$610,000
●
Condo -
Off Market
5 PARK PLACE #430
ANNAPOLIS, MD 21401
2 Beds
2 Baths
1,292 Ft²
$4,768
Est. Monthly
$956
HOA / Fees
1.27%
Cap Rate
About This Property
PRICE REDUCED! Discover the perfect blend of comfort and
convenience at The Residence at Park Place in Annapolis. This
two-bedroom, two-bathroom condo spans 1,292 square feet with an
open layout and includes two secure garage parking spots. Ideally
located just a short drive from Washington, D.C., Baltimore, and
BWI Airport, it offers easy access to major hubs while being within
walking distance of Historic Annapolis, the U.S. Naval Academy, and
local dining favorites like Sailor Oyster Bar and Rams Head Tavern.
Building amenities include a refreshing outdoor pool, a fitness
center, and secure access, providing both convenience and peace of
mind. Priced at below market, this property is an excellent
opportunity to enjoy vibrant city living in one of Maryland's most
sought-after areas. The furnishings in the images have been
virtually staged to help you picture the home's full potential and
layout possibilities. Contact your real estate professional for a
private tour.
Unit Size
1,292 Ft²
Days on Market
380 days
Land Size
-
Price per sqft
$509
Property Type
Condo
Property Taxes
$580
HOA Dues
$956
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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: 13 months ago (Bright MLS #MDAA2095846)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Sep 12, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Price Decreased |
$658,000
↓ $30K
(4.4%) | |
| Price Decreased | |||
| Jun 20, 2025 | Price Decreased |
$688,000
↓ $32K
(4.4%) | |
| Price Decreased | |||
| Oct 2, 2024 | Listed | $720,000 | |
| Listed | |||
| | |||
|
Discover the perfect blend of comfort and convenience at The Residence at Park Place in Annapolis. This two-bedroom, two-bathroom condo spans 1,292 square feet with an open layout and includes two secure garage parking spots. Ideally located just a short drive from Washington, D.C., Baltimore, and BWI Airport, it offers easy access to major hubs while being within walking distance of Historic Annapolis, the U.S. Naval Academy, and local dining favorites like Sailor Oyster Bar and Rams Head Tavern. Building amenities include a refreshing outdoor pool, a fitness center, and secure access, providing both convenience and peace of mind. Priced at below market, this property is an excellent opportunity to enjoy vibrant city living in one of Maryland’s most sought-after areas. The furnishings in the images have been virtually staged to help you picture the home’s full potential and layout possibilities. Contact your real estate professional for a private tour.
| |||
Property Highlights
Garage
Parking Available
Elevator
Doorman
Air Conditioning
Parking Details
Has Garage
Parking Features: Assigned
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Appliances: Microwave, Built-In Range, Dishwasher, Disposal, Dryer, Exhaust Fan, Refrigerator, Washer
Exterior Details
Has Property Attached
Square Footage: 1292
Square Footage Source: $0
Security Features: Security System, Desk in Lobby, Monitored, Resident Manager
Architectural Style: Beaux Arts
Year Built Source: Assessor
Year Built: 2007
Building Name: RESIDENCE AT PARK PLACE
Levels: 1
Other Structures: Above Grade, Below Grade
Construction Materials: Mixed
Water Source: Public
