NOT LISTED FOR SALE

15 42nd St Unit 1W Ocean City, MD 21842

Estimated Value: $408,000 - $486,000

3 Beds
2 Baths
1,080 Sq Ft
$192/mo HOA Fee

Last Sold April 27, 2021

Last sale price $345,000 $319 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,834/month

Highlights

  • Water Oriented
  • Furnished
  • Family Room Off Kitchen
  • Ocean City Elementary School Rated A
  • Breakfast Area or Nook
  • Outdoor Shower

About This Home

As of April 2021

Great opportunity to own a convenient first floor 3 bedroom 2 bath Oceanside Condo. Unit features ceramic tile floors, separate utility room w/full size washer dryer, central heat/air (new in last 2 years), outside storage closet, 2 car parking, LOW condo fees (2300 annually) & nice balcony. Excellent rental income averaging $24K last 3 years. Great location 42nd street oceanside. Walk to numerous restaurants, convention center & close to Amusement Park and Boardwalk.

Last Agent to Sell the Property

Anthony Golden

(443) 783-0249 tony@oceancity4sales.com Berkshire Hathaway HomeServices PenFed Realty Listed on: 02/05/2021

Berkshire Hathaway HomeServices PenFed Realty

Co-Listed By

Carol Proctor

(443) 567-0650 carol@carolproctor.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Carol Proctor

(443) 567-0650 carol@carolproctor.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,899

Year Built

  • Built in 1971

Lot Details

  • 6,011

HOA Fees

  • $192 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Flat Roof Shape
  • Frame Construction

Interior Spaces

  • 1,080 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Family Room Off Kitchen
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

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

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean

Location

  • Flood Risk

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

  • Association fees include common area maintenance, exterior building maintenance, insurance, water
  • Low-Rise Condominium
  • Oceanside 42 Community

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 1W
  • Assessor Parcel Number 10-065631

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,899

Year Built

Built in 1971

Lot Details

0

HOA Fees

$192 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: Items in locked closets.
  • Home Warranty: No
  • Inclusions: Furniture, electronics, dishware and accessories
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Remarks Public: Great opportunity to own a convenient first floor 3 bedroom 2 bath Oceanside Condo. Unit features ceramic tile floors, separate utility room w/full size washer dryer, central heat/air (new in last 2 years), outside storage closet, 2 car parking, LOW condo fees (2300 annually) & nice balcony. Excellent rental income averaging $24K last 3 years. Great location 42nd street oceanside. Walk to numerous restaurants, convention center & close to Amusement Park and Boardwalk.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Ceramic Tile, Carpet
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Combination Dining/Living, Family Room Off Kitchen, Window Treatments
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1080
  • Living Area Sq Ft: 1080
  • Price Per Sq Ft: 319.44
  • Above Grade Finished Sq Ft: 1080
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 15

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Block, Concrete, Frame
  • Exterior Features: Outside Shower, Sidewalks
  • Roof: Flat
  • Spa: No
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, Off 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: Central
  • 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: 2300.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Water
  • 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-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Total Actual Rent: 25000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5402515
  • Tax Annual Amount: 2899.00
  • Assessor Parcel Number: 10-065631
  • Tax Lot: 1W
  • Tax Total Finished Sq Ft: 1080
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 04/27/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2021
Closed on
Apr 26, 2021
Sold by
Tbee Llc
Bought by
Destreza Juan Carlo and Destreza Jenny
Seller's Agent
Anthony Golden
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%
Current Estimated Value
$444,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,454
Avg. Annual Appreciation
6.76%
Original Mortgage
$310,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2014
Sold by
Lang Emily R and Bellos Billie Jo
Bought by
Tbee Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.33%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 16, 2007
Sold by
Jo Bellos Harry
Bought by
Jo Bellos Billie and Lang Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.14%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 11, 2007
Sold by
Jo Bellos Harry
Bought by
Jo Bellos Billie and Lang Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 1998
Sold by
Granelli Michael K and Granelli Elizabeth J
Bought by
Jo Bellos Harry
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
Destreza Juan Carlo $345,000 Certified Title Corp
Tbee Llc $217,000 First American Title
Jo Bellos Billie -- --
Jo Bellos Billie -- --
Jo Bellos Harry $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Destreza Juan Carlo $310,500
Previous Owner Tbee Llc $165,000
Previous Owner Jo Bellos Billie $106,000
Previous Owner Jo Bellos Billie $106,000
Closed Jo Bellos Harry --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2021 04/27/21 Sold $345,000 0.0% $319 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
02/16/2021 02/16/21 Price Changed $345,000 -1.4% $319 / Sq Ft
02/05/2021 02/05/21 For Sale $350,000 -- $324 / 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 $3,416 $284,400 $0 $0
2024 $3,416 $244,800 $0 $0
2023 $2,884 $205,200 $102,600 $102,600
2022 $2,884 $205,200 $102,600 $102,600
2021 $2,900 $205,200 $102,600 $102,600
2020 $2,899 $205,200 $102,600 $102,600
2019 $2,919 $205,200 $102,600 $102,600
2018 $2,890 $205,200 $102,600 $102,600
2017 $2,785 $205,200 $0 $0
2016 $845 $196,200 $0 $0
2015 $845 $187,200 $0 $0
2014 $845 $178,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO120006

Bright MLS

APN: 10-065631