NOT LISTED FOR SALE

1005 Edgewater Ave Unit 508 Ocean City, MD 21842

Estimated Value: $824,058 - $883,000

4 Beds
3 Baths
1,864 Sq Ft
$774/mo HOA Fee

Last Sold December 18, 2023

Last sale price $800,000 $429 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $6,278/month

82 Days on Market

Highlights

  • Pier or Dock
  • Fitness Center
  • Central Heating and Cooling System
  • Ocean City Elementary School Rated A
  • Community Pool
  • Dogs and Cats Allowed

About This Home

As of December 2023

Direct Bayfront 4 bedroom/ 3 full bath top floor end unit condo with and huge wrap balcony to give you wide open Bayviews and incredible sunsets. As well as great seats for all the White Marlin Open activities! Short distance to the beach and Boardwalk. Endless options for food, drinks and entertainment for all ages! The Pier, the rides, the Inlet, you name it! Plenty of space for everyone to stretch out after a long day of beach life! There is also a fireplace, which helps you to enjoy this space year round! Tons of natural light throughout, tastefully decorated and waiting on you! Make an appointment today!

This sale also included Deeded Boat Slip #3 (Tax ID - 10-746264 - separate tax Bill)
Slip $268.64 quarterly condo fee
Condo $2054.47 quarterly condo fee

Last Agent to Sell the Property

Kevin Decker

Coastal Life Realty Group LLC License #532548 Listed on: 09/08/2023

Last Buyer's Agent

Kevin Decker

Coastal Life Realty Group LLC License #532548 Listed on: 09/08/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,882

Year Built

  • Built in 2006

Lot Details

  • 523

HOA Fees

  • $774 Monthly HOA Fees

Parking

  • 2 Off-Street Spaces

Home Design

  • Dryvit Stucco

Interior Spaces

  • 1,864 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 3 Full Bathrooms

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 508
  • Assessor Parcel Number 2410746221

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, management
  • Mid-Rise Condominium
  • Bahia Vista I Community

Recreation

  • Pier or Dock
  • Fitness Center
  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,882

Year Built

Built in 2006

Lot Details

0

HOA Fees

$774 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Inclusions: Furniture
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 5
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1864
  • Living Area Sq Ft: 1864
  • Price Per Sq Ft: 482.78
  • Above Grade Finished Sq Ft: 1864
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1005

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Dryvit
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Central
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2323.11
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Exercise Room, Pool - Outdoor, Pier/Dock
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • 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: STEPHEN DECATUR

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: Yes

Tax Info

  • Tax Annual Amount: 7882.00
  • Assessor Parcel Number: 2410746221
  • Tax Lot: 508
  • Tax Total Finished Sq Ft: 1864
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/18/2023

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Dec 18, 2023
Sold by
Shockley Raymond C
Bought by
Ssbh Llc
Seller's Agent
Kevin Decker
Coastal Life Realty Group LLC
Buyer's Agent
Kevin Decker
Coastal Life Realty Group LLC
List Price
$949,900
Sold Price
$800,000
Premium/Discount to List
-$149,900
-15.78%
Views
169
Current Estimated Value
$858,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,265
Avg. Annual Appreciation
2.17%

Purchase Details

Closed on
Mar 29, 2006
Sold by
Buas Bayside Hotel Inc
Bought by
Russo Antonio B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
6.26%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Ssbh Llc $800,000 None Listed On Document
Russo Antonio B $848,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russo Antonio B $875,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2023 12/18/23 Sold $800,000 -11.1% $429 / Sq Ft
09/21/2023 09/21/23 Price Changed $899,900 -5.3% $483 / Sq Ft
09/08/2023 09/08/23 For Sale $949,900 -- $510 / 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
2024 $8,670 $621,333 $0 $0
2023 $7,859 $559,200 $279,600 $279,600
2022 $7,859 $559,200 $279,600 $279,600
2021 $7,902 $559,200 $279,600 $279,600
2020 $7,901 $559,200 $279,600 $279,600
2019 $7,716 $542,400 $0 $0
2018 $7,403 $525,600 $0 $0
2017 $7,187 $508,800 $0 $0
2016 -- $482,100 $0 $0
2015 $7,202 $455,400 $0 $0
2014 $7,202 $428,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Decker

    Seller's Agent in 2023

    Kevin Decker

    Coastal Life Realty Group LLC

    (443) 235-6552

    145 in this area

    336 Total Sales

    Kevin Decker
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2015988

Bright MLS

APN: 10-746221

Maryland Worcester County Ocean City 21842

1005 Edgewater Ave Unit 508, Ocean City, MD

This home is located at 1005 Edgewater Ave Unit 508, Ocean City, MD 21842 since 08 September 2023 and is currently estimated at $858,265, approximately $460 per square foot. This property was built in 2006. 1005 Edgewater Ave Unit 508 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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