NOT LISTED FOR SALE

107 Somerset St Unit 203 Ocean City, MD 21842

Estimated Value: $497,000 - $577,000

3 Beds
2 Baths
1,533 Sq Ft
$842/mo HOA Fee

Last Sold December 09, 2024

Last sale price $507,500 $331 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,224/month

150 Days on Market

Highlights

  • 1 Fireplace
  • Furnished
  • Elevator
  • Ocean City Elementary School Rated A
  • Community Pool
  • 3-minute walk to Sunset Park

About This Home

As of December 2024

Watch the ferris wheel from your balcony. Off the boardwalk in downtown Ocean City, this building is the ideal location. Close to beach, restaurants, shopping, amusements, entertainment and rides. This spacious 3 bedroom 2 bath condo allows for up to 8 people with open floor plan to include everyone. The master bathroom features a private bath with a soaking tub with jets along with a separate glass enclosed shower. The full sized washer and dryers are located in their own small room off the hallway. The building offers an outdoor pool and elevator. Enrolled in rental program with Beach Real Estate. No special assessments.

Last Agent to Sell the Property

Joanna Laslo

(410) 629-0224 joanna@oceancitybeachproperties.com Beach Real Estate Inc License #RB-0003218 Listed on: 06/04/2024

Last Buyer's Agent

Alyson Kendall

(301) 606-8453 alysonkendall@northroprealty.com Northrop Realty License #5002854

Northrop Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,685

Year Built

  • Built in 2006

Lot Details

  • Two or More Common Walls
  • Sprinkler System

HOA Fees

  • $842 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,533 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • 1 Fireplace

Kitchen

  • Built-In Range
  • Built-In Microwave
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Off-Street Spaces
  • 2 Assigned Parking Spaces

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 203
  • Assessor Parcel Number 2410750687

Community Details

Overview

  • Association fees include all ground fee
  • Low-Rise Condominium
  • Bel Mare Community

Amenities

  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,685

Year Built

Built in 2006

Lot Details

0

HOA Fees

$842 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: personal items, some wall pictures
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-06-04
  • Federal Flood Zone: No
  • Year Built: 2006
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Dryer - Electric, Icemaker, Water Heater, Washer
  • Entry Floor: 2
  • Interior Amenities: Ceiling Fan(s), Sprinkler System, Walk-In Closet(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Common Walls: 2+ Common Walls
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1533
  • Living Area Sq Ft: 1533
  • Price Per Sq Ft: 348.99
  • Above Grade Finished Sq Ft: 1533
  • Above Grade Finished Area Units: Square Feet

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: Frame, Stick Built, Vinyl Siding
  • Roof: Metal
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2525.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Elevator, Pool - Outdoor, Storage Bin
  • HOA Condo Co-Op Fee Includes: All Ground Fee
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5685.00
  • Assessor Parcel Number: 2410750687
  • Tax Lot: 203
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Dec 9, 2024
Sold by
Walp Robert Daniel and Walp Lisa Anne
Bought by
Nichols Roxxy Pualei and Nichols Trevor Lavon
Seller's Agent
Joanna Laslo
Beach Real Estate Inc
Buyer's Agent
Alyson Kendall
Northrop Realty
List Price
$570,000
Sold Price
$507,500
Premium/Discount to List
-$62,500
-10.96%
Views
122
Current Estimated Value
$543,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,002
Avg. Annual Appreciation
7.09%
Original Mortgage
$497,981
Outstanding Balance
$494,057
Interest Rate
6.78%
Mortgage Type
VA
Estimated Equity
$49,445

Purchase Details

Closed on
Jun 28, 2011
Sold by
Walp Robert Daniel
Bought by
Walp Robert Daniel and Walp Lisa Anne

Purchase Details

Closed on
Mar 18, 2009
Sold by
Somerset Real Estate Corp
Bought by
Walp Robert D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Nichols Roxxy Pualei $507,500 Lakeside Title
Nichols Roxxy Pualei $507,500 Lakeside Title
Walp Robert Daniel -- None Available
Walp Robert D $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nichols Roxxy Pualei $497,981
Closed Nichols Roxxy Pualei $497,981
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2024 12/09/24 Sold $507,500 -5.1% $331 / Sq Ft
10/01/2024 10/01/24 Price Changed $535,000 -0.9% $349 / Sq Ft
08/13/2024 08/13/24 Price Changed $540,000 -0.9% $352 / Sq Ft
07/10/2024 07/10/24 Price Changed $545,000 -0.9% $356 / Sq Ft
06/15/2024 06/15/24 Price Changed $550,000 -3.5% $359 / Sq Ft
06/04/2024 06/04/24 For Sale $570,000 -- $372 / 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 $6,279 $459,833 $0 $0
2024 $5,668 $406,167 $0 $0
2023 $4,969 $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 $5,000 $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 -- $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

  • Joanna Laslo

    Seller's Agent in 2024

    Joanna Laslo

    Beach Real Estate Inc

    (410) 629-0224

    21 in this area

    30 Total Sales

    Joanna Laslo
    Section Image
  • Alyson Kendall

    Buyer's Agent in 2024

    Alyson Kendall

    Creig Northrop Team of Long & Foster

    (301) 606-8453

    20 in this area

    53 Total Sales

    Alyson Kendall
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2021242

Bright MLS

APN: 10-750687

Maryland Worcester County Ocean City 21842

107 Somerset St Unit 203, Ocean City, MD

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes