$929,000

Residences at Market Square - East Tower 701 Pennsylvania Ave NW Unit 1221 Washington, DC 20004

Penn Quarter Neighborhood

Estimated payment $7,351/month

Total Views 7,262
1 Bed
1 Bath
940 Sq Ft
$988 Price per Sq Ft

Highlights

  • Concierge
  • 1-minute walk to Archives-Navy Memorial
  • Transitional Architecture
  • Thomson Elementary School Rated A-
  • Fitness Center
  • Community Pool

About This Home

In preparation for the spring market, fantastic new value! This stunning 1 bedroom + Den and 1 bathroom condo in the heart of Penn Quarter features a large private balcony offering iconic views of the DC skyline including the Washington Monument, Navy Memorial, and National Archives Museum. This luxurious condo boasts a beautifully renovated kitchen and a unique circular floorplan designed for maximum space and comfort. 

Located in the prestigious Market Square East condo building, residents enjoy luxury services such as a rooftop pool, health club, and 24-hour secure front desk. Situated just one block from the Metro, you'll be steps away from DC’s finest restaurants, theaters, the Capital One Arena, and have convenient access to Capitol Hill, The White House, and Regan National Airport. Additional amenities include a separate storage unit and optional rental parking. Don’t miss this opportunity to live in one of DC's most vibrant neighborhoods!

Listing Agent

Lucy Schoenthaler

Washington Fine Properties, LLC License #SP98379620

Washington Fine Properties, LLC

Co-Listing Agent

Ben Roth

Washington Fine Properties, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,322

Year Built

  • Built in 1991

HOA Fees

  • $1,639 Monthly HOA Fees

Home Design

  • Transitional Architecture

Interior Spaces

  • 940 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • Off-Street Parking
  • Rented or Permit Required

Accessible Home Design

  • Accessible Elevator Installed

Utilities

  • Air Source Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 5181
  • Assessor Parcel Number 0408//5181

Community Details

Overview

  • Association fees include pool(s), reserve funds, trash, water, common area maintenance, health club, management
  • High-Rise Condominium
  • Market Square East Condos
  • Central Community
  • Penn Quarter Subdivision

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis

Additional Features

  • Concierge
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,322

Year Built

Built in 1991

Lot Details

0

HOA Fees

$1,639 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Transitional
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1991
  • Remarks Public: In preparation for the spring market, fantastic new value! This stunning 1 bedroom + Den and 1 bathroom condo in the heart of Penn Quarter features a large private balcony offering iconic views of the DC skyline including the Washington Monument, Navy Memorial, and National Archives Museum. This luxurious condo boasts a beautifully renovated kitchen and a unique circular floorplan designed for maximum space and comfort.  Located in the prestigious Market Square East condo building, residents enjoy luxury services such as a rooftop pool, health club, and 24-hour secure front desk. Situated just one block from the Metro, you'll be steps away from DC’s finest restaurants, theaters, the Capital One Arena, and have convenient access to Capitol Hill, The White House, and Regan National Airport. Additional amenities include a separate storage unit and optional rental parking. Don’t miss this opportunity to live in one of DC's most vibrant neighborhoods!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 12
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 940
  • Living Area Sq Ft: 940
  • Price Per Sq Ft: 988.30
  • Above Grade Finished Sq Ft: 940
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 701

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1639.16
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Market Square East
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Exercise Room, Pool - Outdoor, Security
  • HOA Condo Co-Op Fee Includes: Pool(s), Reserve Funds, Trash, Water, Common Area Maintenance, Health Club, Management
  • 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: Unknown
  • Year Assessed: 2024
  • Zoning: UNKNOWN
  • In City Limits: Yes

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6322.00
  • Assessor Parcel Number: 0408//5181
  • Tax Lot: 5181
  • Tax Total Finished Sq Ft: 858
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Map

About Residences at Market Square - East Tower

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $6,322 $846,020 $253,810 $592,210
2023 $6,643 $880,280 $264,080 $616,200
2022 $6,518 $859,260 $257,780 $601,480
2021 $6,613 $867,700 $260,310 $607,390
2020 $6,470 $836,860 $251,060 $585,800
2019 $6,514 $841,240 $252,370 $588,870
2018 $6,519 $840,330 $0 $0
2017 $6,000 $778,370 $0 $0
2016 $5,784 $752,180 $0 $0
2015 $5,753 $756,900 $0 $0
2014 -- $686,670 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 Price Changed $929,000 -4.7% $988 / Sq Ft
09/24/2024 09/24/24 For Sale $975,000 -- $1,037 / Sq Ft
Source: Bright MLS

Deed History

Date Type Sale Price Title Company
Deed $630,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $376,500 New Conventional
Closed $98,000 Stand Alone Second
Source: Public Records

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Source: Bright MLS

MLS Number: DCDC2161092

Bright MLS

APN: 0408-5181

District of Columbia District of Columbia County Washington 20004 Penn Quarter

701 Pennsylvania Ave NW Unit 1221, Washington, DC

Homes for Sale in Washington, DC

This home is located at 701 Pennsylvania Ave NW Unit 1221, Washington, DC 20004 and is currently priced at $929,000, approximately $988 per square foot. This property was built in 1991. 701 Pennsylvania Ave NW Unit 1221 is a home located in District of Columbia with nearby schools including Thomson Elementary School, Cardozo Education Campus, and BASIS DC.

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Lucy Schoenthaler
Listing Agent
Lucy Schoenthaler
Section Image
Washington Fine Properties, LLC
(301) 661-7808