NOT LISTED FOR SALE

Estimated Value: $255,488 - $393,000

-- Bed
1 Bath
575 Sq Ft
$617/mo HOA Fee

Last Sold March 11, 2024

Last sale price $290,000 $504 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,480/month

36 Days on Market

Highlights

  • Concierge
  • 5-minute walk to Waterfront-Seu
  • Community Pool
  • Fitness Center
  • Midcentury Modern Architecture
  • 3-minute walk to 3rd & I Street Park

About This Home

As of March 2024

ASK ABOUT FINANCING THIS CONDO AT 5.5%! New Year...New Condo. Welcome to home to Potomac Place Tower. Newly renovated and ready for the next owner, this well-appointed studio unit glistens with its modern finishes and touches. Did I mention all utilities are included in the condo fee? How about the two gyms, outdoor pool, community room, business center, and concierge included as well. Enjoy the fresh air and view on your private balcony. Have a car? You're covered here too with your own dedicated off-street space. Conveniently located close to the wharf and only a ten-minute walk to the Federal Center Metro, this is a must-see. Fulfill your New Year resolution right now and ask for a tour today.

Last Agent to Sell the Property

Jason Secrest

(703) 650-9436 jason.secrest@cbmove.com Coldwell Banker Realty - Washington License #ABR004438 Listed on: 01/16/2024

Coldwell Banker Realty - Washington

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,853

Year Built

  • Built in 1959 | Remodeled in 2024

Lot Details

  • 218

HOA Fees

  • $617 Monthly HOA Fees

Parking

  • 1 Off-Street Space

Home Design

  • Midcentury Modern Architecture
  • Entry on the 7th floor
  • Brick Exterior Construction

Interior Spaces

  • 1 Full Bathroom
  • 575 Sq Ft Home
  • Property has 1 Level

Schools

  • Amidon-Bowen Elementary School
  • Jefferson Middle School Academy
  • Wilson Senior High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • 90% Forced Air Heating System

Additional Features

  • Accessible Elevator Installed
  • Property is in excellent condition

Listing and Financial Details

  • Tax Lot 2798
  • Assessor Parcel Number 0540//2798

Community Details

Overview

  • Association fees include water, electricity, heat, gas
  • High-Rise Condominium
  • Potomac Place Tower Condos
  • Waterfront Sw Rla Subdivision

Amenities

  • Concierge
  • Doorman
  • Community Center
  • Recreation Room
  • Laundry Facilities

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,853

Year Built

Built in 1959 | Remodeled in 2024

Lot Details

0

HOA Fees

$617 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Mid-Century Modern
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-01-17
  • Federal Flood Zone: No
  • Year Built: 1959
  • Year Renovated: 2024
  • Automatically Close On Close Date: No
  • Remarks Public: ASK ABOUT FINANCING THIS CONDO AT 5.5%! New Year...New Condo. Welcome to home to Potomac Place Tower. Newly renovated and ready for the next owner, this well-appointed studio unit glistens with its modern finishes and touches. Did I mention all utilities are included in the condo fee? How about the two gyms, outdoor pool, community room, business center, and concierge included as well. Enjoy the fresh air and view on your private balcony. Have a car? You're covered here too with your own dedicated off-street space. Conveniently located close to the wharf and only a ten-minute walk to the Federal Center Metro, this is a must-see. Fulfill your New Year resolution right now and ask for a tour today.
  • Washer Dryer Hookups YN: No
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 7
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Total Sq Ft: 575
  • Living Area Sq Ft: 575
  • Price Per Sq Ft: 520.87
  • Above Grade Finished Sq Ft: 575
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 800

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Security: Doorman
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 616.60
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Potomac Place Tower
  • HOA Condo Co-Op Amenities: Fitness Center, Concierge, Community Center, Recreational Center
  • HOA Condo Co-Op Fee Includes: Water, Electricity, Heat, Gas
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • Elementary School: AMIDON-BOWEN
  • Middle School: JEFFERSON MIDDLE SCHOOL ACADEMY
  • High School: WILSON SENIOR
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121140357950
  • School District Source: 3rd Party
  • Elementary School: AMIDON-BOWEN
  • High School: WILSON SENIOR
  • Middle Or Junior School: JEFFERSON MIDDLE SCHOOL ACADEMY

Lot Info

  • Property Condition: Excellent
  • Soil Types: Chillum-Urban Land Complex
  • Year Assessed: 2022
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 2853.00
  • Assessor Parcel Number: 0540//2798
  • Tax Lot: 2798
  • Tax Total Finished Sq Ft: 575
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 03/11/2024

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2024
Closed on
Mar 11, 2024
Sold by
Kennedy Family Trust and Kennedy David Roger
Bought by
White Bailey Nicole
Seller's Agent
Jason Secrest
Coldwell Banker Realty - Washington
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$299,999
Sold Price
$290,000
Premium/Discount to List
-$9,999
-3.33%
Views
205
Current Estimated Value
$309,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,122
Avg. Annual Appreciation
4.02%
Original Mortgage
$281,300
Outstanding Balance
$276,630
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$32,492

Purchase Details

Closed on
Oct 1, 2019
Sold by
Kennedy David R
Bought by
Kennedy David Roger and Kennedy Barbara Noe

Purchase Details

Listed on
Jan 9, 2013
Closed on
Mar 28, 2013
Sold by
Aervitz Irina
Bought by
Kennedy David R
Seller's Agent
Yovi Sever
Fraser Forbes Company, LLC
Buyer's Agent
Lisi Clark
Long & Foster Real Estate, Inc.
List Price
$258,900
Sold Price
$256,000
Premium/Discount to List
-$2,900
-1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.51%
Original Mortgage
$204,800
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2009
Sold by
Montague Rielle
Bought by
Aervitz Irina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,459
Interest Rate
5.18%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 2008
Sold by
Potomac Place Associates
Bought by
Montague Rtelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,600
Interest Rate
5.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
White Bailey Nicole $290,000 Marble Title & Escrow
Kennedy David Roger -- None Available
Kennedy David R $256,000 --
Aervitz Irina $189,900 --
Montague Rtelle $257,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Bailey Nicole $281,300
Previous Owner Kennedy David R $204,800
Previous Owner Aervitz Irina $186,459
Previous Owner Montague Rtelle $205,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2024 03/11/24 Sold $290,000 -3.2% $504 / Sq Ft
01/16/2024 01/16/24 Price Changed $299,500 -0.2% $521 / Sq Ft
01/16/2024 01/16/24 For Sale $299,999 +17.2% $522 / Sq Ft
03/28/2013 03/28/13 Sold $256,000 -1.1% $445 / Sq Ft View Prior Sale
02/04/2013 02/04/13 Pending -- -- --
01/30/2013 01/30/13 For Sale $258,900 0.0% $450 / Sq Ft
01/16/2013 01/16/13 Pending -- -- --
01/09/2013 01/09/13 For Sale $258,900 -- $450 / 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 $2,753 $339,110 $101,730 $237,380
2023 $2,829 $347,580 $104,270 $243,310
2022 $2,853 $349,420 $104,830 $244,590
2021 $2,804 $343,190 $102,960 $240,230
2020 $2,827 $332,600 $99,780 $232,820
2019 $2,699 $317,570 $95,270 $222,300
2018 $2,623 $308,530 $0 $0
2017 $2,479 $291,690 $0 $0
2016 $2,183 $256,810 $0 $0
2015 $2,112 $248,420 $0 $0
2014 $1,376 $232,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2124170

Bright MLS

APN: 0540-2798