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Riva Trace Condos: An Annapolis Real Estate Market Update

By
Real Estate Sales Representative with Keller Williams

A Quick Look at How Things are Selling at these Perennially Popular Annapolis Condos

Riva Trace EntranceFunny how many people you meet who don't know about the condos in Riva Trace. Perhaps it's because there's only one road in and out - no through traffic.

Or perhaps it's because everyone is distracted by the smart looking townhomes here, too, or the carefully manicured landscaping at every turn.

The Setup: The Riva Trace condo complex is a series of nine, 3-level buildings constructed 20 years ago - though the buildings are so well maintained that they hardly show their age.

The units on the 1st and 2nd levels are a mix of 1- and 2- bedroom homes with about 1,200 square feet. The 3rd floor units are 2- and 3-bedroom homes with lofts, averaging about 1,900 square feet. There are 12 units per building, 6 on each side of two wings.

The Community: The condos are part of the larger Riva Trace community, which has its own community pier and tennis courts. The tree-lined streets and sidewalks are favored by the many residents who enjoy a brisk walk - often with their four-legged companions - almost any hour of the day.

In addition to the condos and townhomes, there are two single family home neighborhoods - Spring Race and Autumn Chase - and a third that Ryan homes is building where the Riva Trace Baptist Church used to stand.

The Condo Market at a Glance

Riva Trace CondosA total of 7 Riva Trace condos have sold in the last year.

Currently there are 5 condos for sale, including a lovely 1 bedroom unit we just listed in building #2706. It's been beautifully updated and has had custom French doors installed between the living room and sunroom, turning the sunroom in multi-function space you could use as a spare bedroom or office. The list price is $285,000.

The most recent sale was a second level 2-bedroom unit that just went for $287,500 on April 30th, with a $500 seller subsidy. You'd have to go back to September 2008 to find a 3rd level unit that sold; they just don't come to market that often. That one sold for $330,000.

If You Would Like a More Detailed Snapshot of the Riva Trace Condo Market...

...send me an email at kenhaedrich@gmail.com. I'll put you on our Riva Trace Condo Hot List. You'll get not only an email with the most recent listings. But each time there's an update - a sale, contract, or new listing - you'll be automatically notified.

Finally, if you're thinking about selling your condo - or buying one here - give us a call or send us an email. We've sold nearly $7,000,000 in property in Riva Trace, so we know the neighborhood quite well.

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