$340,000
●
Condo -
Off Market
2002 PHILLIPS TERRACE #6
ANNAPOLIS, MD 21401
2 Beds
2 Baths
1,127 Ft²
$2,276
Est. Monthly
$320
HOA / Fees
About This Property
2002 Phillips Terrace – Apartment 6 Annapolis, Maryland 21401 March
9, 2026 Beautifully updated two bedroom, two bathroom second floor
condo in the Windgate community of Annapolis. Updated kitchen with
a breakfast area and granite countertops. Ceiling fans in the
living room and both bedrooms and luxury vinyl plank flooring
throughout. Large open plan living and dining area with a gas
fireplace and private balcony. Great location off Bestgate Road
with easy access to RT 50, Naval Academy, and downtown Annapolis.
Tree-lined community with playground. Condo fee includes master
insurance, water, grounds maintenance, snow removal, trash
collection, professional management. Recent upgrades include: • New
gas HVAC system – April 2025 • Gas hot water tank • Remodeling
(granite counter tops, LVP floors throughout – December 2024 • New
garbage disposal – February 2025 • New microwave – June 2022 • New
dryer – November Type: Condo •
Unit Size
1,127 Ft²
Days on Market
-
Land Size
-
Price per sqft
$310
Property Type
Condo
Property Taxes
$241
HOA Dues
$320
Year Built
1997
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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: 6 months ago (Bright MLS #MDAA2138598)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 8, 2026 | Sold | ||
| Sold | |||
| Apr 13, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Listed by Cottage Street Realty LLC | $349,000 | |
| Listed by Cottage Street Realty LLC | |||
Property Highlights
Air Conditioning
Fireplace
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), Dining Area, Primary Bath(s), Crown Moldings, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Galley, Kitchen - Island, Bathroom - Stall Shower, Upgraded Countertops, Wainscotting
Appliances: Dishwasher, Disposal, Dryer, Gas Oven, Refrigerator, Washer, Microwave, Water Heater, Energy Efficient Appliances, ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher
Flooring Type: Luxury Vinyl Plank
Has Fireplace
Fireplace Features: Gas/Propane
Fireplaces: 1
Exterior Details
Has Property Attached
Square Footage: 1127
Square Footage Source: $0
Architectural Style: Contemporary
Year Built Source: Assessor
Year Built: 1996
Building Name: WINDGATE CONDO
Levels: 1
Other Structures: Above Grade, Below Grade
Window Features: Screens
Construction Materials: Frame
Patio and Porch Features: Balcony
Water Source: Public
Financial Details
Tax Annual Amount: $2,897
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Lawn Maintenance, Management, Ext Bldg Maint
HOA/Condo/Coop Amenities: Common Grounds, Tot Lots/Playground, Jog/Walk Path
Condo/Coop Fee: $320
Condo/Coop Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/23/2026
|
2 Bed
|
2 Bath
|
1456 ft²
|
$2,600
2 Bed
2 Bath
1456 ft²
|
-
-
|
Kara Chaffin Donofrio
Long & Foster Real Estate, Inc.
| |
|
03/10/2026
|
2 Bed
|
2 Bath
|
1127 ft²
|
$349,000
2 Bed
2 Bath
1127 ft²
|
$340,000
-2.58%
05/08/2026
|
Alexandra I Burrell-Hodges
Cottage Street Realty LLC
| |
|
02/15/2022
|
2 Bed
|
2 Bath
|
1100 ft²
|
$290,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
Benjamin Grotte
Keller Williams Realty Centre
| |
|
09/18/2020
|
2 Bed
|
2 Bath
|
1448 ft²
|
$298,000
2 Bed
2 Bath
1448 ft²
|
$298,000
11/24/2020
|
Jeannine Wayson
| |
|
11/29/2018
|
2 Bed
|
2 Bath
|
1117 ft²
|
$236,900
2 Bed
2 Bath
1117 ft²
|
$235,000
-0.80%
12/31/2018
|
Laura Scott
Keller Williams Realty Centre
| |
|
03/05/2018
|
2 Bed
|
2 Bath
|
1448 ft²
|
$274,000
2 Bed
2 Bath
1448 ft²
|
$269,000
-1.82%
05/03/2018
|
Laura A Scott
Keller Williams Realty Centre
| |
|
01/22/2018
|
2 Bed
|
2 Bath
|
1456 ft²
|
$268,500
2 Bed
2 Bath
1456 ft²
|
$268,500
03/15/2018
|
Laura Scott
Keller Williams Realty Centre
| |
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1127 ft²
|
-
2 Bed
2 Bath
1127 ft²
|
-
-
|
-
|
Building Info
About Parole
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Listed by: Alexandra I Burrell-Hodges
Cottage Street Realty LLC
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDAA2138598
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.
Cottage Street Realty LLC
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# MDAA2138598
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