NOT LISTED FOR SALE

Estimated Value: $382,000 - $401,000

2 Beds
1 Bath
900 Sq Ft
$557/mo HOA Fee

Last Sold July 16, 2018

Last sale price $480,000 $533 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $2,991/month

56 Days on Market

Highlights

  • Concierge
  • 24-Hour Security
  • Contemporary Architecture
  • Fitness Center
  • Private Pool
  • 2-minute walk to 3rd & I Street Park

About This Home

As of July 2018

Great 1BR+DEN/BR unit at Potomac Place. It offers an open concept floor plan w/ample closet space, & outdoor balcony. It also include an assigned parking space, & storage unit. The building offers 24 hour concierge service, two gyms, a business center, a community room, & an outdoor pool. This convenient location is close to the Wharf, Metro, Arena Stage, Capitol Hill, National Stadium,......

Last Agent to Sell the Property

Reone Brown

Realty Pros Listed on: 05/04/2018

Last Buyer's Agent

Karen Vermeulen

RE/MAX Distinctive License #0225238961

RE/MAX Distinctive

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,973

Year Built

  • Built in 1959

Lot Details

  • West Facing Home
  • Property is in very good condition

HOA Fees

  • $557 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 900 Sq Ft Home
  • Property has 1 Level
  • Traditional Floor Plan

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Home Security

  • Exterior Cameras
  • Monitored

Parking

  • Parking Space Number Location: T-66
  • 1 Assigned Parking Space

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Private Pool

Listing and Financial Details

  • Tax Lot 2705
  • Assessor Parcel Number 0540//2705

Community Details

Overview

  • Moving Fees Required
  • Association fees include air conditioning, custodial services maintenance, electricity, exterior building maintenance, gas, heat, lawn maintenance, management, insurance, parking fee, reserve funds, sewer
  • Mid-Rise Condominium
  • Potomac Place Towers Community
  • Waterfront Subdivision

Amenities

  • Concierge
  • Community Center
  • Meeting Room
  • Party Room

Recreation

Pet Policy

  • Pets Allowed

Security

  • 24-Hour Security
  • Front Desk in Lobby
  • Resident Manager or Management On Site
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,973

Year Built

Built in 1959

Lot Details

0

HOA Fees

$557 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1959
  • Remarks Public: Great 1BR+DEN/BR unit at Potomac Place. It offers an open concept floor plan w/ample closet space, & outdoor balcony. It also include an assigned parking space, & storage unit. The building offers 24 hour concierge service, two gyms, a business center, a community room, & an outdoor pool. This convenient location is close to the Wharf, Metro, Arena Stage, Capitol Hill, National Stadium,......
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Energy Star Refrigerator, Microwave, Oven - Self Cleaning, Oven/Range - Gas
  • Interior Amenities: Breakfast Area, Floor Plan - Traditional
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 555.44
  • Above Grade Finished Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 800

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Parking Space Number Assigned: T-66

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Desk In Lobby, Exterior Cameras, Main Entrance Lock, Monitored, Resident Manager, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 557.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Community Center, Concierge, Exercise Room, Extra Storage, Fitness Center, Meeting Room, Party Room, Pool - Outdoor, Reserved/Assigned Parking, Security, Storage Bin
  • HOA Condo Co-Op Fee Includes: Air Conditioning, Custodial Services Maintenance, Electricity, Ext Bldg Maint, Gas, Heat, Lawn Maintenance, Management, Insurance, Parking Fee, Reserve Funds, Sewer
  • HOA Condo Co-Op Rules: Moving Fees Required, Pets - Allowed
  • HOA: No
  • Senior Community: No

Schools

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

Green Features

  • Efficiency: Appliances

Lot Info

  • Improvement Assessed Value: 281200.00
  • Land Assessed Value: 120520.00
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Year Assessed: 2017
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16150224
  • Tax Annual Amount: 1973.06
  • Assessor Parcel Number: 0540//2705
  • Tax Lot: 2705
  • Tax Total Finished Sq Ft: 897
  • Tax Year: 2017
  • Close Date: 07/16/2018

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2018
Closed on
Jul 16, 2018
Sold by
Jetton Christopher Michael and Whitty Britni A
Bought by
Balasubramanian Karthik and Rohmer Ashton
Seller's Agent
Reone Brown
Realty Pros
Buyer's Agent
Karen Vermeulen
RE/MAX Distinctive
List Price
$499,900
Sold Price
$480,000
Premium/Discount to List
-$19,900
-3.98%
Total Days on Market
56
Current Estimated Value
$390,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$89,367
Avg. Annual Appreciation
-2.95%

Purchase Details

Closed on
Oct 5, 2012
Sold by
Potomac Place Associates Llc
Bought by
Jetton Christopher M and Whitty Britni A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,877
Interest Rate
3.59%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Balasubramanian Karthik $480,000 Federal Title & Escrow Co
Jetton Christopher M $338,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Balasubrmanian Karthik $318,350
Closed Balasubramanian Karthik $360,000
Previous Owner Jetton Christopher Michael $312,000
Previous Owner Jetton Christopher M $331,877
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2018 07/16/18 Sold $480,000 -4.0% $533 / Sq Ft
06/29/2018 06/29/18 Pending -- -- --
06/22/2018 06/22/18 For Sale $499,900 +4.1% $555 / Sq Ft
06/08/2018 06/08/18 Off Market $480,000 -- --
05/04/2018 05/04/18 For Sale $499,900 -- $555 / 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 $2,887 $441,920 $132,580 $309,340
2023 $3,026 $454,750 $136,420 $318,330
2022 $3,079 $454,660 $136,400 $318,260
2021 $3,025 $445,530 $133,660 $311,870
2020 $2,998 $428,450 $128,530 $299,920
2019 $2,879 $413,590 $124,080 $289,510
2018 $2,705 $401,720 $0 $0
2017 $2,466 $383,770 $0 $0
2016 $1,799 $336,230 $0 $0
2015 $1,298 $325,850 $0 $0
2014 $796 $304,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000488764

Bright MLS

APN: 0540-2705