NOT LISTED FOR SALE

The Quay 10700 Coastal Hwy Unit 1007 Ocean City, MD 21842

Estimated Value: $714,000 - $763,000

3 Beds
2 Baths
1,512 Sq Ft
$546/mo HOA Fee

Last Sold November 10, 2020

Last sale price $485,000 $321 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,970/month

Highlights

  • Ocean Front
  • Primary bedroom faces the ocean
  • Sandy Beach
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • Fitness Center

About This Home

As of November 2020

Spectacular Ocean Front 3 bedroom , 2 bath high rise unit with balcony on 10th floor in Pristine building "The Quay" . Premier building features indoor and outdoor pools, exercise room, 2nd floor with stores and Management office and rental office. This is strictly a Rental with LNF and has been since 2012. Owner has taken pride of ownership by keeping all of the appliances and HVAC and furniture recently updated. 24 hour Security building and elevators right off lobby make it convenient to get to the beach. Check out this lovely condo on Saturdays between 12 and 2 until the Labor Day.

Last Agent to Sell the Property

Linda Moran

(443) 614-2261 linda.moran@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #52961 Listed on: 07/23/2020

Berkshire Hathaway HomeServices PenFed Realty-WOC

Last Buyer's Agent

Thomas Ruch

tom.ruch@lnf.com Long & Foster Real Estate, Inc. License #657473

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,639

Year Built

  • Built in 1977

Lot Details

  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Public Beach
  • West Facing Home
  • Property is in excellent condition

HOA Fees

  • $546 Monthly HOA Fees

Parking

  • Assigned Parking Garage Space
  • Parking Lot
  • Parking Permit Included

Home Design

  • Coastal Architecture
  • Entry on the 10th floor
  • Flat Roof Shape

Interior Spaces

  • 1,512 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Sliding Windows
  • Combination Kitchen and Dining Room
  • Laminate Flooring

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary bedroom faces the ocean
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Electric Dryer
  • Washer

Home Security

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property is near an ocean

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Berlin Intermediate School
  • Stephen Decatur High School

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 1007
  • Assessor Parcel Number 10-119898

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, pool(s), trash, sauna
  • High-Rise Condominium
  • The Quay Condos, Phone Number (410) 723-1550
  • Quay Community
  • Property Manager

Amenities

  • Elevator

Recreation

  • Community Basketball Court
  • Community Playground

Pet Policy

  • Limit on the number of pets

Security

  • 24-Hour Security
  • Resident Manager or Management On Site
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,639

Year Built

Built in 1977

Lot Details

0

HOA Fees

$546 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Coastal
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: All furnishing as shown
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1977
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Spectacular Ocean Front 3 bedroom , 2 bath high rise unit with balcony on 10th floor in Pristine building "The Quay" . Premier building features indoor and outdoor pools, exercise room, 2nd floor with stores and Management office and rental office. This is strictly a Rental with LNF and has been since 2012. Owner has taken pride of ownership by keeping all of the appliances and HVAC and furniture recently updated. 24 hour Security building and elevators right off lobby make it convenient to get to the beach. Check out this lovely condo on Saturdays between 12 and 2 until the Labor Day.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Entry Floor: 10
  • Flooring Type: Laminated
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Kitchen - Island, Primary Bath(s), Primary Bedroom - Ocean Front, Walk-In Closet(s), Window Treatments
  • Window Features: Sliding
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1512
  • Living Area Sq Ft: 1512
  • Price Per Sq Ft: 330.62
  • Above Grade Finished Sq Ft: 1512
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10700

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: Concrete
  • Roof: Flat
  • Spa: No
  • Water Access Features: Public Beach
  • Water Access: Yes
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Main Entrance Lock, Resident Manager, Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6557.28
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: The Quay
  • Condo Co-Op Phone: 4107231550
  • HOA Condo Co-Op Amenities: Basketball Courts, Elevator, Exercise Room, Pool - Indoor, Pool - Outdoor, Security, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Pool(s), Trash, Sauna
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground, Heated, Indoor

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: BERLIN INTERMEDIATE SCHOOL
  • 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: BERLIN INTERMEDIATE SCHOOL

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: R-3
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Total Actual Rent: 31000.00
  • Vacation Rental: Yes
  • Property Manager: Yes
  • Rent Spree Online Application: No

