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$1,675,000

Beds
4
Baths
3.0
sq ft
2,595

165 King George St, Annapolis, MD 21401

165 King George St

ANNAPOLIS, MD 21401

  • 2 days on market
Welcome to this exceptional 3-unit property located in the vibrant heart of downtown Annapolis—truly an investor's dream. These turnkey apartments are currently licensed for short term rentals and ready to offer a rewarding investment opportunity. Situated in the bustling core of Annapolis, this property provides unparalleled access to the city's rich array of dining, shopping, and entertainment. Guests will delight in the diverse dining scene, with popular spots like Iron Rooster, Tsunami, and Osteria 177 offering a range of culinary experiences. Located steps from Gate 1 of the United States Naval Academy makes it one of the most desirable locations for both long and short term guests. Shopping enthusiasts will find plenty to explore, from charming boutiques and gift shops to unique pottery stores. When the sun sets, Annapolis comes alive with nightlife options, including Dining Under the Stars events, live music at Rams Head Tavern, and a variety of bars and pubs for a perfect evening out. For those seeking recreation and adventure, the area offers an abundance of activities. Visitors can enjoy the serene beauty of Quiet Waters Park, take sailboat lessons, embark on fishing charters, explore ghost tours, or visit local museums. The proximity to the US Naval Academy, just a block away, adds to the allure of this sought-after tourist destination. This property not only offers a prime location but also the potential for a lucrative return on investment. Don't miss the chance to own a piece of Annapolis's thriving downtown scene and the views of the Naval Academy Chapel especially in the evening.

Details

Property type

Duplex

Est. home value

$1,350,262

Lot size

1,890 sq ft

Price per sq ft

$646

Year built

1904

Annual property taxes

$9,696

HOA

No

Price History

02/01/2025
Bright

Bright #MDAA2103046

Listed
$1,675,000
+29.84%
03/18/2022
Bright

Bright #MDAA2007264

Sold
$1,290,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

ANNE ARUNDEL COUNTY 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

$627,404
Asking price
$1,675,000
Closing costs (~8% of asking)
-$134,000
Est. remaining loan balance
-$913,596
Cash to seller
$627,404

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

American Financial Network Inc

Loan start date

March 2022

Original loan amount

$967,500

Est. remaining balance

$913,596

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Julie Gibson and Adam Powley

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: 02/02/2025 at 2:05 AM

Listing updated: 02/01/2025 at 3:19 PM

Listed by: Ms. Julann O Donnelly, Compass Phone #: (410) 429-7425

MLS: Bright #MDAA2103046

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