NOT LISTED FOR SALE

Residences at Park Place 5 Park Place Unit 706 Annapolis, MD 21401

Forest Villa Neighborhood

Estimated Value: $745,000 - $907,000

2 Beds
2 Baths
1,350 Sq Ft
$956/mo HOA Fee

Last Sold March 28, 2024

Last sale price $825,000 $611 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,936/month

197 Days on Market

Highlights

  • Fitness Center
  • Beaux Arts Architecture
  • Meeting Room
  • Penthouse
  • Community Pool
  • 2 Assigned Subterranean Spaces

About This Home

As of March 2024

Luxury 2 bedroom 2 bath Penthouse Unit! Live an upscale lifestyle in this sophisticated Premier Condo Residence at Park Place .
An opportunity to enjoy modern amenities and the timeless beauty of the past of Historic Annapolis! Immerse yourself in town with the rich history that Annapolis has to offer. Treetop views from the 5 sliding glass doors. Walk-in closet in the primary bedroom that also includes an additional custom built-in wardrobe with drawers and more closet space.
The Guest bedroom has incredible custom built-ins that include a Murphy bed and an office desk with more storage. Built-ins also in Living room area. Upgrades throughout! Two deeded parking spaces.
Brand new HVAC in July 2023!
Park Place offers onsite concierge service at the 24/7 staffed front desk in lobby. A beautiful pool with hot tub, courtyard patio with grills, a dog park, on site EV stations, party room, club room, and a library book exchange. A Social committee that plans numerous events .
Living in this Historic city means being surrounded with landmarks all within walking distance. Downtown Annapolis is known for its excellent dining options from cozy cafes to upscale restaurants. Walk to City Dock and fall in love this beautiful place!

Last Agent to Sell the Property

Elizabeth Heinsohn

Long & Foster Real Estate, Inc. Listed on: 09/03/2023

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Jeannine Wayson

Coldwell Banker Realty License #611432

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,268

Year Built

  • Built in 2007

Lot Details

  • 1,350

HOA Fees

  • $956 Monthly HOA Fees

Parking

Home Design

  • Penthouse
  • Beaux Arts Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,350 Sq Ft Home
  • Property has 1 Level
  • Window Treatments
  • Dining Area

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 48 inches wide or more
  • Doors swing in
  • Doors with lever handles

Utilities

  • Heat Pump System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 020666790227063

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, gas, sewer, trash, water
  • Mid-Rise Condominium
  • Park Place Subdivision

Amenities

  • Common Area
  • Meeting Room
  • Party Room

Recreation

  • Dog Park

Pet Policy

  • Limit on the number of pets
  • Breed Restrictions

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,268

Year Built

Built in 2007

Lot Details

0

HOA Fees

$956 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Beaux Arts
  • Accessibility Features: 48"+ Halls, Doors - Lever Handle(s), Doors - Swing In, Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-09-03
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Remarks Public: Luxury 2 bedroom 2 bath Penthouse Unit! Live an upscale lifestyle in this sophisticated Premier Condo Residence at Park Place . An opportunity to enjoy modern amenities and the timeless beauty of the past of Historic Annapolis! Immerse yourself in town with the rich history that Annapolis has to offer. Treetop views from the 5 sliding glass doors. Walk-in closet in the primary bedroom that also includes an additional custom built-in wardrobe with drawers and more closet space. The Guest bedroom has incredible custom built-ins that include a Murphy bed and an office desk with more storage. Built-ins also in Living room area. Upgrades throughout! Two deeded parking spaces. Brand new HVAC in July 2023! Park Place offers onsite concierge service at the 24/7 staffed front desk in lobby. A beautiful pool with hot tub, courtyard patio with grills, a dog park, on site EV stations, party room, club room, and a library book exchange. A Social committee that plans numerous events . Living in this Historic city means being surrounded with landmarks all within walking distance. Downtown Annapolis is known for its excellent dining options from cozy cafes to upscale restaurants. Walk to City Dock and fall in love this beautiful place!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Dryer - Front Loading, Oven/Range - Gas, Refrigerator, Washer - Front Loading
  • Entry Floor: 7
  • Interior Amenities: Dining Area, Primary Bath(s), Walk-In Closet(s), Window Treatments
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1350
  • Living Area Sq Ft: 1350
  • Price Per Sq Ft: 640.74
  • Above Grade Finished Sq Ft: 1350
  • 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 Veneer, Combination, Concrete
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Underground
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 956.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Dog Park, Elevator, Exercise Room, Fitness Center, Meeting Room, Party Room, Pool - Outdoor, Reserved/Assigned Parking, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Gas, Sewer, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: U
  • Year Assessed: 2023
  • Zoning: ANNAPOLIS
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Breed Restrictions, Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7268.00
  • Assessor Parcel Number: 020666790227063
  • Tax Total Finished Sq Ft: 1350
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 03/28/2024

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2023
Closed on
Mar 28, 2024
Sold by
Park Place 706 Llc
Bought by
Abunassar Family Trust and Abunassar
Seller's Agent
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
Buyer's Agent
Jeannine Wayson
Coldwell Banker Realty
List Price
$865,000
Sold Price
$825,000
Premium/Discount to List
-$40,000
-4.62%
Views
516
Current Estimated Value
$808,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,046
Avg. Annual Appreciation
-1.89%

