed for Sale

Condos

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