The Million Dollar Loop Penthouse: 125 S. Jefferson

We’ve been chattering about what you get for a million dollars.

This 3-bedroom penthouse unit just came on the market in the Park Alexandria, a 2004-construction high rise in the central loop at 125 S. Jefferson.

The listing says it’s highly upgraded with 8 foot mahogany doors and stone bathrooms. It has 2 large terraces.

What’s the market at this price point in the loop?

Randy McGhee at Koenig & Strey has the listing. See the pictures here.

Unit #3302: 3 bedrooms, 2.5 baths, 2 car parking, no square footage listed

  • Sold in March 2005 for $769,500
  • Currently listed for $1.195 million (2 parking spaces included)
  • Assessments of $1430 a month (includes AC, TV/Cable, Gas)
  • Taxes of $11906
  • Bedroom #1: 14×12
  • Bedroom #2: 13×12
  • Bedroom #3: 14×12
  • Living room: 23×18
  • Family room: 19×14
  • Kitchen: 23×9

18 Responses to “The Million Dollar Loop Penthouse: 125 S. Jefferson”

  1. Convenient to financial district/trains but not much of a neighborhood. Looks nice enough. Can’t tell if those are real wood floors or pergo. No sq footage noted.

    Some upgrading perhaps but +$400K vs. 2005 prices… I don’t think so.

    Don’t think I could get there if it was fully A/V wired + equipment, projection HDTV, electric blinds, finished terrace with water feature/zen garden/hot tub, etc.

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  2. I looked at units in this building — kinda dumpy. And GLS is right about no neighborhood.

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  3. If I’m selling my million dollar place, the first thing I want to show to people is a grainy, crappy picture of the outside of my building.

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  4. CCRD for 17-16-107-037-1263 (confirmed by assessor’s office) shows a cash sale in 2005 and then a construction(?) loan for $1,000,000 in 2007.

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  5. The exterior, interior and location just do not justify the pricing of this place. For a mil in todays economy, you have to offer A LOT of house just to get a few showings.
    Once again, there is a small group of people who can easily afford this, but IMO, it does not offer enough to warrant this price.

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  6. “GLS on July 10th, 2009 at 6:38 am
    Can’t tell if those are real wood floors or pergo. ”

    It’s got to be an engineered hardwood product, but with short (and much cheaper) board runs. It looks like ass whether it’s real wood or not.

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  7. Not horribly overpriced, although it depends on the sqft I guess. Fairly tasteful finishes and looks like a nice turnkey property for a retired person who wants to live in the city.

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  8. I love the patio!

    Co-op level assessments in a condo though? It seems ridiculous especially since it’s a new building, which “should” be efficient in terms of heating/cooling.

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  9. Really cool layout, nice views and a gorgeous master bath…

    …but you still have to live in the loop.

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  10. “Not horribly overpriced”. No. The high assessment, location, and building will bring this one down below 1MM.

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  11. I didn’t notice the assessments & taxes when posting… knock off about 300k for that bullcrap!

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  12. Agreed with trader. What is going to put pressure on the price is the assessments.

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  13. Since when is South Jefferson considered to be “central Loop”?

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  14. No neighborhood…..dead on the weekends except for watching people walk to and from the train station….

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  15. The place is over 3,000 square feet with additional huge decks, so assesments are not too high at that size…doorman/gym….that’s what you have to pay folks…otherwise, go live in a walk up or a building with a call box…a coop??? a coop would have assesments at 2 or 3 times that…morons.

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  16. i dont understand why people hate on this property. if you take a step back and look at the picture again, this isnt a bad deal.

    the $1.1M is a bit steep, but it is a nice, cleanly designed, bright and airy penthouse unit, spitting distance to the loop. i personally, love this area, but i may be biased cause i live there. the assessments seem to be in line, esp if you consider that most 1 beds go for around $350 to $400. taxes may be a bit steep but not out of line for a penthouse unit at this (granted approx) size with 2 outdoor terraces. 2 parking spaces are included and a 3rd can be purchased! thats huge!

    if it finds the right person, i can see it selling. i’d buy it if $900k – $1M if i had the money.

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  17. when i was looking to rent years back i checked out a few places here. didnt like many of them. 1 was nice but ended up going elsewhere. also checked out a 2/2 corner unit when was looking to buy but fealt a bit crammed and i wasnt a fan of the curved windows. building is ok, the PH looks better then other other units obviously.

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  18. I haf lived there for over 5 yrs. Compared to all the other crap on the market its a quality building and great staff. Its a west loop bulding neighborhood still developing since its also at the end of the business district. 2 blk to river, 1 mile to art museum, next to all transportation options. I actually miss it compared to other buildings I have lived in.

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