NOT LISTED FOR SALE

173 Browns Woods Rd Annapolis, MD 21409

Pendennis Mount Neighborhood

Estimated Value: $839,000 - $957,000

-- Bed
4 Baths
2,448 Sq Ft
$361/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $721,000 $295 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,171/month

2 Days on Market

Highlights

  • Parking available for a boat
  • 1.9 Acre Lot
  • Combination Kitchen and Living
  • Broadneck High School Rated A
  • Backs to Trees or Woods
  • Double Door Entry

About This Home

As of December 2021

INVESTOR ALERT. IMMEDIATE VALUE-ADD POTENTIAL for rare 4-unit in Annapolis. The building is a converted schoolhouse that contains four-two bedroom units. All units are occupied and are on month-to-month leases. The net operating income is approximately $46,434.00. All units are metered separately (plus a common space meter) and have central A/C. Units were updated in 2013 (floors, paint, appliances, and a few with new cabinets). The driveway was asphalted and central A/Cs were installed in 2019. Tenants are responsible for their one electricity and their cable/internet. Owner pays for the common space electric, dumpster, water, septic maintenance, lawn service, and pest control quarterly contract. Have never had issues renting - historically a low vacancy rate for this property. The building sits on 1.9 acres and there MAY BE potential to subdivide the property to create a buildable lot in the rear/side of the property (agent/owner make no representations or promises with respect to the buildable lot; buyer to do their own due diligence). Property is being sold as-is. Tenants would like to stay.

OPEN HOUSE STYLE SHOWINGS: Wednesdays and Sundays. This will help make it easy to get into each property and it's less of an inconvenience to the tenants. Contact the agent for more details for showings.

Last Agent to Sell the Property

Natalie Chamberlain

Taylor Properties License #657773 Listed on: 10/26/2021

Taylor Properties

Co-Listed By

Glenn Watson

Taylor Properties License #17138

Last Buyer's Agent

Alison Buckler

Anne Arundel Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,865

Year Built

  • Built in 1956

Lot Details

  • 1.9 Acre Lot
  • Backs to Trees or Woods

Home Design

  • Quadruplex
  • Dwelling with Rental
  • Converted Dwelling
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,448 Sq Ft Home
  • Replacement Windows
  • Window Screens
  • Double Door Entry
  • Combination Kitchen and Living
  • Crawl Space
  • Electric Oven or Range

Flooring

  • Carpet
  • Laminate

Home Security

  • Fire and Smoke Detector
  • Flood Lights

Parking

  • 12 Parking Spaces
  • 12 Off-Street Spaces
  • Parking available for a boat

Outdoor Features

  • Shed
  • Tenant House
  • Rain Gutters

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heat Pump System
  • Vented Exhaust Fan
  • Programmable Thermostat
  • Electric Water Heater
  • Municipal Trash
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • The owner pays for real estate taxes, trash collection, snow removal, sewer maintenance, pest control, lawn/shrub care, insurance, advertising/licenses and permits
  • Assessor Parcel Number 020300018102004

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $228
  • Trash Expense $203
  • Net Operating Income $46,434

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,865

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Converted Dwelling, Dwelling With Rental
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • Inclusions: Shed
  • New Construction: No
  • Expected On Market: 2021-10-26
  • Year Built: 1956
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: INVESTOR ALERT. IMMEDIATE VALUE-ADD POTENTIAL for rare 4-unit in Annapolis. The building is a converted schoolhouse that contains four-two bedroom units. All units are occupied and are on month-to-month leases. The net operating income is approximately $46,434.00. All units are metered separately (plus a common space meter) and have central A/C. Units were updated in 2013 (floors, paint, appliances, and a few with new cabinets). The driveway was asphalted and central A/Cs were installed in 2019. Tenants are responsible for their one electricity and their cable/internet. Owner pays for the common space electric, dumpster, water, septic maintenance, lawn service, and pest control quarterly contract. Have never had issues renting - historically a low vacancy rate for this property. The building sits on 1.9 acres and there MAY BE potential to subdivide the property to create a buildable lot in the rear/side of the property (agent/owner make no representations or promises with respect to the buildable lot; buyer to do their own due diligence). Property is being sold as-is. Tenants would like to stay. OPEN HOUSE STYLE SHOWINGS: Wednesdays and Sundays. This will help make it easy to get into each property and it's less of an inconvenience to the tenants. Contact the agent for more details for showings.
  • Special Features: None

Interior Features

  • Appliances: Exhaust Fan, Oven/Range - Electric, Refrigerator
  • Flooring Type: Laminate Plank, Carpet
  • Interior Amenities: Combination Kitchen/Living
  • Window Features: Replacement, Screens
  • Fireplace: No
  • Door Features: Double Entry
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 2448
  • Living Area Sq Ft: 2448
  • Price Per Sq Ft: 285.91
  • Above Grade Finished Sq Ft: 2448
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 173

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Tenant House, Shed
  • Construction Materials: Vinyl Siding
  • Exterior Features: Boat Storage, Flood Lights, Gutter System, Sidewalks
  • Road Surface Type: Paved
  • Roof: Asphalt, Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Total Garage And Parking Spaces: 12
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 12

