NOT LISTED FOR SALE

1607 Baltimore Ave Unit 1B Ocean City, MD 21842

Estimated Value: $350,000 - $418,000

3 Beds
1 Bath
900 Sq Ft
$313/mo HOA Fee

Last Sold December 10, 2021

Last sale price $309,000 $343 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,517/month

121 Days on Market

Highlights

  • Art Deco Architecture
  • Furnished
  • More Than Two Accessible Exits
  • Ocean City Elementary School Rated A
  • Community Pool
  • Forced Air Heating and Cooling System

About This Home

As of December 2021

Steps to the Beach and Starbucks is this first level condo inside the Sea Nymph Condominium. This walk out unit is just across the street from Starbucks, and only 1 block to the infamous Ocean City Boardwalk and Beach. Sit on your front porch and people watch, and step out to the beach in literally less than a minute. Convenient location just steps from the boardwalk and minutes to all the amusement.

Last Agent to Sell the Property

Shawn Kotwica

(724) 840-0572 shawn.kotwica@cbmove.com Coldwell Banker Realty License #653192 Listed on: 06/24/2021

Coldwell Banker Realty

Last Buyer's Agent

Ryan Eby

(443) 538-6512 ryanweby@gmail.com Corner House Realty License #678024

Corner House Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,416

Year Built

  • Built in 1960

HOA Fees

  • $313 Monthly HOA Fees

Home Design

  • Art Deco Architecture
  • Entry on the 1st floor
  • Frame Construction

Interior Spaces

  • 900 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Parking Lot
  • Off-Site Parking
  • Assigned Parking

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 1B
  • Assessor Parcel Number 10-252695

Community Details

Overview

  • Association fees include cable TV, common area maintenance, exterior building maintenance, laundry, insurance, lawn maintenance, management, pool(s), reserve funds, water, snow removal
  • Low-Rise Condominium
  • Sea Nymph Community

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,416

Year Built

Built in 1960

Lot Details

0

HOA Fees

$313 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Art Deco
  • Accessibility Features: 2+ Access Exits
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-06-24
  • Federal Flood Zone: No
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 366.56
  • Above Grade Finished Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot, Off Site

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 940.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Ext Bldg Maint, Laundry, Insurance, Lawn Maintenance, Management, Pool(s), Reserve Funds, Water, Snow Removal
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5418360
  • Tax Annual Amount: 2416.00
  • Assessor Parcel Number: 10-252695
  • Tax Lot: 1B
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Dec 9, 2021
Sold by
Wright Kelly and Vanfleet Michael
Bought by
Young Adam and Young Monica
Seller's Agent
Shawn Kotwica
Coldwell Banker Realty
Buyer's Agent
Ryan Eby
Corner House Realty
List Price
$339,000
Sold Price
$309,000
Premium/Discount to List
-$30,000
-8.85%
Current Estimated Value
$376,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,246
Avg. Annual Appreciation
5.06%
Original Mortgage
$247,200
Outstanding Balance
$226,961
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$149,285

Purchase Details

Listed on
Nov 14, 2020
Closed on
Mar 12, 2021
Sold by
Pongrazzi Kevin and Pongrazzi Valerie C
Bought by
Wright Kelly and Vanfleet Michael
Seller's Agent
Paul Chambers
Coldwell Banker Realty
Buyer's Agent
Shawn Kotwica
Coldwell Banker Realty
List Price
$295,000
Sold Price
$272,000
Premium/Discount to List
-$23,000
-7.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.54%
Original Mortgage
$204,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2015
Sold by
Coastal Vacation Properties Llc
Bought by
Pongrazzi Kevin and Pongrazzi Valerie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2008
Sold by
Zeigler Jay R and Zeigler Roni L
Bought by
Coastal Vacation Properties Llc

Purchase Details

Closed on
Jul 31, 2008
Sold by
Zeigler Jay R and Zeigler Roni L
Bought by
Coastal Vacation Properties Llc

Purchase Details

Closed on
May 9, 2008
Sold by
Harrington James J and Harrington Carol N
Bought by
Zeigler Jay R L and Zeigler Roni L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2008
Sold by
Harrington James J and Harrington Carol N
Bought by
Zeigler Jay R L and Zeigler Roni L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Young Adam $309,000 Real Estate Title & Escrow
Wright Kelly $272,000 Bright Ttl & Stlmt Svcs Llc
Pongrazzi Kevin $180,000 Title Resources Guaranty Co
Coastal Vacation Properties Llc -- --
Coastal Vacation Properties Llc -- --
Zeigler Jay R L $235,000 --
Zeigler Jay R L $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Adam $247,200
Previous Owner Wright Kelly $204,000
Previous Owner Pongrazzi Kevin $144,000
Previous Owner Zeigler Jay R L $147,000
Previous Owner Zeigler Jay R L $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/10/2021 12/10/21 Sold $309,000 -6.3% $343 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
10/09/2021 10/09/21 Price Changed $329,900 -2.7% $367 / Sq Ft
10/08/2021 10/08/21 For Sale $339,000 +9.7% $377 / Sq Ft
08/18/2021 08/18/21 Off Market $309,000 -- --
08/14/2021 08/14/21 Price Changed $339,000 -1.7% $377 / Sq Ft
06/24/2021 06/24/21 For Sale $345,000 +26.8% $383 / Sq Ft
03/12/2021 03/12/21 Sold $272,000 -7.8% $302 / Sq Ft View Prior Sale
02/10/2021 02/10/21 Pending -- -- --
11/14/2020 11/14/20 For Sale $295,000 -- $328 / 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 $2,704 $198,000 $0 $0
2024 $2,574 $184,500 $0 $0
2023 $2,403 $171,000 $85,500 $85,500
2022 $2,403 $171,000 $85,500 $85,500
2021 $2,416 $171,000 $85,500 $85,500
2020 $2,416 $171,000 $85,500 $85,500
2019 $2,433 $171,000 $85,500 $85,500
2018 $2,408 $171,000 $85,500 $85,500
2017 $2,798 $197,100 $0 $0
2016 $2,538 $197,100 $0 $0
2015 $2,538 $197,100 $0 $0
2014 $2,538 $198,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2000140

Bright MLS

APN: 10-252695