Annapolis · Commercial sale
Riggs Avenue Enterprise buys 5 Riggs Ave in Severna Park for $1.7 million
An office building at 5 Riggs Ave, Severna Park sold for $1,700,000 on August 7, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $1,700,000
- Sold
- August 7, 2026
- Property type
- Office building
- Building area
- 5,800 sq ft
- Price per sq ft
- $293
- Year built
- 1965
The office building at 5 Riggs Ave in Severna Park sold for $1,700,000 on August 7, 2026. That is 72% above its recorded market value of $987,100, according to the Maryland Department of Assessments and Taxation's property records.
The deed records list Riggs Avenue Enterprise LLC as the buyer and Michael S. Elmore as the seller.
Assessor's records show 5,800 square feet of building area, a build year of 1965 and an 18,900-square-foot lot. The sale price works out to $293 per square foot. The last sale on record was $575,000 in 1999. This price is 3 times that.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Anne Arundel County?
By our estimate, the seller's two largest charges, not counting prorations, were $12,750 for the county transfer tax (Anne Arundel County) and $5,950 for the recordation tax (Anne Arundel County). Who pays what follows Anne Arundel County custom.
How much did the seller net?
By our estimate, the seller netted about $1,674,792. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $1,726,527 at closing. That covers the full price and closing costs.
Source: Maryland Department of Assessments and Taxation, Real Property Assessments (Maryland Open Data), document 42604-0320. Property details: Anne Arundel County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
