Bayspot Condominiums 120 53rd St Unit O201 Ocean City, MD 21842
Estimated Value: $330,626 - $409,000
2
Beds
2
Baths
1,056
Sq Ft
$275/mo
HOA Fee
Highlights
- Primary bedroom faces the bay
- 1 Dock Slip
- Home fronts navigable water
- Ocean City Elementary School Rated A
- Pier
- Bay View
About This Home
As of June 2020This fabulous two bedroom, two bath unit is nestled on the bayside of 53rd street. New hard flooring in the living room and bonus enclosed balcony area. This end unit features terrific southern views of the bay and is within walking distance of dining, night life, and shopping. Multiple windows provide plenty of natural light. A short walk to the fun and sun of the beach. Sold furnished. Ready to move in for your new beach home or investment property. Included is deeded boat slip #50 and assigned parking off-street. Pets are permitted for owners not renters.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,103
Year Built
- Built in 1982
Lot Details
- 1 Common Wall
- South Facing Home
- Cleared Lot
HOA Fees
- $275 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 1,056 Sq Ft Home
- Property has 1 Level
- Traditional Floor Plan
- Furnished
- Double Pane Windows
- Vinyl Clad Windows
- Double Hung Windows
- Window Screens
- Combination Kitchen and Dining Room
Kitchen
- Electric Oven or Range
- Range Hood
- Microwave
- Ice Maker
- Dishwasher
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Primary bedroom faces the bay
- En-Suite Bathroom
- 2 Full Bathrooms
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry in unit
- Stacked Electric Washer and Dryer
Home Security
Parking
- 1 Open Parking Space
- Paved Parking
- Parking Lot
- Off-Street Parking
- 1 Assigned Parking Space
Outdoor Features
- Pier
- Access to Tidal Water
- Water Access
- Property near a bay
- Bulkhead
- 1 Dock Slip
- Physical Dock Slip Conveys
- Balcony
- Exterior Lighting
Location
- Flood Risk
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Air
- Heat Pump System
- 110 Volts
- Electric Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot O201
- Assessor Parcel Number 10-227283
Community Details
Overview
- Association fees include all ground fee, common area maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, parking fee, pier/dock maintenance, water
- 2 Units
- Low-Rise Condominium
- President: Don Sparklin Condos, Phone Number (443) 623-3560
- Bayspot Community
Recreation
- Boat Dock
Pet Policy
- Pets Allowed
Additional Features
- Common Area
- Storm Doors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 18, 2020
Closed on
Jun 5, 2020
Sold by
Singer Robert E
Bought by
Mccormick Warren C and Kromer Andrea M
Seller's Agent
Ted Smith
Holiday Real Estate
Buyer's Agent
Dean Strawbridge
Iron Valley Real Estate Ocean City
List Price
$214,500
Sold Price
$191,000
Premium/Discount to List
-$23,500
-10.96%
Total Days on Market
83
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
$162,907
Avg. Annual Appreciation
13.33%
Original Mortgage
$152,800
Outstanding Balance
$111,304
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$242,603
Purchase Details
Closed on
May 23, 2005
Sold by
Sanchez Rodolfo J
Bought by
Singer Robert E
Purchase Details
Closed on
May 13, 2003
Sold by
Smith Richard C and Smith Frances A
Bought by
Sanchez Rodolfo J
Purchase Details
Closed on
Dec 16, 1986
Sold by
Kellum Billy R and Kellum Ann M
Bought by
Smith Richard C and Smith Frances A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,900
Interest Rate
9.35%
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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 |
|---|---|---|---|
| Mccormick Warren C | $191,000 | Dba Real Estate T&E | |
| Singer Robert E | $250,000 | -- | |
| Sanchez Rodolfo J | $180,000 | -- | |
| Smith Richard C | $64,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mccormick Warren C | $152,800 | |
| Previous Owner | Smith Richard C | $51,900 | |
| Closed | Sanchez Rodolfo J | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2020 06/05/20 | Sold | $191,000 | -11.0% | $181 / Sq Ft |
| 05/11/2020 05/11/20 | Pending | -- | -- | -- |
| 02/18/2020 02/18/20 | For Sale | $214,500 | -- | $203 / 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 | $1,997 | $140,767 | $0 | $0 |
| 2018 | $1,884 | $133,733 | $0 | $0 |
| 2017 | $1,709 | $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
-
Ted Smith
Seller's Agent in 2020
Ted Smith
Holiday Real Estate
(410) 289-8888
31 in this area
34 Total Sales
-
Dean Strawbridge
Buyer's Agent in 2020
Dean Strawbridge
Iron Valley Real Estate Ocean City
(443) 277-2814
36 in this area
59 Total Sales
-
Carol Proctor
Buyer Co-Listing Agent in 2020
Carol Proctor
BHHS PenFed (actual)
(443) 567-0650
458 in this area
627 Total Sales
About Bayspot Condominiums
Map
Source: Bright MLS
MLS Number: MDWO112220
APN: 10-227283
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