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2002 Phillips Terrace

2002 Phillips Terrace, Annapolis, MD 21401
Condo in Parole
Sold Aug 30, 2022
$417,000
$354,450 by Townebank Mortgage
Mortgage Due Sep 01, 2052
Sold Apr 23, 2013
$350,000
$343,660 by Embrace Home Loans Inc
Mortgage Due May 01, 2043
2002 Phillips Terrace is a condo located in Parole, Annapolis. The building was first built in 1997 and is 27 years old. In total, 2002 Phillips Terrace has a total floor area of 1,392 square feet. 2002 Phillips Terrace has a total of 2 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. There are 4 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 67 days Meaning, listings tend to sell at a median of $206 price per square foot. The transaction that took the longest to complete was unit 12, listed on Sep 18, 2020 for $298,000. This particular unit ultimately sold 67 days later for $298,000. The most recent transaction was for unit 12, which was first advertised on Sep 18, 2020, sold for $298,000 on Nov 24, 2020. Fun fact, the oldest transaction we have on record took place on Apr 23, 2013. See the full transaction history for 2002 Phillips Terrace below.

Parole, where 2002 Phillips Terrace is located, has a median asking price of $375,000 for condo buildings. Meanwhile, the building itself has a median asking price of $298,000. For interested buyers, that means the building's median asking price is around 0.21% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding
Aluminum Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Quality: C+
  • Building Style: Condo
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Finished improved basement
  • Basement Area: 340
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 691
  • Total Building Area: 1,392
  • Gross Building Area: 1,392
  • Building Area: 1,392
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,732
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WINDGATE CONODMINIUM
  • Land Acres: 0.016
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: U 93 BLD 16 PH 1 2002 PURITAN TER WINDGATE CONDO

Ownership

  • Current Owner : STEWART BAILEY J
  • Previous Owner : ROSSO CLINT A
  • Owner Before Previous Owner: KRAPF JAMES R
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Anne Arundel County Public Schools
  • Census Tract: 702703

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: 45H 3 550
  • Account Number: 96190096604
  • District: 02
  • Subdivision Phase Number: 1
  • Parcel: 02-961-90096604
  • Latitude: 38.9963
  • Longitude: -76.5254

    Address

  • Full Address: 2002 Puritan Ter
  • Address - House Number: 2002
  • Address - Street Name: Puritan
  • Address - Suffix Type: Ter
  • State: MD
  • City Name: Annapolis
  • Carrier Code: C046
  • 4-Digit Zip Code: 8700
  • Zip Code: 21401

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,857

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 80
  • Final Value: 426,994
  • High Value: 494,319
  • Low Value: 359,668

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $354,450
  • First Open Lien Mortgage Lender: TOWNEBANK MORTGAGE
  • First Open Lien Mortgage Recording Date: Aug 30, 2022
  • First Open Lien Mortgage Loan Amount: $354,450
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2052

    Market Valuation

  • Market Total Value: $400,900
  • Market Land Value: $180,000
  • Market Improvement Value: $220,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $353,167

    Sales

  • Current Sale Contract Date: Aug 05, 2022
  • Current Sale Recording Date: Aug 30, 2022
  • Current Sale Transaction ID: 11895464089
  • Current Sale Price: $417,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Apr 23, 2013
  • Previous Sale Contract Date: Apr 12, 2013
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK MORTGAGE
  • First Mortgage Transaction Date: Aug 30, 2022
  • First Mortgage Loan Amount: $354,450
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: EMBRACE HOME LOANS INC
  • Previous Mortgage Transaction Date: Apr 23, 2013
  • Previous Mortgage Loan Amount: $343,660
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2043

About Parole



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Frequently Asked Questions

What neighborhood is 2002 Phillips Terrace located in?
The 2002 Phillips Terrace is a condo located in the neighborhood of Parole in Parole, Annapolis.
What is the average sales price for listings in 2002 Phillips Terrace?
The average sales price for units in 2002 Phillips Terrace is $298,000 , or $206/sqft. currently.

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