1158 Bay Highlands Dr, Annapolis, MD 21403, USA

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🔥Direct to Seller Annapolis, MD | 1.05 Acre Lot + Approved Addition Plans & Permits🔥

📍 1158 Bay Highlands Dr, Annapolis MD, 21403 – Arundel on Bay Prime Location

🏠 Existing Property:

3 Bed / 3 Bath / 2,576 sqft – full gut needed
Lot: 1.05 acres (rare in this area)
No foundation issues
Plumbing & electric solid
Electrical Panel replaced 2023
Basement had mold from 2023 sump pump failure (already corrected with 3 new pumps)

🛠 Recent Work Done:

Electrical panel replaced (2023)
3 sump pumps installed/replaced (2021–2023)
Oil tank (2017–2018)
House fully rebuilt in 2003 after fire – solid bones

💡 Exit Strategies:
1️⃣ Renovate + Add On (NOT ground-up) – Approved plans & permits for 4 bed / 3.5 bath + attached 2-car garage
2️⃣ Standard gut/reno flip (no addition) → Comps: $900K–$1M
3️⃣ Full renovation + addition → Certified appraisal ARV: $1.225M

✅ Investor Benefits:

Rare 1+ acre lot in Annapolis
Addition/renovation = faster, cheaper, safer than full tear-down/new build
Full Plans, Blueprints + Permits for 4 beds 3.5 bath 2 car garages  (time + cost savings)
Multiple profit paths: gut flip OR max value w/ approved addition
Strong spread & upside in a high-demand area

💰 Asking: $550K

🏡 ARV:
Standard gut/reno flip (no addition) → $900K–$1M
Full renovation + addition → Certified appraisal ARV: $1.225M

💰 Cash Only | Assignable Contract | Fast Close

📸 Pics, Approved Plans, Appraisal & Comps: https://drive.google.com/drive/folders/1Pxkcz1PktqK5VFabXBqOjSLKTZIeoNnJ?usp=drive_link

ANY OFFERS ARE WELCOME!

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Resources:

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