Financial Details
Tax Annual Amount: $6,962
Utilities Details
Cooling Type: Ceiling Fan(s), Central A/C
Heating Type: Heat Pump - Electric BackUp
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Gas, Insurance, Pest Control, Snow Removal, Ext Bldg Maint, Management, Parking Fee, Pool(s), Reserve Funds, Security Gate
HOA/Condo/Coop Amenities: Fitness Center, Dog Park, Elevator(s), Meeting Room, Party Room, Pool - Outdoor, Reserved/Assigned Parking
Condo/Coop Fee: $956
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 |
|---|---|---|---|---|---|---|---|
|
08/11/2026
|
2 Bed
|
2 Bath
|
1206 ft²
|
$649,900
2 Bed
2 Bath
1206 ft²
|
$649,900
10/13/2026
|
Greg Beckman
Coldwell Banker Realty
| |
|
08/09/2026
|
2 Bed
|
2 Bath
|
1328 ft²
|
$720,000
2 Bed
2 Bath
1328 ft²
|
$720,000
10/09/2026
|
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
| |
|
06/26/2026
|
2 Bed
|
2 Bath
|
1384 ft²
|
$639,500
2 Bed
2 Bath
1384 ft²
|
$632,000
-1.17%
07/14/2026
|
Rene' Butta
Coldwell Banker Realty
| |
|
06/05/2026
|
2 Bed
|
2 Bath
|
1413 ft²
|
$690,000
2 Bed
2 Bath
1413 ft²
|
$675,000
-2.17%
07/10/2026
|
Kathryn Liscinsky
Compass
| |
|
05/19/2026
|
2 Bed
|
2 Bath
|
1336 ft²
|
$632,000
2 Bed
2 Bath
1336 ft²
|
$625,000
-1.11%
06/25/2026
|
David Yee
Annapolis Fine Homes
| |
|
05/06/2026
|
2 Bed
|
2 Bath
|
1292 ft²
|
$654,900
2 Bed
2 Bath
1292 ft²
|
$630,000
-3.80%
07/10/2026
|
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
| |
|
02/05/2026
|
2 Bed
|
2 Bath
|
1208 ft²
|
$687,000
2 Bed
2 Bath
1208 ft²
|
$669,000
-2.62%
07/24/2026
|
Greg Beckman
Coldwell Banker Realty
| |
|
09/13/2025
|
2 Bed
|
2 Bath
|
1335 ft²
|
$640,000
2 Bed
2 Bath
1335 ft²
|
$640,000
10/23/2025
|
Jennifer Holden
Compass
| |
|
09/10/2025
|
2 Bed
|
2 Bath
|
1213 ft²
|
$675,000
2 Bed
2 Bath
1213 ft²
|
$640,000
-5.19%
04/10/2026
|
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
| |
|
09/04/2025
|
2 Bed
|
2 Bath
|
1056 ft²
|
$565,000
2 Bed
2 Bath
1056 ft²
|
$552,500
-2.21%
10/27/2025
|
Scott Schuetter
CENTURY 21 New Millennium
| |
|
08/03/2025
|
2 Bed
|
2 Bath
|
1314 ft²
|
$699,000
2 Bed
2 Bath
1314 ft²
|
$650,000
-7.01%
06/30/2026
|
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
| |
|
07/21/2025
|
2 Bed
|
2 Bath
|
1320 ft²
|
$698,000
2 Bed
2 Bath
1320 ft²
|
$708,000
+1.43%
08/29/2025
|
Jeannette Westcott
Keller Williams Realty Centre
| |
|
07/18/2025
|
2 Bed
|
2 Bath
|
1343 ft²
|
$799,900
2 Bed
2 Bath
1343 ft²
|
$650,000
-18.74%
12/31/2025
|
Leslie Bauer
Keller Williams Realty
| |
|
07/18/2025
|
2 Bed
|
2 Bath
|
1188 ft²
|
$670,000
2 Bed
2 Bath
1188 ft²
|
$660,000
-1.49%
09/19/2025
|
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
| |
|
04/28/2025
|
2 Bed
|
2 Bath
|
1277 ft²
|
$675,000
2 Bed
2 Bath
1277 ft²
|
$620,000
-8.15%
11/20/2025
|
Kathryn Chumney
Coldwell Banker Realty
| |
|
04/24/2025
|
3 Bed
|
2 Bath
|
1822 ft²
|
$1,350,000
3 Bed
2 Bath
1822 ft²
|
$930,000
-31.11%
01/08/2026
|
Jennifer Chino
TTR Sotheby's International Realty
| |
|
03/31/2025
|
1 Bed
|
1 Bath
|
838 ft²
|
$479,000
1 Bed
1 Bath
838 ft²
|
$470,000
-1.88%
08/19/2025
|
George Gorayeb
Anne Arundel Properties, Inc.
| |
|
03/20/2025
|
2 Bed
|
2 Bath
|
1185 ft²
|
$625,000
2 Bed
2 Bath
1185 ft²
|
$600,000
-4.00%
05/16/2025
|
Renee Durakis
Northrop - Anne Arundel
| |
|
03/18/2025
|
1 Bed
|
2 Bath
|
926 ft²
|
$579,000
1 Bed
2 Bath
926 ft²
|
$545,000
-5.87%
04/04/2025
|
George Gorayeb
Anne Arundel Properties, Inc.
