NOT LISTED FOR SALE

111 Ericsson Ave Unit 3 Betterton, MD 21610

Estimated Value: $197,000 - $212,000

2 Beds
1 Bath
1,029 Sq Ft
$145/mo HOA Fee

Last Sold August 22, 2014

Last sale price $65,000 $63 Per Sq Ft

Est. 214% increase in value since last sale

Current estimated payment $1,397/month

430 Days on Market

Highlights

  • Home fronts navigable water
  • Sandy Beach
  • Central Air
  • Water Access
  • Stream or River on Lot
  • 5-minute walk to Betterton Beach Park

About This Home

As of August 2014

Unbelievable price! Very nice condominium in the riverside town of Betterton. Move right in and start enjoying the home and deck. Beautiful view of the Sassafras River & Bay from the town pavilion. Walk to the beach, community center, playground, an Italian restaurant. Great new home or fantastic investment. Condo fee includes ins & all outside maintenance. Prkg included. Up to $6K settlement help

Last Agent to Sell the Property

Patricia Kern

(443) 480-0299 cdkplk@gmail.com Gunther-McClary Real Estate License #581512 Listed on: 05/21/2013

Co-Listed By

John Burke

(443) 206-3727 jburke57@gmail.com Gunther-McClary Real Estate

Last Buyer's Agent

Steve Parker

(443) 309-1042 Steve@LCParkerrealestate.com L. C. Parker Real Estate License #22156

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,599

Year Built

  • Built in 2008

Lot Details

  • Home fronts navigable water
  • Sandy Beach
  • Property is in very good condition

HOA Fees

  • $145 Monthly HOA Fees

Parking

  • Unassigned Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,029 Sq Ft Home
  • Property has 2 Levels
  • Family Room
  • Dining Area

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Water Access
  • River Nearby
  • Stream or River on Lot
  • 6 Powered Boats Permitted

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • 111 Condominium Community

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 1503031012

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,599

Year Built

Built in 2008

Lot Details

0

HOA Fees

$145 per month

Listing Details

  • Property Type: Residential
  • Ownership: Condominium
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Dining Area
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 2
  • Room List: Family Room
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1029
  • Living Area Sq Ft: 1029
  • Price Per Sq Ft: 67.06
  • Above Grade Finished Sq Ft: 1029
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1.00

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Water Access: Yes
  • Water Body Name: SASSAFRAS
  • Water Body Type: River
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • 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: No
  • Condo Co-Op Fee: 145.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA: No

Lot Info

  • Improvement Assessed Value: 75000.00
  • Land Assessed Value: 35000.00
  • Property Condition: Very Good
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1599.40
  • Assessor Parcel Number: 1503031012
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012

Multi Family

  • Dock Slip Conveyance: None Available
  • Waterfront Features: Sandy Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2013
Closed on
Aug 22, 2014
Sold by
Ericsson Developers Llc
Bought by
Herman Dia Wallace
Seller's Agent
Patricia Kern
Gunther-McClary Real Estate
Buyer's Agent
Steve Parker
L. C. Parker Real Estate
List Price
$85,000
Sold Price
$65,000
Premium/Discount to List
-$20,000
-23.53%
Current Estimated Value
$203,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,829
Avg. Annual Appreciation
10.57%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Herman Dia Wallace $65,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2014 08/22/14 Sold $65,000 -5.8% $63 / Sq Ft
07/25/2014 07/25/14 Pending -- -- --
05/16/2014 05/16/14 Price Changed $69,000 -8.0% $67 / Sq Ft
10/08/2013 10/08/13 Price Changed $75,000 -11.8% $73 / Sq Ft
05/21/2013 05/21/13 For Sale $85,000 -- $83 / 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 $2,251 $155,000 $50,000 $105,000
2024 $2,033 $140,000 $0 $0
2023 $1,586 $125,000 $0 $0
2022 $1,586 $110,000 $35,000 $75,000
2021 $1,588 $110,000 $35,000 $75,000
2020 $1,597 $110,000 $35,000 $75,000
2019 $1,597 $110,000 $35,000 $75,000
2018 $1,555 $110,000 $35,000 $75,000
2017 $1,599 $110,000 $0 $0
2016 -- $110,000 $0 $0
2015 -- $110,000 $0 $0
2014 $1,599 $110,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003527872

Bright MLS

APN: 03-031012