NOT LISTED FOR SALE

101 Philadelphia Ave Unit A Ocean City, MD 21842

Estimated Value: $601,000 - $1,191,000

3 Beds
2.5 Baths
1,616 Sq Ft
$542/Sq Ft Est. Value

Last Sold July 24, 2024

Last sale price $537,500 $333 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,115/month

4 Days on Market

Highlights

  • Beach
  • Bar or Lounge
  • Bay View
  • Ocean City Elementary School Rated A
  • Building is oceanfront but unit may not have water views
  • 3-minute walk to 3rd Street Playground

About This Home

As of July 2024

Welcome to Bay to Beach Condo/Townhouse B, a perfect coastal escape nestled on 1st Street on the tranquil bayside of Ocean City with NO HOA/Condo fees! With its prime location and incredible views just two walking blocks from both the ocean and the bay, this charming 3-bedroom, 2 1/2-bath townhouse offers the ideal retreat for your seaside getaway. Step inside to discover a cozy and comfortable haven, just a short distance from the famed Ocean City boardwalk, sandy beaches, and an array of family-friendly activities. The main bedroom boasts a peaceful Queen bed, perfect for unwinding after a day of beach adventures. The second bedroom offers another Queen bed for additional guests, while the third bedroom is ideal for families or groups with its two Queen beds and pyramid bunk. Plus, there's a Queen sleep sofa in the living area for extra sleeping space. This unit has been tastefully updated and is a turnkey property. Prepare delicious meals in the fully equipped kitchen, complete with essential stainless steel appliance appliances Corian countertops, and cooking/ eating essentials. The convenience of a washer and dryer in the townhouse and Cable TV and WIFI are available. Rest easy knowing that Bay to Beach Townhouse A offers two under-building parking spots, ensuring hassle-free parking. When it's time to hit the beach, simply take a short stroll to the sparkling waters of the Atlantic Ocean, where you can soak up the sun and enjoy the breathtaking views. Great rental potential/ history or just keep for yourself and your family and friends. See unit A listing for general interior photos these properties are mirrors of one another..

Last Agent to Sell the Property

Kerry Roth

RE/MAX Realty Group License #RS-0037884 Listed on: 05/28/2024

RE/MAX Realty Group

Last Buyer's Agent

Jessica Stroble

Sheppard Realty Inc License #5016061

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,417

Year Built

  • Built in 2005

Lot Details

  • Building is oceanfront but unit may not have water views
  • Southeast Facing Home
  • Cleared Lot

Parking

  • Off-Street Parking

Property Views

  • Bay
  • City
  • Scenic Vista

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,616 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Open Floorplan

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Multiple Balconies
  • Porch

Location

  • Flood Zone Lot
  • Flood Risk

Schools

  • Stephen Decatur High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot A
  • Assessor Parcel Number 2410430437

Community Details

Overview

  • No Home Owners Association
  • Built by NOWALK 2 FIRST
  • Nowalk At First Community
  • Nowalk To The Boardwalk Subdivision
  • Property Manager

Amenities

  • Bar or Lounge

Recreation

  • Beach
  • Baseball Field
  • Community Basketball Court

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,417

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: FULLY FURNISHED WITH EXCEPTION OF SOME PERSONAL ITEMS
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2024-06-11
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to Bay to Beach Condo/Townhouse B, a perfect coastal escape nestled on 1st Street on the tranquil bayside of Ocean City with NO HOA/Condo fees! With its prime location and incredible views just two walking blocks from both the ocean and the bay, this charming 3-bedroom, 2 1/2-bath townhouse offers the ideal retreat for your seaside getaway. Step inside to discover a cozy and comfortable haven, just a short distance from the famed Ocean City boardwalk, sandy beaches, and an array of family-friendly activities. The main bedroom boasts a peaceful Queen bed, perfect for unwinding after a day of beach adventures. The second bedroom offers another Queen bed for additional guests, while the third bedroom is ideal for families or groups with its two Queen beds and pyramid bunk. Plus, there's a Queen sleep sofa in the living area for extra sleeping space. This unit has been tastefully updated and is a turnkey property. Prepare delicious meals in the fully equipped kitchen, complete with essential stainless steel appliance appliances Corian countertops, and cooking/ eating essentials. The convenience of a washer and dryer in the townhouse and Cable TV and WIFI are available. Rest easy knowing that Bay to Beach Townhouse A offers two under-building parking spots, ensuring hassle-free parking. When it's time to hit the beach, simply take a short stroll to the sparkling waters of the Atlantic Ocean, where you can soak up the sun and enjoy the breathtaking views. Great rental potential/ history or just keep for yourself and your family and friends. See unit A listing for general interior photos these properties are mirrors of one another..
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Interior Amenities: Combination Dining/Living, Combination Kitchen/Dining, Primary Bath(s), Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 1616
  • Living Area Sq Ft: 1616
  • Price Per Sq Ft: 377.48
  • Above Grade Finished Sq Ft: 1616
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 101

