NOT LISTED FOR SALE

107 Somerset St Unit 103 Ocean City, MD 21842

Estimated Value: $579,000 - $722,000

3 Beds
2 Baths
1,533 Sq Ft
$570/mo HOA Fee

Last Sold May 20, 2021

Last sale price $449,900 $293 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,369/month

Highlights

  • Open Floorplan
  • Furnished
  • Community Pool
  • Ocean City Elementary School Rated A
  • Upgraded Countertops
  • 3-minute walk to Sunset Park

About This Home

As of May 2021

Welcome to Bel-Mare! This large 3 bed/2 bath, downtown condo is just one-block off the beach and Ocean City's world-famous boardwalk. The first floor unit is being offered fully furnished with high-end coastal style furniture and designer finishes. The bright and airy, open concept floor-plan and extra large bedrooms offer plenty of space to accommodate everyone, comfortably. Your gourmet kitchen features granite countertops, stainless steel appliances and enough space for multiple cooks in the family. The living area has a gas fireplace, and the master bath includes a walk-in shower, double vanity and whirlpool jacuzzi! The large laundry room and abundant closet space throughout means there is plenty of storage for all of your beach gear and personal belongings. Watch the sunrise, enjoy morning coffee or afternoon cocktails on your large private deck overlooking Baltimore Avenue. Perfect as your second home at the beach or purchase as an investment! The unit is just steps to the private pool, 2 assigned prime parking spaces, and a gated entrance vestibule with elevator - all within walking distance to shopping, fishing, boating, restaurants, and of course, the beach! Units in this building don't come up for sale often, so you must act quickly. This one won't last long.

Last Agent to Sell the Property

Spike Sands

(443) 235-0489 spikesands@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS-0038938 Listed on: 04/09/2021

Berkshire Hathaway HomeServices PenFed Realty - OP

Last Buyer's Agent

Bill Kelly

(410) 524-1203 captbillkelly@yahoo.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,980

Year Built

  • Built in 2006

HOA Fees

  • $570 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Parking Lot
  • Secure Parking

Home Design

  • Entry on the 2nd floor
  • Metal Siding
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 1,533 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Built-In Features
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • Combination Kitchen and Dining Room

Kitchen

  • Galley Kitchen
  • Breakfast Area or Nook
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Soaking Tub

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Public Septic
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Exterior Lighting
  • Property is in excellent condition

Listing and Financial Details

  • Tax Lot 103
  • Assessor Parcel Number 10-750644

Community Details

Overview

  • Association fees include common area maintenance, insurance, pool(s), reserve funds, trash
  • Low-Rise Condominium
  • Mann Properties Condos
  • Bel Mare Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,980

Year Built

Built in 2006

Lot Details

0

HOA Fees

$570 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Exclusions: Personal Items, All kids hand painted pictures, Beach House picture under temp meter, Fish Picture left of sink, Crab Pic and Fish Pic in left bedroom when coming in front door
  • Home Warranty: No
  • Inclusions: Sold Furnished see exclusions list
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-04-10
  • Federal Flood Zone: No
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to Bel-Mare! This large 3 bed/2 bath, downtown condo is just one-block off the beach and Ocean City's world-famous boardwalk. The first floor unit is being offered fully furnished with high-end coastal style furniture and designer finishes. The bright and airy, open concept floor-plan and extra large bedrooms offer plenty of space to accommodate everyone, comfortably. Your gourmet kitchen features granite countertops, stainless steel appliances and enough space for multiple cooks in the family. The living area has a gas fireplace, and the master bath includes a walk-in shower, double vanity and whirlpool jacuzzi! The large laundry room and abundant closet space throughout means there is plenty of storage for all of your beach gear and personal belongings. Watch the sunrise, enjoy morning coffee or afternoon cocktails on your large private deck overlooking Baltimore Avenue. Perfect as your second home at the beach or purchase as an investment! The unit is just steps to the private pool, 2 assigned prime parking spaces, and a gated entrance vestibule with elevator - all within walking distance to shopping, fishing, boating, restaurants, and of course, the beach! Units in this building don't come up for sale often, so you must act quickly. This one won't last long.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Compactor, Dishwasher, Disposal, Refrigerator, Stainless Steel Appliances, Washer, Dryer
  • Entry Floor: 2
  • Interior Amenities: Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Kitchen/Dining, Crown Moldings, Floor Plan - Open, Kitchen - Galley, Recessed Lighting, Soaking Tub, Upgraded Countertops, Wainscotting
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1533
  • Living Area Sq Ft: 1533
  • Price Per Sq Ft: 293.48
  • Above Grade Finished Sq Ft: 1533
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 107

