Steve Phillips & Maxine Phillips Sell The Friary On The Severn In Annapolis For $12.5M
1604 Winchester Road
$12,500,000
$357/SF
Building Size
35,000 SF
Asset Type
Single Family
Closing
Dec 3, 2025
AI
A single-family residence located at 1604 Winchester Road in Annapolis, MD has been sold after 13 years on and off the market. The asset encompasses a total square footage of 35,000 and was sold for $12,500,000, equating to a price per square foot of $357.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,500,000
- Sale Date: 12/03/2025
- Seller: Steve Phillips & Maxine Phillips
- Market: Annapolis, MD
- Square Footage: 35,000
- Price Per Square Foot: $357
The transaction involved Steve Phillips and Maxine Phillips as the sellers of the property. The property had been listed for as much as $32 million prior to the sale.
Players
Annapolis Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93