NOT LISTED FOR SALE

18 69th St Unit 3 Ocean City, MD 21842

Estimated Value: $380,000 - $416,787

2 Beds
2 Baths
930 Sq Ft
$233/mo HOA Fee

Last Sold December 06, 2019

Last sale price $205,000 $220 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,656/month

Highlights

  • Traditional Architecture
  • 1 Fireplace
  • Doors swing in
  • Ocean City Elementary School Rated A
  • No Interior Steps
  • Dogs and Cats Allowed

About This Home

As of December 2019

Major price reduction below tax assessed value for this oceanside condo with many upgrades to the interior, newer patio sliding doors & blinds, refrigerator, heat pump & thermostat. The living room offers a working fireplace for those cooler off season nights. Convenient covered parking right next to your front door. This building just got a face lift a couple years ago, no special assessments forthcoming. Summer Palace offers a location on 69th street making it very close to many of Ocean City's most unique restaurants and shops. This unit is not located directly on Coastal Highway...3rd unit back. Enjoy the sights & sounds of the beach in Ocean City with this inexpensive & solid property. Easy to show! Price is firm and property sold as is. Must take settlement on or before 12/01/20.

Last Agent to Sell the Property

Jeffrey Beres

(443) 614-3488 jeff.beres@cbmove.com Meredith Fine Properties License #608037 Listed on: 07/17/2019

Last Buyer's Agent

Tracey Sapia

(443) 859-4190 tracey@ryanhaley.com Atlantic Sands Realty

Atlantic Sands Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,998

Year Built

  • Built in 1982

HOA Fees

  • $233 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Stick Built Home
  • Masonry
  • Stucco

Interior Spaces

  • 930 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Accessible Home Design

  • Doors swing in
  • No Interior Steps

Location

  • Flood Risk

Schools

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

Utilities

  • Heat Pump System
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 8678
  • Assessor Parcel Number 10-230942

Community Details

Overview

  • Low-Rise Condominium
  • Summer Palace Community

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,998

Year Built

Built in 1982

Lot Details

0

HOA Fees

$233 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Traditional
  • Accessibility Features: Doors - Swing In, No Stairs
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Fireplaces Count: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 930
  • Living Area Sq Ft: 930
  • Price Per Sq Ft: 225.27
  • Above Grade Finished Sq Ft: 930
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Masonry, Stick Built, Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 233.10
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5416455
  • Tax Annual Amount: 2998.45
  • Assessor Parcel Number: 10-230942
  • Tax Lot: 8678
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Dec 5, 2019
Sold by
Malley John A O and Malley Joanne K O
Bought by
Willis Michelle M
Seller's Agent
Jeffrey Beres
Meredith Fine Properties
Buyer's Agent
Tracey Sapia
Atlantic Sands Realty
List Price
$219,900
Sold Price
$205,000
Premium/Discount to List
-$14,900
-6.78%
Current Estimated Value
$398,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,197
Avg. Annual Appreciation
11.91%
Original Mortgage
$164,000
Outstanding Balance
$111,717
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$286,480

Purchase Details

Closed on
Oct 19, 2010
Sold by
Seifert Lorne G
Bought by
Omalley John A and Omalley Joanne K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2003
Sold by
Lee Hale Roger and Lee Bonita W
Bought by
Seifert Lorne G and Yvonne M Seifert Trustees

Purchase Details

Closed on
Feb 14, 2002
Sold by
Foehrkolb Helena M
Bought by
Hale Roger Lee and Hale Bonita W

Purchase Details

Closed on
Nov 16, 1995
Sold by
Foehrkolb Helena M
Bought by
Foehrkolb Helena M
Source: Public Records

Range of Values:

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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
Willis Michelle M $205,000 Maryland Title Services
Omalley John A $220,000 --
Seifert Lorne G $247,900 --
Hale Roger Lee $154,000 --
Foehrkolb Helena M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Willis Michelle M $164,000
Previous Owner Omalley John A $155,000
Closed Hale Roger Lee --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2019 12/06/19 Sold $205,000 -2.1% $220 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
10/15/2019 10/15/19 Price Changed $209,500 -1.4% $225 / Sq Ft
10/07/2019 10/07/19 Price Changed $212,500 -1.1% $228 / Sq Ft
08/29/2019 08/29/19 Price Changed $214,900 -2.3% $231 / Sq Ft
07/17/2019 07/17/19 For Sale $219,900 -- $236 / 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 $4,064 $297,600 $0 $0
2024 $3,634 $260,400 $0 $0
2023 $3,137 $223,200 $111,600 $111,600
2022 $3,137 $223,200 $111,600 $111,600
2021 $3,154 $223,200 $111,600 $111,600
2020 $3,154 $223,200 $111,600 $111,600
2019 $3,007 $211,400 $0 $0
2018 $2,811 $199,600 $0 $0
2017 $2,666 $187,800 $0 $0
2016 -- $187,800 $0 $0
2015 $2,801 $187,800 $0 $0
2014 $2,801 $198,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Beres

    Seller's Agent in 2019

    Jeffrey Beres

    Meredith Fine Properties

    (443) 614-3488

    14 in this area

    14 Total Sales

    Jeffrey Beres
    Section Image
  • Tracey Sapia

    Buyer's Agent in 2019

    Tracey Sapia

    Atlantic Sands Realty

    (443) 859-4190

    14 in this area

    21 Total Sales

    Tracey Sapia
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO107770

Bright MLS

APN: 10-230942

Maryland Worcester County Ocean City 21842

18 69th St Unit 3, Ocean City, MD

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