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Asphalt, Concrete, Metal Siding, Vinyl Siding
  • Exterior Features: Exterior Lighting, Street Lights
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: No
  • Parking Features: Paved Parking, Secure Parking
  • Garage Features: Covered Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1711.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Mann Properties
  • HOA Condo Co-Op Amenities: Elevator, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Pool(s), Reserve Funds, Trash
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Concrete, Fenced

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5435828
  • Tax Annual Amount: 4980.00
  • Assessor Parcel Number: 10-750644
  • Tax Lot: 103
  • Tax Total Finished Sq Ft: 1533
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/20/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
May 19, 2021
Sold by
Erickson Brent R and Erickson Jami L
Bought by
Kareha Lou Matthew and Kareha Lori Ann
Seller's Agent
Spike Sands
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Bill Kelly
Coldwell Banker Realty
List Price
$449,900
Sold Price
$449,900
Current Estimated Value
$624,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,066
Avg. Annual Appreciation
7.79%
Original Mortgage
$359,920
Outstanding Balance
$325,667
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$299,299

Purchase Details

Closed on
Mar 31, 2014
Sold by
Siegert Michael S and Siegert Mary Anne
Bought by
Erickson Brent R and Erickson Jami L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$335,250
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2006
Sold by
Somerset Real Estate Corp
Bought by
Siegert Michael S and Siegert Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,990
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 2006
Sold by
Somerset Real Estate Corp
Bought by
Siegert Michael S and Siegert Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,990
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Kareha Lou Matthew $449,900 Mid Atlantic Stlmt Svcs Llc
Erickson Brent R $372,500 All Star Title Company
Siegert Michael S $469,000 --
Siegert Michael S $469,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kareha Lou Matthew $359,920
Previous Owner Erickson Brent R $335,250
Previous Owner Siegert Michael S $46,990
Previous Owner Siegert Michael S $375,920
Previous Owner Siegert Michael S $375,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2021 05/20/21 Sold $449,900 0.0% $293 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $449,900 -- $293 / 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 $5,668 $459,833 $0 $0
2024 $5,668 $406,167 $0 $0
2023 $4,954 $352,500 $176,200 $176,300
2022 $4,954 $352,500 $176,200 $176,300
2021 $4,981 $352,500 $176,200 $176,300
2020 $4,980 $352,500 $176,200 $176,300
2019 $5,015 $352,500 $176,200 $176,300
2018 $4,965 $352,500 $176,200 $176,300
2017 $5,004 $352,500 $0 $0
2016 $5,096 $352,500 $0 $0
2015 $5,096 $352,500 $0 $0
2014 $5,096 $383,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Spike Sands

    Seller's Agent in 2021

    Spike Sands

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (443) 235-0489

    40 in this area

    95 Total Sales

    Spike Sands
    Section Image

  • B

    Buyer's Agent in 2021

    Bill Kelly

    Coldwell Banker Realty

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO121096

Bright MLS

APN: 10-750644

Maryland Worcester County Ocean City 21842

107 Somerset St Unit 103, Ocean City, MD

This home is located at 107 Somerset St Unit 103, Ocean City, MD 21842 since 09 April 2021 and is currently estimated at $624,966, approximately $407 per square foot. This property was built in 2006. 107 Somerset St Unit 103 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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