NOT LISTED FOR SALE

Velocity Condominiums 1025 1st St SE Unit 203 Washington, DC 20003

Navy Yard Neighborhood

Estimated Value: $585,000 - $649,000

2 Beds
2 Baths
1,029 Sq Ft
$588/mo HOA Fee

Last Sold July 17, 2023

Last sale price $620,000 $603 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,259/month

12 Days on Market

Highlights

  • Concierge
  • 3-minute walk to Navy Yard
  • Open Floorplan
  • Fitness Center
  • Eat-In Gourmet Kitchen
  • 4-minute walk to Washington Canal Park

About This Home

As of July 2023

Large 1 bed + den, 2 full bath condo is ready for its next owner to join the Velocity community. No other surrounding building floor plan compares!

This sun-soaked home offers a south-facing wall of floor-to-ceiling windows and an expansive entertaining space. Windows are tinted argon glass which acts as a one way mirror- look out but you can't see in. They are also energy efficient and block outside noise. The kitchen includes ample cabinet space to house all the kitchen gadgets, stainless steel appliances and a breakfast bar. A nook off the kitchen allows space for a dining room table or desk for anyone working from home. The den had always been used as a second bedroom with plenty of space. Go with a tankless water heater and free up an extra large closet. King-size bedroom offering large dual custom closets and ensuite bath.

The unit is a great option for pet owners. Skip the long wait for the elevator and go down one flight of stairs for quick access to the outside. Hardwood flooring is in pristine condition, newer HVAC and carpet in the bedroom. Low condo fee considering all the amenities! All building amenities have been updated, including a huge gym with a peloton and all new gym equipment, stylish meeting room, dog washing station, courtyard with multiple grill stations, lounge areas, waterfall and bocce court. Grill out or swim on the rooftop pool while admiring monument views and DC sunsets. Ask the listing agent about assigned rental parking available.

Metro, Whole Foods, Nats Park, dining and shopping all outside the front door! Assigned rental parking available.

Last Agent to Sell the Property

Anna-Louisa Yon

(301) 461-3701 annalouisa.yon@compass.com Compass Listed on: 06/01/2023

Compass

Last Buyer's Agent

Eddie Rangel

(202) 525-6499 eddie.rangel@compass.com Compass License #SP98362303

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,307

Year Built

  • Built in 2009

Lot Details

  • 131

HOA Fees

  • $588 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 2nd floor

Interior Spaces

  • 1,029 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Window Treatments
  • Dining Area
  • Den
  • Wood Flooring

Kitchen

  • Eat-In Gourmet Kitchen
  • Electric Oven or Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Exterior Lighting

Listing and Financial Details

  • Assessor Parcel Number 0699/N/2008

Community Details

Overview

  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, insurance, management, pool(s), reserve funds, sewer, snow removal, trash
  • High-Rise Condominium
  • Old City #1 Community
  • Navy Yard Subdivision

Amenities

  • Concierge
  • Meeting Room
  • Party Room

Recreation

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,307

Year Built

Built in 2009

Lot Details

0

HOA Fees

$588 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2009
  • Automatically Close On Close Date: No
  • Remarks Public: Large 1 bed + den, 2 full bath condo is ready for its next owner to join the Velocity community. No other surrounding building floor plan compares! This sun-soaked home offers a south-facing wall of floor-to-ceiling windows and an expansive entertaining space. Windows are tinted argon glass which acts as a one way mirror- look out but you can't see in. They are also energy efficient and block outside noise. The kitchen includes ample cabinet space to house all the kitchen gadgets, stainless steel appliances and a breakfast bar. A nook off the kitchen allows space for a dining room table or desk for anyone working from home. The den had always been used as a second bedroom with plenty of space. Go with a tankless water heater and free up an extra large closet. King-size bedroom offering large dual custom closets and ensuite bath. The unit is a great option for pet owners. Skip the long wait for the elevator and go down one flight of stairs for quick access to the outside. Hardwood flooring is in pristine condition, newer HVAC and carpet in the bedroom. Low condo fee considering all the amenities! All building amenities have been updated, including a huge gym with a peloton and all new gym equipment, stylish meeting room, dog washing station, courtyard with multiple grill stations, lounge areas, waterfall and bocce court. Grill out or swim on the rooftop pool while admiring monument views and DC sunsets. Ask the listing agent about assigned rental parking available. Metro, Whole Foods, Nats Park, dining and shopping all outside the front door! Assigned rental parking available.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Front Loading, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Washer/Dryer Stacked
  • Entry Floor: 2
  • Flooring Type: Wood
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Primary Bath(s), Stall Shower, Tub Shower, Walk-In Closet(s), Window Treatments, Wood Floors
  • Levels Count: 1
  • Room List: Den
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1029
  • Living Area Sq Ft: 1029
  • Price Per Sq Ft: 597.67
  • Above Grade Finished Sq Ft: 1029
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1025