| |
|
03/15/2025
|
2 Bed
|
2 Bath
|
1056 ft²
|
$595,000
2 Bed
2 Bath
1056 ft²
|
$525,000
-11.76%
06/08/2026
|
William Hyland
Anne Arundel Properties, Inc.
| |
|
02/20/2025
|
2 Bed
|
2 Bath
|
1276 ft²
|
$777,000
2 Bed
2 Bath
1276 ft²
|
$615,000
-20.85%
09/04/2025
|
Carol Snyder
Monument Sotheby's International Realty
| |
|
10/02/2024
|
2 Bed
|
2 Bath
|
1292 ft²
|
$720,000
2 Bed
2 Bath
1292 ft²
|
$610,000
-15.28%
10/17/2025
|
William Hyland
Anne Arundel Properties, Inc.
| |
|
07/16/2024
|
1 Bed
|
2 Bath
|
938 ft²
|
$430,000
1 Bed
2 Bath
938 ft²
|
$430,000
08/14/2024
|
Keegan Dufresne
RE/MAX Allegiance
| |
|
03/14/2024
| |
2 Bed
|
2 Bath
|
-
|
$730,000
2 Bed
2 Bath
|
-
-
|
Dave Luptak
Annapolis Eastport
|
|
05/09/2024
|
2 Bed
|
2 Bath
|
1263 ft²
|
$750,000
2 Bed
2 Bath
1263 ft²
|
$750,000
07/12/2024
|
Deborah Kennedy
Engel & Volkers Annapolis
| |
|
03/29/2024
|
2 Bed
|
2 Bath
|
-
|
$749,000
2 Bed
2 Bath
|
$700,000
-6.54%
10/02/2024
|
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
| |
|
03/14/2024
|
2 Bed
|
2 Bath
|
1245 ft²
|
$730,000
2 Bed
2 Bath
1245 ft²
|
$752,000
+3.01%
04/10/2024
|
David Luptak
Long & Foster Real Estate, Inc.
| |
|
01/26/2024
|
2 Bed
|
2 Bath
|
1453 ft²
|
$865,000
2 Bed
2 Bath
1453 ft²
|
$750,000
-13.29%
06/21/2024
|
Georgeann Berkinshaw
Coldwell Banker Realty
| |
|
09/03/2023
|
2 Bed
|
2 Bath
|
1350 ft²
|
$865,000
2 Bed
2 Bath
1350 ft²
|
$825,000
-4.62%
03/28/2024
|
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
| |
|
12/06/2019
| |
2 Bed
|
2 Bath
|
-
|
$430,000
2 Bed
2 Bath
|
-
-
|
-
|
|
08/24/2023
|
2 Bed
|
2 Bath
|
1292 ft²
|
$765,000
2 Bed
2 Bath
1292 ft²
|
$755,000
-1.31%
09/29/2023
|
Phillippe Gerdes
Real Broker, LLC
| |
|
02/17/2023
|
2 Bed
|
2 Bath
|
1245 ft²
|
$775,000
2 Bed
2 Bath
1245 ft²
|
$800,000
+3.23%
04/24/2023
|
Moe Farley
Coldwell Banker Realty
| |
|
07/01/2023
|
2 Bed
|
2 Bath
|
1270 ft²
|
$739,900
2 Bed
2 Bath
1270 ft²
|
$739,900
10/05/2023
|
George Gorayeb
Anne Arundel Properties, Inc.
| |
|
05/25/2023
|
3 Bed
|
2 Bath
|
1710 ft²
|
$1,095,000
3 Bed
2 Bath
1710 ft²
|
$1,025,000
-6.39%
09/18/2023
|
Pamela Tierney
Long & Foster Real Estate, Inc.
| |
|
04/30/2023
|
2 Bed
|
2 Bath
|
1270 ft²
|
$714,900
2 Bed
2 Bath
1270 ft²
|
$735,000
+2.81%
06/16/2023
|
Martha Janney
Coldwell Banker Realty
| |
|
04/13/2023
|
2 Bed
|
2 Bath
|
1314 ft²
|
$779,900
2 Bed
2 Bath
1314 ft²
|
$746,000
-4.35%
10/02/2023
|
Mark A. Ritter
Revol Real Estate, LLC
| |
|
02/13/2023
|
1 Bed
|
1 Bath
|
883 ft²
|
$399,900
1 Bed
1 Bath
883 ft²
|
$399,900
03/06/2023
|
Phillippe Gerdes
Real Broker, LLC
| |
|
01/19/2023
|
2 Bed
|
2 Bath
|
-
|
$840,000
2 Bed
2 Bath
|
$840,000
02/28/2023
|
Kendal Cohen
Long & Foster Real Estate, Inc.
