Bayspot Condominiums 120 53rd St Unit H30102 Ocean City, MD 21842
Estimated Value: $332,437 - $391,000
2
Beds
2
Baths
1,056
Sq Ft
$275/mo
HOA Fee
Highlights
- 5 Feet of Waterfront
- Private Dock Site
- Bay View
- Ocean City Elementary School Rated A
- Fishing Allowed
- Bayside
About This Home
As of December 2022Mid Town OC - Bayfront 2 Bedroom, 2 Bath with Boat Slip #30. Top Floor unit allows incredible Bayfront and Sunset views from enclosed porch area and primary bedroom. A short walk to the Beach, Restaurants and more. The best part is that during Summer Season you can hop on your Boat and go Fishing, Bar hopping or dock at your favorite Restaurant. Sold Fully Furnished and "As is". Condo Fee $825 per quarter includes Water, Insurance, Reserves, Exterior Maintenance including your Boat Slip/Pier.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,282
Year Built
- Built in 1982
Lot Details
- Landscaped
- No Through Street
- Property is in very good condition
HOA Fees
- $275 Monthly HOA Fees
Property Views
Home Design
- Coastal Architecture
- Vinyl Siding
- Stick Built Home
Interior Spaces
- 1,056 Sq Ft Home
- Property has 1 Level
- Furnished
- Ceiling Fan
- Window Treatments
- Sliding Windows
- Window Screens
- Family Room
- Combination Kitchen and Dining Room
- Sun or Florida Room
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Parking
- 2 Open Parking Spaces
- 2 Parking Spaces
- Lighted Parking
- Parking Lot
- Off-Street Parking
- Parking Space Conveys
- 2 Assigned Parking Spaces
Outdoor Features
- Canoe or Kayak Water Access
- Property near a bay
- Personal Watercraft
- Private Dock Site
- Powered Boats Permitted
Location
- Flood Risk
- Bayside
Utilities
- Central Air
- Heat Pump System
- Vented Exhaust Fan
- Electric Water Heater
Listing and Financial Details
- Tax Lot H301
- Assessor Parcel Number 2410227305
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, lawn maintenance, management, pier/dock maintenance, reserve funds, water
- Low-Rise Condominium
- Bayspot Community
Recreation
- Boat Dock
- Fishing Allowed
Pet Policy
- Dogs Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2022
Closed on
Dec 30, 2022
Sold by
Mjmj Partnership
Bought by
Ray Kaitlin and Dean Yen
Seller's Agent
Joanie Hynes
EXP Realty, LLC
Buyer's Agent
Dallas Godman
Atlantic Shores Sotheby's International Realty
List Price
$300,000
Sold Price
$280,000
Premium/Discount to List
-$20,000
-6.67%
Total Days on Market
47
Views
82
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
$69,609
Avg. Annual Appreciation
8.21%
Original Mortgage
$252,000
Outstanding Balance
$245,087
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$92,189
Purchase Details
Closed on
May 27, 1987
Sold by
Hutchins Steven L
Bought by
Watson Michael C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
10.81%
Purchase Details
Closed on
Nov 16, 1982
Sold by
Anvil Association Inc A Md Corp
Bought by
Hutchins Steven L
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Similar Homes in Ocean City, MD
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ray Kaitlin | $280,000 | Old Republic National Title | |
| Watson Michael C | $62,500 | -- | |
| Hutchins Steven L | $47,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ray Kaitlin | $252,000 | |
| Previous Owner | Watson Michael C | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/30/2022 12/30/22 | Sold | $280,000 | -6.4% | $265 / Sq Ft |
| 11/23/2022 11/23/22 | Pending | -- | -- | -- |
| 11/10/2022 11/10/22 | Price Changed | $299,000 | -0.3% | $283 / Sq Ft |
| 10/07/2022 10/07/22 | For Sale | $300,000 | -- | $284 / 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 |
|---|---|---|---|---|
| 2024 | $2,799 | $200,600 | $0 | $0 |
| 2023 | $2,374 | $168,900 | $84,400 | $84,500 |
| 2022 | $2,275 | $161,867 | $0 | $0 |
| 2021 | $2,188 | $154,833 | $0 | $0 |
| 2020 | $2,088 | $147,800 | $73,900 | $73,900 |
| 2019 | $2,003 | $140,767 | $0 | $0 |
| 2018 | $1,884 | $133,733 | $0 | $0 |
| 2017 | $1,790 | $126,700 | $0 | $0 |
| 2016 | -- | $120,367 | $0 | $0 |
| 2015 | $2,103 | $114,033 | $0 | $0 |
| 2014 | $2,103 | $107,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joanie Hynes
Seller's Agent in 2022
Joanie Hynes
EXP Realty, LLC
(443) 375-0002
24 in this area
212 Total Sales
-
Dallas Godman
Buyer's Agent in 2022
Dallas Godman
Atlantic Shores Sotheby's International Realty
(443) 397-4389
16 in this area
31 Total Sales
About Bayspot Condominiums
Map
Source: Bright MLS
MLS Number: MDWO2010520
APN: 10-227305
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