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 588.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Fitness Center, Meeting Room, Party Room, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds, Sewer, Snow Removal, Trash
  • HOA: No
  • Senior Community: No

Schools

  • School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
  • School District Key: 121140357950
  • School District Source: Listing Agent

Lot Info

  • Soil Types: Urban Land Not Rated
  • Zoning: R
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4307.00
  • Assessor Parcel Number: 0699/N/2008
  • Tax Year: 2022
  • Close Date: 07/17/2023

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
Jul 14, 2023
Sold by
Finley Patrick T and Drew Danielle N
Bought by
Martin Derek
Seller's Agent
Anna-Louisa Yon
Compass
Buyer's Agent
Eddie Rangel
Compass
List Price
$625,000
Sold Price
$620,000
Premium/Discount to List
-$5,000
-0.8%
Views
42
Current Estimated Value
$614,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,403
Avg. Annual Appreciation
-0.39%
Original Mortgage
$525,000
Outstanding Balance
$512,289
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$102,308

Purchase Details

Listed on
Jan 23, 2013
Closed on
Feb 28, 2013
Sold by
Sq 699N Phase I Developer Llc
Bought by
Finley Patrick T and Drew Danielle N
Seller's Agent
Chris Blakemore
McWilliams/Ballard Inc.
Buyer's Agent
Joshua Oliver
Samson Properties
List Price
$454,900
Sold Price
$450,000
Premium/Discount to List
-$4,900
-1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%
Original Mortgage
$417,000
Interest Rate
3.43%
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
Martin Derek $620,000 Westcor Land Title Insurance C
Finley Patrick T $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Derek $525,000
Previous Owner Finley Patrick T $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2023 07/17/23 Sold $620,000 +0.8% $603 / Sq Ft
06/08/2023 06/08/23 Price Changed $615,000 -1.6% $598 / Sq Ft
06/01/2023 06/01/23 For Sale $625,000 +38.9% $607 / Sq Ft
03/02/2013 03/02/13 Sold $450,000 -1.1% $437 / Sq Ft View Prior Sale
02/07/2013 02/07/13 Pending -- -- --
01/23/2013 01/23/13 For Sale $454,900 -- $442 / 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 $5,069 $611,480 $183,440 $428,040
2023 $4,283 $602,630 $180,790 $421,840
2022 $4,307 $599,220 $179,770 $419,450
2021 $4,236 $587,970 $176,390 $411,580
2020 $4,203 $570,200 $171,060 $399,140
2019 $4,642 $546,090 $163,830 $382,260
2018 $4,451 $523,620 $0 $0
2017 $4,359 $512,850 $0 $0
2016 $4,048 $476,270 $0 $0
2015 $4,150 $488,200 $0 $0
2014 -- $449,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anna-Louisa Yon

    Seller's Agent in 2023

    Anna-Louisa Yon

    Compass

    (301) 461-3701

    25 in this area

    131 Total Sales

    Anna-Louisa Yon
    Section Image
  • Eddie Rangel

    Buyer's Agent in 2023

    Eddie Rangel

    Compass

    (202) 525-6499

    2 in this area

    68 Total Sales

    Eddie Rangel
    Section Image
  • Chris Blakemore

    Seller's Agent in 2013

    Chris Blakemore

    McWilliams/Ballard Inc.

    (703) 338-9014

    55 Total Sales

    Chris Blakemore
    Section Image
  • Joshua Oliver

    Buyer's Agent in 2013

    Joshua Oliver

    Samson Properties

    (202) 368-1636

    34 Total Sales

    Joshua Oliver
    Section Image
See All Agents

About Velocity Condominiums

Map

Source: Bright MLS

MLS Number: DCDC2098568

Bright MLS

APN: 0699N-2008

District of Columbia District of Columbia County Washington 20003 Navy Yard

1025 1st St SE Unit 203, Washington, DC

This home is located at 1025 1st St SE Unit 203, Washington, DC 20003 since 01 June 2023 and is currently estimated at $614,597, approximately $597 per square foot. This property was built in 2009. 1025 1st St SE Unit 203 is a home located in District of Columbia with nearby schools including Van Ness Elementary School, Jefferson Middle School Academy, and Eastern High School.

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