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    5 Park Pl, Unit 107 Annapolis, MD 21401

    For Sale
    $625,000

    First-floor, 2-bedroom condo with upscale amenities and convenient location.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Luxury Condo with Premium Amenities

    This first-floor residence offers luxury condo living with 2 bedrooms and 2 bathrooms. The home features hardwood floors and a spacious, bright layout. The kitchen is designed with style and convenience in mind. Residents benefit from 24/7 concierge service, a pool, a fitness center, meeting and party rooms, and a library. Outdoor amenities include a rear patio equipped with a kitchen and grilling area. The unit includes a storage space and parking. Additional amenities include a dog park and proximity to restaurants and shopping. The property is located in an in-town location.
    Location Intelligence

    Current Use by Public Records

    The Residence at Park Place ... Condominium Complex Douglas Commercial LLC Commercial Real Estate Agency Crofton Auction Services Auction House Park Place Condominium Complex B&O bike trails Bicycle Rack

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Annapolis
    County
    Anne Arundel
    State
    Maryland
    Longitude
    -76.5041432
    Latitude
    38.9780867

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    FAQs

    What type of property is this?
    Apartment building - First-floor, 2-bedroom condo with upscale amenities and convenient location.
    Where is this apartment building located?
    The property is located at 5 Park Pl, Unit 107 Annapolis, MD.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - 24/7 Concierge Service for your convenience.; - Enjoy the Pool and Fitness Center.; - In-Town Location with Easy Access to Restaurants and Shopping.
    Request Owner's contact information
    5 Park Pl, Unit 107 Annapolis, MD 21401
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    Annapolis, MD 21401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Park Pl, Unit 107 Annapolis, MD 21401
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