NOT LISTED FOR SALE

The Quay 10700 Coastal Hwy Unit 2205 Ocean City, MD 21842

Estimated Value: $491,201 - $539,000

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

Last Sold January 10, 2018

Last sale price $270,000 $239 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,528/month

Highlights

  • Water Views
  • Indoor Pool
  • Balcony
  • Ocean City Elementary School Rated A
  • Deck
  • Security Service

About This Home

As of January 2018

Great Ocean Views from your private Balcony, Indoor and Outdoor Pools, Tennis, Exercise Room, In House Management and 24 Hour Security. HVAC & Refrigerator replaced July 2017.

Last Agent to Sell the Property

Jack Walter

(410) 524-1700 jack.walter@longandfoster.com Long & Foster Real Estate, Inc. Listed on: 10/06/2017

Long & Foster Real Estate, Inc.

Co-Listed By

Joan Walter

(443) 497-1902 joan.walter2@longandfoster.com Long & Foster Real Estate, Inc.

Last Buyer's Agent

Matthew Bogdan

(443) 235-3272 oceancityhappyme@aol.com Century 21 New Horizon

Century 21 New Horizon

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,034

Year Built

  • Built in 1977

Lot Details

  • Cleared Lot

HOA Fees

  • $406 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Stick Built Home
  • Dryvit Stucco
  • Masonry

Interior Spaces

  • 1,131 Sq Ft Home
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Garage Space
  • Off-Street Parking

Pool

  • Indoor Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 2205
  • Assessor Parcel Number 120950

Community Details

Overview

  • 186 Units
  • 3 Elevators
  • High-Rise Condominium
  • Quay Community

Recreation

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,034

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
  • Federal Flood Insurance: Unknown
  • Historic: No
  • New Construction: No
  • Year Built: 1977
  • Remarks Public: Great Ocean Views from your private Balcony, Indoor and Outdoor Pools, Tennis, Exercise Room, In House Management and 24 Hour Security. HVAC & Refrigerator replaced July 2017.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Elevators Count: 3
  • Foundation Details: Pillar/Post/Pier
  • Living Area Units: Square Feet
  • Total Sq Ft: 1131
  • Living Area Sq Ft: 1131
  • Price Per Sq Ft: 243.15
  • Above Grade Finished Sq Ft: 1131
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10700

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Dryvit, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower, Tennis Court(s)
  • Pool Features: Indoor
  • Roof: Built-Up
  • View: Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Off Street
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • 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: 4875.60
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Indoor, Pool - Outdoor, Tennis Courts, Security
  • HOA: No
  • Community Pool Features: Indoor

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
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5407126
  • Assessor Parcel Number: 120950
  • Tax Lot: 2205
  • County Tax Payment Frequency: Annually
  • Close Date: 01/10/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2017
Closed on
Jan 4, 2018
Sold by
Han William and Han Eunjoo
Bought by
Bays Kelly
Seller's Agent
Jack Walter
Long & Foster Real Estate, Inc.
Buyer's Agent
Matthew Bogdan
Century 21 New Horizon
List Price
$275,000
Sold Price
$270,000
Premium/Discount to List
-$5,000
-1.82%
Current Estimated Value
$515,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,300
Avg. Annual Appreciation
8.64%

Purchase Details

Closed on
Jan 17, 2008
Sold by
Maria Rafailides
Bought by
William Han and Han Eunjoo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2008
Sold by
Maria Rafailides
Bought by
William Han and Han Eunjoo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 1987
Sold by
Bailey Charles E and Bailey Paulette M
Bought by
Rafailides Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
10.97%

Purchase Details

Closed on
Oct 10, 1984
Sold by
Green Calvin G
Bought by
Bailey Charles E and Bailey Paulette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
14.18%
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
Bays Kelly $270,000 None Available
William Han $370,000 --
William Han $370,000 --
Rafailides Maria $100,000 --
Bailey Charles E $97,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner William Han $296,000
Previous Owner William Han $296,000
Previous Owner Rafailides Maria $88,000
Previous Owner Bailey Charles E $87,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2018 01/10/18 Sold $270,000 -1.8% $239 / Sq Ft
12/01/2017 12/01/17 Pending -- -- --
10/06/2017 10/06/17 For Sale $275,000 -- $243 / 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 $3,259 $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

  • J

    Seller's Agent in 2018

    Jack Walter

    Long & Foster

    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Joan Walter

    Long & Foster

    (443) 497-1902

    30 in this area

    31 Total Sales

    Joan Walter
    Section Image

  • M

    Buyer's Agent in 2018

    Matthew Bogdan

    Century 21 New Horizon

    (443) 235-3272

    16 in this area

    20 Total Sales

    Matthew Bogdan
    Section Image
See All Agents

About The Quay

Map

Source: Bright MLS

MLS Number: 1000518812

Bright MLS

APN: 10-120950

Maryland Worcester County Ocean City 21842

10700 Coastal Hwy Unit 2205, Ocean City, MD

This home is located at 10700 Coastal Hwy Unit 2205, Ocean City, MD 21842 since 06 October 2017 and is currently estimated at $515,300, approximately $455 per square foot. This property was built in 1977. 10700 Coastal Hwy Unit 2205 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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