$315,000
●
Condo -
Off Market
2003 PHILLIPS TER #7
ANNAPOLIS, MD 21401
2 Beds
2 Baths
1,114 Ft²
$1,867
Est. Monthly
$296
HOA / Fees
7.42%
Cap Rate
About This Property
This Well Maintained, 2 Bedroom, 2 Bath, 2nd Floor Condominium in
the sought after Windgate Community checks all the boxes! Step into
the Home to find the Galley Kitchen featuring Gas cooking, and
stainless steel applianes and a pass through to let in plenty of
Natural Light. Off the kitchen is the open concept Dining Room with
gleaming Hardwood flooring that flows seamlessly throughout the
Main living space. The Bright Living Room with French Door to the
Patio is the perfect spot for morning coffee. Next is
the Primary Bedroom with a Walk-In Closet and Private Bath.
Convenient features of this home include the large Second Bedroom
complete with a newer built-in closet system for the walk-in
closet, another Full Bath accessible from the hallway and the
second Bedroom, plenty of closet space and in-unit laundry. This
home is located close to shopping, dining, major commuter routes
and an abundance of outdoor and water activities on the Severn
River! Don't Miss It!
Unit Size
1,114 Ft²
Days on Market
-
Land Size
-
Price per sqft
$287
Property Type
Condo
Property Taxes
$250
HOA Dues
$296
Year Built
1995
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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: 3 years ago (Bright MLS #MDAA2075060)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 7, 2024 | Sold | ||
| Sold | |||
| Jan 30, 2024 | In contract | - | |
| In contract | |||
| Jan 24, 2024 | Price Decreased |
$319,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Jan 4, 2024 | Listed by Keller Williams Realty Centre | $324,900 | |
| Listed by Keller Williams Realty Centre | |||
| Mar 24, 2017 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Other
Interior Details
Bedrooms on Main Level: 2
Interior Features: Combination Dining/Living, Kitchen - Table Space, Primary Bath(s), Wood Floors
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Washer
Living Area Square Feet Source: Assessor
Exterior Details
Property Manager Present
Ownership Interest: Condominium
Year Built Source: Assessor
Other Structures: Above Grade, Below Grade
Structure Type: Unit/Flat/Apartment
Construction Materials: Brick, Combination
Unit Building Type: Garden 1 - 4 Floors
No Pool
Tidal Water: N
Land Assessed Value: $239,433
Finished Square Feet: 1114
Finished Square Feet Source: Assessor
Financial Details
County Tax: $2,615
County Tax Payment Frequency: Annually
Tax Assessed Value: $239,433
Tax Year: 2023
Tax Annual Amount: $2,995
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location Details
HOA/Condo/Coop Fee Includes: Ext Bldg Maint, Common Area Maintenance, Water
HOA/Condo/Coop Amenities: Tot Lots/Playground
HOA Fee: $296
HOA Fee Frequency: Monthly
Condo/Coop Fee: $0
Washer/Dryer/Hook Up in Unit: Yes
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 |
|---|---|---|---|---|---|---|---|
|
02/06/2026
|
2 Bed
|
2 Bath
|
1470 ft²
|
$365,000
2 Bed
2 Bath
1470 ft²
|
$365,000
03/02/2026
|
Claire Davis
Engel & Volkers Annapolis
| |
|
01/04/2024
|
2 Bed
|
2 Bath
|
1114 ft²
|
$324,900
2 Bed
2 Bath
1114 ft²
|
$315,000
-3.05%
03/07/2024
|
Nickolaus Waldner
Keller Williams Realty Centre
| |
|
09/01/2022
| |
2 Bed
|
2 Bath
|
-
|
$335,000
2 Bed
2 Bath
|
-
-
|
MERRITT BUTTS
Annapolis Bestgate
|
|
05/13/2022
|
2 Bed
|
2 Bath
|
1460 ft²
|
$325,000
2 Bed
2 Bath
1460 ft²
|
-
-
|
Rebecca Conway
National Realty
| |
|
07/06/2021
| |
2 Bed
|
2 Bath
|
-
|
$315,000
2 Bed
2 Bath
|
-
-
|
Sheryl Merritt
Annapolis Eastport
|
|
09/30/2019
|
2 Bed
|
2 Bath
|
1115 ft²
|
$239,000
2 Bed
2 Bath
1115 ft²
|
-
-
|
-
| |
|
07/12/2019
| |
2 Bed
|
2 Bath
|
-
|
$270,000
2 Bed
2 Bath
|
$340,000
+25.93%
05/29/2020
|
MERRITT BUTTS
|
|
06/08/2018
| |
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
|
|
07/30/2017
| |
2 Bed
|
2 Bath
|
1129 ft²
|
-
2 Bed
2 Bath
1129 ft²
|
-
-
|
-
|
Building Info
About Parole
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Listed by: Nickolaus Waldner
Keller Williams Realty Centre
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# MDAA2075060
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.
Keller Williams Realty Centre
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# MDAA2075060
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