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$690,000

Beds
2
Baths
2.0
sq ft
1,056

5 Park Pl Unit 514, Annapolis, MD 21401

5 Park Pl Unit 514

ANNAPOLIS, MD 21401

  • 3 days on market
Move right in and enjoy the fabulous downtown Annapolis lifestyle in this meticulously maintained 2bdr/2bath unit in the amenity-rich upscale community of Park Place! As you walk through the unit's front door, you will quickly realize how turnkey this home is - high-end countertops and appliances, breakfast bar/kitchen-island seating, moldings, plantation shutters, and beautiful and immaculate wood floors immediately greet you. The open-concept kitchen/living area with tons of beautiful natural light is inviting and the perfect place to relax and enjoy. As you continue through the unit, you will be blown away by the detail that went into all the updates. Both bedrooms offer fresh carpet, fresh paint, tasteful wallpaper, and newly added plantation shutters. Not to mention BOTH the primary and secondary full bathrooms have been totally and tastefully renovated. Other updates include a new washer/dryer and a newer HVAC (2019). The owners have spared no expense and have taken exquisite care of this beautiful home -- 514 is truly ready for you to MOVE RIGHT IN! The icing on the cake is the 2-PRIVATELY OWNED PARKING SPACES and 1 STORAGE UNIT that convey!!! The parking is ideally located immediately inside the garage entrance and steps from the elevator. Community amenities include an in-ground swimming pool, hot tub, front concierge desk & security, dog park, and so much more! Come look at all this unit offers - you will not be disappointed!!!!

Details

Property type

Condominium

Est. home value

$543,860

Lot size

Unknown

Price per sq ft

$654

Year built

2007

Annual property taxes

$5,690

HOA

No

Price History

09/26/2024
Bright

Bright #MDAA2094974

Listed
$690,000
+41.1%
06/14/2021
Bright

Bright #MDAA464052

Sold
$489,000
+6.3%
03/24/2017
Bright

Bright #1001311463

Sold
$460,000

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

$289,368
Asking price
$690,000
Closing costs (~8% of asking)
-$55,200
Est. remaining loan balance
-$345,432
Cash to seller
$289,368

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

Seller’s Loan History

Lender

Equity Resources Inc

Loan start date

January 2022

Original loan amount

$366,000

Est. remaining balance

$345,432

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Caitlin Whately and Jeremiah Whately

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: 09/27/2024 at 8:30 PM

Listing updated: 09/26/2024 at 12:17 AM

Listed by: Scott M. Schuetter, Berkshire Hathaway HomeServices PenFed Realty Phone #: (410) 266-0600

MLS: Bright #MDAA2094974

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