NOT LISTED FOR SALE

5 Maryland Ave Unit 8 Annapolis, MD 21401

Downtown Annapolis Neighborhood

Estimated Value: $599,534

2 Beds
2 Baths
1,112 Sq Ft
$569/mo HOA Fee

Last Sold April 28, 2023

Last sale price $525,000 $472 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,332/month

3 Days on Market

Highlights

  • Gourmet Kitchen
  • Colonial Architecture
  • Courtyard Views
  • Open Floorplan
  • 1 Fireplace
  • Balcony

About This Home

As of April 2023

Welcome to the Admiral Terry Building, where you can experience the charm and history of Annapolis living at your doorstep. This 2 bedroom, 2 full bath unit is the epitome of elegance and sophistication, with a prime location just steps from Gate 3 of the United States Naval Academy.

Beautiful hardwood floors grace the unit and high ceilings create an open and inviting atmosphere. The living room features a cozy fireplace, and the updated kitchen is a chef's dream, complete with all the modern amenities you need to prepare gourmet meals.

The primary bedroom is a true retreat, with a large walk-in closet and a private balcony with an amazing view of the Naval Academy Chapel. Also enjoy the outdoors from your beautiful shared patio. Both bedrooms have blackout shades to ensure a restful night's sleep.

This unit has been tastefully updated with new paint and carpeting, as well as new moldings and a new mantel. Newly installed windows in the primary bedroom are up to historic code, ensuring that you can enjoy all the modern comforts while still preserving the character and charm of the building. Additional upgrades include a new HVAC unit (summer 2022), new wiring for TVs, and a new dishwasher and disposal in the kitchen.

Maryland Avenue is one of the most desirable streets in Annapolis, and this unit is just steps away from the city dock, great bars & restaurants, a wine store, a barber shop, and various street festivals throughout the year. Whether you're looking for a night out on the town or a quiet evening at home, this location offers the best of both worlds.

Last Agent to Sell the Property

Travis Gray

Engel & Völkers Annapolis License #636268 Listed on: 03/25/2023

Engel & Völkers Annapolis

Last Buyer's Agent

Gary Schneider

Long & Foster Real Estate, Inc. License #611843

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,162

Year Built

  • Built in 1880

Lot Details

  • Downtown Location
  • Historic Home
  • Property is in very good condition

HOA Fees

  • $569 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Stucco

Interior Spaces

  • 1,112 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • 1 Fireplace
  • Combination Dining and Living Room
  • Courtyard Views
  • Stacked Washer and Dryer

Kitchen

  • Gourmet Kitchen
  • Electric Oven or Range
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Grill

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 020601390043803

Community Details

Overview

  • Association fees include sewer, lawn maintenance, trash, management
  • Low-Rise Condominium
  • Admiral Terry Condo Community
  • Historic District Subdivision

Amenities

  • Common Area

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,162

Year Built

Built in 1880

Lot Details

0

HOA Fees

$569 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: Yes
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-03-25
  • Year Built: 1880
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to the Admiral Terry Building, where you can experience the charm and history of Annapolis living at your doorstep. This 2 bedroom, 2 full bath unit is the epitome of elegance and sophistication, with a prime location just steps from Gate 3 of the United States Naval Academy. Beautiful hardwood floors grace the unit and high ceilings create an open and inviting atmosphere. The living room features a cozy fireplace, and the updated kitchen is a chef's dream, complete with all the modern amenities you need to prepare gourmet meals. The primary bedroom is a true retreat, with a large walk-in closet and a private balcony with an amazing view of the Naval Academy Chapel. Also enjoy the outdoors from your beautiful shared patio. Both bedrooms have blackout shades to ensure a restful night's sleep. This unit has been tastefully updated with new paint and carpeting, as well as new moldings and a new mantel. Newly installed windows in the primary bedroom are up to historic code, ensuring that you can enjoy all the modern comforts while still preserving the character and charm of the building. Additional upgrades include a new HVAC unit (summer 2022), new wiring for TVs, and a new dishwasher and disposal in the kitchen. Maryland Avenue is one of the most desirable streets in Annapolis, and this unit is just steps away from the city dock, great bars & restaurants, a wine store, a barber shop, and various street festivals throughout the year. Whether you're looking for a night out on the town or a quiet evening at home, this location offers the best of both worlds.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Washer, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 2
  • Interior Amenities: Kitchen - Gourmet, Dining Area, Combination Dining/Living, Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1112
  • Living Area Sq Ft: 1112
  • Price Per Sq Ft: 448.74
  • Above Grade Finished Sq Ft: 1112
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Exterior Features: Bbq Grill
  • Spa: No
  • View: Courtyard
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 569.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds
  • HOA Condo Co-Op Fee Includes: Sewer, Lawn Maintenance, Trash, Management
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 239100.00
  • Land Assessed Value: 239000.00
  • Land Use Code: U
  • Outdoor Living Structures: Balcony, Patio(s)
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: R1
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15318621
  • Tax Annual Amount: 6162.00
  • Assessor Parcel Number: 020601390043803
  • Tax Total Finished Sq Ft: 1112
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 04/28/2023

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2023
Closed on
Apr 28, 2023
Sold by
Breen Christopher
Bought by
Hubley Meghan
Seller's Agent
Travis Gray
Engel & Völkers Annapolis
Buyer's Agent
Gary Schneider
Long & Foster Real Estate, Inc.
List Price
$499,000
Sold Price
$525,000
Premium/Discount to List
$26,000
5.21%
Total Days on Market
3
Views
89
Current Estimated Value
$599,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,534
Avg. Annual Appreciation
6.53%
Original Mortgage
$525,000
Outstanding Balance
$513,236
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$86,298

