$233,000
SOLD JAN 30, 2020

Marigot Beach Condominiums 10002 Coastal Hwy Unit 1208 Ocean City, MD 21842

1 Bed
1 Bath
720 Sq Ft
$400/mo HOA Fee

Recently Sold

$324 Per Sq Ft

7% Below List Price

409 Days on Market

Highlights

  • Primary bedroom faces the ocean
  • Beach
  • Fitness Center
  • Ocean City Elementary School Rated A
  • Private Beach Club
  • Contemporary Architecture

About This Home

As of July 2022

Direct Oceanfront. One bedroom unique custom designed interior and furnishings. Never rented but has high income potential. Year round getaway. Spectacular ocean views. Indoor heated pool, assigned parking, well managed building; . Year round security. Basic cable & WiFi included in condo fee. Assigned parking close to building & elevator.

Last Agent to Sell the Property

Jamie Caine

Coldwell Banker Realty License #52321 Listed on: 10/24/2018

Coldwell Banker Realty

Last Buyer's Agent

Keti Lynch

Shoreline Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,703

Year Built

  • Built in 1984

Lot Details

  • West Facing Home
  • Property is in very good condition

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Built-Up Roof
  • Piling Construction

Interior Spaces

  • 720 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Insulated Windows
  • Window Screens
  • Sliding Doors
  • Insulated Doors
  • Carpet
  • Electric Dryer

Kitchen

  • Built-In Range
  • Down Draft Cooktop
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Primary bedroom faces the ocean
  • 1 Full Bathroom

Parking

  • Parking Lot
  • 1 Assigned Parking Space

Pool

  • Outdoor Shower

Schools

  • Ocean City Elementary School
  • Berlin Middle School
  • Stephen Decatur High School

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2570A
  • Assessor Parcel Number 10-270014

Community Details

Overview

  • High-Rise Condominium
  • Lpbcondo, Mgmt.. Llc Condos, Phone Number (410) 390-4051
  • Built by Marigot Beach
  • Marigot Beach Community
  • Property Manager

Amenities

  • Common Area
  • Game Room
  • 2 Elevators

Recreation

  • Beach
  • Private Beach Club
  • Fitness Center
  • Community Indoor Pool
  • Heated Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,703

Year Built

Built in 1984

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2018-10-25
  • Federal Flood Zone: No
  • Year Built: 1984
  • Remarks Public: Direct Oceanfront. One bedroom unique custom designed interior and furnishings. Never rented but has high income potential. Year round getaway. Spectacular ocean views. Indoor heated pool, assigned parking, well managed building; . Year round security. Basic cable & WiFi included in condo fee. Assigned parking close to building & elevator.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Range, Built-In Microwave, Cooktop - Down Draft, Dishwasher, Disposal, Dryer, Dryer - Electric
  • Entry Floor: 1208
  • Flooring Type: Carpet
  • Interior Amenities: Flat, Primary Bedroom - Ocean Front
  • Window Features: Insulated, Screens
  • Fireplace: No
  • Door Features: Insulated, Sliding Glass
  • Elevators Count: 2
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pilings
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room Count: 3
  • Basement: No
  • Total Sq Ft: 720
  • Living Area Sq Ft: 720
  • Price Per Sq Ft: 347.22
  • Above Grade Finished Sq Ft: 720
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10002

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete
  • Exterior Features: Outside Shower
  • Road Surface Type: Black Top
  • Roof: Built-Up
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 220 Volts
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Phone
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1200.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: LPBCondo, Mgmt.. LLC
  • Condo Co-Op Phone: 410-390-4051
  • HOA Condo Co-Op Amenities: Beach, Beach Club, Cable, Common Grounds, Elevator, Exercise Room, Game Room, Pool - Indoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Heated

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: BERLIN
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: BERLIN

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Units: Square Feet
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: R-2
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Building Info

  • Builder Name: Marigot Beach

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5419924
  • Tax Annual Amount: 2703.00
  • Assessor Parcel Number: 10-270014
  • Tax Lot: 2570A
  • Tax Total Finished Sq Ft: 720
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019
  • Close Date: 01/30/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2022
Closed on
Jul 29, 2022
Sold by
Mccaffery Jr Patrick J
Bought by
Druding James G and Druding Barbara M
Seller's Agent
Lynette Bridges-Catha
Hileman Real Estate Inc-Salisbury
Buyer's Agent
Jamie Caine
Coldwell Banker Realty
List Price
$399,000
Sold Price
$399,000
Current Estimated Value
$409,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,948
Avg. Annual Appreciation
0.49%

Purchase Details

Listed on
Oct 24, 2018
Closed on
Jan 30, 2020
Sold by
Ayres Michael O and Ayres Delyte E
Bought by
Mccaffery Patrick J and Mccaffery Paula Elaine
Seller's Agent
Jamie Caine
Coldwell Banker Realty
Buyer's Agent
Keti Lynch
Shoreline Properties
List Price
$249,999
Sold Price
$233,000
Premium/Discount to List
-$16,999
-6.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.01%
Original Mortgage
$185,000
Interest Rate
3.74%
Mortgage Type
Closed End Mortgage

Purchase Details

Closed on
Dec 28, 1984
Sold by
Marigot Beach Limited Partnership
Bought by
Ayres Michael O and Ayres Delyte E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,500
Interest Rate
13.14%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $399,000 Title Resources Guaranty
Deed $233,000 Mid Atlantic T&E Co Inc
Deed $92,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $185,000 Closed End Mortgage
Previous Owner $200,000 Credit Line Revolving
Previous Owner $83,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $399,000 0.0% $554 / Sq Ft
07/02/2022 07/02/22 For Sale $399,000 +71.2% $554 / Sq Ft
01/30/2020 01/30/20 Sold $233,000 -6.8% $324 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
09/30/2019 09/30/19 Price Changed $249,999 0.0% $347 / Sq Ft
09/30/2019 09/30/19 For Sale $249,999 +7.3% $347 / Sq Ft
09/19/2019 09/19/19 Off Market $233,000 -- --
03/13/2019 03/13/19 Price Changed $265,000 -8.6% $368 / Sq Ft
10/25/2018 10/25/18 For Sale $290,000 -- $403 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,506 $297,333 $0 $0
2024 $3,506 $251,267 $0 $0
2023 $2,884 $205,200 $143,600 $61,600
2022 $2,813 $200,133 $0 $0
2021 $2,757 $195,067 $0 $0
2020 $2,695 $190,000 $133,000 $57,000
2019 $2,703 $190,000 $133,000 $57,000
2018 $2,711 $190,000 $133,000 $57,000
2017 $2,760 $194,400 $0 $0
2016 $2,760 $194,400 $0 $0
2015 $2,835 $194,400 $0 $0
2014 $2,835 $208,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1009920876

Bright MLS

APN: 10-270014