tomo logo

$410,000

Beds
Unknown
Baths
1.0
sq ft
644

1025 1st St SE Unit 1008, Washington, DC 20003

1025 1st St SE Unit 1008

WASHINGTON, DC 20003

  • 52 days on market
Welcome to Velocity Condominiums, where convenience and luxury converge to create an exceptional living experience. This studio condo lives like a one bedroom condo with 644 sq ft and a private balcony adding personal outdoor space. With loads of storage, and an in-unit washer and dryer, this unit is move-in ready with hardwood flooring, an updated bathroom, stainless appliances in the open-plan kitchen. The roomy kitchen has plenty of counterspace with granite countertops and wood cabinetry. The bathroom is spacious and has a walk-in shower with bench, modern lighting and cabinets. This community offers an array of amenities thoughtfully designed to enhance your lifestyle. Unique features include an herb garden, Amazon Hub lockers, and a Dryy dry cleaning dropbox. For pet owners, a dedicated pet-washing station adds ease to your routine. Unwind at the heated rooftop pool with stunning city views, or host gatherings using the rooftop grills and spacious club room. Kids have a dedicated playroom, and a 24-hour concierge is available for any needs. Additional highlights include private garage parking, a serene open-air garden courtyard, and an expansive rooftop deck for relaxation. The community meeting room, complete with a chef’s kitchen, is perfect for entertaining. Fitness enthusiasts will appreciate the fully equipped gym, while 24-hour security, a trash room, freight elevator, and party room ensure every convenience is at your fingertips. Located in the Navy Yard district, The Velocity’s proximity to Capitol Hill (under a mile walking), nearby government agencies like Department of Transportation (.2 miles!) The Ford House Office Building, GSA offices,and more within 1 miles of this home. Plentiful transportation options allow for easy commutes to many points in DC with the Navy Yard metro station located .1 mi away for Green line access, and Capitol South for access to Silver Orange and Blue lines. For the sports and entertainment fans, Nationals Park is just blocks away from this condo, and the new DC Wharf with entertainment and dining options aplenty is within a mile as well.

Details

Property type

Condominium

Est. home value

$416,382

Lot size

Unknown

Price per sq ft

$637

Year built

2009

Annual property taxes

$2,794

HOA

No

Price History

11/01/2024
Bright

Bright #DCDC2166992

Listed
$410,000
+10.22%
01/14/2019
Bright

Bright #DCDC102318

Sold
$372,000

Schools & Community

Neighborhood: 

Navy Yard

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool

School district: 

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$50,073
Asking price
$410,000
Closing costs (~8% of asking)
-$32,800
Est. remaining loan balance
-$327,127
Cash to seller
$50,073

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First Savings Mortgage Corporation

Loan start date

August 2020

Original loan amount

$360,800

Est. remaining balance

$327,127

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Peter Owen Bachmann and Caleb Joseph Crosswhite

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 11:40 PM

Listing updated: 12/06/2024 at 4:14 AM

Listed by: Anna-Louisa A Yon, Compass Phone #: (703) 266-7277

MLS: Bright #DCDC2166992

Bright logo

Recently listed in WASHINGTON