24 days on rocket

525 Water St SW Unit 321, Washington, DC, 20024

$583,500

Home List Price

$6,929*

Closing Credit

1 Bedroom
1 Full Bath
660 SqFt
$884/SqFt
Condo
Schools Nearby

Location

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525 Water St SW Unit 321, Washington$583,500

Buyer Closing Credits

$6,929*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingCovered Parking, Underground, Concrete Driveway, Assigned, Parking Space Conveys, Paved Parking, Off Street, Parking Garage
Garage1 space
Year Built2016
HeatingHeat Pump
CoolingCentral Air
MLS #DCDC2135366
StatusActive
(ACTIVE)

About 525 Water St SW Unit 321

Welcome to 525 Water St unit 321, where Washington DC's premier waterfront community at The Wharf awaits. Built by renowned developer PN Hoffman, this exquisite one-bedroom, one-bathroom residence with garage parking offers the perfect blend of modern elegance and urban convenience. This unit is the largest available one-bedroom floor plan in the building, featuring two charming Juliet balconies that seamlessly integrate indoor and outdoor living. Upon entering, this residence welcomes you with warm hardwood floors that set an inviting and sophisticated atmosphere. The kitchen is a culinary enthusiast's dream, complete with a large island, sleek stainless steel Bosch appliances, a gas range, and a convection oven to inspire your inner chef. The open floor plan effortlessly connects the kitchen to the living and dining areas, creating a spacious and comfortable environment ideal for entertaining and daily living. The tranquil bedroom retreat boasts ample natural light from floor-to-ceiling windows, along with a changing area and side-by-side closets with generous storage space. Adjacent, a spacious bathroom awaits, equipped with a vanity for convenient storage and Porcelanosa tiling offering a spa-like experience that will help you unwind after a long day. As a resident of 525 Water, you'll enjoy outstanding amenities including concierge service, a fitness studio with state-of-the-art equipment, and a common room for hosting gatherings. Step outside to the well-maintained courtyard oasis, perfect for relaxation, outdoor dining, or socializing with friends around the grill. The sales price of this unit also includes one garaged parking space! Take advantage of The Wharf's prime location, with its vibrant waterfront setting offering a diverse array of dining options, boutique shopping, theaters, and concert venues just steps away. Experience the energetic atmosphere of this thriving community, with cultural excitement awaiting at every turn, and amenities such as Safeway grocery store and the Waterfront Metro stop less than two blocks away. Embrace waterfront living at its finest at 525 Water St.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2016
  • Stories: 1
  • Living Area: 660 SqFt

Listing Office:

  • Office Name: TTR Sotheby's International Realty
  • Office Phone: (202) 234-3344
  • Listing Agent: Leslie Jane Backoff

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Hardwood

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Covered Parking, Underground, Concrete Driveway, Assigned, Parking Space Conveys, Paved Parking, Off Street, Parking Garage

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Eastern High School, Public District Grades 9-12
  • Amidon-Bowen Elementary School, Public District Grades EE-5

Other

Directions Information:

  • Directions: Google

Price Information

Listing Price Info

Price Summary:

  • List Price: $583,500
  • Price Per SqFt: $884/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

$654.1K

Med. Price/SqFt

$511

Avg. Days On Market

37

# of Sold Homes

420

525 Water St SW Unit 321 vs Washington

24 DAYS ON ROCKET

-13 Days

$583,500

-$70.6K Less

$884/SqFt

+$373 More

KEY TAKEAWAY

This property is $70.6K less than the Median Sold Price and $373/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: #DCDC2135366

Listing Office:

  • Office Name: TTR Sotheby's International Realty
  • Office Phone: (202) 234-3344
  • Listing Agent: Leslie Jane Backoff

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: 4/28/2024, 12:10:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 30, 2016Home Sold
$514,900

Tax History

YEARPROP. TAXASSESSMENT
2020$3,607$500,060
2019$3,570$494,890
2018$3,534$489,150
2017$4,158$489,150

History based on county public records data.

Payment Calculator

$2,980

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,816

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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.

Elementary School

school-card-donut-1967380
5
/10

  • Amidon-Bowen Elementary School

  • 401 I St SW

  • 0.28 miles

  • Public District Grades EE-5

High School

school-card-donut-1967381
3
/10

  • Eastern High School

  • 1700 E Capitol St NE

  • 2.42 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,348. Residents of Washington, DC typically earn between $35k-100k each year. Residents typically live in single, no kids family. 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 321

What is the listing price of this property?

The listing price of 525 Water St SW Unit 321 property is $583,500.

What type of property is this?

The property 525 Water St SW Unit 321 is a condo located in Washington, District of Columbia, 20024.

Is this property for sale now?

Active Listing: 525 Water St SW Unit 321 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 525 Water St SW Unit 321 are:
Amidon-Bowen Elementary School: GreatSchools Rating 5/10
Eastern High School: GreatSchools Rating 3/10

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).

When was this property sold last time and for how much?

The last sale was on September 30, 2016 for $514,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 525 Water St SW Unit 321 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 525 Water St SW Unit 321 is 660 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 525 Water St SW Unit 321 is 2016.

Rocket Homes›District of Columbia›Washington›20024›525 Water St SW Unit 321

This home is located at 525 Water St SW Unit 321 in Washington, DC and zip code 20024 in the Southwest Waterfront / Fort McNair / Buzzard Point neighborhood. This 660 square foot home was built in 2016. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $583,500.

Washington, DC housing market in March 2024 saw over 124 listings sold above listed price, more than 119 sold at listed price and over 177 sold below. The number of listings in Washington, DC increased by 6.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 37 days, the median list price was $654,103.

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

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