NOT LISTED FOR SALE

Residences at Park Place 5 Park Place Unit 508 Annapolis, MD 21401

Forest Villa Neighborhood

Estimated Value: $626,000 - $723,000

2 Beds
2 Baths
1,336 Sq Ft
$796/mo HOA Fee

Last Sold September 24, 2021

Last sale price $485,000 $363 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,240/month

147 Days on Market

Highlights

  • Concierge
  • Beaux Arts Architecture
  • Meeting Room
  • Fitness Center
  • Community Pool
  • Elevator

About This Home

As of September 2021

HUGE PRICE REDUCTION! SELLER IS READY FOR YOUR OFFER. Welcome Home in Luxury! Located downtown Annapolis. Gorgeous 2 bedroom/2 bath condo. Gourmet kitchen with granite counter tops and stainless steel appliances, gas stove. Condo Amenities include On-site security and concierge service, outdoor pool complete with lounge areas and grills, a fully equipped fitness center, party room, library, tv room, and so much more.

Last Agent to Sell the Property

Wanda Melton

EKB Realty License #53616 Listed on: 03/26/2021

Co-Listed By

Candice Bothun

EKB Realty License #676293

Last Buyer's Agent

David Yee

Long & Foster Real Estate, Inc.

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,064

Year Built

  • Built in 2007

Lot Details

  • Property is in excellent condition

HOA Fees

  • $796 Monthly HOA Fees

Parking

Home Design

  • Beaux Arts Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,336 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 020666790227005

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, management, parking fee, pool(s), recreation facility, security gate, snow removal, trash, water
  • Mid-Rise Condominium
  • Residences At Park Place Condos
  • Park Place Subdivision
  • Property Manager

Amenities

  • Concierge
  • Common Area
  • Meeting Room
  • Party Room
  • Elevator

Recreation

Pet Policy

  • Pets Allowed
  • Pet Size Limit

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,064

Year Built

Built in 2007

Lot Details

0

HOA Fees

$796 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Beaux Arts
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-03-26
  • Federal Flood Zone: No
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Remarks Public: HUGE PRICE REDUCTION! SELLER IS READY FOR YOUR OFFER. Welcome Home in Luxury! Located downtown Annapolis. Gorgeous 2 bedroom/2 bath condo. Gourmet kitchen with granite counter tops and stainless steel appliances, gas stove. Condo Amenities include On-site security and concierge service, outdoor pool complete with lounge areas and grills, a fully equipped fitness center, party room, library, tv room, and so much more.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 5
  • Flooring Type: Carpet, Tile/Brick
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1336
  • Living Area Sq Ft: 1336
  • Price Per Sq Ft: 373.50
  • Above Grade Finished Sq Ft: 1336
  • 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: Brick, Mixed
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Garage Features: Inside Access, Underground
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 795.88
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Residences at Park Place
  • HOA Condo Co-Op Amenities: Common Grounds, Concierge, Elevator, Exercise Room, Fitness Center, Meeting Room, Party Room, Reserved/Assigned Parking, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Management, Parking Fee, Pool(s), Recreation Facility, Security Gate, Snow Removal, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS
  • School District Key: 121140671932

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 250500.00
  • Land Assessed Value: 250500.00
  • Lot Size Acres: 0.03
  • Property Condition: Excellent
  • Year Assessed: 2021
  • Zoning: RC
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Size/Weight Restriction
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 15454929
  • Tax Annual Amount: 7064.00
  • Assessor Parcel Number: 020666790227005
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/24/2021

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2023
Sold by
Keegan William
Bought by
Keegan William and Zaret Melissa
Current Estimated Value
$695,929

Purchase Details

Listed on
Mar 26, 2021
Closed on
Sep 24, 2021
Sold by
Drum Michael M and Drum Carol B
Bought by
Keegan William
Seller's Agent
Wanda Melton
EKB Realty
Buyer's Agent
David Yee
Long & Foster Real Estate, Inc.
List Price
$539,000
Sold Price
$485,000
Premium/Discount to List
-$54,000
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.93%

Purchase Details

Closed on
Oct 16, 2007
Sold by
Park Place Residential
Bought by
Drum Michael M and Drum Carol B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2007
Sold by
Park Place Residential
Bought by
Drum Michael M and Drum Carol B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Keegan William -- None Listed On Document
Keegan William $485,000 Eagle Title Llc
Drum Michael M $685,909 --
Drum Michael M $685,909 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drum Michael M $401,421
Previous Owner Drum Michael M $417,000
Previous Owner Drum Michael M $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2021 09/24/21 Sold $485,000 -2.8% $363 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
08/11/2021 08/11/21 Price Changed $499,000 -3.9% $374 / Sq Ft
07/06/2021 07/06/21 Price Changed $519,000 -3.7% $388 / Sq Ft
03/26/2021 03/26/21 For Sale $539,000 0.0% $403 / Sq Ft
05/24/2018 05/24/18 Rented $2,450 -5.8% --
05/24/2018 05/24/18 Under Contract -- -- --
03/06/2018 03/06/18 For Rent $2,600 -- --
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 $7,199 $501,000 $250,500 $250,500
2023 $7,194 $501,000 $250,500 $250,500
2022 $7,059 $501,000 $250,500 $250,500
2021 $7,059 $501,000 $250,500 $250,500
2020 $7,064 $501,000 $250,500 $250,500
2019 $6,755 $478,733 $0 $0
2018 $6,349 $456,467 $0 $0
2017 $5,532 $434,200 $0 $0
2016 -- $422,600 $0 $0
2015 -- $411,000 $0 $0
2014 -- $399,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    Wanda Melton

    EKB Realty

    (410) 268-1697

    2 in this area

    14 Total Sales

    Section Image
  • Candice Bothun

    Seller Co-Listing Agent in 2021

    Candice Bothun

    EKB Realty

    (410) 212-8388

    3 in this area

    65 Total Sales

    Section Image
  • David Yee

    Buyer's Agent in 2021

    David Yee

    Long & Foster

    (410) 487-5980

    2 in this area

    78 Total Sales

    Section Image

  • B

    Buyer's Agent in 2018

    Ben Montemayor

    Realty Local LLC

    (202) 361-6697

    Section Image
See All Agents

About Residences at Park Place

Map

Source: Bright MLS

MLS Number: MDAA459956

Bright MLS

APN: 06-667-90227005

Maryland Anne Arundel County Annapolis 21401 Forest Villa

5 Park Place Unit 508, Annapolis, MD

This home is located at 5 Park Place Unit 508, Annapolis, MD 21401 since 26 March 2021 and is currently estimated at $688,633, approximately $515 per square foot. This property was built in 2007. 5 Park Place Unit 508 is a home located in Anne Arundel County with nearby schools including Germantown Elementary School, Wiley H. Bates Middle School, and Annapolis High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes