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$550,000

Beds
1
Baths
1.0
sq ft
649

701 Pennsylvania Ave NW Unit 1222, Washington, DC 20004

701 Pennsylvania Ave NW Unit 1222

WASHINGTON, DC 20004

  • 89 days on market
Centrally located in the vibrant Penn Quarter neighborhood, this 1-bedroom, 1-bathroom condo at Market Square East offers an open, comfortable floorplan, complete with a private balcony with iconic DC views. Ideal for those seeking a sleek urban lifestyle, the condo maximizes space and functionality. Market Square offers full-service luxury living, including a rooftop pool, fitness center, and 24-hour front desk security. With renowned restaurants, shopping, theaters, the Capital One Arena, and metro just steps away, this is city living at its finest. For those in need of more room, this unit presents a unique opportunity—it can be combined with the adjacent larger condo(1221), currently for sale, to create a spacious custom home. Just one block from the Metro and minutes from Capitol Hill, The White House, and Regan National Airport, this condo is a perfect fit for anyone looking to experience the best of Washington, DC. Additional amenities include a separate storage unit and optional rental parking. *Bedroom and Dining area are virtually staged

Details

Property type

Condominium

Est. home value

$605,933

Lot size

Unknown

Price per sq ft

$848

Year built

1991

Annual property taxes

$4,191

HOA

No

Price History

09/25/2024
Bright

Bright #DCDC2161098

Listed
$550,000
05/20/2024
BrightMLS

BrightMLS #DCDC2128070

Removed
$550,000
04/17/2024
BrightMLS

BrightMLS #DCDC2128070

Price change
$550,000
-4.35%

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

$368,430
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$137,570
Cash to seller
$368,430

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

November 2019

Original loan amount

$208,000

Est. remaining balance

$137,570

Interest rate

3.05%

Loan type

New Conventional, 13 year

Seller

Carmelo D Bramante and Virginia R 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: 12/23/2024 at 12:45 AM

Listing updated: 12/06/2024 at 11:34 AM

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

MLS: Bright #DCDC2161098

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