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$412,190Estimated home value

Beds
1
Baths
1.5
sq ft
916

5 Park Pl Unit 532, Annapolis, MD 21401

5 Park Pl Unit 532

ANNAPOLIS, MD 21401

  • Off market
    • Price drop $5,000↓
The absolutely perfect pied a terre in coveted Park Place! #532 has everything you need (and more!) to take advantage of the vibrant Annapolis lifestyle without the huge price tag. Beautiful updated kitchen with lovely quartz counters and tile backsplash opens to great room with hardwood floors. Primary suite has two closets including a walk-in. The bonus powder room off the entrance hall has a convenient full sized stacked washer and dryer. Enjoy true "Lock and Leave" luxury living with all of the fabulous amenities Park Place offers including stunning outdoor pool, great patio/ outdoor space with grills and plenty of great places to relax and entertain. Secure building with concierge, dog park, gym, party and game rooms and more! The ideal location for a stroll Downtown or to dozens of restaurants, fun shopping and the Navy Stadium. The free circulator shuttle to the City Dock is just steps from the main entrance. Deeded parking space N123 and Storage Unit #216 convey.

Details

Property type

Condominium

Est. home value

$412,190

Lot size

Unknown

Price per sq ft

$470

Year built

2007

Annual property taxes

$4,933

HOA

No

Price History

06/25/2024

Bright #MDAA2083218

Removed
$430,000
06/10/2024

Bright #MDAA2083218

Price change
$430,000
-1.15%
05/28/2024

Bright #MDAA2083218

Listed
$435,000
+16%

Schools & Community

Elementary school: 

ANNAPOLIS

Middle school: 

BATES

High school: 

ANNAPOLIS

Community features: 

Pool

School district: 

ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Tracey, Home Search Advisor
Tracey
Home Search Advisor

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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

$335,440
Asking price
$430,000
Closing costs (~8% of asking)
-$34,400
Est. remaining loan balance
-$60,160
Cash to seller
$335,440

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

Seller’s Loan History

Lender

Sandy Spring Bank

Loan start date

November 2020

Original loan amount

$90,000

Est. remaining balance

$60,160

Interest rate

2.36%

Loan type

New Conventional, 10 year

Seller

Joseph Tierney and Eleanor Tierney

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: Off Market

Tomo last checked: 06/26/2024 at 3:00 PM

Listing updated: 06/14/2024 at 2:54 PM

Listed by: Alexandra T Sears, TTR Sotheby's International Realty Phone #: (410) 280-5600

MLS: Bright #MDAA2083218

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