Utilities

  • Refuse: 298.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s), Multi Units, Programmable Thermostat
  • Heating Fuel: Electric
  • Heating Type: Central, Forced Air, Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Pest Control Expense: 62.50
  • Security: Smoke Detector
  • Sewer/Septic System: Private Septic Tank
  • Utilities: Cable Tv Available, Electric Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • School District Key: 121140671932
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 174300.00
  • Land Assessed Value: 174000.00
  • Land Use Code: 011
  • Lot Features: Backs To Trees
  • Lot Size Acres: 1.90
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 82764.00
  • Year Assessed: 2021
  • Zoning: R1
  • In City Limits: No

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 4
  • Owner Pays: Taxes - Real Estate, Trash Collection, Snow Removal, Sewer Maintenance, Pest Control, Lawn/Shrub Care, Insurance, Advertising/Licenses And Permits
  • Rent Control: No
  • Total Actual Rent: 60250.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15198287
  • Tax Annual Amount: 4865.00
  • Assessor Parcel Number: 020300018102004
  • Tax Page Number: 58
  • Tax Total Finished Sq Ft: 2448
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 12/17/2021

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2022
Sold by
Arthur Brian
Bought by
Amble Properties Llc
Current Estimated Value
$883,676

Purchase Details

Listed on
Oct 26, 2021
Closed on
Dec 17, 2021
Sold by
Ring Holdings Llc
Bought by
Arthur Brian and Arthur Marie Ebers
Seller's Agent
Natalie Chamberlain
Taylor Properties
Buyer's Agent
Alison Buckler
Anne Arundel Properties, Inc.
List Price
$699,900
Sold Price
$721,000
Premium/Discount to List
$21,100
3.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.13%
Original Mortgage
$450,900
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 18, 2013
Closed on
Nov 15, 2013
Sold by
The Bank Of New York Mellon
Bought by
Ring Holdings Llc
Seller's Agent
Angie Hashempour
Hometime Realty, LLC
Buyer's Agent
Glenn Watson
Taylor Properties
List Price
$359,900
Sold Price
$330,000
Premium/Discount to List
-$29,900
-8.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.14%
Original Mortgage
$750,000
Interest Rate
4.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 18, 2013
Closed on
Oct 1, 2013
Sold by
Gurka Matt
Bought by
The Bank Of New York Mellon
Seller's Agent
Angie Hashempour
Hometime Realty, LLC
Buyer's Agent
Glenn Watson
Taylor Properties
List Price
$359,900
Sold Price
$330,000
Premium/Discount to List
-$29,900
-8.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2007
Sold by
Blanch David S
Bought by
Gurka Matt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
8.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2007
Sold by
Blanch David S
Bought by
Gurka Matt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,750
Interest Rate
8.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Amble Properties Llc -- Quiet Title
Arthur Brian $721,000 Quiet Title Llc
Arthur Brian $721,000 Quiet Title
Ring Holdings Llc $330,000 Gateway Title Inc
The Bank Of New York Mellon $511,998 None Available
Gurka Matt $465,000 --
Gurka Matt $465,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arthur Brian $450,900
Previous Owner Ring Holdings Llc $280,000
Previous Owner Ring Holdings Llc $750,000
Previous Owner Gurka Matt $441,750
Previous Owner Gurka Matt $441,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $721,000 +3.0% $295 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
10/26/2021 10/26/21 For Sale $699,900 +112.1% $286 / Sq Ft
11/15/2013 11/15/13 Sold $330,000 -8.3% $135 / Sq Ft
10/29/2013 10/29/13 Pending -- -- --
09/18/2013 09/18/13 For Sale $359,900 -- $147 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $4,268 $419,833 -- --
2024 $4,268 $380,800 $199,000 $181,800
2023 $4,134 $369,967 $0 $0
2022 $3,842 $359,133 $0 $0
2021 $3,729 $348,300 $174,000 $174,300
2020 $3,708 $345,967 $0 $0
2019 $3,687 $343,633 $0 $0
2018 $3,461 $341,300 $169,000 $172,300
2017 $3,568 $340,233 $0 $0
2016 -- $339,167 $0 $0
2015 -- $338,100 $0 $0
2014 -- $338,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Natalie Chamberlain

    Seller's Agent in 2021

    Natalie Chamberlain

    Taylor Properties

    (410) 533-3362

    1 in this area

    29 Total Sales

    Natalie Chamberlain
    Section Image

  • G

    Seller Co-Listing Agent in 2021

    Glenn Watson

    Taylor Properties

    Section Image

  • A

    Buyer's Agent in 2021

    Alison Buckler

    Anne Arundel Properties, Inc.

    (703) 980-5234

    1 in this area

    11 Total Sales

    Alison Buckler
    Section Image
  • Angie Hashempour

    Seller's Agent in 2013

    Angie Hashempour

    Hometime Realty, LLC

    (301) 793-3614

    184 Total Sales

    Angie Hashempour
    Section Image
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Map

Source: Bright MLS

MLS Number: MDAA2000619

Bright MLS

APN: 03-000-18102004

Maryland Anne Arundel County Annapolis 21409 Pendennis Mount

173 Browns Woods Rd, Annapolis, MD

This home is located at 173 Browns Woods Rd, Annapolis, MD 21409 since 26 October 2021 and is currently estimated at $883,676, approximately $360 per square foot. This property was built in 1956. 173 Browns Woods Rd is a home located in Anne Arundel County with nearby schools including Arnold Elementary School, Severn River Middle School, and Broadneck High School.

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