NOT LISTED FOR SALE

Estimated Value: $699,000 - $748,000

2 Beds
2 Baths
1,024 Sq Ft
1972 Built

Sale Details

Date Sold: May 10, 2019

Last sale price $401,000 $392 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,876 / mo

142 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Oceanside
  • Ocean City Elementary School Rated A
  • Water Access
  • Furnished

About This Home

As of May 2019

Direct oceanfront two bedrooms and twocondo on the famous boardwalk. Great unit in sturdy masonry building. Excellent views up and down the beach. Extra large balcony to watch the sites and sounds of the boardwalk. Condo is being sold fully furnished. Excellent rental income property. Watch the sunrise every morning and fall a sleep to the soothing sounds of the ocean.

Last Agent to Sell the Property

Bud Church

(410) 524-7888 bchurch565@aol.com Coldwell Banker Bud Church Realty,Inc. License #33749 Listed on: 11/28/2018

Coldwell Banker Bud Church Realty,Inc.

Last Buyer's Agent

Nicholas Bobenko

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC

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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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,535

Year Built

  • Built in 1972

HOA Fees

  • $494 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,024 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Parking Lot
  • Off-Street Parking
  • 1 Assigned Parking Space

Outdoor Features

  • Water Access
  • Oceanside
  • Balcony

Schools

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

Utilities

  • 90% Forced Air Heating and Cooling System
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Flood Risk

Community Details

  • Association fees include common area maintenance, exterior building maintenance
  • Mid-Rise Community
  • Ocean Hideaway Community

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 3011
  • Assessor Parcel Number 10-042658

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,535

Year Built

Built in 1972

Lot Details

0 Sq Ft Lot

HOA Fees

$494 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
  • Interior Amenities: Carpet, Combination Dining/Living, Elevator, Dining Area
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1024
  • Living Area Sq Ft: 1024
  • Price Per Sq Ft: 400.29
  • Above Grade Finished Sq Ft: 1024
  • 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: Stucco
  • Roof: Built-Up
  • View: Ocean
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Parking Lot, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5926.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint
  • 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: STEPHEN DECATUR

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Zoning: R-3
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5400644
  • Tax Annual Amount: 5535.00
  • Assessor Parcel Number: 10-042658
  • Tax Lot: 3011
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2018
Closed on
May 10, 2019
Sold by
Simms John W
Bought by
Seller's Agent
Bud Church
Coldwell Banker Bud Church Realty,Inc.
Buyer's Agent
Nicholas Bobenko
Coastal Life Realty Group LLC
List Price
$439,900
Sold Price
$401,000
Premium/Discount to List
-$38,900
-8.84%
Current Estimated Value
$725,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,840
Avg. Annual Appreciation
8.46%
Original Mortgage
$300,750
Outstanding Balance
$254,765
Interest Rate
3.34%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$471,075

Purchase Details

Closed on
Apr 5, 2015
Sold by
Simms John W and Simms Deborah K
Bought by
Simms John W

Purchase Details

Closed on
May 19, 2008
Sold by
Adeline Bradford Mary
Bought by
Simms John W and Simms Deborah K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 6, 2007
Sold by
Knowles Phyllis M
Bought by
Adeline Bradford Mary

Purchase Details

Closed on
Jun 18, 2004
Sold by
Orem Dorothy D
Bought by
Knowles Phyllis M and Trust Co Na C

Purchase Details

Closed on
Nov 21, 2003
Sold by
Nicholas Orem
Bought by
Orem Dorothy D

Purchase Details

Closed on
Feb 25, 1997
Sold by
Nicholas Orem
Bought by
Nicholas Orem and Revocable Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ocean City, MD

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$401,000 Dba Real Estate T&E
Simms John W -- None Available
Simms John W $585,000 --
Adeline Bradford Mary -- --
Knowles Phyllis M -- --
Orem Dorothy D -- --
Nicholas Orem -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,750
Previous Owner Simms John W $288,000
Previous Owner Simms John W $468,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/10/2019 05/10/19 Sold $401,000 -2.2% $392 / Sq Ft
04/19/2019 04/19/19 Pending -- -- --
04/02/2019 04/02/19 Price Changed $409,900 -6.8% $400 / Sq Ft
11/28/2018 11/28/18 For Sale $439,900 -- $430 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,357 $496,600 $347,600 $149,000
2025 $6,357 $465,533 $0 $0
2024 $6,062 $434,467 $0 $0
2023 $5,669 $403,400 $282,300 $121,100
2022 $5,669 $403,400 $282,300 $121,100
2021 $5,700 $403,400 $282,300 $121,100
2020 $5,700 $403,400 $282,300 $121,100
2019 $5,574 $391,800 $0 $0
2018 $5,205 $380,200 $0 $0
2017 $4,994 $368,600 $0 $0
2016 -- $356,667 $0 $0
2015 -- $344,733 $0 $0
2014 $5,960 $332,800 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: MDWO101300

Bright MLS

APN: 10-042658

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