NOT LISTED FOR SALE

The Quay 10700 Coastal Hwy Unit 2004 Ocean City, MD 21842

Estimated Value: $489,614 - $848,000

2 Beds
2 Baths
1,131 Sq Ft
$406/mo HOA Fee

Last Sold May 17, 2019

Last sale price $275,000 $243 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $3,941/month

Highlights

  • Ocean View
  • Beach
  • 24-Hour Security
  • Ocean City Elementary School Rated A
  • Fitness Center
  • Water Oriented

About This Home

As of May 2019

Wait until you sea the best panoramic views of Ocean City from this 20th floor south facing unit that showcases the ocean and the bay, you can even see route 90! This well maintained 2-bedroom, 2 bath with modern coastal decor in an amenity filled building is a must see! Upgrades are everywhere in this unit: tile floors throughout, tile bathrooms, updated kitchen, brand new HVAC unit, unit sold fully furnished just bring your swimsuits and flip flops!! Building features heated indoor and outdoor pools, tennis/pickle ball court, arcade with pool tables, exercise room, men and women's locker rooms featuring saunas, 24-hour security, in house condo management, table tennis room, community room, convenience store and eatery, WiFi and premium Cable in unit all included in the affordable condo fee! Call Compass Resort Real Estate for your private showing!!!

Last Agent to Sell the Property

Patrick Sommer

(302) 387-4227 patrickwsommer@gmail.com McWilliams/Ballard, Inc. License #634531 Listed on: 03/06/2019

Last Buyer's Agent

Melanie Shoff

(443) 373-8399 melsellsthebeaches@gmail.com Coastal Life Realty Group LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,291

Year Built

  • Built in 1977

Lot Details

  • Sprinkler System
  • Property is in very good condition

HOA Fees

  • $406 Monthly HOA Fees

Property Views

  • Panoramic

Interior Spaces

  • 1,131 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Recessed Lighting
  • Insulated Windows
  • Surveillance System

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Parking

  • Lighted Parking
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Water Oriented
  • Property is near an ocean
  • Balcony

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Stephen Decatur High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2770A
  • Assessor Parcel Number 10-119960

Community Details

Overview

  • Association fees include cable TV, common area maintenance, exterior building maintenance, health club, high speed internet, insurance, management, pool(s), sauna, security gate, water
  • High-Rise Condominium
  • Quay Condos
  • Quay Community
  • Non Development Subdivision
  • Property Manager

Amenities

  • Common Area
  • Game Room
  • Billiard Room
  • Community Center
  • Meeting Room
  • Party Room
  • Elevator
  • Convenience Store

Recreation

  • Beach

Security

  • 24-Hour Security
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,291

Year Built

Built in 1977

Lot Details

0

HOA Fees

$406 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: Closets' Contents, Personal Items
  • Home Warranty: No
  • Inclusions: As Shown
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1977
  • Remarks Public: Wait until you sea the best panoramic views of Ocean City from this 20th floor south facing unit that showcases the ocean and the bay, you can even see route 90! This well maintained 2-bedroom, 2 bath with modern coastal decor in an amenity filled building is a must see! Upgrades are everywhere in this unit: tile floors throughout, tile bathrooms, updated kitchen, brand new HVAC unit, unit sold fully furnished just bring your swimsuits and flip flops!! Building features heated indoor and outdoor pools, tennis/pickle ball court, arcade with pool tables, exercise room, men and women's locker rooms featuring saunas, 24-hour security, in house condo management, table tennis room, community room, convenience store and eatery, WiFi and premium Cable in unit all included in the affordable condo fee! Call Compass Resort Real Estate for your private showing!!!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Interior Amenities: Floor Plan - Open, Primary Bath(s), Recessed Lighting, Sprinkler System
  • Window Features: Insulated
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit, Has Laundry
  • Total Sq Ft: 1131
  • Living Area Sq Ft: 1131
  • Price Per Sq Ft: 251.90
  • Above Grade Finished Sq Ft: 1131
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10700

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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
  • Exterior Features: Tennis Court(s)
  • Spa: No
  • View: Panoramic, Ocean, Bay, City
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: General Common Elements, Lighted Parking
  • Type Of Parking: Parking Lot, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Sprinkler System - Indoor, Surveillance Sys, 24 Hour Security
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4875.60
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Quay
  • HOA Condo Co-Op Amenities: Beach, Billiard Room, Cable, Common Grounds, Community Center, Convenience Store, Elevator, Exercise Room, Fitness Center, Game Room, Meeting Room, Party Room, Pool - Indoor, Pool - Outdoor, Sauna, Security, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Ext Bldg Maint, Health Club, High Speed Internet, Insurance, Management, Pool(s), Sauna, Security Gate, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Indoor, In Ground, Heated, Fenced