Tax Info

  • Assessor Parcel Number: 5407030
  • Tax Annual Amount: 5639.00
  • Assessor Parcel Number: 10-119898
  • Tax Lot: 1007
  • Tax Total Finished Sq Ft: 1512
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 11/10/2020

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2020
Closed on
Nov 10, 2020
Sold by
Ayersman James E and Ayersman Dawn
Bought by
Richey Ian C and Richey Sang Yon
Seller's Agent
Linda Moran
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Thomas Ruch
Long & Foster Real Estate, Inc.
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%
Current Estimated Value
$729,677

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,677
Avg. Annual Appreciation
8.58%
Original Mortgage
$502,460
Outstanding Balance
$447,118
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$282,559

Purchase Details

Closed on
Aug 8, 2013
Sold by
Ayersman James E and Ayersman Dawn
Bought by
State Of Maryland

Purchase Details

Closed on
Oct 17, 2011
Sold by
Merion Realty Inc
Bought by
Ayersman James E

Purchase Details

Closed on
Sep 30, 2011
Sold by
Merion Realty Inc
Bought by
Ayersman James E and Ayersman Dawn

Purchase Details

Closed on
Sep 26, 2011
Sold by
Iacovoni Paul F and Iacovoni Michelle
Bought by
Merion Realty Inc

Purchase Details

Closed on
Jun 2, 2008
Sold by
Tarney William L and Tarney Carolyn N
Bought by
Iacovoni Paul F and Iacovoni Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 23, 2008
Sold by
Tarney William L and Tarney Carolyn N
Bought by
Iacovoni Paul F and Iacovoni Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2001
Sold by
Lawrence Judith M
Bought by
Tarney William L and Tarney Carolyn N

Purchase Details

Closed on
Jul 3, 2000
Sold by
Lawrence Jerome G and Lawrence Judith M
Bought by
Lawrence Judith M
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
Richey Ian C $485,000 Dba Real Estate Title & Escr
State Of Maryland -- None Available
Ayersman James E $410,250 --
Merion Realty Inc $320,000 --
Ayersman James E $410,250 Capitol Title Ins Agency Inc
Ayersman James E $410,250 --
Merion Realty Inc $320,000 --
Merion Realty Inc $320,000 Capitol Title Ins Agency Inc
Iacovoni Paul F $575,000 --
Iacovoni Paul F $575,000 --
Tarney William L $296,000 --
Lawrence Judith M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richey Ian C $502,460
Previous Owner Iacovoni Paul F $315,000
Previous Owner Iacovoni Paul F $315,000
Closed Tarney William L --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2020 11/10/20 Sold $485,000 -3.0% $321 / Sq Ft
10/30/2020 10/30/20 Price Changed $499,900 0.0% $331 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $499,900 +3.1% $331 / Sq Ft
07/23/2020 07/23/20 Off Market $485,000 -- --
07/23/2020 07/23/20 For Sale $499,900 -- $331 / 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 $7,171 $525,133 $0 $0
2024 $6,322 $453,067 $0 $0
2023 $5,354 $381,000 $266,700 $114,300
2022 $5,354 $381,000 $266,700 $114,300
2021 $5,384 $381,000 $266,700 $114,300
2020 $5,663 $399,100 $279,300 $119,800
2019 $5,663 $398,100 $0 $0
2018 $5,593 $397,100 $0 $0
2017 $5,502 $396,100 $0 $0
2016 -- $387,533 $0 $0
2015 $6,260 $378,967 $0 $0
2014 $6,260 $370,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Moran

    Seller's Agent in 2020

    Linda Moran

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 614-2261

    30 in this area

    68 Total Sales

    Linda Moran
    Section Image

  • T

    Buyer's Agent in 2020

    Thomas Ruch

    Long & Foster

See All Agents

About The Quay

Map

Source: Bright MLS

MLS Number: MDWO115352

Bright MLS

APN: 10-119898

Maryland Worcester County Ocean City 21842

10700 Coastal Hwy Unit 1007, Ocean City, MD

This home is located at 10700 Coastal Hwy Unit 1007, Ocean City, MD 21842 since 23 July 2020 and is currently estimated at $729,677, approximately $482 per square foot. This property was built in 1977. 10700 Coastal Hwy Unit 1007 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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