NOT LISTED FOR SALE

14309 Lighthouse Ave Unit 302 Ocean City, MD 21842

Estimated Value: $236,000 - $270,000

2 Beds
1.5 Baths
720 Sq Ft
$150/mo HOA Fee

Last Sold December 04, 2020

Last sale price $167,450 $233 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,649/month

Highlights

  • Open Floorplan
  • Main Floor Bedroom
  • Family Room Off Kitchen
  • Ocean City Elementary School Rated A
  • Combination Kitchen and Living
  • Eat-In Kitchen

About This Home

As of December 2020

Looking for a low maintenance beach home? Or investor looking to rent? This unit has consistent rental history year after year. This unit brought in over $11,300 NET in 2020, only renting May- September. When you walk in you will immediately pick up on pride of ownership. Adorable eat-in kitchen opens up to the spacious living area. Follow the hallway to the back of the condo to find the two bedrooms and bathroom and a half. Just through the master bedroom is the perfect balcony for sipping your morning coffee or taking a break from the beach. This condo has laundry in the unit. New carpet was installed 2 years ago, New hot water heater 3 years ago, All appliances replaced last year: Dishwasher, washer/dryer, fridge w/ ice maker, stove/oven, hood over stove, new river pebble floor installed in bathroom last year, new heat pump outside unit 3 years ago, new ceiling fan. This condominium has a very strong condo association. It is self managed and they take very good care of the grounds and buildings.

Last Agent to Sell the Property

Jennifer Smith

(410) 320-6735 jennifer.i.smith@kw.com Keller Williams Realty License #667574 Listed on: 10/02/2020

Keller Williams Realty

Last Buyer's Agent

Margaret Connors

(410) 430-5221 margaretconnorsbeach@gmail.com Berkshire Hathaway HomeServices PenFed Realty License #635107

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,464

Year Built

  • Built in 1984

Lot Details

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

HOA Fees

  • $150 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Wood Siding

Interior Spaces

  • 720 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 302
  • Assessor Parcel Number 10-277183

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, snow removal
  • Low-Rise Condominium
  • Sonesta Ii, Phase II Community
  • Caine Woods Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,464

Year Built

Built in 1984

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: TVs
  • Home Warranty: No
  • Inclusions: With full price contract: -All the furniture in the master bedroom. -The bunk beds and the dresser in the second bedroom -the kitchen table and 4 chairs -the sofa and blue chair and TV stand in the living room.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-10-02
  • Federal Flood Zone: No
  • Year Built: 1984
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Looking for a low maintenance beach home? Or investor looking to rent? This unit has consistent rental history year after year. This unit brought in over $11,300 NET in 2020, only renting May- September. When you walk in you will immediately pick up on pride of ownership. Adorable eat-in kitchen opens up to the spacious living area. Follow the hallway to the back of the condo to find the two bedrooms and bathroom and a half. Just through the master bedroom is the perfect balcony for sipping your morning coffee or taking a break from the beach. This condo has laundry in the unit. New carpet was installed 2 years ago, New hot water heater 3 years ago, All appliances replaced last year: Dishwasher, washer/dryer, fridge w/ ice maker, stove/oven, hood over stove, new river pebble floor installed in bathroom last year, new heat pump outside unit 3 years ago, new ceiling fan. This condominium has a very strong condo association. It is self managed and they take very good care of the grounds and buildings.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Living, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In
  • Common Walls: 2+ Common Walls
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 720
  • Living Area Sq Ft: 720
  • Price Per Sq Ft: 242.92
  • Above Grade Finished Sq Ft: 720
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 14309

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • 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
  • Utilities: Electric Available
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 450.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Snow Removal
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Total Actual Rent: 11000.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5420565
  • Tax Annual Amount: 1464.00
  • Assessor Parcel Number: 10-277183
  • Tax Lot: 302
  • Tax Total Finished Sq Ft: 720
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 12/04/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Dec 4, 2020
Sold by
Stutzman Gregory A
Bought by
Evans Bradley R and Evans Julie L
Seller's Agent
Jennifer Smith
Keller Williams Realty
Buyer's Agent
Margaret Connors
Berkshire Hathaway HomeServices PenFed Realty
List Price
$174,900
Sold Price
$167,450
Premium/Discount to List
-$7,450
-4.26%
Current Estimated Value
$250,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,678
Avg. Annual Appreciation
8.57%
Original Mortgage
$40,000
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2007
Sold by
Thaddeus O'Neal James
Bought by
Stutzman Gregory A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,350
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 2007
Sold by
Thaddeus O'Neal James
Bought by
Stutzman Gregory A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,350
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 1992
Sold by
Hayes Patricia
Bought by
O'Neal James Thaddeus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,700
Interest Rate
8.06%

Purchase Details

Closed on
Apr 17, 1989
Sold by
Pappas Theodore
Bought by
Hayes Patricia
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
Evans Bradley R $167,450 Real Estate Title & Escrow
Stutzman Gregory A $153,000 --
Stutzman Gregory A $153,000 --
O'Neal James Thaddeus $53,000 --
Hayes Patricia $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Evans Bradley R $40,000
Previous Owner Stutzman Gregory A $145,350
Previous Owner Stutzman Gregory A $145,350
Previous Owner O'Neal James Thaddeus $47,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $167,450 -4.3% $233 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $174,900 -- $243 / 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 $2,248 $164,633 $0 $0
2024 $2,083 $149,267 $0 $0
2023 $1,887 $133,900 $66,900 $67,000
2022 $1,740 $123,800 $0 $0
2021 $1,607 $113,700 $0 $0
2020 $1,464 $103,600 $51,800 $51,800
2019 $1,474 $103,600 $51,800 $51,800
2018 $1,459 $103,600 $51,800 $51,800
2017 $1,655 $116,600 $0 $0
2016 -- $116,600 $0 $0
2015 $1,728 $116,600 $0 $0
2014 $1,728 $116,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Smith

    Seller's Agent in 2020

    Jennifer Smith

    Keller Williams Realty

    (410) 320-6735

    14 in this area

    65 Total Sales

    Jennifer Smith
    Section Image
  • Margaret Connors

    Buyer's Agent in 2020

    Margaret Connors

    BHHS PenFed (actual)

    (410) 430-5221

    49 in this area

    60 Total Sales

    Margaret Connors
    Section Image
  • Carol Proctor

    Buyer Co-Listing Agent in 2020

    Carol Proctor

    BHHS PenFed (actual)

    (443) 567-0650

    397 in this area

    546 Total Sales

    Carol Proctor
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO117274

Bright MLS

APN: 10-277183

Maryland Worcester County Ocean City 21842

14309 Lighthouse Ave Unit 302, Ocean City, MD

This home is located at 14309 Lighthouse Ave Unit 302, Ocean City, MD 21842 since 02 October 2020 and is currently estimated at $250,128, approximately $347 per square foot. This property was built in 1984. 14309 Lighthouse Ave Unit 302 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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