$653,596 - $761,000
RENTED JAN 13, 2025

Residences at Park Place 5 Park Place Unit 116 Annapolis, MD 21401

Forest Villa Neighborhood
2 Beds
2 Baths
1,235 Sq Ft
$575 Price per Sq Ft

About This Home

Beautiful and bright 2 BR facing western sunsets. Open floor plan, Hardwood floors, granite counter, GE Stainless appliances, Electric fireplace. Includes 25 amenities, most utilities, W/D inside the condo, and 2 garage parking spots. 24/7 live concierge/security in lobby. Blocks to downtown Annapolis City Dock restaurants, shops, entertainment. 2 pools, fitness center, party room, Outdoor dining terrace w/ BBQ kitchens. Shuttle Trolley to City Dock. Available Sept. 1st

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2012
Sold by
Christopher N Melling Revocable Trust
Bought by
Melling Christopher N
Current Estimated Value
$710,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,100
Outstanding Balance
$173,381
Interest Rate
4%
Mortgage Type
Stand Alone Second
Estimated Equity
$537,018

Purchase Details

Closed on
Jul 17, 2007
Sold by
Park Place Residential
Bought by
Melling Christopher N and Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 12, 2007
Sold by
Park Place Residential
Bought by
Melling Christopher N and Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Melling Christopher N -- None Available
Melling Christopher N $700,000 --
Melling Christopher N $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melling Christopher N $387,100
Closed Christopher N Melling Revocable Trust $417,000
Closed Melling Christopher N $100,000
Closed Melling Christopher N $417,000
Closed Melling Christopher N $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2025 01/13/25 Rented $3,200 0.0% --
10/16/2024 10/16/24 Price Changed $3,200 -11.1% $3 / Sq Ft
09/26/2024 09/26/24 Price Changed $3,600 -7.7% $3 / Sq Ft
08/20/2024 08/20/24 For Rent $3,900 0.0% --
04/11/2024 04/11/24 Rented $3,900 0.0% --
03/12/2024 03/12/24 For Rent $3,900 +11.4% --
09/03/2021 09/03/21 Rented $3,500 0.0% --
08/16/2021 08/16/21 For Rent $3,500 +18.6% --
06/10/2018 06/10/18 Rented $2,950 +5.4% --
06/10/2018 06/10/18 Under Contract -- -- --
01/11/2018 01/11/18 For Rent $2,800 +16.7% --
01/05/2016 01/05/16 Rented $2,400 -14.3% --
01/05/2016 01/05/16 Under Contract -- -- --
09/12/2015 09/12/15 For Rent $2,800 +27.3% --
11/03/2014 11/03/14 Rented $2,200 -8.3% --
11/03/2014 11/03/14 Under Contract -- -- --
09/18/2014 09/18/14 For Rent $2,400 -- --

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 $6,418 $446,600 $223,300 $223,300
2023 $6,413 $446,600 $223,300 $223,300
2022 $6,075 $431,133 $0 $0
2021 $5,857 $415,667 $0 $0
2020 $5,643 $400,200 $200,100 $200,100
2019 $49 $392,467 $0 $0
2018 $5,352 $384,733 $0 $0
2017 $4,606 $377,000 $0 $0
2016 -- $351,867 $0 $0
2015 -- $326,733 $0 $0
2014 -- $301,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • George Gorayeb

    Seller's Agent in 2025

    George Gorayeb

    Anne Arundel Properties, Inc.

    (410) 903-9026

    8 in this area

    10 Total Sales

    George Gorayeb
    Section Image
  • Trent Waite

    Buyer's Agent in 2025

    Trent Waite

    Cummings & Co Realtors

    (410) 627-4591

    115 Total Sales

    Trent Waite
    Section Image
  • Sarah Garza

    Buyer's Agent in 2014

    Sarah Garza

    Compass

    (443) 717-3631

    253 Total Sales

    Sarah Garza
    Section Image
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About Residences at Park Place

Map

Maryland Anne Arundel County Annapolis 21401 Forest Villa

5 Park Place Unit 116, Annapolis, MD

This home is located at 5 Park Place Unit 116, Annapolis, MD 21401 and is currently estimated at $710,399, approximately $575 per square foot. 5 Park Place Unit 116 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.

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