$2,900,000
SOLD FEB 18, 2025
5 Beds
7 Baths
5,911 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$491 Per Sq Ft

11% Below List Price

10 Days on Market

Highlights

  • Rooftop Deck
  • 0.11 Acre Lot
  • Colonial Architecture
  • Heated Floors
  • Open Floorplan
  • 5-minute walk to Newman Street Playground

About This Home

As of February 2025

Two perfect 18-century homes being sold together. 40 and 38 Cornhill is an exquisite residence in the heart of Downtown Annapolis. Flawlessly renovated and updated with extreme attention to detail, the house has outstanding space and a wonderfully versatile layout for today's lifestyle. No expense was spared in creating and preserving each gorgeous room with beautiful custom finishes on all 4 meticulously maintained, luminous levels. The main kitchen features a massive island, top-of-the-line appliances and the most extraordinary conservatory that opens to the spectacular walled private Savannah garden. Take the elevator from the kitchen to the dreamy primary suite with its immaculate bath and marvelous dressing area with fireplace. The home was designed for entertaining both inside and out. There is plenty of room for all your guests, offices and hobbies. 2nd floor deck has delightful city views and a set up for a large screen TV. Elevator service to the lower level where there is a fantastic gym area with hickory floors and an incredible full bath. Top-of-the-line systems, artful fixtures throughout. Remarkable views of the State House, Navy Chapel and across the Bay. And, of course, there is parking! Just steps to the City Dock. Ask agent about additional rental for parking and garage.

Last Agent to Sell the Property

Alex Tower Sears

(410) 280-5600 atsears@ttrsir.com TTR Sotheby's International Realty License #589774 Listed on: 01/02/2025

TTR Sotheby's International Realty

Last Buyer's Agent

Elizabeth Osborn

(410) 263-8686 khylah.settle@cbmove.com Coldwell Banker Realty License #644596

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $19,960

Year Built

  • Built in 1776 | Remodeled in 2018

Lot Details

  • 4,792 Sq Ft Lot
  • Extensive Hardscape
  • Sprinkler System
  • Property is in excellent condition

Home Design

  • Semi-Detached or Twin Home
  • Colonial Architecture
  • Brick Exterior Construction
  • Wood Walls
  • Wood Roof
  • Rubber Roof

Interior Spaces

  • Property has 4 Levels
  • 1 Elevator
  • Open Floorplan
  • Built-In Features
  • Chair Railings
  • Crown Molding
  • Paneling
  • Wainscoting
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Window Treatments
  • Wood Frame Window
  • French Doors
  • Family Room on Second Floor
  • Living Room
  • Formal Dining Room
  • Loft
  • Workshop
  • Home Gym
  • Basement
  • Laundry in Basement
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Solid Hardwood
  • Heated Floors
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Private Parking
  • Brick Driveway

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Rooftop Deck
  • Enclosed Patio or Porch
  • Terrace
  • Exterior Lighting

Schools

  • Annapolis Elementary School
  • Bates Middle School
  • Annapolis High School

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Natural Gas Water Heater
  • Municipal Trash

Listing and Financial Details

  • Assessor Parcel Number 020600007791800

Community Details

Overview

  • No Home Owners Association
  • Built by Property owned by Wm Paca
  • Historic District Subdivision, #38 & #40 Being Sold Together Floorplan

Security

  • Storm Doors
  • Fire and Smoke Detector
  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$19,960

