4 months on rocket

5 Park Pl Unit 314, Annapolis, MD, 21401

$595,000

Home List Price

$7,066*

Closing Credit

2 Bedrooms
2 Full Baths
1,056 SqFt
$563/SqFt
Condo

Location

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5 Park Pl Unit 314, Annapolis$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingGarage Door Opener, Underground, Assigned, Parking Garage
Garage2 spaces
Year Built2007
HeatingCentral
CoolingCentral Air
FireplaceElectric, Mantel(s)
MLS #MDAA2092352
StatusActive
(ACTIVE)

About 5 Park Pl Unit 314

Picture this for your next home in historic Annapolis: a bright, open, two-bedroom, two-bath condo in the gorgeous Residences at Park Place. Conveniently located near Rt. 50 and Rt. 97, with easy access to Washington, D.C., Baltimore, and BWI Airport, this home is just a short walk from Annapolis’s finest restaurants, unique boutiques, live entertainment, and the iconic U.S. Naval Academy. Surrounded by the charm of cobblestone streets, waterfront views, and the lively energy of City Dock and Ego Alley, this condo offers luxury living with amenities like a private outdoor pool, an enclosed pet park, a well-equipped exercise room, a community room, secure garage parking for two vehicles, and on-site professional property management. Contact your real estate professional to schedule a private tour.

Property Details

Property Features

Property Information:

  • Architectural Style: Beaux Arts
  • Year Built: 2007
  • Stories: 1
  • Living Area: 1,056 SqFt

Listing Office:

  • Office Name: Anne Arundel Properties, Inc.
  • Office Phone: (410) 224-3600
  • Listing Agent: William H Hyland

Interior Features

Interior Information:

  • Appliances: Oven, Gas Range, Refrigerator, Washer, Dryer, Microwave, Dishwasher, Disposal
  • Basement: No
  • Flooring Type: Hardwood, Carpet
  • Interior: Floor Plan - Open
  • Fireplace: Electric, Mantel(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: BBQ Grill, Exterior Lighting

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Garage Door Opener, Underground, Assigned, Parking Garage

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Rt 50 exit to West St, continue east to Park Place, to Residence at circle. From Annapolis follow West St to Park Place to Residence at circle.

Municipality:

  • Annapolis

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000
  • Price Per SqFt: $563/SqFt

Tax Information:

  • Annual Amount: $5,019
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Annapolis, MD.

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Annapolis, MD

City

Med. Sold Price

$600K

Med. Price/SqFt

$301

Avg. Days On Market

23

# of Sold Homes

87

5 Park Pl Unit 314 vs Annapolis

125 DAYS ON ROCKET

+102 Days

$595,000

-$5K Less

$563/SqFt

+$262 More

KEY TAKEAWAY

This property is $5K less than the Median Sold Price and $262/SqFt more than other homes in Annapolis, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDAA2092352

Listing Office:

  • Office Name: Anne Arundel Properties, Inc.
  • Office Phone: (410) 224-3600
  • Listing Agent: William H Hyland

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 1:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 27, 2021Home Sold
$435,000
Jul 12, 2007Home Sold
$615,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,019$396,000
2020$5,583$396,000
2018$5,019$360,800
2017$4,479$343,200

History based on county public records data.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-842847
3
/10

  • Germantown Elementary School

  • 200 Windell Ave

  • 0.70 miles

  • Public District Grades PK-5

school-card-donut-842848
3
/10

  • Annapolis Elementary School

  • 180 Green St

  • 0.87 miles

  • Public District Grades PK-5

school-card-donut-842849
9
/10

  • West Annapolis Elementary School

  • 505 Melvin Ave

  • 0.93 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $130,000. The most common annual income of people living in Annapolis, MD is between $100k-200k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Annapolis, MD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Annapolis, MD.

Annapolis offers a diverse array of housing options, with single-family homes being a significant part of the market. Architectural styles range from colonial to contemporary, reflecting the city's rich history and modern growth. The housing market is dynamic, with a mix of historic homes and newer developments. While the majority of residents own their homes, a substantial portion of the population opts for rental properties, including apartments and townhouses.

What is it like to live in Annapolis, MD?

Annapolis is celebrated for its historic charm and maritime heritage. The city prides itself on being the state capital and the home of the United States Naval Academy. Community events such as the Annapolis Boat Shows and the Maryland Seafood Festival showcase the city's connection to the Chesapeake Bay. The area's character is further defined by its walkable downtown area, which features a blend of antique shops, art galleries, and waterfront dining.

Is it easy to get around Annapolis, MD without a car?

The community benefits from a robust educational system, with a number of public and private schools serving the area, as well as higher education institutions like St. John's College. Annapolis is equipped with several healthcare facilities, offering a range of services from routine care to specialized medical treatments. The city also hosts a public library system that serves as a resource for residents. Retail and dining options are plentiful, with establishments ranging from boutique shops to nationally recognized chains, many of which reflect the local seafood cuisine.

Transportation in Annapolis, MD.

Transportation in Annapolis includes a variety of options for residents and visitors. The city's public transit system provides connections to key areas, and the presence of ride-sharing services offers additional flexibility. Annapolis is known for its walkable downtown, while other areas are more car-dependent. Major roads and highways facilitate travel in and out of the city, and ongoing infrastructure projects aim to improve traffic flow and accessibility.

Frequently Asked Questions About 5 Park Pl Unit 314

What is the listing price of this property?

The listing price of 5 Park Pl Unit 314 property is $595,000.

What type of property is this?

The property 5 Park Pl Unit 314 is a condo located in Annapolis, Maryland, 21401.

Is this property for sale now?

Active Listing: 5 Park Pl Unit 314 is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,019 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 27, 2021 for $435,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5 Park Pl Unit 314 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5 Park Pl Unit 314 is 1,056 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5 Park Pl Unit 314 is 2007.

Rocket Homes›Maryland›Anne Arundel County›Annapolis›21401›5 Park Pl Unit 314

This home is located at 5 Park Pl Unit 314 in Annapolis, MD and zip code 21401. This 1,056 square foot home was built in 2007. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 18, 2024 and is currently priced at $595,000.

In November 2024 more than 28 listings in Annapolis, MD were sold above the asking price. During the same period more than 24 listings were sold at asking price, while more than 35 were sold below. The inventory of homes for sale in Annapolis, MD between October 2024 and November 2024 decreased by 1.7%. In November 2024 median list price was $600,000 and the average listing age was 23 days.

From Rocket Homes Real Estate and based on county public records data.

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