40 Greystone Ct Unit G Annapolis, MD 21403
Estimated payment $2,223/month
Highlights
- Fitness Center
- Penthouse
- Colonial Architecture
- Hillsmere Elementary School Rated 9+
- Open Floorplan
- Clubhouse
About This Home
Turnkey Investment Opportunity – 2 Bed, 2 Bath Condo with Tenant in Place + Rental Upside.
Excellent opportunity for investors seeking immediate rental income with future growth potential. This well-maintained 2-bedroom, 2-bathroom condo is currently leased at $2,200/month, providing steady cash flow from day one, with market rents estimated around $2,600/month—offering clear upside.
The unit features a bright, open layout with abundant natural light, a cozy wood-burning fireplace, and the convenience of an in-unit washer and dryer. The updated kitchen includes modern appliances, while recent upgrades such as a 2-year-old HVAC system and newer carpet (installed within the last 2 years) help minimize near-term maintenance costs.
The spacious primary suite includes a private en-suite bathroom, and the second bedroom offers flexibility for tenants or future owner use. The unit also includes two assigned parking spaces, a highly desirable feature for both tenants and homeowners.
Located in a well-maintained community with sought-after amenities including a pool and fitness center, this property is attractive to renters and equally appealing as a comfortable future residence—perfect for an investor today and homeowner tomorrow.
Ideally situated with easy access to parks, shopping, and downtown, the location supports strong and consistent rental demand.
Tenant in place—making this a true turnkey investment. Immediate income today with the potential to increase rents closer to market value.
Listing Agent
(301) 424-0900 Ramtinz@comcast.net Long & Foster Real Estate, Inc. Brokerage Phone: 3014240900 License #0225099364 Listed on: 04/23/2026
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,222
Year Built
- Built in 1991 | Remodeled in 2024
HOA Fees
- $310 Monthly HOA Fees
Home Design
- Penthouse
- Colonial Architecture
- Entry on the 2nd floor
- Vinyl Siding
Interior Spaces
- 1,336 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- 1 Fireplace
- Combination Dining and Living Room
Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Built-In Microwave
- ENERGY STAR Qualified Refrigerator
- ENERGY STAR Qualified Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Bathroom
- 2 Full Bathrooms
- Bathtub with Shower
Laundry
- Laundry in unit
- Stacked Washer and Dryer
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Parking Lot
Accessible Home Design
- Doors are 32 inches wide or more
Utilities
- 90% Forced Air Heating and Cooling System
- Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Coming Soon on 5/1/26
- Assessor Parcel Number 020601890072590
Community Details
Overview
- Association fees include common area maintenance, management, pool(s), reserve funds, road maintenance, snow removal, trash, lawn care front
- Low-Rise Community
- Metropolis Condo Association Condos
- Annapolis Overlook Subdivision
- Property Manager
Amenities
- Clubhouse
Recreation
- Fitness Center
- Community Pool
Pet Policy
- Limit on the number of pets
- Dogs and Cats Allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,007 | $224,833 | -- | -- |
| 2024 | $3,007 | $209,267 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/14/2020 08/14/20 | Sold | $202,500 | -1.2% | $152 / Sq Ft | View Prior Sale |
| 07/01/2020 07/01/20 | Pending | -- | -- | -- | |
| 06/23/2020 06/23/20 | For Sale | $205,000 | +6.8% | $153 / Sq Ft | |
| 12/09/2016 12/09/16 | Sold | $192,000 | -1.5% | $144 / Sq Ft | View Prior Sale |
| 10/20/2016 10/20/16 | Pending | -- | -- | -- | |
| 09/23/2016 09/23/16 | For Sale | $195,000 | -- | $146 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $202,500 | Rgs Title Llc | |
| Deed | $192,000 | Sage Title Group Llc | |
| Deed | $195,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $186,500 | -- | |
| Deed | $186,500 | -- | |
| Deed | $108,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $151,875 | New Conventional | |
| Previous Owner | $182,400 | New Conventional | |
| Closed | -- | No Value Available |
Source: Bright MLS
MLS Number: MDAA2142956
APN: 06-018-90072590
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