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$295,000

Beds
1
Baths
1.0
sq ft
528

1101 3rd St SW Unit 503, Washington, DC 20024

1101 3rd St SW Unit 503

WASHINGTON, DC 20024

  • 8 days on market
    • Open house Jan 04
This exceptional condo is located just one block from The Wharf, a vibrant destination offering entertainment, dining, and shopping. With the Waterfront Metro station (Green Line) nearby, along with Arena Stage, Navy Yard, and a grocery store steps away, this property delivers unmatched convenience. Designed by world-renowned architect I.M. Pei, the unit features floor-to-ceiling windows, allowing ample natural light to illuminate the living spaces. The layout includes a walk-in organized closet and an updated bathroom with a vanity offering generous storage and a tub/shower combination. Additionally, the property includes a rare private storage unit. Residents benefit from a range of amenities, including an onsite property manager, concierge services, a party room, a fitness center, a large private courtyard for outdoor events, and a bike storage room. Rental parking options are available, including both garage and surface spaces. The condo is also pet-friendly, accommodating medium-sized pets. Offering a perfect balance of modern design, functionality, and access to nearby attractions, this property stands out as a distinctive opportunity in a prime location.

Details

Property type

Condominium

Est. home value

$287,878

Lot size

Unknown

Price per sq ft

$559

Year built

1960

Annual property taxes

$2,358

HOA

No

Price History

01/02/2025
Bright

Bright #DCDC2172532

Listed
$295,000
10/01/2024
Bright

Bright #DCDC2128978

Removed
$295,000
07/26/2024
Bright

Bright #DCDC2128978

Listed
$295,000

Schools & Community

Neighborhood: 

Southwest Waterfront

Elementary school: 

AMIDON-BOWEN

Middle school: 

JEFFERSON MIDDLE SCHOOL ACADEMY

High school: 

WILSON SENIOR

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

$171,033
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$100,367
Cash to seller
$171,033

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

Seller’s Loan History

Lender

Draper And Kramer Mortgage Corp

Loan start date

May 2021

Original loan amount

$150,000

Est. remaining balance

$100,367

Interest rate

2.42%

Loan type

New Conventional, 10 year

Seller

Qiaoxia Chen

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: 01/04/2025 at 6:00 PM

Listing updated: 01/02/2025 at 12:20 AM

Listed by: Jonathan S Lahey, EXP Realty, LLC Phone #: (833) 335-7433

MLS: Bright #DCDC2172532

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