Purchase Details

Listed on
Jun 10, 2018
Closed on
Aug 16, 2018
Sold by
5 Maryland Avenue Llc
Bought by
Katherincie Julia and Breen Christopher
Seller's Agent
Phil Gerdes
Real Broker, LLC - Annapolis
Buyer's Agent
Phil Gerdes
Real Broker, LLC - Annapolis
List Price
$515,000
Sold Price
$500,000
Premium/Discount to List
-$15,000
-2.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.04%
Original Mortgage
$300,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 13, 2015
Closed on
May 19, 2015
Sold by
Rhodes Cindy L
Bought by
5 Maryland Avenue Llc
Seller's Agent
David Noce
RE/MAX Leading Edge
Buyer's Agent
Janet Brennan
Coldwell Banker Realty
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.08%

Purchase Details

Listed on
Oct 14, 2011
Closed on
Aug 31, 2012
Sold by
Butler Thomas W
Bought by
Rhodes Cindy L
Seller's Agent
Ralph Johnson
Anne Arundel Properties, Inc.
Buyer's Agent
David Noce
RE/MAX Leading Edge
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$240,000
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 15, 1997
Sold by
Bowie Elizabeth C
Bought by
Butler Thomas W

Purchase Details

Closed on
Nov 25, 1988
Sold by
Equity Fund Prop
Bought by
Bowie Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
10.39%
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 Buyer Sale Price Title Company
Hubley Meghan $525,000 Sage Title Group
Katherincie Julia $500,000 Sage Title Group Llc
5 Maryland Avenue Llc $300,000 None Available
Rhodes Cindy L $300,000 Home First Title Group Llc
Butler Thomas W $155,000 --
Bowie Elizabeth C $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hubley Meghan $525,000
Previous Owner Katherincie Julia $300,000
Previous Owner Rhodes Cindy L $240,000
Previous Owner Butler Thomas W $150,000
Previous Owner Butler Thomas W $51,953
Previous Owner Butler Thomas $50,000
Previous Owner Bowie Elizabeth C $80,000
Closed Butler Thomas W --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $525,000 +5.2% $472 / Sq Ft
03/25/2023 03/25/23 For Sale $499,000 -0.2% $449 / Sq Ft
08/16/2018 08/16/18 Sold $500,000 -2.9% $383 / Sq Ft
07/14/2018 07/14/18 Pending -- -- --
06/10/2018 06/10/18 For Sale $515,000 +71.7% $395 / Sq Ft
05/22/2015 05/22/15 Sold $300,000 -4.8% $270 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $315,000 +5.0% $283 / Sq Ft
08/31/2012 08/31/12 Sold $300,000 -7.7% $270 / Sq Ft
07/03/2012 07/03/12 Pending -- -- --
04/12/2012 04/12/12 For Sale $325,000 0.0% $292 / Sq Ft
03/20/2012 03/20/12 Pending -- -- --
03/06/2012 03/06/12 Price Changed $325,000 0.0% $292 / Sq Ft
03/06/2012 03/06/12 For Sale $325,000 -7.1% $292 / Sq Ft
02/26/2012 02/26/12 Pending -- -- --
01/07/2012 01/07/12 Price Changed $349,999 0.0% $315 / Sq Ft
10/14/2011 10/14/11 For Sale $350,000 -- $315 / 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
2024 $6,977 $485,533 $0 $0
2023 $6,866 $478,100 $239,000 $239,100
2022 $6,162 $437,333 $0 $0
2021 $5,588 $396,567 $0 $0
2020 $5,017 $355,800 $177,900 $177,900
2019 $4,916 $348,400 $0 $0
2018 $4,743 $341,000 $0 $0
2017 $3,882 $333,600 $0 $0
2016 -- $296,533 $0 $0
2015 -- $259,467 $0 $0
2014 -- $222,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Travis Gray

    Seller's Agent in 2023

    Travis Gray

    Engel & Völkers Annapolis

    (301) 641-0809

    16 in this area

    109 Total Sales

    Travis Gray
    Section Image
  • Gary Schneider

    Buyer's Agent in 2023

    Gary Schneider

    Long & Foster

    (443) 370-7505

    3 in this area

    97 Total Sales

    Gary Schneider
    Section Image
  • Phil Gerdes

    Seller's Agent in 2018

    Phil Gerdes

    Real Broker, LLC - Annapolis

    (443) 694-7366

    7 in this area

    666 Total Sales

    Phil Gerdes
    Section Image
  • David Noce

    Seller's Agent in 2015

    David Noce

    RE/MAX

    (410) 991-2847

    1 in this area

    41 Total Sales

    David Noce
    Section Image

  • J

    Buyer's Agent in 2015

    Janet Brennan

    Coldwell Banker (NRT-Southeast-MidAtlantic)

  • R

    Seller's Agent in 2012

    Ralph Johnson

    Anne Arundel Properties, Inc.

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDAA2056192

Bright MLS

APN: 06-013-90043803

Maryland Anne Arundel County Annapolis 21401 Downtown Annapolis

5 Maryland Ave Unit 8, Annapolis, MD

This home is located at 5 Maryland Ave Unit 8, Annapolis, MD 21401 since 25 March 2023 and is currently priced at $599,534, approximately $539 per square foot. This property was built in 1880. 5 Maryland Ave Unit 8 is a home located in Anne Arundel County with nearby schools including Annapolis Elementary School, Wiley H. Bates Middle School, and Annapolis High School.

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