| |
|
01/06/2023
|
2 Bed
|
2 Bath
|
1522 ft²
|
$850,000
2 Bed
2 Bath
1522 ft²
|
$825,000
-2.94%
09/15/2023
|
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
| |
|
10/14/2022
|
3 Bed
|
2 Bath
|
1710 ft²
|
$957,000
3 Bed
2 Bath
1710 ft²
|
$950,000
-0.73%
05/05/2023
|
Elizabeth Heinsohn
Long & Foster Real Estate, Inc.
| |
|
10/02/2022
|
3 Bed
|
2 Bath
|
1710 ft²
|
$1,085,000
3 Bed
2 Bath
1710 ft²
|
$1,085,000
12/27/2022
|
Georgie Berkinshaw
Coldwell Banker Realty
| |
|
08/10/2022
|
2 Bed
|
2 Bath
|
1197 ft²
|
$549,900
2 Bed
2 Bath
1197 ft²
|
-
-
|
Lindsey Baugher
RE/MAX First Choice
| |
|
05/31/2022
|
2 Bed
|
2 Bath
|
1210 ft²
|
$550,000
2 Bed
2 Bath
1210 ft²
|
$550,000
06/24/2022
|
Sandra Wing
RE/MAX Leading Edge
| |
|
05/19/2022
|
2 Bed
|
2 Bath
|
1286 ft²
|
$565,000
2 Bed
2 Bath
1286 ft²
|
-
-
|
Carol Snyder
Monument Sotheby's International Realty
| |
|
05/06/2022
|
1 Bed
|
1 Bath
|
974 ft²
|
$375,000
1 Bed
1 Bath
974 ft²
|
-
-
|
Scott Schuetter
CENTURY 21 New Millennium
| |
|
03/25/2022
|
2 Bed
|
2 Bath
|
1185 ft²
|
$565,000
2 Bed
2 Bath
1185 ft²
|
-
-
|
Kelly Sim Joyce
Coldwell Banker Realty
| |
|
03/24/2022
|
2 Bed
|
2 Bath
|
1276 ft²
|
$579,500
2 Bed
2 Bath
1276 ft²
|
$580,000
+0.09%
05/31/2022
|
Jason Townsend
Compass
| |
|
01/14/2022
|
1 Bed
|
1 Bath
|
839 ft²
|
$425,000
1 Bed
1 Bath
839 ft²
|
$375,000
-11.76%
04/27/2022
|
Scott Schuetter
CENTURY 21 New Millennium
| |
|
10/16/2021
|
2 Bed
|
2 Bath
|
1277 ft²
|
$565,000
2 Bed
2 Bath
1277 ft²
|
$525,000
-7.08%
12/21/2021
|
Kristen Boyer
Taylor Properties
| |
|
07/12/2021
|
1 Bed
|
2 Bath
|
1147 ft²
|
$459,000
1 Bed
2 Bath
1147 ft²
|
-
-
|
Paul Evans
Curtis Real Estate Company
| |
|
06/05/2021
|
2 Bed
|
2 Bath
|
1350 ft²
|
$599,900
2 Bed
2 Bath
1350 ft²
|
$600,000
+0.02%
09/07/2021
|
Betty Jans
Berkshire Hathaway HomeServices PenFed Realty
| |
|
05/26/2021
|
2 Bed
|
2 Bath
|
1328 ft²
|
$589,000
2 Bed
2 Bath
1328 ft²
|
$589,000
11/18/2021
|
Thelma Harvey
| |
|
04/08/2021
|
2 Bed
|
2 Bath
|
1056 ft²
|
$489,000
2 Bed
2 Bath
1056 ft²
|
$489,000
08/04/2021
|
Georgie Berkinshaw
| |
|
03/27/2021
|
3 Bed
|
2 Bath
|
1710 ft²
|
$949,000
3 Bed
2 Bath
1710 ft²
|
$905,000
-4.64%
12/21/2021
|
Kelly Sim Joyce
Coldwell Banker Realty
| |
|
03/26/2021
|
2 Bed
|
2 Bath
|
1336 ft²
|
$539,000
2 Bed
2 Bath
1336 ft²
|
-
-
|
Wanda Melton
