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$404,000

Beds
1
Baths
1.0
sq ft
916

700 7th St SW Unit 809, Washington, DC 20024

700 7th St SW Unit 809

WASHINGTON, DC 20024

  • 85 days on market
    • Price drop $10,000↓
Fall in love with this large, sun-drenched one bedroom with den condo in the hot Southwest Waterfront neighborhood. This unit features an 13 foot ceiling with twelve-foot floor to ceiling windows that open out to an outdoor balcony with wonderful city views. This 900-plus square foot unit has a large combination living and dining area as well as an updated kitchen. The den makes the space comfortable for at-home work but can be hidden away with interior sliding doors. Both the kitchen and the bathrooms have been updated. The kitchen features Corian counters and stainless appliances. The unit has a small in-unit washing machine and a common laundry is also located on the same floor. The condo fee includes all utilities. Town Square Towers Condominium has a concierge, in-ground swimming pool and an exercise room and sauna. The Southwest Waterfront neighborhood offers a high quality of life as well as walkability. The Wharf which is only blocks away has live music venues, boating, water taxis and award winning restaurants. The neighborhood has two Metro stops with five Metro lines as well as bike paths and buses. The grocery store and weekly farmer's market are just blocks away. An assigned parking space in the attached underground garage is available for an additional $30,000 and an additional $183 condo fee. Parking is also available for rent. This unit has an assumable VA loan at 2.25 percent interest.

Details

Property type

Condominium

Est. home value

$448,650

Lot size

Unknown

Price per sq ft

$442

Year built

1967

Annual property taxes

$2,785

HOA

No

Price History

06/28/2024

Bright #DCDC2136840

Price change
$404,000
-2.42%
04/13/2024

Bright #DCDC2136840

Listed
$414,000
-7.8%
04/08/2024
BrightMLS

BrightMLS #DCDC2126648

Removed
$449,000

Schools & Community

Neighborhood: 

Southwest Waterfront

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

$57,663
Asking price
$404,000
Closing costs (~8% of asking)
-$32,320
Est. remaining loan balance
-$314,017
Cash to seller
$57,663

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

Seller’s Loan History

Lender

Amerisave Mortgage Corporation

Loan start date

September 2020

Original loan amount

$341,880

Est. remaining balance

$314,017

Interest rate

3.01%

Loan type

VA, 30 year

Seller

Gwendolyn N Hudson

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: 07/06/2024 at 12:50 AM

Listing updated: 06/27/2024 at 11:43 PM

Listed by: Teresa Thais Austin, Long & Foster Real Estate, Inc. Phone #: (202) 966-1400

MLS: Bright #DCDC2136840

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