NOT LISTED FOR SALE

1604 Philadelphia Ave Unit 108 Ocean City, MD 21842

Estimated Value: $570,000 - $643,000

3 Beds
3 Baths
1,370 Sq Ft
$439/Sq Ft Est. Value

Last Sold December 20, 2018

Last sale price $335,000 $245 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,873/month

Highlights

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

About This Home

As of December 2018

Over $25,000 in Gross Rental Income for 2017! New Construction End-Unit Townhome built in 2014. Fantastic Ocean Block location with an Ocean view balcony steps from 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. Master Bedroom features Oceanview Balcony and Master Bathroom features Glass Shower. Two Guest bedrooms have vaulted ceilings. 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: 06/05/2018

Keller Williams Realty Delmarva

Last Buyer's Agent

Ashley Tapia

(410) 912-0310 ashleytapia.realtor@gmail.com Taylor Properties

Taylor Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,779

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
  • Off-Street Parking

Home Design

  • Entry on the 108th floor
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,370 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

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

Bedrooms and Bathrooms

  • 3 Bedrooms

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
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 768993

Community Details

Overview

  • Association fees include insurance, management, water
  • Condominium Association
  • Sunburst Townhouse Community

Security

  • Fire Sprinkler System

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,779

Year Built

Built in 2014 | Newly Remodeled

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • Inclusions: Exhaust Fan(s)
  • New Construction: Yes
  • Storage: Attic
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2014
  • Special Features: 4098
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Icemaker, Refrigerator, Washer
  • Entry Floor: 108
  • 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: 1370
  • Living Area Sq Ft: 1370
  • Price Per Sq Ft: 255.40
  • Above Grade Finished Sq Ft: 1370
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1

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 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: Concrete Driveway, Under Home Parking
  • Garage Features: 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
  • 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: Insurance, Management, Water
  • HOA Name: CONDOMINIUM ASSOCIATION
  • 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
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 12503550
  • Tax Annual Amount: 4778.83
  • Assessor Parcel Number: 768993
  • Tax Lot: 8
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2021
Sold by
Pagano Vincent P and Pagano Yaury D
Bought by
Costalinda Realty Llc
Current Estimated Value
$601,116

Purchase Details

Closed on
Mar 22, 2021
Sold by
Mcnally Sean M and Mcnally Karyn B
Bought by
Pagano Vincent P and Pagano Yaury D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 5, 2018
Closed on
Dec 20, 2018
Sold by
Mana Jit Inc
Bought by
Mcnally Sean M and Mcnally Karyn B
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Ashley Tapia
Taylor Properties
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%
Original Mortgage
$301,500
Interest Rate
4.9%
Mortgage Type
New Conventional
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
Costalinda Realty Llc -- None Available
Pagano Vincent P $395,000 None Available
Mcnally Sean M $335,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pagano Vincent P $316,000
Previous Owner Mcnally Sean M $301,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2018 12/20/18 Sold $335,000 -4.3% $245 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $349,900 -- $255 / 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 $5,531 $405,033 $0 $0
2024 $5,186 $371,667 $0 $0
2023 $4,769 $338,300 $169,100 $169,200
2022 $4,754 $338,300 $169,100 $169,200
2021 $4,781 $338,300 $169,100 $169,200
2020 $4,780 $338,300 $169,100 $169,200
2019 $4,813 $338,300 $169,100 $169,200
2018 $4,765 $338,300 $169,100 $169,200
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Barker

    Seller's Agent in 2018

    Jonathan Barker

    Keller Williams Realty Delmarva

    (410) 935-3810

    119 in this area

    193 Total Sales

    Jonathan Barker
    Section Image

  • A

    Buyer's Agent in 2018

    Ashley Tapia

    Taylor Properties

    Section Image
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Map

Source: Bright MLS

MLS Number: 1001783870

Bright MLS

APN: 10-768993

Maryland Worcester County Ocean City 21842

1604 Philadelphia Ave Unit 108, Ocean City, MD

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