22 days on rocket

525 Water St SW Unit 221, Washington, DC, 20024

$539,000

Home List Price

$6,401*

Closing Credit

1 Bedroom
1 Full Bath
656 SqFt
$822/SqFt
Condo

Location

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525 Water St SW Unit 221, Washington$539,000

Buyer Closing Credits

$6,401*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingUnderground, Assigned, Parking Garage
Garage1 space
Year Built2016
HeatingCentral
CoolingCentral Air
MLS #DCDC2168594
StatusActive
(ACTIVE)

About 525 Water St SW Unit 221

This stylish one-bedroom, one-bath condo is located at the south end of The Wharf, the city's latest entertainment and dining destination, boasting dozens of restaurants, shops, hotels, and more. The one-of-a-kind 656 sq. ft. unit is deeded with and will be sold to include one secured, underground parking spot. Opened in 2016 and built by luxury real estate firm Hoffman & Associates, the unit features a private entrance, a small landing at the top of the outside stairs, 10-foot ceilings, and a juliette balcony. It features quartz countertops throughout, three spacious closets as well as a laundry closet, hardwood floors in the entryway, kitchen, and living room, a carpeted hall and bedroom leading finally to a stone floor in the bathroom, which includes a full size bathtub. The unit is outfitted with a suite of Bosch brand appliances as well as a brand new GE refrigerator. 525 Water offers valuable amenities including concierge service and onsite management, a fitness center, a residents' lounge, and a serene courtyard and grilling area. The building welcomes furry friends and has limited rental restrictions. You'll enjoy the convenience of being just a block away from the Waterfront Metro and a stone's throw from The Wharf, where you'll find a mix of historic charm and modern amenities. Explore the Navy Yard, Nationals Park, concerts at The Anthem, and enjoy the thriving shopping and business scene.

Property Details

Property Features

Property Information:

  • Architectural Style: Art Deco
  • Year Built: 2016
  • Living Area: 656 SqFt

Listing Office:

  • Office Name: Smart Realty, LLC.
  • Office Phone: (301) 478-4032
  • Listing Agent: TERENCE S KING

Interior Features

Interior Information:

  • Appliances: Microwave, Range, Cooktop, Dishwasher, Disposal, Dryer, Ice Maker, Intercom, Oven, Stainless Steel Appliances, Washer
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • Exterior: BBQ Grill, Exterior Lighting, Flood Lights, Other

Parking Information:

  • Garage Space: 1 space
  • Parking: Underground, Assigned, Parking Garage

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 525 Water ST SW

Price Information

Listing Price Info

Price Summary:

  • List Price: $539,000
  • Price Per SqFt: $822/SqFt

Tax Information:

  • Annual Amount: $3,607
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Washington, DC.

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Washington, DC

City

Med. Sold Price

$676K

Med. Price/SqFt

$511

Avg. Days On Market

43

# of Sold Homes

387

525 Water St SW Unit 221 vs Washington

22 DAYS ON ROCKET

-21 Days

$539,000

-$137K Less

$822/SqFt

+$311 More

KEY TAKEAWAY

This property is $137K less than the Median Sold Price and $311/SqFt more than other homes in Washington, DC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #DCDC2168594

Listing Office:

  • Office Name: Smart Realty, LLC.
  • Office Phone: (301) 478-4032
  • Listing Agent: TERENCE S KING

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/5/2024, 8:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,607$500,060
2019$3,570$494,890
2018$3,413$474,900
2017$4,037$474,900

History based on county public records data.

Payment Calculator

$2,758

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,682

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-86355
4
/10

  • Amidon-Bowen Elementary School

  • 401 I St SW

  • 0.29 miles

  • Public District Grades EE-5

school-card-donut-86356
6
/10

  • Van Ness Elementary School

  • 1150 5th St SE

  • 1.16 miles

  • Public District Grades EE-5

school-card-donut-86357
9
/10

  • Brent Elementary School

  • 301 N Carolina Ave SE

  • 1.18 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,348. Typical income of Washington, DC residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 525 Water St SW Unit 221

What is the listing price of this property?

The listing price of 525 Water St SW Unit 221 property is $539,000.

What type of property is this?

The property 525 Water St SW Unit 221 is a condo located in Washington, District of Columbia, 20024.

Is this property for sale now?

Active Listing: 525 Water St SW Unit 221 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,607 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 525 Water St SW Unit 221 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 525 Water St SW Unit 221 is 656 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 525 Water St SW Unit 221 is 2016.

Rocket Homes›District of Columbia›Washington›20024›525 Water St SW Unit 221

This home is located at 525 Water St SW Unit 221 in Washington, DC and zip code 20024 in the Southwest Waterfront / Fort McNair / Buzzard Point neighborhood. This 656 square foot home was built in 2016. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $539,000.

While more than 85 listings in Washington, DC in November 2024 were sold above asking price, there were more than 83 listings sold at asking price, and more than 219 were sold below. The number of listings in Washington, DC increased by 4.8% between October 2024 and November 2024. In November 2024 median list price was $676,027 and the average listing age was 43 days.

From Rocket Homes Real Estate and based on county public records data.

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