NOT LISTED FOR SALE

12305 Wight St Unit 307 Ocean City, MD 21842

Estimated Value: $251,670 - $279,000

-- Bed
1 Bath
392 Sq Ft
$167/mo HOA Fee

Last Sold June 03, 2019

Last sale price $162,500 $415 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,818/month

Highlights

  • Ocean Front
  • Water Access
  • Efficiency Studio
  • Ocean City Elementary School Rated A
  • Community Pool
  • Balcony

About This Home

As of June 2019

DIRECT OCEAN FRONT EFFICIENCY IN POPULAR CARA MAR BUILDING FRESH PAINT AND NEW FLOORING WITH BALCONY AND GREAT VIEW OF THE ATLANTIC GROUND FLOOR STORAGE LOCKERS AND LAUNDRY

Last Agent to Sell the Property

Michael Ray

(301) 980-8155 michaelray@sunpropinc.com SUNSHINE PROPERTIES INC. Listed on: 10/06/2018

Last Buyer's Agent

Cindy Poremski

(410) 430-9988 cindy@occonnection.com Berkshire Hathaway HomeServices PenFed Realty - OP License #510852

Berkshire Hathaway HomeServices PenFed Realty - OP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,258

Year Built

  • Built in 1975

Lot Details

  • Ocean Front
  • Two or More Common Walls
  • Property is in very good condition

HOA Fees

  • $167 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Flat Roof Shape
  • Built-Up Roof
  • Stick Built Home
  • Masonry

Interior Spaces

  • 1 Full Bathroom
  • 392 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Insulated Doors
  • Efficiency Studio
  • Carpet
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave

Parking

  • Parking Lot
  • Off-Site Parking

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Balcony
  • Outdoor Storage

Location

  • Flood Risk

Schools

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

Utilities

  • 90% Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5878A
  • Assessor Parcel Number 10-151554

Community Details

Overview

  • Association fees include laundry, management, pool(s), exterior building maintenance, insurance
  • Mid-Rise Condominium
  • Cara Mar Community

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,258

Year Built

Built in 1975

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2018-10-07
  • Federal Flood Zone: Yes
  • Year Built: 1975
  • Remarks Public: DIRECT OCEAN FRONT EFFICIENCY IN POPULAR CARA MAR BUILDING FRESH PAINT AND NEW FLOORING WITH BALCONY AND GREAT VIEW OF THE ATLANTIC GROUND FLOOR STORAGE LOCKERS AND LAUNDRY
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Microwave
  • Entry Floor: 3
  • Flooring Type: Carpet
  • Interior Amenities: Efficiency
  • Window Features: Insulated
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Insulated
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 392
  • Living Area Sq Ft: 392
  • Price Per Sq Ft: 420.66
  • Above Grade Finished Sq Ft: 392
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 12305

Beds/Baths

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry, Stick Built
  • Exterior Features: Outside Shower, Secure Storage
  • Roof: Built-Up, Flat
  • Spa: No
  • View: Ocean, Water
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Under Home Parking
  • Type Of Parking: Parking Lot, Off Site

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2000.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Laundry, Management, Pool(s), Ext Bldg Maint, Insurance
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2019
  • Zoning: R-3
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5409701
  • Tax Annual Amount: 2258.00
  • Assessor Parcel Number: 10-151554
  • Tax Lot: 5878A
  • Tax Total Finished Sq Ft: 392
  • County Tax Payment Frequency: Unknown
  • Tax Data Updated: Yes
  • Tax Year: 2019
  • Close Date: 06/03/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2018
Closed on
Jun 3, 2019
Sold by
The Gloria M Panza Revocable Trust
Bought by
Muzzatti Pmarcello Nicola and Ballester Betty Mae
Seller's Agent
Michael Ray
SUNSHINE PROPERTIES INC.
Buyer's Agent
Cindy Poremski
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$174,000
Sold Price
$162,500
Premium/Discount to List
-$11,500
-6.61%
Current Estimated Value
$268,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,918
Avg. Annual Appreciation
8.17%
Original Mortgage
$129,960
Outstanding Balance
$114,267
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$154,151

Purchase Details

Closed on
Dec 31, 1996
Sold by
Domenico Panza
Bought by
Panza Gloria M

Purchase Details

Closed on
Aug 31, 1988
Sold by
Vogel Raymond J and Vogel Brenda J
Bought by
Panza Domenico and Panza Gloria

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
10.67%

Purchase Details

Closed on
Jun 28, 1985
Sold by
Mangialardo Alexander and Mangialardo Mangiala J
Bought by
Vogel Raymond J and Vogel Brenda J

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
12.15%
Source: Public Records

Range of Values:

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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
Muzzatti Pmarcello Nicola $162,450 Rgs Title Llc
Panza Gloria M -- --
Panza Domenico $73,000 --
Vogel Raymond J $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muzzatti Pmarcello Nicola $129,960
Previous Owner Panza Domenico $50,000
Previous Owner Vogel Raymond J $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2019 06/03/19 Sold $162,500 -1.5% $415 / Sq Ft
03/17/2019 03/17/19 Pending -- -- --
03/14/2019 03/14/19 Price Changed $164,900 -5.2% $421 / Sq Ft
10/07/2018 10/07/18 For Sale $174,000 -- $444 / 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 $2,916 $213,567 $0 $0
2024 $2,597 $186,133 $0 $0
2023 $2,230 $158,700 $111,000 $47,700
2022 $2,230 $158,700 $111,000 $47,700
2021 $2,243 $158,700 $111,000 $47,700
2020 $2,242 $158,700 $111,000 $47,700
2019 $2,249 $158,067 $0 $0
2018 $2,217 $157,433 $0 $0
2017 $2,226 $156,800 $0 $0
2016 -- $156,800 $0 $0
2015 $2,361 $156,800 $0 $0
2014 $2,361 $156,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michael Ray

    SUNSHINE PROPERTIES INC.

    Section Image
  • Cindy Poremski

    Buyer's Agent in 2019

    Cindy Poremski

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (410) 430-9988

    22 in this area

    138 Total Sales

    Cindy Poremski
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1008354674

Bright MLS

APN: 10-151554

Maryland Worcester County Ocean City 21842

12305 Wight St Unit 307, Ocean City, MD

This home is located at 12305 Wight St Unit 307, Ocean City, MD 21842 since 06 October 2018 and is currently estimated at $268,418, approximately $684 per square foot. This property was built in 1975. 12305 Wight St Unit 307 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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