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$275,000

Beds
Unknown
Baths
1.0
sq ft
472

601 Pennsylvania Ave NW Unit 508, Washington, DC 20004

601 Pennsylvania Ave NW Unit 508

WASHINGTON, DC 20004

  • 95 days on market
    • Price drop $25,000↓
Welcome to this charming studio nestled in the heart of Penn Quarter! This cozy yet stylish condo offers the perfect blend of comfort and convenience, making it an ideal retreat for urban dwellers and professionals alike. Light filled, the open layout presents a blank canvas, allowing you to unleash your creativity and personalize the space to suit your unique style. It even has a washer/dryer in unit and an extra storage unit. Walk into the lobby from the removed Indiana Ave where you are greeted by a tenured and friendly concierge, 24/7. Experience full-service living with amenities such as secure package delivery, dry cleaning services, and a spacious gym equipped with state-of-the-art equipment. Relax and unwind in the recently updated rooftop lounge, complete with a charming tower gazebo and stunning views of the Capitol. A full locker room with showers and even a sauna are on the lower floor. Rental parking spaces are available although public transportation is very accessible. A quick, 3 minute walk to Archives-Navy Memorial-Penn Quarter Metro Station for access to the green and yellow metro lines, a less than 10 minute walk to Gallery Pl-Chinatown Metro Station for access to the red, green and yellow metro lines without transfers. Make sure to see the 3D virtual tour! The residential entrance is on the NORTH SIDE of the building, on the corner of Indiana Ave NW & 6th St.

Details

Property type

Condominium

Est. home value

$304,035

Lot size

Unknown

Price per sq ft

$583

Year built

1991

Annual property taxes

$1,680

HOA

No

Price History

06/17/2024

Bright #DCDC2135058

Price change
$275,000
-8.33%
04/18/2024

Bright #DCDC2135058

Listed
$300,000

Schools & Community

Neighborhood: 

Penn Quarter

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$79,632
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$173,368
Cash to seller
$79,632

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

Seller’s Loan History

Lender

Citimortgage Inc

Loan start date

March 2009

Original loan amount

$255,200

Est. remaining balance

$173,368

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Donald W Blue

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: 07/05/2024 at 10:45 PM

Listing updated: 06/17/2024 at 8:44 AM

Listed by: Nicole Lang, McEnearney Associates Phone #: (202) 903-2200

MLS: Bright #DCDC2135058

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