NOT LISTED FOR SALE

14501 Tunnel Ave Ocean City, MD 21842

Estimated Value: $297,000 - $311,000

2 Beds
2 Baths
900 Sq Ft
$200/mo HOA Fee

Last Sold November 20, 2020

Last sale price $221,000 $246 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,054/month

3 Days on Market

Highlights

  • Furnished
  • Community Pool
  • Heat Pump System
  • Ocean City Elementary School Rated A
  • Central Air

About This Home

As of November 2020

Newly remodeled 2 bedroom condo in North Ocean City. Fresh paint job will be done prior to settlement. Fully furnished home. Ready to move in. This is a great opportunity for you to own a beach home or a year round home. Would also make a great investment property.

Last Agent to Sell the Property

Jeffrey Messick

Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0024707 Listed on: 10/10/2020

Berkshire Hathaway HomeServices PenFed Realty-WOC

Last Buyer's Agent

Mickey Lobb

Berkshire Hathaway HomeServices PenFed Realty - OP License #575024

Berkshire Hathaway HomeServices PenFed Realty - OP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,907

Year Built

  • Built in 1985

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 900 Sq Ft Home
  • Property has 1 Level
  • Furnished

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Doors are 32 inches wide or more
  • Flood Risk

Listing and Financial Details

  • Tax Lot 309
  • Assessor Parcel Number 10-278279

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, lawn care front, lawn care rear, lawn care side, management, reserve funds, pool(s), snow removal
  • Low-Rise Condominium
  • Wanmar Villas Community
  • Caine Woods Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,907

Year Built

Built in 1985

Lot Details

0

HOA Fees

$200 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: 32"+ Wide Doors
  • Ownership: Condominium
  • Exclusions: Balcony Furniture and Personal Items
  • Home Warranty: No
  • Inclusions: Being sold fully furnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-10-10
  • Federal Flood Zone: Yes
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: Newly remodeled 2 bedroom condo in North Ocean City. Fresh paint job will be done prior to settlement. Fully furnished home. Ready to move in. This is a great opportunity for you to own a beach home or a year round home. Would also make a great investment property.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 254.44
  • Above Grade Finished Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 14501

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding, Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, On Street, 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
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 600.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Management, Reserve Funds, Pool(s), Snow Removal
  • 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
  • Year Assessed: 2020
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5420651
  • Tax Annual Amount: 1907.00
  • Assessor Parcel Number: 10-278279
  • Tax Lot: 309
  • Tax Total Finished Sq Ft: 900
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/20/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2020
Closed on
Nov 20, 2020
Sold by
Smith James J and Smith Theresa L
Bought by
Dearborn Michael Patrick and Dearborn Colleen Marie
Seller's Agent
Jeffrey Messick
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Mickey Lobb
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$229,000
Sold Price
$221,000
Premium/Discount to List
-$8,000
-3.49%
Current Estimated Value
$302,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,423
Avg. Annual Appreciation
7.21%
Original Mortgage
$146,000
Outstanding Balance
$130,511
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$177,294

Purchase Details

Closed on
Jan 13, 2016
Sold by
Poling Vinson S and Poling Rose E
Bought by
Smith James J and Smith Theresa L

Purchase Details

Closed on
Sep 11, 2001
Sold by
Mckee Richard T and Mckee Margaret J
Bought by
Poling Vinson S and Poling Rose E

Purchase Details

Closed on
Jan 8, 1986
Sold by
Martellini Joseph and Martellini Wanda J
Bought by
Mckee Richard T and Mckee Margaret J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,800
Interest Rate
10.81%
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
Dearborn Michael Patrick $221,000 Capitol Title Group
Smith James J $162,500 Attorney
Poling Vinson S $112,000 --
Mckee Richard T $70,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dearborn Michael Patrick $146,000
Closed Dearborn Michael Patrick $146,000
Previous Owner Mckee Richard T $63,800
Closed Poling Vinson S --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $221,000 -3.5% $246 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
10/10/2020 10/10/20 For Sale $229,000 -- $254 / 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 $2,470 $219,000 $0 $0
2024 $2,470 $177,000 $0 $0
2023 $1,903 $135,000 $67,500 $67,500
2022 $1,897 $135,000 $67,500 $67,500
2021 $1,908 $135,000 $67,500 $67,500
2020 $1,921 $135,000 $67,500 $67,500
2019 $1,921 $135,000 $67,500 $67,500
2018 $1,901 $135,000 $67,500 $67,500
2017 $2,172 $153,000 $0 $0
2016 $2,237 $153,000 $0 $0
2015 $2,268 $153,000 $0 $0
2014 $2,268 $153,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Messick

    Seller's Agent in 2020

    Jeffrey Messick

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (410) 251-2196

    41 in this area

    151 Total Sales

    Jeffrey Messick
    Section Image
  • Mickey Lobb

    Buyer's Agent in 2020

    Mickey Lobb

    Berkshire Hathaway HomeServices PenFed Realty - OP

    (443) 880-2064

    10 in this area

    44 Total Sales

    Mickey Lobb
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO117522

Bright MLS

APN: 10-278279

Maryland Worcester County Ocean City 19944

14501 Tunnel Ave, Ocean City, MD

This home is located at 14501 Tunnel Ave, Ocean City, MD 21842 since 10 October 2020 and is currently estimated at $302,423, approximately $336 per square foot. This property was built in 1985. 14501 Tunnel Ave 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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