NOT LISTED FOR SALE

12304 Jamaica Ave Unit 306 Ocean City, MD 21842

Estimated Value: $348,000 - $412,991

2 Beds
3 Baths
1,220 Sq Ft
$300/mo HOA Fee

Last Sold July 31, 2024

Last sale price $340,000 $279 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,541/month

67 Days on Market

Highlights

  • Penthouse
  • Bay View
  • Coastal Architecture
  • Ocean City Elementary School Rated A
  • Bayside
  • 2-minute walk to Northside Park

About This Home

As of July 2024

Fantastic top floor 2-level corner end unit with spectacular views. 3 full baths, 2 large bedrooms with a main level living room kitchen combo and a very large den. Two new balconies, one fully screened the other open air top level off of the master bedroom, new appliances, new HVAC and new roof. Walk to North Side Park, walk to beach, two numbered assigned parking spaces. Sold furnished.

Last Agent to Sell the Property

Joe Preston

(301) 613-5084 wjoepjr@gmail.com RE/MAX Town Center License #631409 Listed on: 04/25/2024

RE/MAX Town Center

Last Buyer's Agent

Billy Barr

(410) 524-6400 bbocre@gmail.com Keller Williams Realty Delmarva

Keller Williams Realty Delmarva

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,458

Year Built

  • Built in 1984

Lot Details

  • 1 Common Wall
  • Property is in excellent condition

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Penthouse
  • Coastal Architecture
  • Entry on the 3rd floor
  • Frame Construction
  • Stick Built Home

Interior Spaces

  • 1,220 Sq Ft Home
  • Property has 4 Levels
  • Family Room Off Kitchen
  • Carpet
  • Bay Views

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on upper level
  • Electric Dryer
  • Washer

Parking

  • Assigned parking located at #306 & 306
  • On-Street Parking
  • Parking Lot
  • 2 Assigned Parking Spaces

Outdoor Features

  • Multiple Balconies
  • Screened Patio
  • Porch

Location

  • Flood Risk
  • Bayside

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 306
  • Assessor Parcel Number 2410262771

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, parking fee
  • Low-Rise Condominium
  • Jamaica 3 Condo
  • Jamaica III Community

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,458

Year Built

Built in 1984

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal, Unit/Flat
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-04-26
  • Federal Flood Zone: Yes
  • Year Built: 1984
  • Assigned Parking Space Numbers: 306 & 306
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Fantastic top floor 2-level corner end unit with spectacular views. 3 full baths, 2 large bedrooms with a main level living room kitchen combo and a very large den. Two new balconies, one fully screened the other open air top level off of the master bedroom, new appliances, new HVAC and new roof. Walk to North Side Park, walk to beach, two numbered assigned parking spaces. Sold furnished.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer
  • Entry Floor: 3
  • Flooring Type: Carpet
  • Interior Amenities: Carpet, Family Room Off Kitchen
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Wall Ceiling Types: Dry Wall
  • Floors In Unit Count: 2
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit, Upper Floor
  • Total Sq Ft: 1220
  • Living Area Sq Ft: 1220
  • Price Per Sq Ft: 285.16
  • Above Grade Finished Sq Ft: 1220
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12304

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Frame, Stick Built
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Unknown
  • Spa: No
  • View: Bay
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, On Street
  • 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: 300.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Jamaica 3 Condo
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Parking Fee
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balconies- Multiple, Porch(es), Screened, Roof
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: B-1
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 2458.00
  • Assessor Parcel Number: 2410262771
  • Tax Lot: 306
  • Tax Total Finished Sq Ft: 1220
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 07/31/2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2024
Closed on
Jul 26, 2024
Sold by
Blackburn Bobby L and Blackburn Carolyn D
Bought by
Payne Calvin T
Seller's Agent
Joe Preston
RE/MAX Town Center
Buyer's Agent
Billy Barr
Keller Williams Realty Delmarva
List Price
$364,900
Sold Price
$340,000
Premium/Discount to List
-$24,900
-6.82%
Views
89
Current Estimated Value
$370,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,248
Avg. Annual Appreciation
11.01%

Purchase Details

Listed on
Oct 6, 2019
Closed on
May 15, 2020
Sold by
Martinson James M and Martinson Linda L
Bought by
Blackburn Bobby L and Blackburn Carolyn D
Seller's Agent
Joe Preston
RE/MAX Town Center
Buyer's Agent
Joe Preston
RE/MAX Town Center
List Price
$234,900
Sold Price
$202,000
Premium/Discount to List
-$32,900
-14.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.16%
Original Mortgage
$161,600
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 23, 1986
Sold by
Maizel Walter and Carol Ann
Bought by
Martinson James M and Martinson Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
10.36%
Source: Public Records

Range of Values:

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List Price
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
Payne Calvin T $340,000 Resort Land Title
Blackburn Bobby L $202,000 Ocean Investments Title Corp
Martinson James M $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blackburn Bobby L $161,600
Previous Owner Martinson James M $133,800
Previous Owner Martinson James M $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $340,000 -2.3% $279 / Sq Ft
06/28/2024 06/28/24 Price Changed $347,900 -2.0% $285 / Sq Ft
05/08/2024 05/08/24 Price Changed $354,900 -2.7% $291 / Sq Ft
04/25/2024 04/25/24 For Sale $364,900 +80.6% $299 / Sq Ft
05/15/2020 05/15/20 Sold $202,000 -3.8% $166 / Sq Ft
04/05/2020 04/05/20 Pending -- -- --
03/27/2020 03/27/20 Price Changed $210,000 -6.6% $172 / Sq Ft
11/14/2019 11/14/19 Price Changed $224,900 -4.3% $184 / Sq Ft
10/06/2019 10/06/19 For Sale $234,900 -- $193 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $3,211 $285,867 $0 $0
2024 $3,211 $230,133 $0 $0
2023 $2,458 $174,400 $87,200 $87,200
2022 $2,451 $174,400 $87,200 $87,200
2021 $2,464 $174,400 $87,200 $87,200
2020 $2,464 $174,400 $87,200 $87,200
2019 $2,481 $174,400 $87,200 $87,200
2018 $2,456 $174,400 $87,200 $87,200
2017 $2,476 $174,400 $0 $0
2016 -- $174,400 $0 $0
2015 $2,518 $174,400 $0 $0
2014 $2,518 $195,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joe Preston

    Seller's Agent in 2024

    Joe Preston

    RE/MAX

    (301) 613-5084

    10 in this area

    56 Total Sales

    Joe Preston
    Section Image
  • Billy Barr

    Buyer's Agent in 2024

    Billy Barr

    Keller Williams Realty Delmarva

    (410) 524-6400

    52 in this area

    104 Total Sales

    Billy Barr
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO2020492

Bright MLS

APN: 10-262771

Maryland Worcester County Ocean City 21842

12304 Jamaica Ave Unit 306, Ocean City, MD

This home is located at 12304 Jamaica Ave Unit 306, Ocean City, MD 21842 since 25 April 2024 and is currently estimated at $370,248, approximately $303 per square foot. This property was built in 1984. 12304 Jamaica Ave Unit 306 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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