Seller's Agent in 2021
Michael Maykrantz
Seaside Resort Group, LLC
(443) 497-0107
49 in this area
90 Total Sales
12 42nd St Unit 101 Ocean City, MD 21842
Estimated Value: $348,005 - $379,000
2
Beds
2
Baths
808
Sq Ft
$200/mo
HOA Fee
Highlights
- Building is oceanfront but unit may not have water views
- Coastal Architecture
- Furnished
- Ocean City Elementary School Rated A
- Main Floor Bedroom
- Balcony
About This Home
As of October 2021Mystic Point is situated midtown at 42nd street, just steps from the beach, on one of the least populated blocks in Ocean City. This furnished 2 bed/2 bath unit has a large private balcony, perfect for sunrise/sunset, morning coffee and evening happy hours. Floor to ceiling windows with southern exposure provide plenty of natural light and this end unit also benefits from additional windows in the bedrooms to enjoy beach breezes. Building has new elevator (replaced Jan. 2021), outdoor shower & low condo fees. Conveniently located across the street from the Convention Center and only 15 blocks from the famous Ocean City Boardwalk. Also within walking distance to restaurants, bars, shopping, Jolly Roger water park, rides and mini golf. Ocean block living at it's finest! (Seller has contracted to have entry door, frame and storm door replaced. Work due to be completed before the end of September).
Last Agent to Sell the Property
(443) 497-0107 mmaykrantz@comcast.net Seaside Resort Group, LLC License #513925 Listed on: 09/03/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,603
Year Built
- Built in 1973
Lot Details
- Building is oceanfront but unit may not have water views
- North Facing Home
HOA Fees
- $200 Monthly HOA Fees
Home Design
- Coastal Architecture
- Entry on the 1st floor
- Flat Roof Shape
- Stucco
Interior Spaces
- 808 Sq Ft Home
- Property has 1 Level
- Furnished
- Window Treatments
- Flood Lights
Kitchen
- Electric Oven or Range
- Dishwasher
Flooring
- Partially Carpeted
- Ceramic Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Bathroom
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 1 Open Parking Space
- 1 Parking Space
- On-Street Parking
- Parking Lot
- Off-Street Parking
- 1 Assigned Parking Space
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Outdoor Shower
- Balcony
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Air
- Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 101
- Assessor Parcel Number 10-066026
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, reserve funds
- Mid-Rise Condominium
- Mystic Point Condos
- Mystic Point Community
- Non Development Subdivision
- Property Manager
Amenities
- Common Area
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 3, 2021
Closed on
Oct 29, 2021
Sold by
Molitorisz Richard and Molitorisz Marsha
Bought by
Salami Benson Olawole and Salami Olubunmi Christiana
Seller's Agent
Michael Maykrantz
Seaside Resort Group, LLC
Buyer's Agent
Bunmi Salami
Fairfax Realty Premier
List Price
$315,000
Sold Price
$290,000
Premium/Discount to List
-$25,000
-7.94%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,251
Avg. Annual Appreciation
6.68%
Original Mortgage
$261,000
Outstanding Balance
$239,038
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$134,628
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Salami Benson Olawole | $290,000 | Capitol Title Group |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Salami Benson Olawole | $261,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/29/2021 10/29/21 | Sold | $290,000 | -7.9% | $359 / Sq Ft |
| 09/15/2021 09/15/21 | Pending | -- | -- | -- |
| 09/03/2021 09/03/21 | For Sale | $315,000 | -- | $390 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $2,935 | $236,467 | $0 | $0 |
| 2024 | $2,935 | $210,333 | $0 | $0 |
| 2023 | $2,589 | $184,200 | $92,100 | $92,100 |
| 2022 | $2,589 | $184,200 | $92,100 | $92,100 |
| 2021 | $2,603 | $184,200 | $92,100 | $92,100 |
| 2020 | $2,563 | $184,200 | $92,100 | $92,100 |
| 2019 | $2,571 | $180,700 | $0 | $0 |
| 2018 | $2,496 | $177,200 | $0 | $0 |
| 2017 | $2,466 | $173,700 | $0 | $0 |
| 2016 | -- | $173,700 | $0 | $0 |
| 2015 | $3,520 | $173,700 | $0 | $0 |
| 2014 | $3,520 | $234,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Maykrantz
-
Bunmi Salami
Buyer's Agent in 2021
Bunmi Salami
Fairfax Realty Premier
(301) 547-9369
1 in this area
4 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2001928
APN: 10-066026
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