Seller's Agent in 2025
Scott Schuetter
BHHS PenFed (actual)
(410) 900-7668
10 in this area
333 Total Sales
107 Conduit St Annapolis, MD 21401
Downtown Annapolis Neighborhood
--
Bed
--
Bath
2,760
Sq Ft
2,415
Sq Ft Lot
Highlights
- Second Kitchen
- Traditional Floor Plan
- Main Floor Bedroom
- Colonial Architecture
- Wood Flooring
- 2-minute walk to Davidsonville Park
About This Home
As of February 2025The historic Smith House is a charming 4-unit home in the heart of downtown Annapolis, steps from Main Street and in the city's most desirable area. The home is the perfect turnkey opportunity for owner-occupy, long-term, and short-term rentals. Units 2, 3 and 4 fully furnished and fully built business ready for immediate income.
The property generates a remarkable annual income through its rented units, making it a profitable investment opportunity. It has been fully leased for the last ten years, with waiting lists for occupancy. Currently, three units are offered as a boutique Airbnb, receiving revenue in the top percentile compared to other Historic Downtown Annapolis properties. The apartments have received impeccable reviews and a Superhost status; you will not find a better ‘house-hacker’ opportunity. It is currently licensed through the city for both short and long-term renters.
The house has undergone significant renovations, including kitchens, baths, and flooring while holding true to the historic nature of this dwelling. Modern updates include glass shower enclosures, quartz countertops, floating shelves, recessed lighting, and Wi-Fi-enabled locks. These mix seamlessly with polished nickel fixtures, an original clawfoot tub, exposed brick, and restored original doors. In addition, it boasts a recently refinished standing metal seam roof, a new main water line and main sewer line, updated electrical, new gutters, and new plumbing in much of the home.
You and your tenants can experience the joys of being minutes from Main Street, City Dock, and the Naval Academy, with the best restaurants, shopping, and art galleries. Acton Cove Park is around the corner, and access to Spa Creek is at the bottom of the street. The Noah-Hillman garage is steps from the property, making it easy for overnight guests to park, and a water taxi stop allows them to explore Annapolis by boat. We welcome you to come visit and see what 107 Conduit has to offer! Investment opportunities in Annapolis like this one don't come along often, don't hesitate!!!
Last Agent to Sell the Property
Berkshire Hathaway HomeServices PenFed Realty License #617188 Listed on: 01/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,555
Year Built
- Built in 1900 | Remodeled in 2021
Lot Details
- 2,415 Sq Ft Lot
- Downtown Location
- Property is in very good condition
Parking
- On-Street Parking
Home Design
- Colonial Architecture
- Frame Construction
- Concrete Perimeter Foundation
Interior Spaces
- Traditional Floor Plan
- Built-In Features
- Chair Railings
- Recessed Lighting
- Window Treatments
- Family Room Off Kitchen
- Unfinished Basement
- Exterior Basement Entry
- Exterior Cameras
Kitchen
- Galley Kitchen
- Second Kitchen
- Kitchen in Efficiency Studio
- Gas Oven or Range
- Built-In Microwave
- Extra Refrigerator or Freezer
- Dishwasher
- Upgraded Countertops
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- Main Floor Bedroom
- Bathtub with Shower
- Walk-in Shower
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
- Porch
Schools
- Annapolis Elementary School
- Bates Middle School
- Annapolis High School
Utilities
- Window Unit Cooling System
- Radiator
- Vented Exhaust Fan
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 020600007206800
Community Details
Overview
- 4 Units
- 3-Story Building
- Historic District Subdivision
Building Details
- 3 Vacant Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 24, 2025
Closed on
Feb 26, 2025
Sold by
Yi John T and Yi Vanessa P
Bought by
Peffley William D and Peffley Heather A
Seller's Agent
Scott Schuetter
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,500,000
Sold Price
$1,550,000
Premium/Discount to List
$50,000
3.33%
Views
50
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,575
Avg. Annual Appreciation
0.92%
Original Mortgage
$1,162,500
Outstanding Balance
$1,156,642
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$400,933
Purchase Details
Listed on
Oct 12, 2023
Closed on
Jan 16, 2024
Sold by
Mcgeever Megan R and Crabtree Jordan L
Bought by
Yi John T and Yi Vanessa P
Seller's Agent
Scott Schuetter
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Kerry O'Hara
Engel & Völkers Annapolis
List Price
$1,975,000
Sold Price
$1,500,000
Premium/Discount to List
-$475,000
-24.05%
Views
163
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.97%
Original Mortgage
$1,350,000
Interest Rate
6.35%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 1, 2013
Closed on
Jul 8, 2014
Sold by
Goldman Ann B and Ann B Goldman Family Trust
Bought by
Crabtree Jordan L and Mcgeever Megan R
Seller's Agent
Vic Pascoe
Keller Williams Select Realtors of Annapolis
Buyer's Agent
June Steinweg
Long & Foster Real Estate, Inc.
