Five-year reserve planning My HOA Budget

Washington, District of Columbia condo association

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The Wharf Residences

The Wharf Residences is a condo association in Washington, District of Columbia. This profile tracks monthly dues $500–$2,000/mo, 316 units, built in 2017, reserve study status not yet verified, along with amenities,...

condo Public records Reserve health: No study on record Browse Washington communities District of Columbia reserve laws

Profile 56% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units 316
Year built 2017
Monthly dues $500–$2,000/mo
Reserve health Check my risk
Median sale price $950K

Amenities

PoolGymSpaSaunaConciergeElevatorParking garageEV charging

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

The Wharf Residences has no reserve study on record. Without one, there's no way to know if dues cover what's coming.

Check what's missing

5-year outlook

Will you get hit with a special assessment?

Special assessments can run into thousands per unit when major work outruns reserves. We model that risk for The Wharf Residences based on reserve health, building age, and District of Columbia requirements — so you see it coming before the board votes.

Special assessment risk Planned dues increases Reserve shortfall forecast
I am a...

Values used: scaled defaults where community data is unknown — starting reserve (scaled from unit count at $15k/unit); annual opex (scaled from revenue at 84%).

Try it on a typical condo

A mid-size urban condo, five years out

Starting reserve $1.5M · $500K/yr dues revenue · $420K/yr operating expenses · $1.5M of reserve-study capital work over five years. Switch on the levers your board actually controls and watch where the reserve lands.

5-year ending reserve$5.27MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$5.3M
Annual dues increase+5% compounding · $1.90M/yr → $2.42M/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $1.59M/yr → $1.94M/yr by 2031
4%
Board member next stepTurn this scenario into a board-ready next step.

Send the reserve-planning context and keep the follow-up focused on board decisions.

Plan our next five years

About The Wharf Residences

The Wharf Residences encompass three condo buildings on DC’s Southwest Waterfront — 525 Water (106 units, 2016), VIO (112 units, 2017), and Amaris (96 units, 2022). Developed by PN Hoffman, the waterfront district transformed a mile of Potomac shoreline into one of DC’s most vibrant neighborhoods.

What we know

  • Property type: Condo
  • Units: 316
  • Year built: 2017
  • Address: 525 Water St SW, Washington, DC 20024
  • Website: wharfdc.com/residences
  • Monthly dues: $500–$2,000/mo
  • Median sale price: $950K
  • Amenities: Pool, gym, spa, sauna, concierge, elevator, parking garage, EV charging

Reserve health

Reserve health hasn’t been verified for The Wharf Residences yet. Before you approve a budget, pay a special assessment, or close on a unit here, District of Columbia law defines exactly what reserve records a condo must keep and what owners can request — see District of Columbia condo reserve funding rules.

No reserve study or funding data has been verified for this community.

What’s still missing

To build a complete picture of this community, we’d need:

  • Reserve study date and reserve balance
  • Reserve funding percentage
  • Management company
  • Board roster
  • Assessment history
  • Active listing count

For board members

If you serve on this board, you can claim this page to add accurate information.

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District of Columbia laws that apply here

Condo reserve funding

District of Columbia condominium reserve funding rules, in plain language

How the D.C. Condominium Act actually handles reserves — through association budget and assessment authority plus a resale-disclosure requirement — and what it means that there is no statutory reserve-study cycle for a board, owner, or buyer.

D.C. Code § 42-1903.12 — D.C. Condominium Act, association powers and budgets (with resale disclosure at § 42-1904.11)

Is this your community?

Board members and property managers can claim this page to add photos, amenities, board roster, and reserve details. Make The Wharf Residences look as good online as it does in person.

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Next step

Need documents from The Wharf Residences?

We can help you request reserve studies, budgets, and meeting minutes. Pick the option that fits.

I own here — request documents I'm buying — request documents