$675,000

Residences at Park Place 5 Park Place Unit 507 Annapolis, MD 21401

Forest Villa Neighborhood

Estimated payment $5,254/month

Total Views 34,971
2 Beds
2 Baths
1,277 Sq Ft
$529 Price per Sq Ft

Highlights

  • Concierge
  • Newspaper Service
  • Open Floorplan
  • Fitness Center
  • Gated Community
  • Engineered Wood Flooring

About This Home

Experience luxury and convenience at The Residence at Park Place!! This two-bedroom, two-bathroom condo has been used as a second residence so lightly used! It remains in pristince condition. The open floor plan seamlessly integrates living and dining room areas creating a spacious and bright cheerful setting/home environment. The gourmet kitchen offers granite countertops, breakfast bar, stainless steel applicances, a gas range and plenty of oak cabinetry in addition to a separate pantry. The primary suite feautres a walk-in closet and a serene ensuite bath with a double vanity and tub/shower. The second bedroom offers a spacious walk-in closet, ensuite bath and a upscale Murphy bed which includes a sofa and coffee table professionally installed. Enjoy the convenience of in-unit laundry and the rarity of two assigned garge parking spaces. The community's resort-style amenities include a secure lobby with concierge service, indoor and outdoor pools, hot tub, a fitness center, a party room, a library, a garden area, outdoor dining and a dog park. With dining, shopping, entertainment and historic downtown just minutes away, this is a premier Annapolis living at its finest!

Listing Agent

Ann Chumney

Coldwell Banker Realty License #505590 Listed on: 04/28/2025

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,880

Year Built

  • Built in 2007

HOA Fees

  • $1,032 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Parking Space Conveys
  • 2 Assigned Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,277 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Galley Kitchen
  • Oven
  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Partially Carpeted
  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Electric Dryer

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • Natural Gas Water Heater

Additional Features

  • Garage doors are at least 85 inches wide
  • Terrace

Listing and Financial Details

  • Assessor Parcel Number 020666790227004

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, health club, lawn maintenance, insurance, custodial services maintenance, management, security gate, road maintenance, pool(s), recreation facility, snow removal, trash, water
  • Mid-Rise Condominium
  • Park Place Condos
  • Park Place Subdivision
  • Property Manager

Amenities

  • Concierge
  • Newspaper Service
  • Picnic Area
  • Common Area
  • Billiard Room
  • Community Center
  • Meeting Room
  • Party Room
  • Community Library
  • Community Storage Space
  • Elevator

Recreation

  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed
  • Pet Deposit Required

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,880

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,032 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: >84" Garage Door
  • Ownership: Condominium
  • Historic: No
  • Inclusions: Custom window treatments, Sony 70" OLED TV over fireplace; electric fireplace; Murphy bed including the sofa and coffee table
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2007
  • Remarks Public: Experience luxury and convenience at The Residence at Park Place!! This two-bedroom, two-bathroom condo has been used as a second residence so lightly used! It remains in pristince condition. The open floor plan seamlessly integrates living and dining room areas creating a spacious and bright cheerful setting/home environment. The gourmet kitchen offers granite countertops, breakfast bar, stainless steel applicances, a gas range and plenty of oak cabinetry in addition to a separate pantry. The primary suite feautres a walk-in closet and a serene ensuite bath with a double vanity and tub/shower. The second bedroom offers a spacious walk-in closet, ensuite bath and a upscale Murphy bed which includes a sofa and coffee table professionally installed. Enjoy the convenience of in-unit laundry and the rarity of two assigned garge parking spaces. The community's resort-style amenities include a secure lobby with concierge service, indoor and outdoor pools, hot tub, a fitness center, a party room, a library, a garden area, outdoor dining and a dog park. With dining, shopping, entertainment and historic downtown just minutes away, this is a premier Annapolis living at its finest!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Icemaker, Oven - Single, Refrigerator
  • Entry Floor: 5
  • Flooring Type: Ceramic Tile, Carpet, Engineered Wood, Hardwood, Luxury Vinyl Tile, Partially Carpeted
  • Interior Amenities: Bathroom - Stall Shower, Bathroom - Walk-In Shower, Carpet, Ceiling Fan(s), Bathroom - Tub Shower, Combination Dining/Living, Crown Moldings, Dining Area, Elevator, Floor Plan - Open, Kitchen - Galley, Primary Bath(s), Recessed Lighting, Upgraded Countertops, Walk-In Closet(s), Window Treatments
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1277
  • Living Area Sq Ft: 1277
  • Price Per Sq Ft: 528.58
  • Above Grade Finished Sq Ft: 1277
  • 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: Concrete, Brick, Combination
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Assigned Spaces Count: 2
  • Garage: Yes
  • Parking Features: Assigned, Parking Space Conveys
  • Garage Features: Covered Parking, Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Under Ground
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1032.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: PARK PLACE
  • HOA Condo Co-Op Amenities: Bike Trail, Billiard Room, Common Grounds, Community Center, Concierge, Elevator, Exercise Room, Extra Storage, Fitness Center, Gated Community, Jog/Walk Path, Library, Meeting Room, Newspaper Service, Party Room, Picnic Area, Pool - Outdoor, Reserved/Assigned Parking, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Lawn Maintenance, Insurance, Custodial Services Maintenance, Management, Security Gate, Road Maintenance, Pool(s), Recreation Facility, Snow Removal, Trash, Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Horses: No
  • Land Use Code: U
  • Outdoor Living Structures: Terrace
  • Year Assessed: 2025
  • Zoning: CITY OF ANNAPOLIS
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Pet Addendum/Deposit
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 6880.00
  • Assessor Parcel Number: 020666790227004
  • Tax Total Finished Sq Ft: 1277
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Map

About Residences at Park Place

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $6,880 $478,800 $239,400 $239,400
2024 $6,880 $478,800 $239,400 $239,400
2023 $6,876 $478,800 $239,400 $239,400
2022 $6,746 $478,800 $239,400 $239,400
2021 $13,043 $478,800 $239,400 $239,400
2020 $6,409 $478,800 $239,400 $239,400
2019 $6,371 $457,533 $0 $0
2018 $6,068 $436,267 $0 $0
2017 $5,251 $415,000 $0 $0
2016 -- $403,933 $0 $0
2015 -- $392,867 $0 $0
2014 -- $381,800 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 For Sale $675,000 +28.6% $529 / Sq Ft
11/17/2021 11/17/21 Sold $525,000 -7.1% $411 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
10/16/2021 10/16/21 For Sale $565,000 +20.7% $442 / Sq Ft
03/23/2012 03/23/12 Sold $468,000 -- $366 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $525,000 Eagle Title Llc
Deed $683,637 --
Deed $683,637 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,000 VA
Previous Owner $88,000 Commercial
Previous Owner $268,000 New Conventional
Previous Owner $614,700 Purchase Money Mortgage
Previous Owner $614,700 Purchase Money Mortgage
Source: Public Records

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Source: Bright MLS

MLS Number: MDAA2113228

Bright MLS

APN: 06-667-90227004

Maryland Anne Arundel County Annapolis 21401 Forest Villa

5 Park Place Unit 507, Annapolis, MD

This home is located at 5 Park Place Unit 507, Annapolis, MD 21401 and is currently priced at $675,000, approximately $528 per square foot. This property was built in 2007. 5 Park Place Unit 507 is a home located in Anne Arundel County with nearby schools including Germantown Elementary School, Wiley H. Bates Middle School, and Annapolis High School.

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Nearby Homes
Ann Chumney
Listing Agent
Ann Chumney
Section Image
Coldwell Banker Realty
(443) 222-1721