NOT LISTED FOR SALE

1602 Philadelphia Ave Unit 110 Ocean City, MD 21842

Estimated Value: $521,000 - $582,105

3 Beds
3 Baths
1,305 Sq Ft
$250/mo HOA Fee

Last Sold July 17, 2019

Last sale price $310,000 $238 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,566/month

Highlights

  • Ocean View
  • Newly Remodeled
  • Cathedral Ceiling
  • Ocean City Elementary School Rated A
  • Deck
  • Furnished

About This Home

As of July 2019

New Construction Townhome built in 2014. Fantastic Ocean Block location convenient to the Boardwalk on 16th Street. Unit features 2 Car Garage, Granite Countertops with Breakfast Bar in Kitchen, Stainless Steel Appliances, 42- inch Cabinets, Stylish kitchen Lighting, Ceramic Tile in Kitchen and Baths, and Front Loading Washer and Dryer. All three bedrooms have vaulted ceilings. Master Bedroom features a bay window and vaulted ceiling. Master Bathroom features Double Vanity with Glass Shower. Initial Capital Contribution of $500 due to Condo Association at Settlement from Buyer. Document Review Fee Charged to Buyer if Buyer chooses settlement attorney other than Jim Almand.

Last Agent to Sell the Property

Jonathan Barker

(410) 935-3810 jon@markf.com Keller Williams Realty Delmarva License #618143 Listed on: 03/02/2018

Keller Williams Realty Delmarva

Last Buyer's Agent

Tony Prochazka

(443) 856-5007 tony@shore4home.com Shore 4U Real Estate License #647894

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,129

Year Built

  • Built in 2014 | Newly Remodeled

Lot Details

  • Sprinkler System
  • Cleared Lot

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,305 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Ocean Views
  • Storage In Attic

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Deck

Location

  • Flood Risk

Schools

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

Utilities

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

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 10
  • Assessor Parcel Number 768995

Community Details

Overview

  • Association fees include common area maintenance, insurance
  • 11 Units
  • Sunburst Townhomes HOA
  • Low-Rise Condominium
  • Sunburst Townhouse Community

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,129

Year Built

Built in 2014 | Newly Remodeled

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Exhaust Fan(s)
  • New Construction: Yes
  • Storage: Attic
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 2014
  • Special Features: NewHome
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Icemaker, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), Crown Moldings, Upgraded Countertops, Sprinkler System, Window Treatments
  • Window Features: Insulated, Screens
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Block
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1305
  • Living Area Sq Ft: 1305
  • Price Per Sq Ft: 260.46
  • Above Grade Finished Sq Ft: 1305
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 1.00
  • Upper Level 2 Bathrooms: 2.00

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Vinyl Siding, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Architectural Shingle
  • View: Ocean, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Under Home Parking, Concrete Driveway
  • Garage Features: Garage Door Opener, Garage - Rear Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 638.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3000.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance
  • HOA Name: SUNBURST TOWNHOMES
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning: RESIDENTIAL
  • Zoning Description: B1
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 15000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 12503552
  • Tax Annual Amount: 4129.04
  • Assessor Parcel Number: 768995
  • Tax Lot: 10
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2018
Closed on
Jul 17, 2019
Sold by
Mana Jit Inc
Bought by
Mcandrew Michael
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Tony Prochazka
Shore 4U Real Estate
List Price
$329,900
Sold Price
$310,000
Premium/Discount to List
-$19,900
-6.03%
Current Estimated Value
$554,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,526
Avg. Annual Appreciation
9.69%
Original Mortgage
$232,500
Outstanding Balance
$152,642
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$401,884
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
Mcandrew Michael $310,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcandrew Michael $232,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2019 07/17/19 Sold $310,000 -8.8% $238 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
04/19/2019 04/19/19 Price Changed $339,900 -2.9% $260 / Sq Ft
04/17/2018 04/17/18 Price Changed $349,900 -2.8% $268 / Sq Ft
03/02/2018 03/02/18 Price Changed $359,900 +9.1% $276 / Sq Ft
03/02/2018 03/02/18 For Sale $329,900 -- $253 / 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 $4,787 $350,567 $0 $0
2024 $4,485 $321,433 $0 $0
2023 $4,108 $292,300 $146,100 $146,200
2022 $4,108 $292,300 $146,100 $146,200
2021 $4,131 $292,300 $146,100 $146,200
2020 $4,130 $292,300 $146,100 $146,200
2019 $4,158 $292,300 $146,100 $146,200
2018 $4,117 $292,300 $146,100 $146,200
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Barker

    Seller's Agent in 2019

    Jonathan Barker

    Keller Williams Realty Delmarva

    (410) 935-3810

    119 in this area

    193 Total Sales

    Jonathan Barker
    Section Image
  • Tony Prochazka

    Buyer's Agent in 2019

    Tony Prochazka

    Shore 4U Real Estate

    (443) 856-5007

    2 in this area

    5 Total Sales

    Tony Prochazka
    Section Image
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Map

Source: Bright MLS

MLS Number: 1001564644

Bright MLS

APN: 10-768995

Maryland Worcester County Ocean City 21842

1602 Philadelphia Ave Unit 110, Ocean City, MD

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