tomo logo

$720,000

Beds
2
Baths
2.0
sq ft
1,062

1025 1st St SE Unit 415, Washington, DC 20003

1025 1st St SE Unit 415

WASHINGTON, DC 20003

  • 30 days on market
This highly sought-after corner unit at The Velocity is a must-see for anyone looking for a luxurious and convenient lifestyle. With over 1,000 square feet of living space, this condo boasts an open floor plan with hardwood floors, stainless steel appliances, granite countertops, and floor-to-ceiling windows that offer stunning city views. The spacious living and dining area is perfect for entertaining guests or relaxing at home. The kitchen is a chef's dream, with plenty of counter space and a breakfast bar. The primary bedroom features a large bathroom with a spacious shower and dual customized closets. The second bedroom is also generously sized and has a spacious closet and full-sized window. This condo also comes with a number of desirable features, including off-street parking, an extra storage unit, and a 24-hour concierge desk. The Velocity also offers residents a variety of resort-style amenities, such as a rooftop deck with a swimming pool, grills, a state-of-the-art fitness center, a community room, and a courtyard. Located in the heart of Navy Yard, this condo is within walking distance to Whole Foods, Harris Teeter, Metro, Nats Park, and countless shopping and dining options. This is the perfect opportunity to live luxury in one of DC's most vibrant neighborhoods. Additional Features: 2 bedrooms, 2 bathrooms Over 1,000 square feet of living space Open floor plan Hardwood floors Stainless steel appliances Granite countertops Floor-to-ceiling windows City views Off-street parking Extra storage unit 24-hour concierge desk Rooftop deck with swimming pool Grills State-of-the-art fitness center Community room Courtyard Pet-friendly building This condo is being sold as-is. For investors: the building is at the rental cap of 30%. The purchaser of unit 415 must be owner occupied for a minimum of 6 months, and the unit owner must request to add the unit to the lease waitlist. Approximate wait time to lease this unit is 6-12 months. Wait times cannot be guaranteed.

Details

Property type

Condominium

Est. home value

$714,949

Lot size

Unknown

Price per sq ft

$678

Year built

2009

Annual property taxes

$5,631

HOA

No

Price History

11/23/2024
Bright

Bright #DCDC2169918

Listed
$720,000
+27.46%
05/01/2014
Bright

Bright #1002919200

Sold
$564,900

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

$399,501
Asking price
$720,000
Closing costs (~8% of asking)
-$57,600
Est. remaining loan balance
-$262,899
Cash to seller
$399,501

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

Seller’s Loan History

Lender

Suntrust Mortgage Inc

Loan start date

September 2013

Original loan amount

$343,200

Est. remaining balance

$262,899

Interest rate

4.39%

Loan type

New Conventional, 30 year

Seller

Tambour L Eller and Yvonne L Haberer

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: 12/23/2024 at 12:00 AM

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

Listed by: Hannah Juricic, Simply Management Phone #: (202) 742-8555

MLS: Bright #DCDC2169918

Bright logo

Recently listed in WASHINGTON