$3,750,000
SOLD OCT 15, 2024

225 Strand St Unit 501 Alexandria, VA 22314

Old Town Neighborhood
3 Beds
3 Baths
2,800 Sq Ft
$1,276/mo HOA Fee

Recently Sold

$1,339 Per Sq Ft

13% Below List Price

103 Days on Market

Highlights

  • Water Oriented
  • Open Floorplan
  • Wood Flooring
  • Eat-In Gourmet Kitchen
  • Traditional Architecture
  • 1-minute walk to Point Lumley Park

About This Home

As of October 2024

Incredible price improvement. Prepare to be awestruck as you enter this one-of-a-kind penthouse with stunning views from every room. Perched above the Potomac in the heart of historic Old Town, unit 501 is one of just 18 residential units in the highly coveted Watermark. The home features 2800 square feet of absolute perfection with upgrades throughout. The open living room welcomes you with floor to ceiling windows offering views of the Old Town waterfront, National Harbor, and Washington DC. Enjoy cool nights by the fireplace with elegant tile surround, handcrafted mantle and custom built-ins. Watch boats sail by while preparing meals in the open kitchen with Italian cabinetry, quartz countertops, custom tile backsplash and high-end appliances. For casual dining, pull a stool up to the kitchen island or set the table and enjoy the sights outside. For more formal affairs, retreat to the sophisticated dining room overlooking Old Town and the Potomac.
The spacious primary suite is the ultimate retreat with a spa-inspired bathroom, extra large walk-in closet, and separate dressing area. Wake up to beautiful views, get in a workout, indulge in a luxurious bath, reinvigorate with a steam, and fall asleep knowing you get to do it all again tomorrow. The second en-suite bedroom features a custom walk-in closet, full bathroom, views of the Potomac, and patio access. Your guests may not want to leave. Enjoy more views from the third bedroom, currently set up as a home office. Features include pocket doors with frosted glass, a wall of custom built-ins, custom closets, and patio access. For seasonal items, there’s a private storage closet just outside the door. Other highlights of unit 501 include nine foot ceilings, wide plank hardwood floors, custom wainscoting and crown molding, upgraded doors, upgraded tile, water treatment system, automated audio/video in every room, and fresh paint throughout.

Building amenities include a rooftop terrace with two grills and a fire pit, an elegant lobby, fob-required elevator access, and bike storage. Included with this unit are two side-by-side garage parking spaces. Located in the heart of historic Old Town you’re just steps from all the action - shopping, dining, biking, running. Everything you could imagine is just outside your door.

The low condo fees make this an even more exciting offering. Your new home awaits.

Last Agent to Sell the Property

Kerry Adams

Compass License #585973

Compass

Last Buyer's Agent

Stephen Raffaelli

Compass License #sp98377997

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $41,940

Year Built

  • Built in 2020

HOA Fees

  • $1,276 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Masonry

Interior Spaces

  • 2,800 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Recessed Lighting
  • Fireplace Mantel
  • Gas Fireplace
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Soaking Tub

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Home Security

  • Intercom
  • Exterior Cameras

Outdoor Features

  • Water Oriented
  • River Nearby
  • Balcony

Schools

  • Lyles-Crouch Elementary School
  • George Washington Middle School
  • Alexandria City High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Water Treatment System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Assessor Parcel Number 60039860

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, parking fee, reserve funds, trash
  • Mid-Rise Condominium
  • Watermark Condos
  • Watermark Community
  • Old Town Historic Subdivision

