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$1,100,000

Beds
4
Baths
2.5
sq ft
2,538

7 Hill St, Annapolis, MD 21401

7 Hill St

ANNAPOLIS, MD 21401

  • 58 days on market
    • Price drop $100,000↓
Welcome to 7 Hill Street, a beautifully maintained and upgraded single-family Colonial home in the heart of Annapolis, MD. This spacious 3-bedroom, 2.5-bath residence offers 2,538 sq ft of living space with modern touches and elegant design throughout. The living room features a cozy gas fireplace, perfect for relaxing, while the gourmet kitchen is ideal for cooking and entertaining. Custom blinds are installed throughout the home, adding chic style and privacy. The primary bedroom offers an ensuite bath and custom closet shelving, and two additional spacious bedrooms provide ample room for family or guests. Upgrades include a tankless water heater, fresh exterior paint, and new outdoor lighting and fixtures. The backyard shed has been converted into a livable structure, adding even more versatile space. This home will be sold fully furnished, excluding the paintings, peloton and birdcage. Many more updates and improvements have been made enhancing this beautiful home's character—see the full list in documents. Also a great option for a short-term rental home - prime location just a few blocks from all Annapolis has to offer. Projected rental income is approximately $75k/year. Don’t miss out on this exceptional home!

Details

Property type

Single Family Residence

Est. home value

$821,221

Lot size

6,490 sq ft

Price per sq ft

$434

Year built

1920

Annual property taxes

$9,837

HOA

No

Price History

11/07/2024
Bright

Bright #MDAA2096346

Price change
$1,100,000
-8.33%
11/01/2024
Bright

Bright #MDAA2096346

Listed
$1,200,000
+33.35%
05/30/2024
Bright

Bright #MDAA2084080

Sold
$899,900
+60.41%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

ANNAPOLIS

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

$541,780
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$470,220
Cash to seller
$541,780

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

Seller’s Loan History

Lender

First Home Mortgage Corp

Loan start date

April 2020

Original loan amount

$520,000

Est. remaining balance

$470,220

Interest rate

3.49%

Loan type

New Conventional, 30 year

Seller

Nicole Campisi Donadio and Michael Anthony Donadio

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: 12/22/2024 at 5:50 AM

Listing updated: 12/03/2024 at 1:52 PM

Listed by: Robert J Chew, Berkshire Hathaway HomeServices PenFed Realty Phone #: (410) 465-4440

MLS: Bright #MDAA2096346

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