tomo logo

$975,000

Beds
1
Baths
1.0
sq ft
940

701 Pennsylvania Ave NW Unit 1221, Washington, DC 20004

701 Pennsylvania Ave NW Unit 1221

WASHINGTON, DC 20004

  • 60 days on market
This stunning 1 bedroom + Den and 1 bathroom condo in the heart of Penn Quarter features a large private balcony offering iconic views of the DC skyline including the Washington Monument, Navy Memorial, and National Archives Museum. This luxurious condo boasts a beautifully renovated kitchen and a unique circular floorplan designed for maximum space and comfort.  Located in the prestigious Market Square East condo building, residents enjoy luxury services such as a rooftop pool, health club, and 24-hour secure front desk. If you're looking for more space, the adjacent 1 bedroom, 1 bathroom condo (1222) is also for sale, offering the possibility to combine the two units into a larger, custom living space. Situated just one block from the Metro, you'll be steps away from DC’s finest restaurants, theaters, the Capital One Arena, and have convenient access to Capitol Hill, The White House, and Regan National Airport. Additional amenities include a separate storage unit and optional rental parking. Don’t miss this opportunity to live in one of DC's most vibrant neighborhoods!

Details

Property type

Condominium

Est. home value

$969,946

Lot size

Unknown

Price per sq ft

$1,038

Year built

1991

Annual property taxes

$6,643

HOA

No

Price History

09/24/2024
Bright

Bright #DCDC2161092

Listed
$975,000
-2.5%
02/01/2024
BrightMLS

BrightMLS #DCDC2090242

Removed
$1,000,000
01/11/2024
BrightMLS

BrightMLS #DCDC2090242

Removed
$1,000,000

Schools & Community

Neighborhood: 

Penn Quarter

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

$631,842
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$265,158
Cash to seller
$631,842

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

July 2019

Original loan amount

$376,500

Est. remaining balance

$265,158

Interest rate

3.28%

Loan type

New Conventional, 15 year

Seller

Carmelo D Bramante and Virginia Bramante

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: 11/22/2024 at 8:15 PM

Listing updated: 09/24/2024 at 8:36 PM

Listed by: Lucy Schoenthaler, Washington Fine Properties, LLC Phone #: (202) 944-5000

MLS: Bright #DCDC2161092

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