tomo logo

$1,900,000

Beds
4
Baths
2.5
sq ft
5,814

400 Ferry Point Rd, Annapolis, MD 21403

400 Ferry Point Rd

ANNAPOLIS, MD 21403

  • Pending
    • Price drop $100,000↓
Seller has obtained Approval to construct an on-site sewage disposal system. System to be installed by and at cost of buyer. See approval in online documents with approval to construct and approved septic site plan. Limited Home Addition has been granted with conditions set forth in documents and agreement that can be shared to interested parties. Don't miss your opportunity to build on one of the most scenic waterfront properties with magnificent views of the South River that was once the site of a part of Annapolis' ferry boat history, Boasting 1.15 acres and approximately 200' of frontage, property has existing pier (in need of repair or replacement). Tax card reflects the previously existing boat house so may have potential to rebuild boathouse (Buyer's responsibility to verify).

Details

Property type

Single Family Residence

Est. home value

$3,009,930

Lot size

1.15 acres

Price per sq ft

$327

Year built

1935

Annual property taxes

$26,750

Monthly HOA fee

$12.5

Price History

09/15/2024
Bright

Bright #MDAA2053852

Pending
$1,900,000
08/21/2024
Bright

Bright #MDAA2053852

Price change
$1,900,000
-5%
08/13/2024
Bright

Bright #MDAA2053852

Listed
$2,000,000

Schools & Community

Elementary school: 

HILLSMERE

Middle school: 

ANNAPOLIS

High school: 

ANNAPOLIS

School district: 

ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Joel M Hockett

Loan start date

February 2012

Original loan amount

$1,800,000

Est. remaining balance

Not provided

Interest rate

3.91%

Loan type

Not Provided

Seller

Joseph G Gorski

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: Pending/Under Contract

Tomo last checked: 11/03/2024 at 9:10 AM

Listing updated: 10/08/2024 at 8:36 AM

Listed by: Kathleen A May, Synergy Realty Phone #: (410) 761-8575

MLS: Bright #MDAA2053852

Bright logo

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