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$282,449Estimated home value

Beds
3
Baths
1.0
sq ft
1,522

1831 Drew St, Annapolis, MD 21401

1831 Drew St

ANNAPOLIS, MD 21401

  • Off market
    • Price drop $25,000↓
Incredible opportunity in Annapolis to own rancher on .48 acre lot with basement. Could potentially be subdivided into 2 lots. Price reflects work needed!

Details

Property type

Single Family Residence

Est. home value

$282,449

Lot size

0.48 acres

Price per sq ft

$280

Year built

1960

Annual property taxes

$3,867

HOA

No

Price History

10/07/2024
Bright

Bright #MDAA2093330

Removed
$425,000
09/26/2024
Bright

Bright #MDAA2093330

Price change
$425,000
+12.14%
08/30/2024
Bright

Bright #MDAA2076026

Removed
$379,000
-15.78%

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

$273,665
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$117,335
Cash to seller
$273,665

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

Seller’s Loan History

Lender

1St Financial Inc

Loan start date

December 2021

Original loan amount

$125,000

Est. remaining balance

$117,335

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Michael Colbert and Clara R Colbert

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: Off Market

Tomo last checked: 11/15/2024 at 9:00 PM

Listing updated: 09/26/2024 at 10:16 AM

Listed by: Cynthia L. Lentz, Long & Foster Real Estate, Inc. Phone #: (301) 975-9500

MLS: Bright #MDAA2093330

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