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$650,000

Beds
2
Baths
2.0
sq ft
1,185

5 Park Pl Unit 303, Annapolis, MD 21401

5 Park Pl Unit 303

ANNAPOLIS, MD 21401

  • 14 days on market
Experience the best of Annapolis living in this beautifully updated two-bedroom condo at The Residences at Park Place. Situated in a prime location, this secure, elevator building offers an array of upscale amenities and unparalleled convenience with on-site management at the front desk. Enjoy walking to restaurants and shops. Step inside to an inviting open-concept layout, where the dining area flows seamlessly into the living room and remodeled kitchen. Hardwood floors, neutral paint tones, and bright interiors create an elegant and welcoming atmosphere. Custom blinds enhance natural light, while crown molding adds a touch of sophistication throughout much of the home. The remodeled kitchen boasts white cabinetry with undermount lighting, sleek quartz countertops, stainless steel appliances, and a breakfast bar—perfect for casual dining or entertaining. The primary suite is a private retreat, featuring dual closets and an en-suite bath with a double vanity, a soaking tub/shower combination, and a luxurious rain shower head with a wand attachment. The second bedroom also includes an attached full bath, offering comfort and privacy for guests or family members. A laundry closet with modern front-loading washer and dryer adds to the home’s convenience. Enjoy peaceful views overlooking the front courtyard and fountain from your living space and take advantage of the incredible amenities Park Place has to offer. Residents have access to a fitness center, fenced dog park, beautifully furnished rear courtyard, swimming pool, hot tub, party room, club room, and library—where you can sip coffee and enjoy conversation with neighbors. The party and club rooms are available for private functions at no cost to residents, and the community also hosts engaging lectures and festive holiday events throughout the year. Beyond the building, Park Place offers an unbeatable lifestyle. With five restaurants just steps away, residents can dine out without ever stepping outside in inclement weather, thanks to underground garage access. The Varuna Salon & Spa is conveniently located at the front entrance, and most Park Place establishments offer resident discounts, including guest stays at the Westin. Explore the best of Annapolis with ease—local restaurants, shops, and attractions are within walking distance, and a free trolley runs every 20 minutes, providing effortless access to the waterfront via West Street. This home includes two deeded garage parking spaces and a private storage unit. The condo fee covers water, gas, and insurance, ensuring maintenance-free living. Recent updates include a full kitchen remodel, fresh interior paint, added shelving in the utility closet, upgraded shower faucets, and a new washer and dryer. With luxurious features, outstanding amenities, and an unbeatable location, this exceptional home offers the perfect blend of style and convenience.

Details

Property type

Condominium

Est. home value

$643,043

Lot size

Unknown

Price per sq ft

$549

Year built

2007

Annual property taxes

$6,384

HOA

No

Price History

03/20/2025
Bright

Bright #MDAA2105896

Listed
$650,000
+16.07%
05/26/2022
Bright

Bright #MDAA2027180

Sold
$560,000

Schools & Community

Elementary school: 

ANNAPOLIS

Middle school: 

BATES

High school: 

ANNAPOLIS

Community features: 

Pool

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

$110,414
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$487,586
Cash to seller
$110,414

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

May 2022

Original loan amount

$511,056

Est. remaining balance

$487,586

Interest rate

4.72%

Loan type

VA, 30 year

Seller

David H Hartzell and Sheherazad A Hartzell

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: 03/29/2025 at 3:25 AM

Listing updated: 03/27/2025 at 4:11 PM

Listed by: Renee Durakis, Northrop Realty Phone #: (410) 295-6579

MLS: Bright #MDAA2105896

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