Seller's Agent in 2024
Vic Pascoe
Keller Williams Select Realtors of Annapolis
(301) 252-7771
8 in this area
69 Total Sales
114 Conduit St Annapolis, MD 21401
Downtown Annapolis Neighborhood
--
Bed
--
Bath
2,620
Sq Ft
1,600
Sq Ft Lot
Highlights
- Federal Architecture
- Forced Air Heating System
- 2-minute walk to Davidsonville Park
- Eat-In Country Kitchen
- Property is in excellent condition
About This Home
As of June 20243 homes in 1 !! This historic property presents a lucrative investment opportunity, comprised of distinct income generating components-three rental apartments plus an off street parking space. The property is a perfect turn key opportunity for owner occupancy, long term rental and short term rental. These rental units are ready to go on the market and ready to be rented. No stone has been unturned. You won't need to do anything to these units !!
The first level features 2 bedrooms and 1 bath, a light filled living room, and great kitchen. All the comforts you'll need in downtown Annapolis. Gas heat and cooking, new A/C in 2023 and updated kitchen (2023) and bath. Full size washer and dryer. Solid wood flooring and fresh paint make this move in ready.
Go outside to the separate entrance and you'll find 2 one bedroom 1 bath apartments, fully remodeled and ready to go. Each apartment has new Carrier split duct cooling and heating systems (2024), new appliances and have been freshly carpeted and painted. The units share a stackable washer/dryer.
The possibilities of this building are endless. Currently, the downstairs 2 bedroom unit is a profitable short term rental and the 2 upper units are licensed long term rentals. The building is vacant so the skies the limit on how you decide to use this building.
Each apartment is separately metered.
Basement has storage.
Situated in the heart of it all. Walk to everything. Main Street is 2 blocks, Eastport is a short walk. Marinas, restaurants, shopping and schools all within walking distance. Recently painted inside and out, roof re-coated and sealed (May 2024) the house is lovingly maintained.
Hurry, this incredible investment will not last !!
Last Agent to Sell the Property
Keller Williams Select Realtors of Annapolis License #597300 Listed on: 05/31/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,203
Year Built
- Built in 1800 | Remodeled in 2024
Lot Details
- 1,600 Sq Ft Lot
- Property is in excellent condition
Parking
- Off-Street Parking
Home Design
- Triplex
- Federal Architecture
- Brick Foundation
- Shingle Siding
Kitchen
- Eat-In Country Kitchen
- Dishwasher
Basement
- Partial Basement
- Front Basement Entry
Utilities
- Ductless Heating Or Cooling System
- Forced Air Heating System
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Tax Lot 114
- Assessor Parcel Number 020600005989200
Community Details
Overview
- 3 Units
- Historic District Subdivision
Building Details
- 3 Vacant Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2024
Closed on
Jun 20, 2024
Sold by
Ledoux Conrad Christopher and Ledoux Amy A
Bought by
Cg Properties 114 Conduit Llc
Seller's Agent
Vic Pascoe
Keller Williams Select Realtors of Annapolis
Buyer's Agent
Rick Mudd
RE/MAX Executive
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%
Total Days on Market
8
Views
42
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
-$19,068
Avg. Annual Appreciation
-1.38%
Purchase Details
Closed on
Nov 21, 2003
Sold by
Melton Wanda
Bought by
Ledoux C Christopher C and Ledoux Amy A
Purchase Details
Closed on
May 14, 2002
Sold by
Palaigos Peter
Bought by
Melton Wanda
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 | $1,450,000 | Quiet Title | |
| Deed | $549,900 | -- | |
| Deed | $293,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $391,000 | New Conventional | |
| Previous Owner | $419,500 | New Conventional | |
| Closed | -- | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2024 06/20/24 | Sold | $1,450,000 | 0.0% | $553 / Sq Ft |
| 06/20/2024 06/20/24 | Sold | $1,450,000 | -6.5% | $553 / Sq Ft |
| 05/31/2024 05/31/24 | For Sale | $1,550,000 | 0.0% | $592 / Sq Ft |
| 05/31/2024 05/31/24 | For Sale | $1,550,000 | -- | $592 / 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 |
|---|---|---|---|---|
| 2024 | $9,814 | $682,967 | $0 | $0 |
| 2023 | $9,203 | $640,900 | $526,800 | $114,100 |
| 2022 | $9,030 | $640,900 | $526,800 | $114,100 |
| 2021 | $9,410 | $667,733 | $0 | $0 |
| 2020 | $9,410 | $667,400 | $554,300 | $113,100 |
| 2019 | $8,845 | $626,867 | $0 | $0 |
| 2018 | $8,156 | $586,333 | $0 | $0 |
| 2017 | $7,123 | $545,800 | $0 | $0 |
| 2016 | -- | $536,833 | $0 | $0 |
| 2015 | -- | $527,867 | $0 | $0 |
| 2014 | -- | $518,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Vic Pascoe
-
Rick Mudd
Buyer's Agent in 2024
Rick Mudd
RE/MAX
(410) 245-6365
6 in this area
91 Total Sales
Map
Source: Bright MLS
MLS Number: MDAA2086200
APN: 06-000-05989200
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