NOT LISTED FOR SALE

161 Captains Quarters Rd Unit 1003 Ocean City, MD 21842

Estimated Value: $429,219 - $442,000

3 Beds
2.5 Baths
1,120 Sq Ft
$389/Sq Ft Est. Value

Last Sold September 22, 2023

Last sale price $425,060 $380 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,908/month

17 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • Electric Baseboard Heater
  • Ocean City Elementary School Rated A
  • 1 Car Attached Garage

About This Home

As of September 2023

List price to be opening bid. Online auction to be conducted on Auctioneers website. Online registration & bidding begins Saturday, August 12th and ends Thursday, August 17, 2023 at 12:00PM. Great Opportunity to purchase an updated End-of-Row Townhouse in Ocean City with 3 bedrooms and 2 ½ baths; located within the Harbor Sails Townhouses. The property is not occupied and was used as a 2nd family home, but rarely used since the current owners made their purchase. The balconies off each level offers views of the community pool and tennis courts. The sale will include most of the furniture and household items inside the property. The unit is move-in ready; so just after settlement pack your suitcase, tennis racket and bathing suits and enjoy your new purchase. Location: Enjoy the North Ocean City neighborhood nearer the bay-side, that offers a quieter coastal lifestyle. You can take a short drive to Route 50; where there are restaurants, shopping, OC Beaches and more. The board walk is approx. 6.5 miles south and the MD/DE line is approx. 2.5 miles north. On the street level there is a 1 car garage and additional community parking. The unit has a living room, kitchen, dining area, 3 bedrooms and 2 ½ baths. Features include laminated wood floors, updated kitchen and bathrooms, laundry area with stacked units, recessed lighting, ceiling fans, front and rear balconies, stainless steel appliances, a kitchen island, and more. The condo association is charging a $1,000 Special Assessment Fee that is due October 1, 2023. Contact your real estate agent to arrange a showing!

Last Agent to Sell the Property

Larry Cooper

(410) 977-4708 Larry@alexcooper.com Alex Cooper Auctioneers, Inc. Listed on: 07/31/2023

Last Buyer's Agent

Shannon Smith

(302) 539-2900 shannonsmith@northroprealty.com Northrop Realty License #RA0020415

Northrop Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,257

Year Built

  • Built in 1985

HOA Fees

  • $333 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,120 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 3 Bedrooms

Location

  • Flood Risk

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 2410319781

Community Details

Overview

  • $1,000 Other One-Time Fees
  • Legum & Norman Condos
  • Harbor Sails Community

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,257

Year Built

Built in 1985

Lot Details

0

HOA Fees

$333 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Special Features: Auction
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Foundation Details: Other
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 1120
  • Living Area Sq Ft: 1120
  • Price Per Sq Ft: 178.57
  • Above Grade Finished Sq Ft: 1120
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

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

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1000.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Legum & Norman
  • HOA: No
  • Senior Community: No

Fee Information

  • Other Fees: 1000.00
  • Other Fees Frequency: One Time

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2257.00
  • Assessor Parcel Number: 2410319781
  • Tax Lot: 10
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2023
Closed on
Sep 22, 2023
Sold by
Marino John P and Marino Angela M
Bought by
Mazzone Rhema and Mazzone Greg
Seller's Agent
Larry Cooper
Alex Cooper Auctioneers, Inc.
Buyer's Agent
Shannon Smith
Northrop Realty
List Price
$200,000
Sold Price
$425,060
Premium/Discount to List
$225,060
112.53%
Views
1376
Current Estimated Value
$436,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,995
Avg. Annual Appreciation
1.16%
Original Mortgage
$318,795
Outstanding Balance
$290,503
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$145,552

Purchase Details

Listed on
Apr 24, 2021
Closed on
Jun 11, 2021
Sold by
Kilma Christopher and Kilma Ashley
Bought by
Marino John P and Marino Angela M
Seller's Agent
Georgia Rodriguez
ExecuHome Realty
Buyer's Agent
Kelley Bjorkland
Coldwell Banker Realty
List Price
$324,999
Sold Price
$320,000
Premium/Discount to List
-$4,999
-1.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.26%
Original Mortgage
$288,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2020
Sold by
Barton James
Bought by
Klima Christopher and Klima Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2015
Sold by
Douglas Duane B and Douglas Holly M
Bought by
Barton James

Purchase Details

Closed on
Apr 29, 2010
Sold by
Douglas Duane B
Bought by
Douglas Duane B and Douglas Holly M

Purchase Details

Closed on
Jan 6, 1999
Sold by
Green Patrick G and Green Claire E
Bought by
Douglas Duane B

Purchase Details

Closed on
May 31, 1990
Sold by
Artrip Harold D and Artrip Mary J
Bought by
Green Patrick G and Green Claire E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,900
Interest Rate
10.33%
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
Mazzone Rhema $425,060 Capitol Title
Mazzone Rhema $425,060 Capitol Title
Marino John P $320,000 Real Estate Title & Escrow
Klima Christopher $165,000 None Available
Barton James $161,000 Real Estate Title & Escrow L
Douglas Duane B -- --
Douglas Duane B $89,000 --
Green Patrick G $83,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mazzone Rhema $318,795
Closed Mazzone Rhema $318,795
Previous Owner Marino John P $288,000
Previous Owner Klima Christopher $148,500
Previous Owner Green Patrick G $48,900
Closed Douglas Duane B --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/22/2023 09/22/23 Sold $425,060 +112.5% $380 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $200,000 -37.5% $179 / Sq Ft
06/11/2021 06/11/21 Sold $320,000 -1.5% $286 / Sq Ft View Prior Sale
04/27/2021 04/27/21 Pending -- -- --
04/24/2021 04/24/21 For Sale $324,999 0.0% $290 / Sq Ft
04/24/2021 04/24/21 Price Changed $324,999 -- $290 / 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 $3,369 $246,700 $0 $0
2024 $2,838 $203,400 $0 $0
2023 $2,250 $160,100 $80,000 $80,100
2022 $2,250 $160,100 $80,000 $80,100
2021 $2,262 $160,100 $80,000 $80,100
2020 $2,262 $160,100 $80,000 $80,100
2019 $2,278 $160,100 $80,000 $80,100
2018 $2,255 $160,100 $80,000 $80,100
2017 $2,416 $170,200 $0 $0
2016 $2,352 $170,200 $0 $0
2015 $2,352 $170,200 $0 $0
2014 $2,352 $170,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2015474

Bright MLS

APN: 10-319781