NOT LISTED FOR SALE

Residences at Park Place 5 Park Place Unit 729-730 Annapolis, MD 21401

Forest Villa Neighborhood

Estimated Value: $1,268,000 - $1,620,690

4 Beds
3 Baths
2,660 Sq Ft
$1,500/mo HOA Fee

Last Sold October 15, 2013

Last sale price $1,400,000 $526 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,581/month

72 Days on Market

Highlights

  • Concierge
  • Newspaper Service
  • Gourmet Kitchen
  • Fitness Center
  • Private Pool
  • Gated Community

About This Home

As of October 2013

UNIQUE PENTHOUSE CONDO.Unparalleled luxury, Stunning views,completely custom redesigned/rebuilt. 3BR/DEN Ultra gourmet kitchen, Dual SubZeros,Largest condo in Park Place.Many luxury features,extraordinary details.24 HR live concierge/security.Room Service avail.Outdoor and indoor pools, Fitness Cntr,Party room, 23 amenities included in condo fees,including most utilities.Includes 3 parking spaces

Last Agent to Sell the Property

George Gorayeb

(410) 903-9026 georgegorayeb@hotmail.com Anne Arundel Properties, Inc. Listed on: 06/10/2013

Last Buyer's Agent

Naditch Phyllis

phylliskn@aol.com Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,051

Year Built

  • Built in 2007

Lot Details

  • 2,614

HOA Fees

  • $1,500 Monthly HOA Fees

Home Design

  • Beaux Arts Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,660 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Gourmet Kitchen

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 3 Full Bathrooms

Parking

  • Subterranean Parking
  • Parking Space Number Location: N117

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 48 inches wide or more
  • Garage doors are at least 85 inches wide

Pool

  • Private Pool

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 020666790227083

Community Details

Overview

  • Moving Fees Required
  • Association fees include common area maintenance, custodial services maintenance, exterior building maintenance, gas, fiber optics available, lawn maintenance, management, insurance, pool(s), recreation facility, reserve funds, road maintenance, sewer, snow removal, trash, water, alarm system, security gate
  • Mid-Rise Condominium
  • Residence At Park Place Community
  • The community has rules related to moving in times

Amenities

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

Recreation

  • Community Spa
  • Jogging Path
  • Bike Trail

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,051

Year Built

Built in 2007

Lot Details

0

HOA Fees

$1,500 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Beaux Arts
  • Accessibility Features: 48"+ Halls, >84" Garage Door, Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Kitchen - Gourmet, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Floors 6-10
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2660
  • Living Area Sq Ft: 2660
  • Price Per Sq Ft: 562.03
  • Above Grade Finished Sq Ft: 2660
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Garage
  • Parking Space Number Assigned: N117
  • Garage Features: Underground

Utilities

  • Refuse: 380.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1500.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Bike Trail, Billiard Room, Community Center, Common Grounds, Concierge, Elevator, Exercise Room, Extra Storage, Gated Community, Hot Tub, Jog/Walk Path, Library, Meeting Room, Newspaper Service, Party Room, Picnic Area, Pool - Indoor, Pool - Outdoor, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Gas, Fiber Optics Available, Lawn Maintenance, Management, Insurance, Pool(s), Recreation Facility, Reserve Funds, Road Maintenance, Sewer, Snow Removal, Trash, Water, Alarm System, Security Gate
  • HOA Condo Co-Op Rules: Moving Fees Required, Elevator Use, Moving In Times
  • HOA: Yes
  • Community Pool Features: Indoor

Lot Info

  • Improvement Assessed Value: 195500.00
  • Land Assessed Value: 195500.00
  • Zoning: MX
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15455290
  • Tax Annual Amount: 11051.20
  • Assessor Parcel Number: 020666790227083
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2019
Sold by
Olscamp Karen E and Mullins Olscamp Family Trust
Bought by
Olscamp Karen E and Karen E Olscamp Trust
Current Estimated Value
$1,459,563

Purchase Details

Listed on
Jun 10, 2013
Closed on
Oct 15, 2013
Sold by
Deitrick Conrach W and Lipitz Flora E
Bought by
Mullins Richard H and Olscamp Karen E
Seller's Agent
George Gorayeb
Anne Arundel Properties, Inc.
Buyer's Agent
Naditch Phyllis
Coldwell Banker Realty
List Price
$1,495,000
Sold Price
$1,400,000
Premium/Discount to List
-$95,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.34%
Original Mortgage
$417,000
Outstanding Balance
$308,659
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,150,904

Purchase Details

Closed on
Nov 17, 2009
Sold by
Park Place Residential
Bought by
Trustee Of The Revoc Property Trst

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Olscamp Karen E -- None Available
Mullins Richard H $1,400,000 Mid Maryland Title Co Inc
Trustee Of The Revoc Property Trst $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mullins Richard H $417,000
Closed Mullins Richard H $250,000
Previous Owner Trustee Of The Revoc Property Trst $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2013 10/15/13 Sold $1,400,000 -6.4% $526 / Sq Ft
08/21/2013 08/21/13 Pending -- -- --
06/10/2013 06/10/13 For Sale $1,495,000 -- $562 / 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
2025 $16,752 $1,311,000 $655,500 $655,500
2024 $16,752 $1,311,000 $655,500 $655,500
2023 $16,633 $1,311,000 $655,500 $655,500
2022 $16,277 $1,311,000 $655,500 $655,500
2021 $16,087 $1,311,000 $655,500 $655,500
2020 $16,087 $1,311,000 $655,500 $655,500
2019 $141 $1,311,000 $655,500 $655,500
2018 $18,236 $1,311,000 $655,500 $655,500
2017 $11,686 $1,311,000 $0 $0
2016 -- $1,135,267 $0 $0
2015 -- $959,533 $0 $0
2014 -- $391,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • George Gorayeb

    Seller's Agent in 2013

    George Gorayeb

    Anne Arundel Properties, Inc.

    (410) 903-9026

    8 in this area

    10 Total Sales

    George Gorayeb
    Section Image

  • N

    Buyer's Agent in 2013

    Naditch Phyllis

    Coldwell Banker (NRT-Southeast-MidAtlantic)

    Section Image
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About Residences at Park Place

Map

Source: Bright MLS

MLS Number: 1003563058

Bright MLS

APN: 06-667-90227083

Maryland Anne Arundel County Annapolis 21401 Forest Villa

5 Park Place Unit 729-730, Annapolis, MD

Not Listed for Sale

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