NOT LISTED FOR SALE

5 President Point Dr Unit B1 Annapolis, MD 21403

Eastport Neighborhood

Estimated Value: $747,000 - $952,000

2 Beds
2 Baths
1,260 Sq Ft
$582/mo HOA Fee

Last Sold January 10, 2022

Last sale price $650,000 $516 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,011/month

5 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Private Dock Site
  • 1 Fireplace
  • Marina
  • Deck
  • Community Pool

About This Home

As of January 2022

HUGE opportunity to purchase or invest in this two bedroom, two full bath condo with spectacular, EXPANSIVE WATER VIEWS of Spa Creek. No need to navigate steps, as this waterfront condo is located on the first floor in the desirable neighborhood of President Point. "The Point" features a marina with deep water slips, a multi-use community clubhouse, tennis courts, a private community pool & hot tub with water views, plenty of parking, and beautiful grounds. Take a quick water taxi or a short ride over to the historic shops and restaurants in downtown Annapolis. Property is being sold "As Is," but it has a newer HVAC (2020), Clothes Washer (2021), and Clothes Dryer (2021).

Last Agent to Sell the Property

Kristen Swartz

Taylor Properties License #666350 Listed on: 12/14/2021

Taylor Properties

Last Buyer's Agent

Phil Gerdes

Real Broker, LLC - Annapolis License #0225261065

Real Broker, LLC - Annapolis

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,609

Year Built

  • Built in 1976

Lot Details

  • 100 Feet of Waterfront
  • Home fronts navigable water
  • West Facing Home

HOA Fees

  • $582 Monthly HOA Fees

Home Design

  • Asphalt Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • 1,260 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • 1 Fireplace
  • Double Pane Windows
  • Sliding Doors
  • Living Room
  • Dining Room
  • Water Views

Kitchen

  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Concrete
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • Parking Lot
  • Unassigned Parking

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • River Nearby
  • Limit On Boat Length
  • Private Dock Site
  • Powered Boats Permitted
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 020669090000824

Community Details

Overview

  • Association fees include management, insurance, pool(s), snow removal, trash, water, common area maintenance, exterior building maintenance, pier/dock maintenance, reserve funds, sewer
  • Low-Rise Condominium
  • The Point Condominium Condos, Phone Number (443) 796-7400
  • The Point Condo Community
  • The Point Condo Subdivision
  • Property Manager

Recreation

  • Boat Dock
  • Pier or Dock
  • Marina
  • Tennis Courts
  • Community Pool

Pet Policy

  • Limit on the number of pets
  • Pet Size Limit
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,609

Year Built

Built in 1976

Lot Details

0

HOA Fees

$582 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Level Entry - Main
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Year Built: 1976
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: HUGE opportunity to purchase or invest in this two bedroom, two full bath condo with spectacular, EXPANSIVE WATER VIEWS of Spa Creek. No need to navigate steps, as this waterfront condo is located on the first floor in the desirable neighborhood of President Point. "The Point" features a marina with deep water slips, a multi-use community clubhouse, tennis courts, a private community pool & hot tub with water views, plenty of parking, and beautiful grounds. Take a quick water taxi or a short ride over to the historic shops and restaurants in downtown Annapolis. Property is being sold "As Is," but it has a newer HVAC (2020), Clothes Washer (2021), and Clothes Dryer (2021).
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Stove, Dryer - Electric
  • Entry Floor: 1
  • Flooring Type: Concrete, Tile/Brick
  • Interior Amenities: Dining Area, Primary Bath(s)
  • Window Features: Double Pane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen
  • Basement: No
  • Total Sq Ft: 1260
  • Living Area Sq Ft: 1260
  • Price Per Sq Ft: 554.76
  • Above Grade Finished Sq Ft: 1260
  • 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: Cedar, Wood Siding
  • Exterior Features: Sidewalks, Tennis Court(s)
  • Roof: Asphalt
  • View: Water
  • Water Access Features: Boat - Length Limit, Boat - Powered, Canoe/Kayak, Private Access
  • Water Access: Yes
  • Water Body Name: Spa Creek
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Unassigned
  • Type Of Parking: Parking Lot

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 581.63
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: The Point Condominium
  • Condo Co-Op Phone: 443-796-7400
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Pier/Dock, Pool - Outdoor, Tennis Courts, Marina/Marina Club
  • HOA Condo Co-Op Fee Includes: Management, Insurance, Pool(s), Snow Removal, Trash, Water, Common Area Maintenance, Ext Bldg Maint, Pier/Dock Maintenance, Reserve Funds, Sewer
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

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: 305600.00
  • Land Assessed Value: 305500.00
  • Land Use Code: U
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Year Assessed: 2022
  • Zoning: R3
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Number Limit, Size/Weight Restriction, Breed Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 15322928
  • Tax Annual Amount: 8609.00
  • Assessor Parcel Number: 020669090000824
  • Tax Total Finished Sq Ft: 1260
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 01/10/2022

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: ANNE ARUNDEL COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2021
Closed on
Jan 10, 2022
Sold by
Brian Gibbons
Bought by
Levy Maxwell R
Seller's Agent
Kristen Swartz
Taylor Properties
Buyer's Agent
Phil Gerdes
Real Broker, LLC - Annapolis
List Price
$699,000
Sold Price
$650,000
Premium/Discount to List
-$49,000
-7.01%
Current Estimated Value
$856,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,102
Avg. Annual Appreciation
8.07%

Purchase Details

Closed on
Jul 16, 1999
Sold by
Brawley Jo Ann B
Bought by
Gibbons James S
Source: Public Records

Range of Values:

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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
Levy Maxwell R $650,000 New Title Company Name
Gibbons James S $216,450 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibbons James S $266,730
Previous Owner Gibbons James S $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Sold $650,000 -7.0% $516 / Sq Ft
12/19/2021 12/19/21 Pending -- -- --
12/14/2021 12/14/21 For Sale $699,000 -- $555 / 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 $9,162 $683,700 -- --
2024 $9,162 $647,400 $0 $0
2023 $8,775 $611,100 $305,500 $305,600
2022 $8,610 $611,100 $305,500 $305,600
2021 $17,221 $611,100 $305,500 $305,600
2020 $8,617 $611,100 $305,500 $305,600
2019 $15,389 $569,100 $0 $0
2018 $7,332 $527,100 $0 $0
2017 $6,350 $485,100 $0 $0
2016 -- $485,100 $0 $0
2015 -- $485,100 $0 $0
2014 -- $485,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kristen Swartz

    Seller's Agent in 2022

    Kristen Swartz

    Taylor Properties

    (410) 375-8826

    1 in this area

    69 Total Sales

    Kristen Swartz
    Section Image
  • Phil Gerdes

    Buyer's Agent in 2022

    Phil Gerdes

    Real Broker, LLC - Annapolis

    (443) 694-7366

    12 in this area

    631 Total Sales

    Phil Gerdes
    Section Image
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Map

Source: Bright MLS

MLS Number: MDAA2016720

Bright MLS

APN: 06-690-90000824

Maryland Anne Arundel County Annapolis 21403 Eastport

5 President Point Dr Unit B1, Annapolis, MD

This home is located at 5 President Point Dr Unit B1, Annapolis, MD 21403 since 14 December 2021 and is currently estimated at $856,102, approximately $679 per square foot. This property was built in 1976. 5 President Point Dr Unit B1 is a home located in Anne Arundel County with nearby schools including Eastport Elementary School, Annapolis Middle School, and Annapolis High School.

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