$365,000
●
Condo -
Off Market
2003 PHILLIPS TERRACE #9
ANNAPOLIS, MD 21401
2 Beds
2 Baths
1,470 Ft²
$2,415
Est. Monthly
$320
HOA / Fees
About This Property
Welcome to this charming penthouse condo in the Windgate community,
offering comfort, convenience, and a fantastic Annapolis location.
This home features 2 spacious bedrooms, 2 full bathrooms, and a
bonus upper-level living area with additional storage, along with
an open floor plan ideal for everyday living and entertaining.
The galley kitchen includes modern appliances (Range 2025,
Fridge 2024, Washer/Dryer 2025, Garbage Disposal 2025), and the
living area is highlighted by a gas fireplace and access to a
private balcony-perfect for relaxing after a long day. Additional
features include walk-in closet, a ceiling fan in the primary
bedroom, and a spiral staircase that adds character. Windgate
offers walking paths, tot lots, unassigned parking, and a secure
main entrance with intercom. Located close to downtown
Annapolis, you're just minutes from shopping, dining,
downtown, the waterfront, and the Naval Academy. Easy access to
RT-50, I-97, and public transit makes commuting to DC & Baltimore
simple.
A great opportunity for buyers seeking low-maintenance living in a prime location-schedule your private tour today!
A great opportunity for buyers seeking low-maintenance living in a prime location-schedule your private tour today!
Unit Size
1,470 Ft²
Days on Market
-
Land Size
-
Price per sqft
$248
Property Type
Condo
Property Taxes
$302
HOA Dues
$320
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: 8 months ago (Bright MLS #MDAA2135464)
Price History
Property Highlights
Parking Available
Air Conditioning
Fireplace
Parking Details
Parking Features: Unassigned
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Walk-In Closet(s), Combination Dining/Living, Combination Kitchen/Living, Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Galley, Spiral Staircase, Window Treatments
Appliances: Microwave, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Washer, Water Heater
Flooring Type: Luxury Vinyl Plank
Rooms: 7
Has Fireplace
Fireplace Features: Gas/Propane
Fireplaces: 1
Exterior Details
Has Property Attached
Square Footage: 1470
Square Footage Source: $0
Security Features: Main Entrance Lock, Intercom
Property Condition: Very Good
Architectural Style: Unit/Flat
Year Built Source: Assessor
Year Built: 1995
Building Name: WINDGATE CONDO
Levels: 3
Other Structures: Above Grade, Below Grade
Construction Materials: Brick, Frame
Patio and Porch Features: Balcony
Water Source: Public
Financial Details
Tax Annual Amount: $3,628
Utilities Details
Cooling Type: Ceiling Fan(s), Central A/C
Heating Type: Heat Pump(s)
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Snow Removal, Ext Bldg Maint, Reserve Funds
HOA/Condo/Coop Amenities: Jog/Walk Path, Tot Lots/Playground
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 |
|---|---|---|---|---|---|---|---|
|
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: Claire Davis
Engel & Volkers Annapolis
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDAA2135464
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.
Engel & Volkers Annapolis
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# MDAA2135464
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