List Price
$725,000
Sold Price
$645,000
Premium/Discount to List
-$80,000
-11.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%
Original Mortgage
$633,317
Interest Rate
3.5%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 19, 2007
Sold by
Seiler Ann B
Bought by
Goldman Ann B
Purchase Details
Closed on
Jun 11, 2007
Sold by
Seiler Ann B
Bought by
Goldman Ann B
Purchase Details
Closed on
Feb 2, 1995
Sold by
Seiler Thornton C
Bought by
Seiler Ann B
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,550,000 | Fidelity National Title | |
| Deed | $1,550,000 | Fidelity National Title | |
| Deed | $1,500,000 | Cla Title & Escrow | |
| Deed | $1,500,000 | Cla Title & Escrow | |
| Deed | $645,000 | Title Resources Guaranty Com | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,162,500 | New Conventional | |
| Closed | $1,162,500 | New Conventional | |
| Previous Owner | $1,350,000 | New Conventional | |
| Previous Owner | $140,831 | Credit Line Revolving | |
| Previous Owner | $624,000 | New Conventional | |
| Previous Owner | $633,317 | FHA |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2025 02/26/25 | Sold | $1,550,000 | +3.3% | $562 / Sq Ft |
| 01/25/2025 01/25/25 | Pending | -- | -- | -- |
| 01/24/2025 01/24/25 | For Sale | $1,500,000 | 0.0% | $543 / Sq Ft |
| 01/16/2024 01/16/24 | Sold | $1,500,000 | -3.2% | $543 / Sq Ft |
| 11/11/2023 11/11/23 | Pending | -- | -- | -- |
| 11/05/2023 11/05/23 | Price Changed | $1,550,000 | -8.8% | $562 / Sq Ft |
| 10/26/2023 10/26/23 | Price Changed | $1,700,000 | -13.9% | $616 / Sq Ft |
| 10/12/2023 10/12/23 | For Sale | $1,975,000 | +206.2% | $716 / Sq Ft |
| 07/08/2014 07/08/14 | Sold | $645,000 | -4.4% | $234 / Sq Ft |
| 06/08/2014 06/08/14 | Pending | -- | -- | -- |
| 01/01/2014 01/01/14 | Price Changed | $675,000 | -6.9% | $245 / Sq Ft |
| 10/01/2013 10/01/13 | For Sale | $725,000 | -- | $263 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,555 | $875,200 | -- | -- |
| 2024 | $11,555 | $804,100 | $0 | $0 |
| 2023 | $10,526 | $733,000 | $622,000 | $111,000 |
| 2022 | $10,328 | $733,000 | $622,000 | $111,000 |
| 2021 | $10,585 | $733,000 | $622,000 | $111,000 |
| 2020 | $10,585 | $750,700 | $662,000 | $88,700 |
| 2019 | $10,114 | $716,767 | $0 | $0 |
| 2018 | $9,385 | $682,833 | $0 | $0 |
| 2017 | $8,468 | $648,900 | $0 | $0 |
| 2016 | -- | $648,900 | $0 | $0 |
| 2015 | -- | $692,000 | $0 | $0 |
| 2014 | -- | $693,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Schuetter
-
datacorrect BrightMLS
d
Buyer's Agent in 2025
datacorrect BrightMLS
Non Subscribing Office
-
Kerry O'Hara
Buyer's Agent in 2024
Kerry O'Hara
Engel & Völkers Annapolis
(410) 507-0834
2 in this area
61 Total Sales
-
Vic Pascoe
Seller's Agent in 2014
Vic Pascoe
Keller Williams Select Realtors of Annapolis
(301) 252-7771
7 in this area
62 Total Sales
-
June Steinweg
Buyer's Agent in 2014
June Steinweg
Long & Foster
(410) 353-4157
7 in this area
149 Total Sales
Map
Source: Bright MLS
MLS Number: MDAA2102306
APN: 06-000-07206800
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