Velocity Condominiums 1025 1st St SE Unit 505 Washington, DC 20003
Navy Yard Neighborhood
2
Beds
2
Baths
1,188
Sq Ft
$779/mo
HOA Fee
Highlights
- Concierge
- 3-minute walk to Navy Yard
- Private Pool
- Fitness Center
- 24-Hour Security
- 4-minute walk to Washington Canal Park
About This Home
As of October 2024Experience opulent living in the modern Velocity Condominium, established in 2009. Situated near the vibrant Navy Yard, this residence places you within close proximity to nearby attractions such as the Ball Park, Metro, Harris Teeter, and exceptional restaurants. Revel in the convenience of having these amenities at your doorstep. This spacious 2-bedroom, 2-bathroom contemporary condo boasts meticulous maintenance and a prime corner location that bathes it in natural sunlight, offering captivating city views. Included with the property is assigned garage parking, ensuring your convenience. The unit has brand new washer/dryer that were installed in 2021 and new Karastan carpet in the bedrooms installed this year. The building is equipped with 24-hour security, a fitness room, a community room with kitchen, Amazon locker, and a children’s playroom, among other amenities providing a secure and enjoyable living environment. The common areas of the building were all completely renovated recently in 2019. Indulge in the luxury of gatherings and firework displays from the rooftop deck, and unwind with a refreshing swim in the on-site pool. This pet-friendly high-rise is not only designed for comfort and style but is also FHA and VA approved, adding an extra layer of flexibility to your home ownership journey. Elevate your lifestyle at Velocity Condominium!
Last Agent to Sell the Property
tiernan dickens
Redfin Corp
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,012
Year Built
- Built in 2009
HOA Fees
- $779 Monthly HOA Fees
Parking
Home Design
- Contemporary Architecture
Interior Spaces
- 1,188 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Window Treatments
- Combination Kitchen and Living
- Wood Flooring
- Intercom
Kitchen
- Breakfast Area or Nook
- Stove
- Cooktop
- Microwave
- Ice Maker
- Dishwasher
- Kitchen Island
- Upgraded Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Bathroom
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Additional Features
- Accessible Elevator Installed
- Private Pool
Listing and Financial Details
- Assessor Parcel Number 0699/N/2046
Community Details
Overview
- Association fees include custodial services maintenance, exterior building maintenance, management, insurance, reserve funds, snow removal, trash, security gate
- High-Rise Condominium
- Built by ZALCO
- Velocity Condominiums Community
- Old City #1 Subdivision
Amenities
- Concierge
- Meeting Room
- Elevator
Recreation
Pet Policy
- Pets Allowed
- Pet Size Limit
Security
- 24-Hour Security
- Resident Manager or Management On Site
Map
About Velocity Condominiums
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $705,000 | -4.1% | $593 / Sq Ft |
| 09/30/2024 09/30/24 | Pending | -- | -- | -- |
| 09/03/2024 09/03/24 | For Sale | $735,000 | +9.7% | $619 / Sq Ft |
| 02/21/2017 02/21/17 | Sold | $669,900 | 0.0% | $564 / Sq Ft |
| 01/18/2017 01/18/17 | Pending | -- | -- | -- |
| 01/12/2017 01/12/17 | For Sale | $669,900 | 0.0% | $564 / Sq Ft |
| 01/12/2017 01/12/17 | Off Market | $669,900 | -- | -- |
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 | $5,074 | $699,110 | $209,730 | $489,380 |
| 2023 | $5,012 | $688,300 | $206,490 | $481,810 |
| 2022 | $5,040 | $685,420 | $205,630 | $479,790 |
| 2021 | $4,968 | $674,160 | $202,250 | $471,910 |
| 2020 | $4,952 | $658,230 | $197,470 | $460,760 |
| 2019 | $4,708 | $628,730 | $188,620 | $440,110 |
| 2018 | $4,724 | $629,080 | $0 | $0 |
| 2017 | $4,657 | $620,290 | $0 | $0 |
| 2016 | $4,330 | $582,210 | $0 | $0 |
| 2015 | $3,939 | $534,810 | $0 | $0 |
| 2014 | $3,708 | $506,420 | $0 | $0 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $562,500 | New Conventional | |
| Previous Owner | $602,901 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $705,000 | First American Title | |
| Deed | $705,000 | First American Title | |
| Special Warranty Deed | $669,900 | Attorney | |
| Warranty Deed | $464,500 | -- |
Source: Public Records
Similar Homes in Washington, DC
Source: Bright MLS
MLS Number: DCDC2157280
APN: 0699N-2046
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