NOT LISTED FOR SALE

113 79th St Unit 4 Ocean City, MD 21842

Estimated Value: $405,313 - $443,000

2 Beds
2 Baths
900 Sq Ft
$250/mo HOA Fee

Last Sold March 07, 2018

Last sale price $252,900 $281 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,907/month

17 Days on Market

Highlights

  • Primary bedroom faces the bay
  • Bay View
  • Deck
  • Ocean City Elementary School Rated A
  • Waterfront
  • Furnished

About This Home

As of March 2018

WOW! What fantastic views! Enjoy fabulous sunsets sitting on your deck off the LR facing southwest. Don't wait till spring to see this one. The unit below, with a more restricted view, recently sold in two weeks! All of the following are only two years old: Sofa, table/chairs, carpet in bedrooms, high end and stain resistant, freshly painted throughout, new hardware on doors and cabinets and bunk bed. Outdoor carpets on decks only 4 months old. Never rented. Several original owners in this 12-unit building. Currently only one unit is used as a rental. Very close proximity to many popular OC restaurants.Enjoy this mid-town location which is close to the beach and shopping.

Last Agent to Sell the Property

Robert Nelis

RE/MAX Advantage Realty Listed on: 01/19/2018

Last Buyer's Agent

Sharon Daugherty

Keller Williams Realty Delmarva License #SL3435144

Keller Williams Realty Delmarva

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,747

Year Built

  • Built in 1996

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Block Foundation
  • Frame Construction
  • Wood Roof
  • Stick Built Home

Interior Spaces

  • 900 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Bay Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom faces the bay
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Parking

  • Handicap Parking
  • Assigned Parking

Outdoor Features

  • Water Access
  • Property near a bay
  • Bulkhead
  • Balcony
  • Deck

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Municipal Trash

Additional Features

  • Waterfront
  • Flood Risk

Community Details

  • 12 Units
  • Ritz Condo Assoc. HOA
  • Low-Rise Condominium
  • Ritz Community

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 359422

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,747

Year Built

Built in 1996

Lot Details

0

HOA Fees

$250 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
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1996
  • Remarks Public: WOW! What fantastic views! Enjoy fabulous sunsets sitting on your deck off the LR facing southwest. Don't wait till spring to see this one. The unit below, with a more restricted view, recently sold in two weeks! All of the following are only two years old: Sofa, table/chairs, carpet in bedrooms, high end and stain resistant, freshly painted throughout, new hardware on doors and cabinets and bunk bed. Outdoor carpets on decks only 4 months old. Never rented. Several original owners in this 12-unit building. Currently only one unit is used as a rental. Very close proximity to many popular OC restaurants.Enjoy this mid-town location which is close to the beach and shopping.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer/Dryer Stacked
  • Entry Floor: 2
  • Interior Amenities: Primary Bedroom - Bay Front, Ceiling Fan(s), Window Treatments
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1, Laundry
  • Living Area Units: Square Feet
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 276.56
  • Above Grade Finished Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 113

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Concrete, Stick Built
  • Construction Completed: No
  • Roof: Wood
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Type: Bay
  • Water Frontage Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned, Handicap Parking

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 470.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3000.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Name: RITZ CONDO ASSOC.
  • HOA: No

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: Bulkheaded
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: R2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5426940
  • Assessor Parcel Number: 359422
  • Tax Lot: 4
  • County Tax Payment Frequency: Annually
  • Close Date: 03/07/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2018
Closed on
Mar 7, 2018
Sold by
Lauer Christopher and Lauer Nicole
Bought by
Ricks Michele L and Ricks John W
Seller's Agent
Robert Nelis
RE/MAX Advantage Realty
Buyer's Agent
Sharon Daugherty
Keller Williams Realty Delmarva
List Price
$248,900
Sold Price
$252,900
Premium/Discount to List
$4,000
1.61%
Current Estimated Value
$430,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,428
Avg. Annual Appreciation
7.47%

Purchase Details

Closed on
Aug 21, 2015
Sold by
Goslee Howard I and Goslee Reba E
Bought by
Lauer Christopher and Lauer Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 1996
Sold by
Oc 79Th St Limited
Bought by
Goslee Howard I and Goslee Reba E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ricks Michele L $252,900 Resort Land Title & Escrow
Lauer Christopher $210,000 None Available
Goslee Howard I $111,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ricks Michele L $226,600
Previous Owner Lauer Christopher $189,000
Closed Ricks Michele L $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2018 03/07/18 Sold $252,900 +1.6% $281 / Sq Ft
02/06/2018 02/06/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $248,900 0.0% $277 / Sq Ft
01/26/2018 01/26/18 Pending -- -- --
01/19/2018 01/19/18 For Sale $248,900 -- $277 / 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 $3,747 $321,000 $0 $0
2024 $3,747 $268,500 $0 $0
2023 $3,036 $216,000 $108,000 $108,000
2022 $3,036 $216,000 $108,000 $108,000
2021 $3,052 $216,000 $108,000 $108,000
2020 $3,052 $216,000 $108,000 $108,000
2019 $2,970 $208,800 $0 $0
2018 $2,839 $201,600 $0 $0
2017 $2,760 $194,400 $0 $0
2016 -- $194,400 $0 $0
2015 $3,121 $194,400 $0 $0
2014 $3,121 $207,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000519586

Bright MLS

APN: 10-359422