NOT LISTED FOR SALE

147 Newport Bay Dr Unit 27 Ocean City, MD 21842

Estimated Value: $285,000 - $378,000

2 Beds
1.5 Baths
848 Sq Ft
$333/mo HOA Fee

Last Sold March 15, 2024

Last sale price $339,000 $400 Per Sq Ft

Current estimated payment $2,358/month

1 Day on Market

Highlights

  • 300 Feet of Waterfront
  • 1 Dock Slip
  • Stainless Steel Appliances
  • Ocean City Elementary School Rated A
  • Furnished
  • Doors swing in

About This Home

As of March 2024

Welcome to your new waterfront condo with a deeded boat slip and boat lift at the beach! This North OC 2 bed/1.5 bath unit has some nice interior updates like wide Luxury Vinyl Plank flooring, Quartz kitchen countertops and stainless appliances to name a few. Turnkey and furnished as shown except for the balcony outdoor furniture items which are negotiable. This condo is nicely decorated that would even impress Joanna Gaines! No washer/dryer in this unit but could be added in the closet space next to the kitchen if desired by the new owners. The large balcony offers up a great entertaining area with friends and family with the perfect South/West views over a wide section of the canal. One dedicated parking spot goes with the unit located in the side parking lot and additional on street parking spots in front of building. Great rental investment opportunity or keep it all to yourself with your boat right in the backyard ready when you are. Grab this one before its gone and start creating forever memories here at the beach.

Last Agent to Sell the Property

Richard Price

(443) 614-3866 rich@livebyoc.com EXP Realty, LLC License #RS-0025460 Listed on: 02/16/2024

EXP Realty, LLC

Last Buyer's Agent

Dustin Oldfather

(302) 249-5899 Dustin@TheOldfatherGroup.com Compass License #647315

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,031

Year Built

  • Built in 1973

Lot Details

  • 300 Feet of Waterfront
  • Home fronts navigable water
  • Two or More Common Walls
  • North Facing Home
  • Property is in good condition

HOA Fees

  • $333 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Stick Built Home

Interior Spaces

  • 848 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Crawl Space

Kitchen

  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Parking

  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Canoe or Kayak Water Access
  • Property is near a canal
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Dock made with Composite Material
  • 1 Powered Boats Permitted

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Doors swing in
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 27
  • Assessor Parcel Number 2410130069

Community Details

Overview

  • Association fees include common area maintenance, insurance, management, reserve funds
  • 8 Units
  • Low-Rise Condominium
  • Newport Bay East Community
  • Property Manager

Amenities

  • Common Area

Recreation

  • Boat Dock

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,031

Year Built

Built in 1973

Lot Details

0

HOA Fees

$333 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: Doors - Swing In
  • Ownership: Condominium
  • Exclusions: Balcony furniture is negotiable. All items in closets.
  • Historic: No
  • Inclusions: Furnished as shown except balcony furniture which is negotiable.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-02-16
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Stainless Steel Appliances, Energy Star Dishwasher, Energy Star Refrigerator, Microwave
  • Entry Floor: 2
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 848
  • Living Area Sq Ft: 848
  • Price Per Sq Ft: 399.76
  • Above Grade Finished Sq Ft: 848
  • Above Grade Finished Area Units: Square Feet

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: Stick Built
  • Water Access Features: Boat - Powered, Canoe/Kayak
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No
  • Water Frontage In Feet: 300

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1000.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Reserved/Assigned Parking, Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Management, Reserve Funds
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Good
  • Zoning: R-3
  • 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: Yes
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 2031.00
  • Assessor Parcel Number: 2410130069
  • Tax Lot: 27
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Mar 15, 2024
Sold by
Robin Lisa Graine Trust and Graine Robin Lisa
Bought by
Hillis Jack David and Hawkins Hillis Krista
Seller's Agent
Richard Price
EXP Realty, LLC
Buyer's Agent
Dustin Oldfather
Compass
List Price
$339,000
Sold Price
$339,000
Views
96
Current Estimated Value
$338,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$199
Avg. Annual Appreciation
-0.04%
Original Mortgage
$271,200
Outstanding Balance
$266,913
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$71,888

Purchase Details

Listed on
Sep 13, 2020
Closed on
Nov 6, 2020
Sold by
Goldsborough David T
Bought by
Graine Robin Lisa and The Robin Lisa Graine Trust
Seller's Agent
Cindy Purcell
RE/MAX Advantage Realty
Buyer's Agent
Richard Price
EXP Realty, LLC
List Price
$254,900
Sold Price
$240,000
Premium/Discount to List
-$14,900
-5.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.89%
Original Mortgage
$192,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2018
Sold by
Goldsborough David Timothy and Estate Of Thomas A Goldsboroug
Bought by
Goldsborough David Timothy

Purchase Details

Closed on
Dec 31, 2002
Sold by
Albert Delsignore
Bought by
Goldsborough Ruth A
Source: Public Records

Range of Values:

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Average Value
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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
Hillis Jack David $339,000 Bright Title And Settlement
Hillis Jack David $339,000 Bright Title And Settlement
Graine Robin Lisa $240,000 Bright Ttl & Stlmt Svcs Llc
Goldsborough David Timothy -- None Available
Goldsborough Ruth A $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hillis Jack David $271,200
Closed Hillis Jack David $271,200
Previous Owner Graine Robin Lisa $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2024 03/15/24 Sold $339,000 0.0% $400 / Sq Ft
02/18/2024 02/18/24 Pending -- -- --
02/16/2024 02/16/24 For Sale $339,000 +41.3% $400 / Sq Ft
11/13/2020 11/13/20 Sold $240,000 -4.0% $283 / Sq Ft View Prior Sale
10/05/2020 10/05/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $249,900 -2.0% $295 / Sq Ft
09/13/2020 09/13/20 For Sale $254,900 -- $301 / 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 $2,972 $217,633 $0 $0
2024 $2,524 $180,867 $0 $0
2023 $2,025 $144,100 $72,000 $72,100
2022 $2,025 $144,100 $72,000 $72,100
2021 $2,036 $144,100 $72,000 $72,100
2020 $2,276 $161,100 $80,500 $80,600
2019 $2,237 $157,700 $0 $0
2018 $2,173 $154,300 $0 $0
2017 $2,110 $150,900 $0 $0
2016 $2,173 $148,633 $0 $0
2015 $2,178 $146,367 $0 $0
2014 $2,178 $144,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2018686

Bright MLS

APN: 10-130069