NOT LISTED FOR SALE

5 President Point Dr Unit B2 Annapolis, MD 21403

Eastport Neighborhood

Estimated Value: $886,000 - $1,086,000

2 Beds
2 Baths
1,260 Sq Ft
$495/mo HOA Fee

Last Sold October 31, 2013

Last sale price $725,000 $575 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,580/month

14 Days on Market

Highlights

  • 1 Boat Dock
  • Home fronts navigable water
  • Private Pool
  • Water Views
  • Water Access
  • Eat-In Gourmet Kitchen

About This Home

As of October 2013

Extraordinary waterfront condo, completely renovated, rebuilt & redesigned like no other at The Point. Gutted to the cement block w/new ducting allowing a higher ceiling height & recessed lighting; widened doorways; gorgeous kitchen w/ marble counter tops/built ins/top of the line appliances; beautiful flooring; neutral, elegant, spa-like bathrooms; expansive water views & water side deck... FAB!

Last Agent to Sell the Property

Day Weitzman

(410) 353-0721 dweitzman@cbmove.com Coldwell Banker Realty Listed on: 09/13/2013

Coldwell Banker Realty

Last Buyer's Agent

Gary Schneider

(443) 370-7505 gary.schneider@longandfoster.com Long & Foster Real Estate, Inc. License #611843

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,764

Year Built

  • Built in 1970 | Remodeled in 2011

Lot Details

  • Home fronts navigable water
  • Property is in very good condition

HOA Fees

  • $495 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Cedar

Interior Spaces

  • 1,260 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • 1 Fireplace
  • Screen For Fireplace
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Water Views

Kitchen

  • Eat-In Gourmet Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • Water Access
  • 1 Boat Dock
  • 1 Powered Boats Permitted
  • 1 Non-Powered Boats Permitted

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 020669090000825

Community Details

Overview

  • Association fees include exterior building maintenance, pier/dock maintenance
  • Low-Rise Condominium
  • The Point Community
  • The Point Condo Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,764

Year Built

Built in 1970 | Remodeled in 2011

Lot Details

0

HOA Fees

$495 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1970
  • Year Renovated: 2011
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven - Wall, Refrigerator, Washer
  • Interior Amenities: Kitchen - Gourmet, Combination Kitchen/Dining, Kitchen - Table Space, Primary Bath(s), Built-Ins, Window Treatments, Floor Plan - Open
  • Fireplace Features: Screen
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Room List: Kitchen
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1260
  • Living Area Sq Ft: 1260
  • Price Per Sq Ft: 603.17
  • Above Grade Finished Sq Ft: 1260
  • Above Grade Finished Area Units: Square Feet

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
  • Construction Materials: Cedar
  • Dock Type: Multiple Slip
  • Construction Completed: No
  • View: Water
  • Water Access: Yes
  • Water Body Name: SPA CREEK
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Refuse: 380.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 495.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Common Grounds, Club House, Boat Dock/Slip, Pier/Dock, Pool - Outdoor, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Pier/Dock Maintenance
  • HOA Condo Co-Op Rules: Pets - Allowed
  • HOA: No

Lot Info

  • Improvement Assessed Value: 242600.00
  • Land Assessed Value: 242500.00
  • Property Condition: Very Good
  • Zoning: R3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 15322929
  • Tax Annual Amount: 6763.92
  • Assessor Parcel Number: 020669090000825
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012

Multi Family

  • Dock Slip Conveyance: None Available

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2023
Sold by
Burkemper Marcella L
Bought by
Clayton H Spikes Revocable Trust and Spikes
Current Estimated Value
$996,588

Purchase Details

Closed on
May 10, 2017
Sold by
Shaia Evelyn R
Bought by
Burkemper Ronald W and Burkemper Marcella L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,100
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2014
Sold by
Shaia Evelyn R
Bought by
Shaia Evelyn R

Purchase Details

Listed on
Sep 13, 2013
Closed on
Oct 31, 2013
Sold by
Nolan James A
Bought by
Shaia Evelyn R
Seller's Agent
Day Weitzman
Coldwell Banker Realty
Buyer's Agent
Gary Schneider
Long & Foster Real Estate, Inc.
List Price
$760,000
Sold Price
$725,000
Premium/Discount to List
-$35,000
-4.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.67%

Purchase Details

Closed on
Oct 3, 2008
Sold by
Nolan James A
Bought by
Nolan Nolan A

Purchase Details

Closed on
Sep 11, 2008
Sold by
Nolan James A
Bought by
Nolan Nolan A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Clayton H Spikes Revocable Trust $960,000 Express Title Company
Clayton H Spikes Revocable Trust $960,000 Express Title Company
Burkemper Ronald W $650,000 Maryland First Title Ltd
Shaia Evelyn R -- None Available
Shaia Evelyn R $725,000 Champion Realty Title
Nolan Nolan A -- --
Nolan Nolan A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burkemper Ronald W $424,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2013 10/31/13 Sold $725,000 -4.6% $575 / Sq Ft
09/27/2013 09/27/13 Pending -- -- --
09/13/2013 09/13/13 For Sale $760,000 -- $603 / 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 $10,049 $787,500 -- --
2024 $10,049 $699,300 $0 $0
2023 $8,396 $611,100 $305,500 $305,600
2022 $8,610 $611,100 $305,500 $305,600
2021 $16,259 $611,100 $305,500 $305,600
2020 $8,077 $611,100 $305,500 $305,600
2019 $7,669 $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

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Map

Source: Bright MLS

MLS Number: 1003698344

Bright MLS

APN: 06-690-90000825