Price Reduction - Waterfront

Address

525 Water Street SW # 426, Washington, DC

Listing Type

Condos

Price

$ 995,000

Property Attributes

MLS#DCDC2118334
TypeCondos
CountyWASHINGTON
CityWashington
NeighborhoodSouthwest Waterfront
Zip20024
StyleContemporary
Year Built2016
Taxes$ 7862
Price$ 995,000
Bedrooms2
Full Bathrooms2
Half Bathrooms0
Sqr Footage1210

Data Source:

Bright MLS

Property Description

Unit 426 at 525 Water is two-level, top floor two-bedroom and den residence with two full baths, a generous terrace and two parking spaces. Natural light pours in through the floor-to-ceiling windows on each level while an open layout offers ample space for modern living. The gourmet kitchen is equipped with Bosch appliances, quartz countertops, Porcelenosa cabinets and a spacious eat-in island. Unit 426s main level also offers a living area and secondary bedroom, full bathroom and two Juliette balconies. A sophisticated, industrial-style staircase gives way to the second level, a light-filled den leading to the primary suite with a luxurious, 4-piece bath and a large closet. Both the primary bedroom and den open to a generous outdoor terrace seamlessly blending indoor-outdoor living. Stylish upgrades to the residence include designer wallpaper, unique lighting fixtures and blackout shades throughout. This residence includes two highly sought-after, dedicated garage parking spaces. 525 Water, delivered by Hoffman & Associates in 2016, blends modern architecture with green spaces and offers ample amenities, including a concierge, fitness studio, residents lounge and spacious landscaped courtyard and terrace. Nestled between two park settings, 525 Water opens to the lush 3.5-acre Waterfront Park, and is located just moments from the vibrant waterfront neighborhood, The Wharf. 525 Water residents have easy access to 1 mile of waterfront promenade with chef-driven restaurants, locally owned boutiques, live music as well as local productions at Arena Stage. 525 Water is adjacent to a world-class marina, offering kayaking and paddleboard launch opportunities. Located moments from the Smithsonian museums, Waterfront Station Metro, local airports and major thoroughfares and conveniently located near The Yards, Nats Park and Audi Field, 525 Water offers unparalleled connectivity.

Price History
11/10/2023	Listed $1,175,000
4/30/2024	16% - $995,000

General Features

Sewer	Public Sewer
Heating	Forced Air
Cooling	Central A/C
Possession	Settlement
Zoning	MU-12
Garage Spaces	2.00
Pool Y/N	No Pool
Association Fee Includes	Water,Sewer,Gas,Trash,Parking Fee,Common Area Maintenance,Ext Bldg Maint,Management,Reserve Funds
Patio/Porch Features	Terrace
Architectural Style	Contemporary
Construction Materials	Combination
Year Built	2016
Levels	2
Other Fees	550.00
Unit Number	426
Tax Year	2022
Percent Ownership	Condominium
Cool Fuel	Electric
Building Name	525 WATER
Accessibility	None
HOA Fee 2	1359.09
County	WASHINGTON
New Construction	No
Property Type	Residential
Association Amenities	Common Grounds,Concierge,Elevator,Exercise Room,Party Room
HOA / Comm Assn	No
Subdivision Name	SOUTHWEST WATERFRONT
Garage Y/N	Yes
Water Access Y/N	No
Other Structures	Above Grade,Below Grade
Status	ACTIVE
Directions	525 Water is located just South of Maine Avenue,SW at 6th Street,SW. Adjacent to The Wharf. The building entrance is at 6th and Water Street,SW.
ModificationTimestamp	2024-04-30T12:33:37
City	WASHINGTON
Buyer Agent Compensation	2.5
Disclosures	Subject to Condo/HOA Docs
Other Fees Frequency	One Time
Senior Community Y/N	No
Tax Assessed Value	934090.0
Waterfront Y/N	No
Street Name	WATER
HOA Fee 2 Frequency	Monthly
Tax Annual Amount	7862.0
Structure Type	Penthouse Unit/Flat/Apartment
Condo/Coop Association Y/N	Yes
Bathrooms Full Main Level	1
Bathrooms Count Main Level	1.00
Price Per Sq Ft	822.31
Vacation Rental Y/N	No
Total SQFT	1210
Days on Market	173
AssociationName2	525 Water,A Condominium
Builder Name	Hoffman & Associates
Standard Status	Active
Year Built Source	Assessor
Legal Subdivision	R. L. A. SW
Tax Lot	2102
Buyer Agent Compensation Type	% Of Gross

Interior Features

Heating Fuel	Electric
Hot Water	Natural Gas
Basement (Y/N)	No
Heating Y/N	Yes
Fireplace Y/N	No
Above Grade Finished Area	1210
Full Baths	2
Street Suffix	STREET
Central Air Y/N	Yes
Total Bedrooms	2
Entry Level	4
Main Level Bedrooms	1
Below Grade Finished Area Unit Type	Square Feet
LivingAreaSource	Estimated
Laundry Type	Dryer In Unit,Washer In Unit
Below Grade Unfin Area Units	Square Feet
Below Grade Unfin SQFT Source	Assessor
Below Grade Finished Area Source	Assessor
Bedrooms Count All Upper Levels	1
Bedrooms Count Upper Level 1	1
Bathrooms Full Upper Level 1	1
Bathrooms Full All Upper Levels	1
Bathrooms Count Upper Level 1	1.00
Bathrooms Count All Upper Levels	1
Above Grade Finished Area Source	Estimated
Above Grade Finished Area Unit Type	Square Feet
Total Baths	2

Exterior Features

Water Source	Public
Total Parking Spaces	2
Garage Features	Garage Door Opener,Inside Access
Type of Parking	Attached Garage
Water View Y/N	No
Soil Types	Urban Land Not Rated
Land Assessed Value	280230.00
Navigable Water Y/N	No
Water Oriented Y/N	No
# of Attached Garage Spaces	2