NOT LISTED FOR SALE

119 72nd St Unit 1801 Ocean City, MD 21842

Estimated Value: $355,113 - $377,000

2 Beds
2 Baths
875 Sq Ft
$438/ mo HOA Fee

Last Sold May 27, 2021

Last sale price $261,000 $298 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,609/month

4 Days on Market

Highlights

  • Access to Tidal Water
  • Waterfront
  • Furnished
  • Ocean City Elementary School Rated A
  • 1 Fireplace
  • Community Pool

About This Home

As of May 2021

Beautiful 2 Bedroom / 2 Full Bath condo in the bayfront Lucayan building on 72nd St. Just 4 blocks to the beach, this Condo has been given a Fresh look and some nice updates - ready to be yours for the 2021 Summer Season! Take the Elevator up from one of your 2 Assigned Parking Spaces and enter this bright and airy waterfront getaway. Enjoy sunset views overlooking the Pool and Open Bay from the spacious deck of this third floor unit. With a strong Rental History, averaging around $20k in Gross Rental Income, this could be your perfect blend of personal beach home and investment opportunity! Recent improvements include: Fresh Paint and Caulk throughout, newly added Recessed Lighting in kitchen/entry, new Kitchen Faucet, new Garbage Disposal, New Smoke/Co2 Alarms, Refinished Fireplace, new Bedding and new Decorations. Take a look at the Virtual Tour here: https://my.matterport.com/show/?m=hRVNmNzJgtN&mls=1

Last Agent to Sell the Property

Lauren Hudson

(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #RS-0024702 Listed on: 04/08/2021

Keller Williams Realty Delmarva

Last Buyer's Agent

Jen Hawk

(302) 227-6101 jennifer.hawk@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty License #37057

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,101

Year Built

  • Built in 1986

Lot Details

  • Waterfront
  • Property is in very good condition

HOA Fees

  • $438 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Flat Roof Shape
  • Vinyl Siding

Interior Spaces

  • 875 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • 1 Fireplace

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Access to Tidal Water
  • Water Oriented
  • Property near a bay

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 18
  • Assessor Parcel Number 10-297230

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, pool(s)
  • Low-Rise Condominium
  • Lucayan Condo Association Condos
  • Lucayan Community
  • Non Development Subdivision
  • Property Manager

Amenities

  • 1 Elevator

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,101

Year Built

Built in 1986

Lot Details

0 Sq Ft Lot

HOA Fees

$438 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-04-08
  • Federal Flood Zone: Yes
  • Year Built: 1986
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Flooring Type: Carpet, Ceramic Tile
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Elevators Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 875
  • Living Area Sq Ft: 875
  • Price Per Sq Ft: 285.60
  • Above Grade Finished Sq Ft: 875
  • Above Grade Finished Area Units: Square Feet

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: Vinyl Siding
  • Roof: Flat
  • Water Access: No
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 2

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: Yes
  • Condo Co-Op Fee: 1313.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Lucayan Condo Association
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Elevator
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s)
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Zoning: B1-R2
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5422326
  • Tax Annual Amount: 2101.00
  • Assessor Parcel Number: 10-297230
  • Tax Lot: 18
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
May 27, 2021
Sold by
Hillman Jeffery K and Canavesio Hillman Cynthia
Bought by
Robinson Rebecca Ann and Robinson Keith Eric
Seller's Agent
Lauren Hudson
Keller Williams Realty Delmarva
Buyer's Agent
Jen Hawk
Berkshire Hathaway HomeServices PenFed Realty
List Price
$249,900
Sold Price
$261,000
Premium/Discount to List
$11,100
4.44%
Current Estimated Value
$369,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,528
Avg. Annual Appreciation
7.50%
Original Mortgage
$208,800
Outstanding Balance
$158,534
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$210,994

Purchase Details

Listed on
Feb 17, 2018
Closed on
Jun 29, 2018
Sold by
Farr Mary Jo
Bought by
Hillman Jeffery K and Canavesio Hillman Cynthia A
Seller's Agent
Patrick Sommer
McWilliams/Ballard, Inc.
Buyer's Agent
Gregory Britt
Keller Williams Realty Delmarva
List Price
$179,900
Sold Price
$167,500
Premium/Discount to List
-$12,400
-6.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.46%
Original Mortgage
$134,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2002
Sold by
Jo Farr and Jo Mary
Bought by
Jo Farr and Jo Mary

Purchase Details

Closed on
Apr 3, 2002
Sold by
Garzio Joseph Michael
Bought by
Jo Farr and Jo Mary

Purchase Details

Closed on
Sep 11, 2000
Sold by
Lawrence David C
Bought by
Garzio Joseph Michael
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Robinson Rebecca Ann $261,000 Community Stlmt Group Llc
Hillman Jeffery K $167,500 Real Estate Title & Escrow
Jo Farr -- --
Jo Farr $144,000 --
Garzio Joseph Michael $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Rebecca Ann $208,800
Previous Owner Hillman Jeffery K $134,000
Closed Garzio Joseph Michael --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2021 05/27/21 Sold $261,000 +4.4% $298 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $249,900 +49.2% $286 / Sq Ft
06/29/2018 06/29/18 Sold $167,500 -6.9% $191 / Sq Ft View Prior Sale
05/15/2018 05/15/18 Pending -- -- --
02/19/2018 02/19/18 For Sale $179,900 -- $206 / Sq Ft
Source: Bright MLS

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 $2,986 $218,700 $0 $0
2024 $2,563 $183,700 $0 $0
2023 $2,090 $148,700 $74,300 $74,400
2022 $2,090 $148,700 $74,300 $74,400
2021 $2,101 $148,700 $74,300 $74,400
2020 $2,101 $148,700 $74,300 $74,400
2019 $2,115 $148,700 $74,300 $74,400
2018 $2,094 $148,700 $74,300 $74,400
2017 $2,223 $156,600 $0 $0
2016 $2,142 $156,600 $0 $0
2015 $2,142 $156,600 $0 $0
2014 $2,142 $178,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO120518

Bright MLS

APN: 10-297230

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