Seller's Agent in 2023
Sheri Smith
Keller Williams Realty Delmarva
(443) 614-2825
12 in this area
121 Total Sales
1209 Atlantic Ave Unit 402 Ocean City, MD 21842
Estimated Value: $1,298,000 - $1,457,000
3
Beds
3
Baths
1,925
Sq Ft
$979/mo
HOA Fee
Highlights
- 75 Feet of Waterfront
- Ocean View
- Access to Tidal Water
- Ocean City Elementary School Rated A
- Primary bedroom faces the ocean
- Open Floorplan
About This Home
As of July 2023Welcome to your dream oceanfront oasis in the heart of Ocean City, Md. This stunning 3-bedroom 3 bath (the only 3/3 in this building!!) boasts breathtaking views of the Atlantic Ocean, as well as up and down the beaches. This condo IS Ocean City. You will be amazed to experience the exceptional comfort and care in every detail. Your perfect beach house has been found right here! Spend your summer days in this meticulously decorated and maintained condo just literal steps from the Beaches of the Atlantic Ocean and Boardwalk. Beautiful ceramic tile throughout creates a stylish yet practical retreat and brings luxury living to life. The spacious fully equipped kitchen offers solid surface counter tops, crisp white cabinetry, and a breakfast bar perfect for impromptu meals or buffet setup. The open floor plan is perfect for entertaining and includes a dining area, spacious living room with lovely gas fireplace and opens onto the oversized patio area allowing natural light to pour in. These rooms will be full of love, laughter, and shared memories after a busy day of sunshine and beach fun! Dressed to the nines with custom wall murals, crown molding, and recessed lighting- this home will impress the most distinguished buyer! The Master Bedroom is a dream come true with en-suite bathroom and its own access to the ocean front balcony. Listen to the gentle rolling waves all night long in the privacy of your own room! You will look forward to retreating to your luxurious bath, complete with its own custom tile shower, and a corner jacuzzi tub for long, relaxing spa days! Common area amenities include 2 assigned parking spaces, storage unit, bike rack for after your morning ride on the boards, and pool. This condo is one of the few in OC that offers an ocean front pool right along the Boardwalk and beach. If you’re looking for an investment property that offers exceptional income, this is one you do not want to miss. This property is a highly sought after vacation rental (although you wouldn’t know by looking at it) that generates an extraordinary amount of rental income year after year making it a smart and lucrative investment. In fact, its income potential is one of the many reasons why this property is such a valuable investment opportunity in the OC market. You will look forward to daily beach trips with friends and family! Surrounded by all of the shopping, dining and entertainment that Ocean City has to offer without having to get in your car. Bring the entire family and your friends as this home has tons of space for everyone. Act now! Do not miss out on your chance to own one of the best spots in OC.
Last Agent to Sell the Property
(443) 614-2825 sheri@sherismithrealtor.com Keller Williams Realty Delmarva License #RS-0015670 Listed on: 05/12/2023
Last Buyer's Agent
(443) 866-1963 savanna.dorbert@longandfoster.com Keller Williams Gateway LLC License #5014338
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $10,148
Year Built
- Built in 2004
Lot Details
- 75 Feet of Waterfront
- Ocean Front
- Home fronts navigable water
- Property is in excellent condition
HOA Fees
- $979 Monthly HOA Fees
Property Views
- Ocean
- Bay
Home Design
- Coastal Architecture
- Entry on the 5th floor
- Dryvit Stucco
Interior Spaces
- 1,925 Sq Ft Home
- Open Floorplan
- Furnished
- Ceiling Fan
- Recessed Lighting
- 1 Fireplace
- Window Treatments
- Combination Dining and Living Room
- Ceramic Tile Flooring
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Primary bedroom faces the ocean
- Walk-In Closet
- 3 Full Bathrooms
- Whirlpool Bathtub
Laundry
- Dryer
- Washer
Parking
- Off-Street Parking
- 2 Assigned Parking Spaces
Outdoor Features
- Access to Tidal Water
- Water Access
- Property is near an ocean
Location
- Flood Risk
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 402
- Assessor Parcel Number 2410425972
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, gas, management, pool(s)
- Mid-Rise Condominium
- Oceans Pointe Condos
- Oceans Pointe Community
- Property has 5 Levels
Amenities
- Elevator
Recreation
- Community Pool
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 12, 2023
Closed on
Jul 21, 2023
Sold by
Op502 Llc
Bought by
Friese Herbert M and Buckley Barbara Fraunhoffer
Seller's Agent
Sheri Smith
Keller Williams Realty Delmarva
Buyer's Agent
Savanna Dorbert
Keller Williams Gateway LLC
List Price
$1,450,000
Sold Price
$1,375,000
Premium/Discount to List
-$75,000
-5.17%
Views
270
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
$8,259
Avg. Annual Appreciation
0.26%
Purchase Details
Closed on
Apr 27, 2010
Sold by
Steiner William J and Steiner Janice M
Bought by
Op#502 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$537,280
Interest Rate
5.07%
Purchase Details
Closed on
Jan 10, 2006
Sold by
Fenwick Coastal Llc
Bought by
Steiner William J and Steiner Janice M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 5, 2006
Sold by
Fenwick Coastal Llc
Bought by
Steiner William J and Steiner Janice M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 11, 2004
Sold by
Yellow Bird Llc
Bought by
Fenwick Coastal Llc
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 |
|---|---|---|---|
| Friese Herbert M | $1,375,000 | Sage Title | |
| Friese Herbert M | $1,375,000 | Sage Title | |
| Op#502 Llc | $671,600 | -- | |
| Steiner William J | $1,000,000 | -- | |
| Steiner William J | $1,000,000 | -- | |
| Fenwick Coastal Llc | $600,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Op#502 Llc | $537,280 | |
| Previous Owner | Steiner William J | $900,000 | |
| Previous Owner | Steiner William J | $900,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2023 07/21/23 | Sold | $1,375,000 | -5.2% | $714 / Sq Ft |
| 07/03/2023 07/03/23 | Pending | -- | -- | -- |
| 05/12/2023 05/12/23 | For Sale | $1,450,000 | -- | $753 / 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 | $15,245 | $1,116,433 | $0 | $0 |
| 2024 | $12,812 | $918,167 | $0 | $0 |
| 2023 | $10,117 | $719,900 | $503,900 | $216,000 |
| 2022 | $10,117 | $719,900 | $503,900 | $216,000 |
| 2021 | $10,173 | $719,900 | $503,900 | $216,000 |
| 2020 | $10,171 | $719,900 | $503,900 | $216,000 |
| 2019 | $9,456 | $664,733 | $0 | $0 |
| 2018 | $8,585 | $609,567 | $0 | $0 |
| 2017 | $7,831 | $554,400 | $0 | $0 |
| 2016 | -- | $554,400 | $0 | $0 |
| 2015 | $7,500 | $554,400 | $0 | $0 |
| 2014 | $7,500 | $585,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sheri Smith
-
Savanna Dorbert
S
Buyer's Agent in 2023
Savanna Dorbert
Keller Williams Gateway LLC
(443) 866-1963
1 in this area
2 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2013872
APN: 10-425972
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