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$325,000

Beds
2
Baths
2.0
sq ft
1,102

653 Burtons Cove Way Unit 6, Annapolis, MD 21401

653 Burtons Cove Way Unit 6

ANNAPOLIS, MD 21401

  • 48 days on market
    • Price drop $20,000↓
***Investor Special: Currently tenant-occupied til 2/28/2025 at $2,100/month, with the long-term tenant eager to stay and willing to sign a new lease. The seller notes the tenant has been with them for over 10 years, always pays on time, has no pets, and has been a model tenant. Don’t miss the chance to enjoy all that Annapolis and the Chesapeake Bay have to offer at an affordable price!*** Amazing value for this 2-bedroom, 2-bath condo in the highly sought-after Bestgate Corridor of Annapolis! This prime location is just minutes from Historic Annapolis, the Naval Academy, Anne Arundel Medical Center, Annapolis Mall, Navy-Marine Corps Memorial Stadium, and more! Conveniently located on the main entry level (no steps), the condo's rear position on the second level provides peaceful views of the woods from your private balcony. With handicap-accessible doorways, this home is designed for ease and comfort. The spacious primary bedroom offers an ensuite bath and a walk-in closet, while the second bedroom features an attached full bath shared with the hallway. Enjoy the cozy living room with a gas fireplace and easy access to the balcony. The kitchen is fully equipped, featuring gas cooking and a breakfast bar, plus a washer and dryer are included. The community offers a tot lot, sports field, and jogging/walking paths.

Details

Property type

Condominium

Est. home value

$323,229

Lot size

Unknown

Price per sq ft

$295

Year built

1998

Annual property taxes

$3,054

HOA

No

Price History

11/18/2024
Bright

Bright #MDAA2096360

Price change
$325,000
-5.8%
10/10/2024
Bright

Bright #MDAA2096360

Listed
$345,000
+9.52%
02/23/2023
Bright

Bright #MDAA2052126

Sold
$315,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$5,772
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$293,228
Cash to seller
$5,772

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 1 Mortgage Corporation

Loan start date

February 2023

Original loan amount

$299,250

Est. remaining balance

$293,228

Interest rate

6.48%

Loan type

New Conventional, 30 year

Seller

Michael Thomas Cohoon

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: 11/24/2024 at 11:20 PM

Listing updated: 11/18/2024 at 10:04 AM

Listed by: AMELIA E SMITH, Redfin Corp Phone #: (410) 202-8454

MLS: Bright #MDAA2096360

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