Seller's Agent in 2024
Anna-Louisa Yon
Compass
(301) 461-3701
25 in this area
131 Total Sales
Velocity Condominiums 1025 1st St SE Unit 1006 Washington, DC 20003
Navy Yard NeighborhoodEstimated Value: $788,000 - $890,000
2
Beds
2
Baths
1,350
Sq Ft
$886/mo
HOA Fee
Highlights
- Concierge
- 3-minute walk to Navy Yard
- Open Floorplan
- Bar or Lounge
- Fitness Center
- 4-minute walk to Washington Canal Park
About This Home
As of October 2024Welcome to this stunning 2 bedroom, 2 bathroom condo in the coveted Velocity building.
Boasting two bedrooms and two updated bathrooms, this spacious residence spans an impressive 1350 square feet, offering a comfortable and contemporary living experience. Step inside and be instantly captivated by the open concept design, allowing for seamless flow and ample natural light throughout the home. The expansive kitchen is a chef's dream, featuring newer stainless-steel appliances, an eat-in kitchen island, and an abundance of storage space. The generous layout also allows for a large dining table. Every room in this condo is adorned with electric custom shades, adding a touch of modern elegance and ensuring privacy at the touch of a button. Additionally, the unit boasts a private balcony, where you can relax and unwind while enjoying the bustling city views.
But the allure of this property extends beyond its interior. Take advantage of the incredible amenities offered, including a rooftop deck with a heated pool. In addition to the incredible features of this condo, residents of this building can indulge in an array of exceptional amenities. The community meeting room boasts a chef's kitchen, perfect for hosting gatherings and culinary events. Whether you're honing your cooking skills or enjoying a delicious meal with friends, this space is sure to impress. Stay active n the large gym, flooded with natural light and equipped with updated exercise equipment. Families with young children will appreciate the dedicated kids’ playroom, providing a safe and engaging space for little ones to explore and play. For those with furry friends, the dog wash station is a convenient and thoughtful addition.
Situated in a prime location, this condo boasts a remarkable walking score of 95 out of 100, making it a true "walking paradise." With an abundance of amenities and attractions just steps away, you'll have everything you need right at your fingertips. Public transportation options are easily accessible, with the Green, Blue, Orange, and Silver metro lines all within a convenient distance of 0.5 miles or less. For your grocery needs, both Whole Foods and Harris Teeter are a mere 0.2 miles away. Catch a game at the ball park or grab a meal at the many dining options. Immerse yourself in the dynamic energy of this sought-after location, where entertainment, dining, and convenience are all within easy reach
Last Agent to Sell the Property
(301) 461-3701 annalouisa.yon@compass.com Compass Listed on: 09/10/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,787
Year Built
- Built in 2009
Lot Details
- 174
HOA Fees
- $886 Monthly HOA Fees
Parking
- Basement Garage
Home Design
- Contemporary Architecture
- Entry on the 10th floor
Interior Spaces
- 1,350 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Combination Kitchen and Living
- Wood Flooring
Kitchen
- Electric Oven or Range
- Microwave
- Ice Maker
- Dishwasher
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Bathroom
- 2 Full Bathrooms
Laundry
- Front Loading Dryer
- Front Loading Washer
Schools
- Amidon-Bowen Elementary School
- Jefferson Middle School Academy
- Wilson Senior High School
Utilities
- Forced Air Heating and Cooling System
- High-Efficiency Water Heater
Additional Features
- Accessible Elevator Installed
Listing and Financial Details
- Assessor Parcel Number 0699/N/2127
Community Details
Overview
- Association fees include custodial services maintenance, exterior building maintenance, management, insurance, pool(s), reserve funds, sewer, trash
- High-Rise Condominium
- Velocity Condominiums Community
- Navy Yard Subdivision
Amenities
- Concierge
- Meeting Room
- Bar or Lounge
Recreation
Pet Policy
- Dogs and Cats Allowed
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 10, 2024
Closed on
Oct 3, 2024
Sold by
Margaret A Herron Revocable Living Trust and Libonati John
Bought by
Bachmann Peter Owen and Crosswhite Caleb Joseph
Seller's Agent
Anna-Louisa Yon
Compass
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$899,999
Sold Price
$870,000
Premium/Discount to List
-$29,999
-3.33%
Views
19
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,895
Avg. Annual Appreciation
-0.91%
Original Mortgage
$840,963
Outstanding Balance
$832,122
Interest Rate
6.35%
Mortgage Type
FHA
Estimated Equity
$29,983
Purchase Details
Listed on
Sep 5, 2017
Closed on
May 22, 2018
Sold by
Hoeg Hans
Bought by
Herron Margaret A and Libonati John J
Seller's Agent
Chris Burns
TTR Sotheby's International Realty
Buyer's Agent
Jennifer Touchette
Compass
List Price
$870,000
Sold Price
$845,000
Premium/Discount to List
-$25,000
-2.87%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.46%
Purchase Details
Closed on
Jan 31, 2013
Sold by
Sq 699N Phase I Dev Llc
Bought by
Hoeg Hans
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bachmann Peter Owen | $870,000 | Kvs Title | |
| Herron Margaret A | $845,000 | None Available | |
| Hoeg Hans | $638,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bachmann Peter Owen | $840,963 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/04/2024 10/04/24 | Sold | $870,000 | -3.3% | $644 / Sq Ft | |
| 09/10/2024 09/10/24 | For Sale | $899,999 | +6.5% | $667 / Sq Ft | |
| 05/22/2018 05/22/18 | Sold | $845,000 | -2.9% | $589 / Sq Ft | View Prior Sale |
| 09/26/2017 09/26/17 | Pending | -- | -- | -- | |
| 09/06/2017 09/06/17 | For Sale | $870,000 | +3.0% | $606 / Sq Ft | |
| 09/05/2017 09/05/17 | Off Market | $845,000 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $5,787 | $783,060 | $234,920 | $548,140 |
| 2023 | $5,640 | $762,240 | $228,670 | $533,570 |
| 2022 | $5,616 | $753,170 | $225,950 | $527,220 |
| 2021 | $5,553 | $742,910 | $222,870 | $520,040 |
| 2020 | $5,492 | $721,800 | $216,540 | $505,260 |
| 2019 | $5,212 | $687,970 | $206,390 | $481,580 |
| 2018 | $4,984 | $659,710 | $0 | $0 |
| 2017 | $4,882 | $646,830 | $0 | $0 |
| 2016 | $4,485 | $599,320 | $0 | $0 |
| 2015 | $4,863 | $607,870 | $0 | $0 |
| 2014 | -- | $575,590 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Anna-Louisa Yon
-
datacorrect BrightMLS
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
-
Chris Burns
Seller's Agent in 2018
Chris Burns
TTR Sotheby's International Realty
(202) 251-7465
197 Total Sales
-
Jennifer Touchette
Buyer's Agent in 2018
Jennifer Touchette
Compass
(202) 841-7782
1 in this area
168 Total Sales
About Velocity Condominiums
Map
Source: Bright MLS
MLS Number: DCDC2157376
APN: 0699N-2127
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