EKB Realty
| |
|
03/24/2021
|
3 Bed
|
3 Bath
|
2737 ft²
|
$1,399,000
3 Bed
3 Bath
2737 ft²
|
-
-
|
-
| |
|
01/10/2021
|
3 Bed
|
3 Bath
|
1811 ft²
|
$975,000
3 Bed
3 Bath
1811 ft²
|
$930,000
-4.62%
07/13/2021
|
Thelma Harvey
| |
|
12/16/2020
|
2 Bed
|
2 Bath
|
1270 ft²
|
$529,000
2 Bed
2 Bath
1270 ft²
|
-
-
|
-
| |
|
05/08/2020
|
2 Bed
|
2 Bath
|
1284 ft²
|
$549,900
2 Bed
2 Bath
1284 ft²
|
-
-
|
-
| |
|
01/09/2020
|
2 Bed
|
2 Bath
|
1056 ft²
|
$423,900
2 Bed
2 Bath
1056 ft²
|
-
-
|
-
| |
|
10/18/2019
|
3 Bed
|
3 Bath
|
1750 ft²
|
$879,900
3 Bed
3 Bath
1750 ft²
|
-
-
|
-
| |
|
08/14/2019
|
2 Bed
|
2 Bath
|
1280 ft²
|
$519,900
2 Bed
2 Bath
1280 ft²
|
-
-
|
-
| |
|
07/02/2019
|
1 Bed
|
1 Bath
|
813 ft²
|
$349,000
1 Bed
1 Bath
813 ft²
|
$345,000
-1.15%
10/11/2019
|
Mary Beth Paganelli
| |
|
06/24/2019
|
2 Bed
|
2 Bath
|
1056 ft²
|
$429,900
2 Bed
2 Bath
1056 ft²
|
$414,500
-3.58%
05/13/2020
|
Charles Cockrill
| |
|
06/18/2018
| |
2 Bed
|
2 Bath
|
-
|
$489,500
2 Bed
2 Bath
|
-
-
|
-
|
|
03/13/2019
|
2 Bed
|
2 Bath
|
1328 ft²
|
$575,000
2 Bed
2 Bath
1328 ft²
|
-
-
|
-
| |
|
09/07/2018
|
1 Bed
|
2 Bath
|
968 ft²
|
-
1 Bed
2 Bath
968 ft²
|
-
-
|
-
| |
|
09/07/2018
|
2 Bed
|
2 Bath
|
1263 ft²
|
$509,000
2 Bed
2 Bath
1263 ft²
|
$470,000
-7.66%
03/05/2019
|
Elizabeth Heinsohn
| |
|
09/05/2018
|
2 Bed
|
2 Bath
|
1328 ft²
|
$579,000
2 Bed
2 Bath
1328 ft²
|
-
-
|
-
| |
|
08/29/2018
|
2 Bed
|
2 Bath
|
1286 ft²
|
$529,900
2 Bed
2 Bath
1286 ft²
|
-
-
|
-
| |
|
04/18/2017
| |
2 Bed
|
2 Bath
|
-
|
$414,900
2 Bed
2 Bath
|
-
-
|
-
|
|
10/03/2016
|
1 Bed
|
1 Bath
|
980 ft²
|
$319,900
1 Bed
1 Bath
980 ft²
|
$315,000
-1.53%
01/19/2018
|
Charles Cockrill
Coldwell Banker Realty
| |
|
02/21/2013
|
2 Bed
|
2 Bath
|
1200 ft²
|
$443,500
2 Bed
2 Bath
1200 ft²
|
$430,000
-3.04%
06/24/2013
|
James Ellis
Coldwell Banker Realty
|
Building Info
About Annapolis
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,000 /mo
- 1 Bed
- 1 Bath
- 516 ft²
$5,500 /mo
- 3 Beds
- 2 Baths
- 1,476 ft²
Listed by: William H Hyland
Anne Arundel Properties, Inc.
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# MDAA2095846
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Anne Arundel Properties, Inc.
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# MDAA2095846
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