NOT LISTED FOR SALE

1005 Edgewater Ave Unit 508 Ocean City, MD 21842

Ocean City Area

Estimated Value: $861,486

4 Beds
3 Baths
1,864 Sq Ft
523 Sq Ft Lot

Sale Details

Date Sold: December 18, 2023

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

Est. 8% increase in value since last sale

Current estimated payment $6,124 / mo

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

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC License #532548 Listed on: 09/08/2023

Last Buyer's Agent

Kevin Decker

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC License #532548 Listed on: 09/08/2023

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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

  • Entry on the 5th floor
  • 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 Community
  • 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

523 Sq Ft Lot

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

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

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • 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
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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
$861,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,486
Avg. Annual Appreciation
2.73%

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ocean City, MD

  • Ginnie Kite Real Estate Agent - LPT Realty, LLC

    Ginnie Kite

    LPT Realty, LLC

    (717) 931-6204

    185 Total Sales

    1 in Ocean City

    $310,500 Price

    Ginnie Kite
     Section Image
  • Gail Rohleder Real Estate Agent - Garceau Realty

    Gail Rohleder

    Garceau Realty

    (202) 932-0601

    37 Total Sales

    2 in Ocean City

    $570K - $805K Price Range

    Gail Rohleder
     Section Image
  • Rebecca Turner Real Estate Agent - Northrop Realty

    Rebecca Turner

    Northrop Realty

    (302) 253-7550

    73 Total Sales

    1 in Ocean City

    $275,000 Price

    Rebecca Turner
     Section Image
  • Janelle Brubach Real Estate Agent - Realty Plus Associates

    Janelle Brubach

    Realty Plus Associates

    (410) 339-8341

    93 Total Sales

    3 in Ocean City

    $197K - $400K Price Range

    Janelle Brubach
     Section Image
  • Sarah Jourdan Real Estate Agent - Coldwell Banker Realty

    Sarah Jourdan

    Coldwell Banker Realty

    (302) 253-7414

    69 Total Sales

    5 in Ocean City

    $205K - $690K Price Range

    Sarah Jourdan
     Section Image
  • Brenda Fornos Real Estate Agent - Taylor Properties

    Brenda Fornos

    Responds Quickly

    Taylor Properties

    (667) 230-5001

    78 Total Sales

    13 in Ocean City

    $235K - $595K Price Range

    Brenda Fornos
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$800,000 None Listed On Document
Russo Antonio B $848,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,333 $745,600 $372,800 $372,800
2025 $9,333 $683,467 $0 $0
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 Real Estate Agent - Coastal Life Realty Group LLC

    Seller's Agent in 2023

    Kevin Decker

    Coastal Life Realty Group LLC

    (443) 235-6552

    278 Total Sales

    Kevin Decker
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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

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