tomo logo

$720,000

Beds
2
Baths
2.0
sq ft
1,065

1025 1st St SE Unit 815, Washington, DC 20003

1025 1st St SE Unit 815

WASHINGTON, DC 20003

  • Coming soon
    • Open house Mar 08
Welcome to this beautifully maintained 2-bedroom, 2-bath condo at the highly sought-after Velocity Condominiums. Ideally located in the vibrant neighborhood of Navy Yard, this sleek and modern residence offers an open-concept floor plan that seamlessly blends comfort and style. As you step inside, you'll be greeted by abundant natural light and expansive windows. The spacious living area is perfect for entertaining, with hardwood floors and high ceilings that create a sense of openness and elegance. The kitchen features contemporary finishes, including stainless steel appliances, granite countertops, and ample cabinet space – ideal for cooking and hosting. The master bedroom is a true retreat, complete with a generous walk-in closet and an en-suite bath. The second bedroom is equally spacious and versatile, with easy access to the second full bath. Velocity Condominiums boasts incredible amenities, including a fully equipped fitness center, a rooftop pool with panoramic views, and a resident lounge perfect for relaxing or socializing. Enjoy the convenience of secure parking, a 24-hour concierge, and a prime location just moments from the best dining, shopping, and entertainment that DC has to offer. With its unbeatable location, modern features, and luxurious amenities, this condo is the perfect place to call home. Don’t miss out on the opportunity to live in one of Washington, DC’s most desirable communities.

Details

Property type

Condominium

Est. home value

$714,766

Lot size

Unknown

Price per sq ft

$677

Year built

2009

Annual property taxes

$4,675

HOA

No

Price History

08/15/2019
Bright

Bright #DCDC429232

Sold
$700,000

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

$160,561
Asking price
$720,000
Closing costs (~8% of asking)
-$57,600
Est. remaining loan balance
-$501,839
Cash to seller
$160,561

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

Seller’s Loan History

Lender

Lenderfi Inc

Loan start date

September 2020

Original loan amount

$556,000

Est. remaining balance

$501,839

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Michael A Howard

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: Coming Soon

Tomo last checked: 03/03/2025 at 6:55 PM

Listing updated: 03/02/2025 at 12:14 PM

Listed by: Jay Portlance, TTR Sotheby's International Realty Phone #: (703) 310-6800

MLS: Bright #DCDC2187150

Bright logo

Recently listed in WASHINGTON