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$425,000

Beds
2
Baths
2.0
sq ft
844

302 Forbes St Unit C, Annapolis, MD 21401

302 Forbes St Unit C

ANNAPOLIS, MD 21401

  • 17 days on market
Welcome to 302 Forbes St, a charming condo located in the heart of Annapolis, MD. This well-maintained property in Mariners Cove was built in 1974 and offers a cozy and inviting atmosphere for its residents. The home features 2 bathrooms and a total finished area of 844 sq.ft., providing ample space for comfortable living. Upon entering the condo, you are greeted with a bright and airy living space that is perfect for relaxing or entertaining guests. The open floor plan seamlessly connects the living room, dining area, and kitchen, creating a functional and inviting layout. The kitchen is equipped with modern appliances, plenty of cabinet storage, and a breakfast bar for casual dining. The primary bedroom is spacious and features a large closet and an ensuite bathroom for added convenience. The second bedroom is perfect for guests or can be used as a home office or den. Both bathrooms are well-appointed with updated fixtures and finishes, offering a sleek and modern design. Outside, residents can enjoy a peaceful and private patio area, perfect for enjoying a morning cup of coffee or hosting a summer barbecue. The community also features amenities such as a waterfront pool and pier, providing additional opportunities for recreation and relaxation. Parking is deeded and off street. Located in West Annapolis, this condo is conveniently situated near shopping, dining, and the USNA stadium. Downtown Annapolis is just a short drive away, offering a variety of restaurants, shops, and the USNA yard. Overall, 302 Forbes St is a wonderful place to call home (or lucrative investment property) for those seeking a comfortable and convenient living space in Annapolis. With its desirable location, modern amenities, and charming design, this property is sure to impress even the most discerning buyers. Don't miss your chance to make this lovely condo your own and experience all that Annapolis has to offer.

Details

Property type

Condominium

Est. home value

$373,341

Lot size

Unknown

Price per sq ft

$504

Year built

1974

Annual property taxes

$4,033

Monthly HOA fee

$340

Price History

02/06/2025
Bright

Bright #MDAA2103366

Listed
$425,000
+21.43%
11/08/2021
Bright

Bright #MDAA2011686

Sold
$350,000
+14.75%
01/30/2020
Bright

Bright #MDAA414926

Sold
$305,000
+29.79%

Schools & Community

Elementary school: 

WEST ANNAPOLIS

Middle school: 

BATES

High school: 

ANNAPOLIS

Community features: 

Pool, Sidewalks

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

$82,281
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$308,719
Cash to seller
$82,281

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

November 2021

Original loan amount

$332,500

Est. remaining balance

$308,719

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Timothy Paul and Christine Paul

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: 02/23/2025 at 7:00 PM

Listing updated: 02/06/2025 at 2:39 PM

Listed by: Joe E Hawkins, Hawkins Real Estate Company Phone #: (410) 413-3575

MLS: Bright #MDAA2103366

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