Year Built

Built in 1776 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Year Built: 1776
  • Year Renovated: 2018
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Extra Refrigerator/Freezer, Microwave, Refrigerator, Washer/Dryer Stacked, Oven - Self Cleaning, Range Hood
  • Flooring Type: Solid Hardwood, Ceramic Tile, Marble, Heated
  • Interior Amenities: Breakfast Area, Built-Ins, Chair Railings, Crown Moldings, Dining Area, Elevator, Entry Level Bedroom, Floor Plan - Open, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Kitchen - Table Space, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Wainscotting, Walk-In Closet(s), Window Treatments, Wood Floors, Sprinkler System
  • Window Features: Skylights, Wood Frame
  • Other Equipment: Negotiable
  • Fireplace: No
  • Door Features: French, Storm
  • Elevators Count: 1
  • Wall Ceiling Types: High, Paneled Walls, Wood Walls
  • Foundation Details: Other
  • Levels Count: 4
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 4, Kitchen, Family Room, 2nd Stry Fam Rm, Exercise Room, Laundry, Loft, Workshop, Bathroom 2, Bathroom 3, Primary Bathroom
  • Basement: Yes
  • Laundry Type: Basement
  • Total Sq Ft: 6226
  • Living Area Sq Ft: 5911
  • Price Per Sq Ft: 656.57
  • Above Grade Finished Sq Ft: 4950
  • Above Grade Unfinished Sq Ft: 207
  • Below Grade Finished Sq Ft: 961
  • Below Grade Sq Ft: 108
  • Total Below Grade Sq Ft: 1069
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • Total Bathrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 4
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 3.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1
  • Upper Level 2 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination, Brick
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Roof Deck, Underground Lawn Sprinkler
  • Roof: Wood, Rubber
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Brick Driveway, Private

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector, Security System, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: ANNAPOLIS
  • High School: ANNAPOLIS
  • Middle Or Junior School: BATES

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4791.60
  • Outdoor Living Structures: Deck(s), Patio(s), Terrace, Enclosed
  • Property Condition: Excellent
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Building Info

  • Builder Name: Property owned by Wm Paca

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 19960.40
  • Assessor Parcel Number: 020600007791800
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2025
Closed on
Feb 17, 2025
Sold by
Carroll Ellen and Carroll Randall
Bought by
Taylor Michael W
Seller's Agent
Alex Tower Sears
TTR Sotheby's International Realty
Buyer's Agent
Elizabeth Osborn
Coldwell Banker Realty
List Price
$3,250,000
Sold Price
$2,900,000
Premium/Discount to List
-$350,000
-10.77%
Views
54
Current Estimated Value
$2,339,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$560,943
Avg. Annual Appreciation
-20.44%

Purchase Details

Closed on
Aug 4, 2014
Sold by
Tate Vernon R
Bought by
Vernon R Tate Sr Revocable Trust

Purchase Details

Closed on
Jan 4, 2008
Sold by
Tate Vida Lea
Bought by
Tate Vida Lea

Purchase Details

Closed on
Sep 5, 2007
Sold by
Tate Vida Lea
Bought by
Tate Vida Lea
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $2,900,000 None Listed On Document
Deed $2,900,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Deed -- --
Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/18/2025 02/18/25 Sold $2,900,000 -10.8% $491 / Sq Ft
01/12/2025 01/12/25 Pending -- -- --
01/02/2025 01/02/25 For Sale $3,250,000 +103.1% $550 / Sq Ft
11/15/2017 11/15/17 Sold $1,600,000 -10.9% $394 / Sq Ft View Prior Sale
09/22/2017 09/22/17 Pending -- -- --
06/23/2017 06/23/17 Price Changed $1,795,000 -7.9% $442 / Sq Ft
04/04/2017 04/04/17 For Sale $1,950,000 -- $480 / Sq Ft
Source: Bright MLS

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 $11,427 $911,200 -- --
2024 $11,427 $795,200 -- --
2023 $9,753 $679,200 $413,700 $265,500
2022 $9,551 $677,833 $0 $0
2021 $9,519 $676,467 $0 $0
2020 $9,519 $675,100 $413,700 $261,400
2019 $9,314 $660,067 $0 $0
2018 $8,972 $645,033 $0 $0
2017 $8,222 $630,000 $0 $0
2016 -- $602,033 $0 $0
2015 -- $574,067 $0 $0
2014 -- $546,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDAA2101040

Bright MLS

APN: 06-000-07791800