$155,000
SOLD SEP 15, 2021

11 62nd St Unit 315 Ocean City, MD 21842

-- Bed
1 Bath
274 Sq Ft
$155/mo HOA Fee

Recently Sold

$566 Per Sq Ft

3% Above List Price

3 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • Community Pool
  • Ocean City Elementary School Rated A
  • Furnished
  • Wall Furnace

About This Home

As of September 2021

Cute and convenient, studio condo available in midtown Ocean City. Located on the ocean block of 62nd Street, right across from the Route 90 bridge, and only steps to the beach! This is a third floor end unit overlooking the pool, while also offering views of the bay and Route 90 bridge. Unit has a full kitchen, new LTV floors, private balcony, and full bathroom with tub/shower combo. Well managed masonry building with low condo fees! Amazing rental history grossing $25,000 per year. Settlement not to take place until mid September. **BEST AND FINAL OFFERS DUE MONDAY, JULY 26 BY 8PM**

Last Agent to Sell the Property

Elaine Evans

Fathom Realty MD, LLC Listed on: 07/24/2021

Fathom Realty MD, LLC

Co-Listed By

Paul Garner

EXP Realty, LLC

Last Buyer's Agent

Elaine Evans

Fathom Realty MD, LLC Listed on: 07/24/2021

Fathom Realty MD, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,207

Year Built

  • Built in 1976

HOA Fees

  • $155 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • 274 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Electric Oven or Range
  • Laundry on main level

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Electric Water Heater

Additional Features

  • Home fronts navigable water
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 315
  • Assessor Parcel Number 10-218195

Community Details

Overview

  • Association fees include cable TV, exterior building maintenance, laundry, pool(s), management
  • Low-Rise Condominium
  • Marshall Inn Condos
  • Marshall Inn Community
  • Property Manager

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,207

Year Built

Built in 1976

Lot Details

0

HOA Fees

$155 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
  • Historic: No
  • Inclusions: Furnished as shown
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-07-24
  • Federal Flood Zone: Yes
  • Year Built: 1976
  • Automatically Close On Close Date: Yes
  • Remarks Public: Cute and convenient, studio condo available in midtown Ocean City. Located on the ocean block of 62nd Street, right across from the Route 90 bridge, and only steps to the beach! This is a third floor end unit overlooking the pool, while also offering views of the bay and Route 90 bridge. Unit has a full kitchen, new LTV floors, private balcony, and full bathroom with tub/shower combo. Well managed masonry building with low condo fees! Amazing rental history grossing $25,000 per year. Settlement not to take place until mid September. **BEST AND FINAL OFFERS DUE MONDAY, JULY 26 BY 8PM**
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator
  • Entry Floor: 3
  • Levels Count: 1
  • Room Count: 2
  • Basement: No
  • Laundry Type: Common, Shared, Main Floor
  • Total Sq Ft: 274
  • Living Area Sq Ft: 274
  • Price Per Sq Ft: 547.08
  • Above Grade Finished Sq Ft: 274
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Wall Unit
  • 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: 465.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Marshall Inn
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Laundry Facilities
  • HOA Condo Co-Op Fee Includes: Cable Tv, Ext Bldg Maint, Laundry, Pool(s), Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Total Actual Rent: 25000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 1207.00
  • Assessor Parcel Number: 10-218195
  • Tax Lot: 315
  • Tax Total Finished Sq Ft: 274
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 09/15/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2021
Closed on
Sep 15, 2021
Sold by
Blackwater Rentals Llc
Bought by
Big Sally Investments Llc
Seller's Agent
Elaine Evans
Fathom Realty MD, LLC
Buyer's Agent
Elaine Evans
Fathom Realty MD, LLC
List Price
$149,900
Sold Price
$155,000
Premium/Discount to List
$5,100
3.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$124,000
Outstanding Balance
$113,810
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$74,044

Purchase Details

Listed on
Sep 15, 2019
Closed on
Oct 18, 2019
Sold by
Robusto Stephen M
Bought by
Blackwater Rentals Llc
Seller's Agent
William Bjorkland
Coldwell Banker Realty
Buyer's Agent
Elaine Evans
Fathom Realty MD, LLC
List Price
$115,000
Sold Price
$102,500
Premium/Discount to List
-$12,500
-10.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.18%

Purchase Details

Closed on
Jul 21, 2017
Sold by
Randazzo Anthony F and Randazzo Laura L
Bought by
Robusto Stephen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 1, 2011
Sold by
Leitch Sharon M
Bought by
Nuckolls John C

Purchase Details

Closed on
Jun 1, 2005
Sold by
Keller Frederick W and Keller Therese A.
Bought by
Leitch Sharon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 1999
Sold by
Stran Donald S
Bought by
Keller Frederick W and Keller Therese A
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 Type Sale Price Title Company
Deed $155,000 Rextar Title Services Llc
Deed $102,500 Definitive Title Llc
Deed $90,000 None Available
Deed $85,000 Brennan Title Company
Deed $145,000 --
Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $124,000 Commercial
Previous Owner $81,000 Purchase Money Mortgage
Previous Owner $16,000 Future Advance Clause Open End Mortgage
Previous Owner $108,750 New Conventional
Closed -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $178,000 -0.6% $650 / Sq Ft
05/23/2025 05/23/25 For Sale $179,000 +15.5% $653 / Sq Ft
09/15/2021 09/15/21 Sold $155,000 +3.4% $566 / Sq Ft
07/24/2021 07/24/21 For Sale $149,900 +46.2% $547 / Sq Ft
10/18/2019 10/18/19 Sold $102,500 -10.9% $374 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
09/15/2019 09/15/19 For Sale $115,000 -- $420 / 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
2024 $1,291 $92,533 $0 $0
2023 $1,200 $85,400 $42,700 $42,700
2022 $1,200 $85,400 $42,700 $42,700
2021 $1,207 $85,400 $42,700 $42,700
2020 $1,207 $85,400 $42,700 $42,700
2019 $1,148 $80,667 $0 $0
2018 $1,069 $75,933 $0 $0
2017 $1,011 $71,200 $0 $0
2016 -- $71,200 $0 $0
2015 $1,351 $71,200 $0 $0
2014 $1,351 $76,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2000708

Bright MLS

APN: 10-218195