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Upper Level 2 Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks
  • Roof: Asphalt
  • View: City, Bay, Water, Scenic Vista
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Bar/Lounge, Beach
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • High School: STEPHEN DECATUR
  • School District Key: 121138066543
  • School District Source: Listing Agent
  • High School: STEPHEN DECATUR

Lot Info

  • Land Use Code: U
  • Lot Features: Cleared, Corner, Flood Plain
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balconies- Multiple, Porch(es)
  • Soil Types: Sandy
  • Year Assessed: 2023
  • In City Limits: Yes

Building Info

  • Builder Name: NOWALK 2 FIRST

Rental Info

  • Total Actual Rent: 70000.00
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3417.00
  • Assessor Parcel Number: 2410430437
  • Tax Lot: A
  • Tax Total Finished Sq Ft: 1616
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 07/24/2024

Multi Family

  • Federal Flood Zone: EL5

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Jul 24, 2024
Sold by
Carcione Joann
Bought by
Bay To Beach Llc
Seller's Agent
Kerry Roth
RE/MAX Realty Group
Buyer's Agent
Jessica Stroble
Sheppard Realty Inc
List Price
$610,000
Sold Price
$537,500
Premium/Discount to List
-$72,500
-11.89%
Views
5
Current Estimated Value
$875,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,920
Avg. Annual Appreciation
53.98%
Original Mortgage
$806,250
Outstanding Balance
$797,981
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$77,439

Purchase Details

Closed on
Nov 30, 2021
Sold by
Carcione Charles J and Carcione Joann
Bought by
Carcione Joann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2017
Closed on
May 21, 2018
Sold by
Logue Daniel L and Logue Michelle M
Bought by
Carcione Charles J and Carcione Joann
Seller's Agent
Erik Windrow
Keller Williams Realty
Buyer's Agent
Melissa Strawbridge
Iron Valley Real Estate Ocean City
List Price
$650,000
Sold Price
$615,000
Premium/Discount to List
-$35,000
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
Original Mortgage
$461,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2012
Sold by
Bay Bank Fsb
Bought by
Logue Daniel J and Logue Michelle M

Purchase Details

Closed on
Jan 13, 2012
Sold by
Katz Ronald B and Hartlaub Eric A
Bought by
Bay Bank Fsb
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Bay To Beach Llc $1,075,000 Ocean Investments Title
Carcione Joann -- Real Estate Title & Escrow
Carcione Charles J $615,000 None Available
Logue Daniel J $490,000 --
Bay Bank Fsb $350,000 Supreme Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bay To Beach Llc $806,250
Previous Owner Carcione Joann $439,000
Previous Owner Carcione Charles J $461,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2024 07/24/24 Sold $537,500 -11.9% $333 / Sq Ft
06/01/2024 06/01/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $610,000 -0.8% $377 / Sq Ft
05/21/2018 05/21/18 Sold $615,000 -5.4% $190 / Sq Ft
03/30/2018 03/30/18 Pending -- -- --
10/02/2017 10/02/17 For Sale $650,000 -- $201 / 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 $4,585 $711,000 $0 $0
2024 $4,585 $328,567 $0 $0
2023 $3,417 $242,400 $121,200 $121,200
2022 $3,407 $242,400 $121,200 $121,200
2021 $3,425 $242,400 $121,200 $121,200
2020 $3,438 $242,400 $121,200 $121,200
2019 $3,448 $242,400 $121,200 $121,200
2018 $3,414 $242,400 $121,200 $121,200
2017 $3,441 $242,400 $0 $0
2016 -- $242,400 $0 $0
2015 $3,529 $242,400 $0 $0
2014 $3,529 $242,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2021040

Bright MLS

APN: 10-430437