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Annapolis 21401 Annapolis
1572 RITCHIE LANE
$325,000
● House - Off Market

1572 RITCHIE LANE

ANNAPOLIS, MD 21401
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,524 Ft²
$633,720
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

New Hardwood Floors throughout the Main Level, New Carpet, New Granite Counters and Cabinets with Vaulted Ceiling in Kitchen. Two Relaxing and Spacious Master bedrooms with a First Floor Office. New Vanities and Tile and partially finished basement, use as Third Bedroom or Family Room. Great Annapolis Location, Minutes to Downtown, Rt 50 &97
Unit Size
1,524 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$223
Property Type
House
Property Taxes
$336
HOA Dues
$150
Year Built
1987

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 7 months ago (Bright MLS #1002915418)

Price History

Date / Event Date Event Price
Mar 14, 2018 Sold
Premium
Sold
Jan 23, 2018 Listed by RE/MAX Leading Edge $369,900
Listed by RE/MAX Leading Edge
Feb 26, 2015 Sold
Premium
Sold
Apr 2, 2014 Listed by RE/MAX Leading Edge $339,900
Listed by RE/MAX Leading Edge

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 363
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,646
  • Total Building Area: 1,524
  • Gross Building Area: 1,524
  • Building Area: 1,524
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,524
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHWOODS 03
  • Land Acres: 0000000107
  • Standard Land Use Code: 1001
  • County Land Use Code: R-C001
  • Legal Description 1: LT 42 PL 3 1572 RITCHIE LN SOUTHWOODS

Neighborhood

  • School District Name: Anne Arundel County Public Schools
  • Census Tract: 706500

Geography

  • Assessors Map Reference: 51B 23 2329
  • Account Number: 81390042635
  • District: 06
  • Parcel: 06-813-90042635
  • Lot: 42
  • Municipality: ANNAPOLIS
  • Latitude: 38.9754
  • Longitude: -76.52

    Address

  • Full Address: 1572 Ritchie Ln
  • Address - House Number: 1572
  • Address - Street Name: Ritchie
  • Address - Suffix Type: Ln
  • State: MD
  • City Name: Annapolis
  • Carrier Code: C006
  • 4-Digit Zip Code: 4110
  • Zip Code: 21401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $495,707
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1414
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 83
  • Final Value: 483,205
  • High Value: 551,571
  • Low Value: 414,839

    Market Valuation

  • Market Total Value: $345,200
  • Market Land Value: $201,900
  • Market Improvement Value: $143,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $345,200
  • Assessed Land Value: $201,900
  • Assessed Improvements Value: $143,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 09, 2018
  • Current Sale Recording Date: Mar 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 26, 2015
  • Previous Sale Contract Date: Jan 30, 2015
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Annapolis

Stats & Trends

Median Asking:

$599,450

Sale Price/ft²

$330

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2065 ft²

Average Home Age

59.5 years

Currently For Sale

200 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 106 Annapolis Street, ANNAPOLIS, MD, 21401

$4,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
106 Annapolis Street #202, ANNAPOLIS, MD, 21401 Listing by Ryan C Turner
Unit for rent at 5 Park Place, ANNAPOLIS, MD, 21401

$3,850 /mo

  • 2 Beds
  • 2 Baths
  • 1,191 ft²
5 Park Place #624, ANNAPOLIS, MD, 21401 Listing by George A Gorayeb
Unit for rent at 110 Annapolis Street, ANNAPOLIS, MD, 21401

$3,350 /mo

  • 2 Beds
  • 1 Bath
  • 759 ft²
110 Annapolis Street #B, ANNAPOLIS, MD, 21401 Listing by Richie L. Taylor

Rentals Near You

Click here to view more rentals in the neighborhood.
Bright MLS

Listed by: Richard A Trott
RE/MAX Leading Edge
Last Updated: 8 hours ago
Data Source: Bright MLS , MLS# 1002915418
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.

Frequently Asked Questions

When was property at 1572 Ritchie Lane built and last sold?
The property at 1572 Ritchie Lane was built in 1987 and last sold on Mar 9, 2018 for $361,200.
How much is this home worth?
The estimated value of the home located at 1572 Ritchie Lane is $0.
What are some comparable homes to 1572 Ritchie Lane?
There are currently no comparable homes to 1572 Ritchie Lane.
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