Yes there are currently several good 3 bedrooms homes in Downtown Annapolis in your price range on City Gate Lane, Dean Street, Cornhill Street and Pinkney Streets.
Dean, Cornhill and Pinkney Street homes are smaller and historic and the City Gate homes are larger and newer. The historic homes are very close to City Dock and USNA.
City Gate Lane homes are about a block out West Street, in the Murray Hill area. So they are still and easy stroll to Downtown and just 2 blocks to a new waterfront park on Spa Creek. Parking is also easier on City Gate lane than most of the other streets mentioned.
From the pictures posted on the MLS, they all look nice, but nothing like taking a tour to get a true feeling.
Prices have come down a bit over the last 2 years and most prices seem to be holding steady this year in downtown Annapolis. Even as impportant, if not more is the low mortgage rates at the moment can really being down your cost of the home over the long run.