NOT LISTED FOR SALE

Estimated Value: $438,157 - $452,000

1 Bed
1 Bath
692 Sq Ft
$584/mo HOA Fee

Last Sold August 31, 2023

Last sale price $475,000 $686 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $3,199/month

43 Days on Market

Highlights

  • Fitness Center
  • Colonial Architecture
  • Upgraded Countertops
  • Open Floorplan
  • Wood Flooring
  • 4-minute walk to William Erasmus Wainwright Park

About This Home

As of August 2023

Welcome home to Madrigal Lofts! Step inside and you’ll love how bright and open this modern industrial unit is! Gorgeous wood floors lead you into the living room, where a contemporary ceiling fan and large windows flooding the space with natural light. The adjacent kitchen features stainless steel appliances, granite countertops, wood cabinets and a stunning butcher block island (on wheels). The spacious loft bedroom has soft carpeting, a wide closet, and a second ceiling fan. The full bathroom includes beautiful wood cabinetry, added modern shelving, a large vanity, and ceramic tile shower surround. With a private washer and dryer in the unit, you won’t have to worry about sharing a communal laundry room. Plenty of closet space throughout the condo. The sliding door opens to the Juliet balcony for a breath of fresh air. Head up to the rooftop patio and enjoy the city view, with plenty of outdoor seating and grills to enjoy all season long! Assigned garage parking and private storage included. Condo fee covers utilities except electricity. This unit is conveniently located near everything you could ask for! Minutes to Safeway, Giant, Walmart, Founding Farmers, Yardhouse, Chinatown, Penn Quarter, Capital One Arena, Ford’s Theatre, Walter E. Washington Convention Center, the National Mall, Navy Yard, and The Wharf. Quick access to Metro Center, Gallery Place-Chinatown Metro Station, Archives-Navy Memorial-Penn Quarter Metro Station, Massachusetts Avenue, New York Avenue, K Street, North Capitol Street, and I-395. Seller will consider a VA loan assumption (2.25% rate) for a VA buyer with remaining entitlement and a strong offer, at the seller's discretion. Come check out your new home today!

Last Agent to Sell the Property

Erin Jones

(703) 249-9833 erinkjones@kw.com KW Metro Center License #SP98379874 Listed on: 06/01/2023

KW Metro Center

Last Buyer's Agent

Candy Miles-Crocker

(202) 669-1924 candy@longandfoster.com Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,842

Year Built

  • Built in 2007

Lot Details

  • 87

HOA Fees

  • $584 Monthly HOA Fees

Parking

  • Assigned parking located at #P1-40

Home Design

  • Colonial Architecture
  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 692 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Living Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Level Entry For Accessibility

Schools

  • Walker-Jones Elementary School
  • Dunbar High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Property is in very good condition

Listing and Financial Details

  • Tax Lot 2298
  • Assessor Parcel Number 0528//2298

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, trash, sewer, water, insurance, gas
  • High-Rise Condominium
  • Old City 2 Community
  • Madrigal Lofts Subdivision

Amenities

Recreation

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,842

Year Built

Built in 2007

Lot Details

0

HOA Fees

$584 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Colonial
  • Accessibility Features: Elevator, Level Entry - Main
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-06-01
  • Federal Flood Zone: No
  • Year Built: 2007
  • Assigned Parking Space Numbers: P1-40
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer
  • Entry Floor: 1
  • Interior Amenities: Kitchen - Table Space, Kitchen - Eat-In, Upgraded Countertops, Floor Plan - Open, Kitchen - Island, Wood Floors
  • Fireplace: No
  • Levels Count: 1
  • Room List: Living Room, Kitchen, Bedroom 1, Bathroom 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 692
  • Living Area Sq Ft: 692
  • Price Per Sq Ft: 686.42
  • Above Grade Finished Sq Ft: 692
  • 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, Below Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Assigned
  • Garage Features: Underground
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 583.74
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Exercise Room, Extra Storage, Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Trash, Sewer, Water, Insurance, Gas
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: WALKER-JONES
  • High School: DUNBAR

Lot Info

  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Soil Types: Unknown
  • Zoning: UNKNOWN
  • In City Limits: Yes

Rental Info

  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3842.00
  • Assessor Parcel Number: 0528//2298
  • Tax Lot: 2298
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Aug 28, 2023
Sold by
Ryan Teressa M
Bought by
Karass Nevine
Seller's Agent
Erin Jones
KW Metro Center
Buyer's Agent
Candy Miles-Crocker
Compass
List Price
$475,000
Sold Price
$475,000
Views
39
Current Estimated Value
$443,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,461
Avg. Annual Appreciation
-2.84%
Original Mortgage
$427,500
Outstanding Balance
$416,676
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$26,863

Purchase Details

Listed on
Nov 6, 2018
Closed on
Apr 22, 2019
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ryan Teressa M and Ryan Philip E
Seller's Agent
Sharrod Robertson
Greenland Realty, LLC
Buyer's Agent
Erin Jones
KW Metro Center
List Price
$467,900
Sold Price
$410,500
Premium/Discount to List
-$57,400
-12.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%
Original Mortgage
$379,983
Interest Rate
4.1%
Mortgage Type
VA

Purchase Details

Closed on
Jul 24, 2018
Sold by
Rosenberg Diane S and Isaac Hatie
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 21, 2008
Sold by
Madrigal Condo Llc
Bought by
Isaac Ronnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,500
Interest Rate
6.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Karass Nevine $475,000 Kvs Title
Ryan Teressa M $410,500 Universal Title
Federal Home Loan Mortgage Corporation $378,000 None Available
Isaac Ronnie $445,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karass Nevine $427,500
Previous Owner Ryan Teressa M $379,983
Previous Owner Isaac Ronnie $400,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2023 08/31/23 Sold $475,000 0.0% $686 / Sq Ft
07/15/2023 07/15/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $475,000 +15.7% $686 / Sq Ft
04/26/2019 04/26/19 Sold $410,500 -1.1% $593 / Sq Ft View Prior Sale
03/21/2019 03/21/19 Pending -- -- --
02/19/2019 02/19/19 Price Changed $414,900 -2.4% $600 / Sq Ft
02/05/2019 02/05/19 Price Changed $424,900 -3.4% $614 / Sq Ft
01/19/2019 01/19/19 Price Changed $439,900 -2.2% $636 / Sq Ft
01/05/2019 01/05/19 Price Changed $449,900 -2.2% $650 / Sq Ft
12/26/2018 12/26/18 Price Changed $459,900 -1.7% $665 / Sq Ft
11/06/2018 11/06/18 For Sale $467,900 -- $676 / 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 $3,827 $465,930 $139,780 $326,150
2024 $3,887 $472,420 $141,730 $330,690
2023 $3,853 $468,040 $140,410 $327,630
2022 $3,842 $465,820 $139,750 $326,070
2021 $3,740 $453,300 $135,990 $317,310
2020 $3,797 $446,660 $134,000 $312,660
2019 $3,750 $441,210 $132,360 $308,850
2017 $3,712 $436,690 $0 $0
2016 $3,594 $422,870 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DCDC2095722

Bright MLS

APN: 0528-2298