tomo logo

$544,900

Beds
4
Baths
2.0
sq ft
2,198

305 Garden Gate Ln, Annapolis, MD 21403

305 Garden Gate Ln

ANNAPOLIS, MD 21403

  • 4 days on market
Wonderful and larger than expected Split this close to Downtown Annapolis with almost 3000 sq ft of finished living space. Home features 4 bedrooms, 2 full updated bathrooms, upgraded kitchen finishes, hardwood floors, newer roof with architectural shingles, an asphalt driveway, and some fresh paint for the new owners. The lower level optimizes flexibility with its separate living area, recreation or gym as well as a kitchen, bedroom and full bath. The studio is almost 700 additional finished sq feet. It is open and has lots of natural light with newer sliding doors maximizing its entertainment and storage ability. Need a large studio for a home office or home gym... this is it. The back yard is a great space that has been meticulously cared for over the last 2 years and is fully fenced for your enjoyment and personal usage. A large patio and fire pit sit off the back addition and open to the studio and back yard too. Truxton Park is within walking distance where you can hop on the boat taxi and go into downtown Annapolis. Naval Academy, BWI Airport, and Ft. Meade and most all commuter routes are easily accessable too.

Details

Property type

Single Family Residence

Est. home value

$497,960

Lot size

7,800 sq ft

Price per sq ft

$248

Year built

1965

Annual property taxes

$5,543

HOA

No

Price History

03/27/2025
Bright

Bright #MDAA2110112

Listed
$544,900
+8.98%
04/07/2023
Bright

Bright #MDAA2051422

Sold
$500,000
+16.01%
04/05/2021
Bright

Bright #MDAA454554

Sold
$431,000

Schools & Community

Elementary school: 

TYLER HEIGHTS

Middle school: 

ANNAPOLIS

High school: 

ANNAPOLIS

Community features: 

Sidewalks, Street Lights

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

$130,287
Asking price
$544,900
Closing costs (~8% of asking)
-$43,592
Est. remaining loan balance
-$371,021
Cash to seller
$130,287

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

Seller’s Loan History

Lender

Prosperity Home Mortgage Llc

Loan start date

April 2023

Original loan amount

$379,687

Est. remaining balance

$371,021

Interest rate

6.32%

Loan type

VA, 30 year

Seller

Barak Banta and Naomi Banta

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: 03/31/2025 at 3:05 PM

Listing updated: 03/28/2025 at 11:56 AM

Listed by: James Dick, Long & Foster Real Estate, Inc. Phone #: (410) 535-1000

MLS: Bright #MDAA2110112

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