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$41,940

Year Built

Built in 2020

Lot Details

0

HOA Fees

$1,276 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Traditional
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: Incredible price improvement. Prepare to be awestruck as you enter this one-of-a-kind penthouse with stunning views from every room. Perched above the Potomac in the heart of historic Old Town, unit 501 is one of just 18 residential units in the highly coveted Watermark. The home features 2800 square feet of absolute perfection with upgrades throughout. The open living room welcomes you with floor to ceiling windows offering views of the Old Town waterfront, National Harbor, and Washington DC. Enjoy cool nights by the fireplace with elegant tile surround, handcrafted mantle and custom built-ins. Watch boats sail by while preparing meals in the open kitchen with Italian cabinetry, quartz countertops, custom tile backsplash and high-end appliances. For casual dining, pull a stool up to the kitchen island or set the table and enjoy the sights outside. For more formal affairs, retreat to the sophisticated dining room overlooking Old Town and the Potomac. The spacious primary suite is the ultimate retreat with a spa-inspired bathroom, extra large walk-in closet, and separate dressing area. Wake up to beautiful views, get in a workout, indulge in a luxurious bath, reinvigorate with a steam, and fall asleep knowing you get to do it all again tomorrow. The second en-suite bedroom features a custom walk-in closet, full bathroom, views of the Potomac, and patio access. Your guests may not want to leave. Enjoy more views from the third bedroom, currently set up as a home office. Features include pocket doors with frosted glass, a wall of custom built-ins, custom closets, and patio access. For seasonal items, there’s a private storage closet just outside the door. Other highlights of unit 501 include nine foot ceilings, wide plank hardwood floors, custom wainscoting and crown molding, upgraded doors, upgraded tile, water treatment system, automated audio/video in every room, and fresh paint throughout. Building amenities include a rooftop terrace with two grills and a fire pit, an elegant lobby, fob-required elevator access, and bike storage. Included with this unit are two side-by-side garage parking spaces. Located in the heart of historic Old Town you’re just steps from all the action - shopping, dining, biking, running. Everything you could imagine is just outside your door. The low condo fees make this an even more exciting offering. Your new home awaits.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal, Dryer - Front Loading, Exhaust Fan, Icemaker, Oven/Range - Gas, Range Hood, Refrigerator, Stainless Steel Appliances, Washer - Front Loading
  • Entry Floor: 3
  • Flooring Type: Hardwood
  • Interior Amenities: Built-Ins, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Primary Bath(s), Recessed Lighting, Bathroom - Soaking Tub, Wainscotting, Walk-In Closet(s), Water Treat System, Wood Floors, Crown Moldings
  • Fireplace Features: Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Foyer, Primary Bathroom
  • Basement: No
  • Total Sq Ft: 2800
  • Living Area Sq Ft: 2800
  • Price Per Sq Ft: 1392.86
  • Above Grade Finished Sq Ft: 2800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 225

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Water Body Name: Potomac
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Covered Parking, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

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: Exterior Cameras, Intercom
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1276.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Watermark
  • HOA Condo Co-Op Amenities: Elevator, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Parking Fee, Reserve Funds, Trash
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: ALEXANDRIA CITY PUBLIC SCHOOLS
  • Elementary School: LYLES-CROUCH
  • Middle School: GEORGE WASHINGTON
  • High School: ALEXANDRIA CITY
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121139111593
  • School District Source: Listing Agent
  • Elementary School: LYLES-CROUCH
  • High School: ALEXANDRIA CITY
  • Middle Or Junior School: GEORGE WASHINGTON

Lot Info

  • Land Use Code: 14
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2024
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 41940.00
  • Assessor Parcel Number: 60039860
  • Tax Total Finished Sq Ft: 2754
  • Tax Data Updated: No
  • Tax Year: 2024
  • Close Date: 10/15/2024

MLS Schools

  • School District Name: ALEXANDRIA CITY PUBLIC SCHOOLS

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $3,750,000 -3.8% $1,339 / Sq Ft
09/17/2024 09/17/24 Price Changed $3,900,000 -9.2% $1,393 / Sq Ft
06/13/2024 06/13/24 For Sale $4,295,000 +14.1% $1,534 / Sq Ft
08/15/2020 08/15/20 Sold $3,765,090 +1.9% $1,345 / Sq Ft
08/15/2020 08/15/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $3,695,000 -- $1,320 / Sq Ft
Source: Bright MLS

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 $42,029 $3,695,190 $1,108,965 $2,586,225
2023 $43,606 $3,928,500 $1,179,750 $2,748,750
2022 $39,683 $3,575,000 $1,072,500 $2,502,500
2021 $39,683 $3,575,000 $1,072,500 $2,502,500
Source: Public Records

Deed History

Date Type Sale Price Title Company
Deed $3,750,000 Commonwealth Land Title Insura
Source: Public Records

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Source: Bright MLS

MLS Number: VAAX2034458

Bright MLS

APN: 075.03-1B-501