Purchase Details

Listed on
Jun 5, 2021
Closed on
Jul 15, 2021
Sold by
Sears Michael E and Sears Julie F
Bought by
Park Place 706 Llc
Seller's Agent
Betty Jans
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
List Price
$599,900
Sold Price
$600,000
Premium/Discount to List
$100
0.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%
Original Mortgage
$480,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 10, 2018
Closed on
Sep 14, 2018
Sold by
Jernigan Milton D and Jernigan Tina M
Bought by
Sears Michael E and Sears Julie F
Seller's Agent
Connie Cadwell
Coldwell Banker Realty
Buyer's Agent
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
List Price
$579,000
Sold Price
$579,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.26%

Purchase Details

Closed on
Feb 14, 2018
Sold by
Armiger William G and Oakley Sharon H
Bought by
Jernigan Ii Milton Dale and Jernigan Tina Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 7, 2014
Closed on
Dec 10, 2014
Sold by
Renfro Lisa
Bought by
Jernigan Milton D and Jernigan Tina M
Seller's Agent
Bonnita Parks
Annapolis Realty, Inc.
Buyer's Agent
Lee Hosea
Long & Foster Real Estate, Inc.
List Price
$489,999
Sold Price
$475,000
Premium/Discount to List
-$14,999
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$380,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2007
Sold by
Park Place Residential
Bought by
Renfro Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,800
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2007
Sold by
Park Place Residential
Bought by
Renfro Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,800
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Abunassar Family Trust $825,000 Eagle Title
Park Place 706 Llc $600,000 Bay Title Company
Sears Michael E $579,000 Sage Title Grup Llc
Jernigan Ii Milton Dale $525,000 Mid Maryland Title Co Inc
Jernigan Milton D $475,000 Mid Maryland Title Company I
Renfro Lisa $792,649 --
Renfro Lisa $792,649 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Park Place 706 Llc $480,000
Previous Owner Jernigan Ii Milton Dale $350,000
Previous Owner Jarnigan Ii Milton Dale $250,000
Previous Owner Jernigan Milton D $380,000
Previous Owner Renfro Lisa $620,800
Previous Owner Renfro Lisa $620,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Sold $825,000 -4.6% $611 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
09/03/2023 09/03/23 For Sale $865,000 0.0% $641 / Sq Ft
07/28/2022 07/28/22 Rented $3,600 0.0% --
07/15/2022 07/15/22 For Rent $3,600 0.0% --
10/01/2021 10/01/21 Rented $3,600 0.0% --
09/08/2021 09/08/21 Under Contract -- -- --
07/19/2021 07/19/21 For Rent $3,600 0.0% --
07/15/2021 07/15/21 Sold $600,000 0.0% $444 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
06/05/2021 06/05/21 For Sale $599,900 +3.6% $444 / Sq Ft
09/14/2018 09/14/18 Sold $579,000 0.0% $429 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $579,000 +21.9% $429 / Sq Ft
12/10/2014 12/10/14 Sold $475,000 -3.1% $360 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
10/07/2014 10/07/14 For Sale $489,999 0.0% $372 / Sq Ft
12/26/2012 12/26/12 Rented $2,750 0.0% --
12/21/2012 12/21/12 Under Contract -- -- --
11/09/2012 11/09/12 For Rent $2,750 -- --
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
2025 $7,274 $506,200 $253,100 $253,100
2024 $7,274 $506,200 $253,100 $253,100
2023 $7,269 $506,200 $253,100 $253,100
2022 $7,132 $506,200 $253,100 $253,100
2021 $14,265 $506,200 $253,100 $253,100
2020 $7,137 $506,200 $253,100 $253,100
2019 $13,650 $483,700 $0 $0
2018 $6,415 $461,200 $0 $0
2017 $5,589 $438,700 $0 $0
2016 -- $427,000 $0 $0
2015 -- $415,300 $0 $0
2014 -- $403,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Heinsohn

    Seller's Agent in 2024

    Elizabeth Heinsohn

    Long & Foster

    (410) 991-8566

    20 in this area

    29 Total Sales

    Elizabeth Heinsohn
    Section Image
  • Jeannine Wayson

    Buyer's Agent in 2024

    Jeannine Wayson

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (410) 562-3178

    3 in this area

    91 Total Sales

    Jeannine Wayson
    Section Image
  • Betty Jans

    Seller's Agent in 2021

    Betty Jans

    BHHS PenFed (actual)

    (410) 991-8665

    2 in this area

    51 Total Sales

    Betty Jans
    Section Image
  • Connie Cadwell

    Seller's Agent in 2018

    Connie Cadwell

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    (410) 693-1705

    2 in this area

    73 Total Sales

    Connie Cadwell
    Section Image

  • B

    Seller's Agent in 2014

    Bonnita Parks

    Annapolis Realty, Inc.

    Section Image

  • L

    Buyer's Agent in 2014

    Lee Hosea

    Long & Foster

See All Agents

About Residences at Park Place

Map

Source: Bright MLS

MLS Number: MDAA2067046

Bright MLS

APN: 06-667-90227063

Maryland Anne Arundel County Annapolis 21401 Forest Villa

5 Park Place Unit 706, Annapolis, MD

This home is located at 5 Park Place Unit 706, Annapolis, MD 21401 since 03 September 2023 and is currently estimated at $808,954, approximately $599 per square foot. This property was built in 2007. 5 Park Place Unit 706 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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