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5407036
  • Tax Annual Amount: 3291.00
  • Assessor Parcel Number: 10-119960
  • Tax Lot: 2770A
  • Tax Total Finished Sq Ft: 1131
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 05/17/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2019
Closed on
May 17, 2019
Sold by
Beckham Julie Anna
Bought by
Barretta Thomas John
Seller's Agent
Patrick Sommer
McWilliams/Ballard, Inc.
Buyer's Agent
Melanie Shoff
Coastal Life Realty Group LLC
List Price
$384,900
Sold Price
$275,000
Premium/Discount to List
-$109,900
-28.55%
Current Estimated Value
$593,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,904
Avg. Annual Appreciation
12.68%
Original Mortgage
$160,000
Outstanding Balance
$140,387
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$453,517

Purchase Details

Closed on
Dec 21, 2012
Sold by
Deutche Bank Trust Company Americas
Bought by
Beckham Julie Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,675
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2012
Sold by
Miles Gerard F
Bought by
Deutsche Bank Trust Company Americas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,675
Interest Rate
3.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2011
Sold by
Yoceancity Alpha Llc
Bought by
Tanious Naiem and Tanious Yvette A

Purchase Details

Closed on
Mar 31, 2011
Sold by
Yoceancity Alpha Llc
Bought by
Tanious Naiem and Tanious Yvette A

Purchase Details

Closed on
Oct 22, 2008
Sold by
Tanious Naiem S and Tanious Yvette A
Bought by
Yoceancity Alpha Llc

Purchase Details

Closed on
Sep 26, 2008
Sold by
Tanious Naiem S and Tanious Yvette A
Bought by
Yoceancity Alpha Llc

Purchase Details

Closed on
Feb 14, 2006
Sold by
Paul Gootzeit
Bought by
Tanious Naiem S and Tanious Yvette A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2006
Sold by
Paul Gootzeit
Bought by
Tanious Naiem S and Tanious Yvette A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2004
Sold by
Atsaides James P
Bought by
Gootzeit Paul and Gootzeit Marlene Benjamin

Purchase Details

Closed on
Feb 27, 2001
Sold by
Chairnoff Hugh and Chairnoff Hedda
Bought by
Atsaides James P
Source: Public Records

Range of Values:

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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
Barretta Thomas John $275,000 None Available
Beckham Julie Anna $204,900 None Available
Deutsche Bank Trust Company Americas $354,857 None Available
Tanious Naiem -- --
Tanious Naiem -- --
Yoceancity Alpha Llc -- --
Yoceancity Alpha Llc -- --
Tanious Naiem S $440,000 --
Tanious Naiem S $440,000 --
Gootzeit Paul $330,000 --
Atsaides James P $158,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barretta Thomas John $160,000
Previous Owner Beckham Julie Anna $153,675
Previous Owner Tanious Naiem S $352,000
Previous Owner Tanious Naiem S $352,000
Closed Atsaides James P --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2019 05/17/19 Sold $275,000 -28.6% $243 / Sq Ft
04/02/2019 04/02/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $384,900 -- $340 / 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 $5,034 $368,633 $0 $0
2024 $4,292 $307,567 $0 $0
2023 $3,464 $246,500 $172,500 $74,000
2022 $3,406 $242,367 $0 $0
2021 $3,366 $238,233 $0 $0
2020 $3,308 $234,100 $163,800 $70,300
2019 $3,314 $232,967 $0 $0
2018 $3,265 $231,833 $0 $0
2017 $3,275 $230,700 $0 $0
2016 -- $230,700 $0 $0
2015 $3,868 $230,700 $0 $0
2014 $3,868 $243,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Sommer

    Seller's Agent in 2019

    Patrick Sommer

    McWilliams/Ballard, Inc.

    (302) 387-4227

    6 in this area

    21 Total Sales

    Patrick Sommer
    Section Image
  • Melanie Shoff

    Buyer's Agent in 2019

    Melanie Shoff

    Coastal Life Realty Group LLC

    (443) 373-8399

    126 in this area

    231 Total Sales

    Melanie Shoff
    Section Image
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About The Quay

Map

Source: Bright MLS

MLS Number: MDWO104108

Bright MLS

APN: 10-119960

Maryland Worcester County Ocean City 21842

10700 Coastal Hwy Unit 2004, Ocean City, MD

This home is located at 10700 Coastal Hwy Unit 2004, Ocean City, MD 21842 since 06 March 2019 and is currently estimated at $593,904, approximately $525 per square foot. This property was built in 1977. 10700 Coastal Hwy Unit 2004 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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