NOT LISTED FOR SALE

181 Jamestown Rd Unit 3 Ocean City, MD 21842

Estimated Value: $456,232 - $478,000

2 Beds
2 Baths
936 Sq Ft
$242/mo HOA Fee

Last Sold July 28, 2021

Last sale price $400,000 $427 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,030/month

3 Days on Market

Highlights

  • Private Dock Site
  • Pier or Dock
  • Canoe or Kayak Water Access
  • Ocean City Elementary School Rated A
  • Home fronts navigable water
  • Fishing Allowed

About This Home

As of July 2021

DIRECT BAYFRONT CONDO WITH PRIVATE BOAT SLIP/BOAT LIFT - Enjoy beautiful sunsets right from your balcony. This 2 bedroom/2 Bath condo has it all. Master bedroom has a sleep number king bed, Bedroom 2 has a queen and a twin bed. Each bedroom and living room has flat screen TV's Deeded/assigned boat slip, with remote control electric boat lift (23ft or smaller). Direct Bay views. Condo has been completely renovated in 2016. Appliances only 5 years old (Kenmore refrigerator, stove and dishwasher/Samsung microwave. New water heater in 2017, new A/C 2020, New pellet stove 2018, New Master Bedroom balcony built in 2021. Hurricane Proof Slider and all railing have been newly painted in 2021. Unit also has small storage/beach box on dock and storage closed on balcony. Unit has a front secured entrance and a bayside entrance. Condo also has a community jet ski lift. You can fish and crab right from your dock while watching the beautiful views. All furniture and appliances included in sale. Unit excludes Balcony furniture, art work and boat. This direct Bayfront unit is truly a must see. This Unit has never been rented, being sold AS-IS, and comes with a 1yr home warranty for the buyer. (Boat slip tax Id #10-7294)

Last Agent to Sell the Property

Tamara Horseman

(410) 629-0200 tamarahorsema005@gmail.com Sheppard Realty Inc License #534390 Listed on: 06/24/2021

Last Buyer's Agent

Ed Balcerzak

(443) 497-4746 opsales@comcast.net Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0014171

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,107

Year Built

  • Built in 1973

HOA Fees

  • $242 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 936 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • 1 Fireplace
  • Double Door Entry
  • Living Room
  • Dining Room
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • Assigned parking located at #3
  • On-Street Parking
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Waterski or Wakeboard
  • Private Dock Site
  • Powered Boats Permitted

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Home fronts navigable water
  • Flood Risk

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 3
  • Assessor Parcel Number 10-132401

Community Details

Overview

  • Association fees include common area maintenance, management, pier/dock maintenance
  • Low-Rise Condominium
  • Watergate (Jamestown) Community
  • Watergate Subdivision

Recreation

  • Pier or Dock
  • Fishing Allowed

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,107

Year Built

Built in 1973

Lot Details

0

HOA Fees

$242 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: Balcony Furniture, knick knacks, artwork, boat and chair in Master Bedroom.
  • Home Warranty: Yes
  • Inclusions: All furniture and appliances included.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Assigned Parking Space Numbers: 3
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Fireplaces Count: 1
  • Door Features: Double Entry, Storm
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Bathroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 936
  • Living Area Sq Ft: 936
  • Price Per Sq Ft: 427.35
  • Above Grade Finished Sq Ft: 936
  • 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, Concrete
  • Water Access Features: Waterski/Wakeboard, Private Access, Personal Watercraft (PWC), Fishing Allowed, Canoe/Kayak, Boat - Powered
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1450.00
  • Condo Co-Op Fee Frequency: Semi-Annually
  • HOA Condo Co-Op Amenities: Pier/Dock, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pier/Dock Maintenance
  • HOA: No
  • Senior Community: 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 INTERMEDIATE SCHOOL

Green Features

  • Clean Green Assessed: No

Lot Info

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

Rental Info

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

Tax Info

  • Assessor Parcel Number: 5408128
  • Tax Annual Amount: 3107.00
  • Assessor Parcel Number: 10-132401
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Private Dock Site

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
Jul 28, 2021
Sold by
Roache Alice P and Roache Philip
Bought by
Schwartz Philip W
Seller's Agent
Tamara Horseman
Sheppard Realty Inc
Buyer's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$466,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,558
Avg. Annual Appreciation
3.59%
Original Mortgage
$255,000
Outstanding Balance
$232,220
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$234,338

Purchase Details

Closed on
Jul 24, 2015
Sold by
Rupp Katherine and Tarburton Peggy M
Bought by
Roache Alice P and Roache Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,200
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2004
Sold by
Rupp Walter E and Rupp Katherine M
Bought by
Earl Rupp Walter and Life Katherine M Rupp, For

Purchase Details

Closed on
Apr 17, 1991
Sold by
Mcnair Peter and Mcnair Marlene C
Bought by
Rupp Walter E and Rupp Katherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,500
Interest Rate
9.48%

Purchase Details

Closed on
Nov 25, 1986
Sold by
Ridenour Charlotte S
Bought by
Mcnair Peter and Mcnair Marlene C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,000
Interest Rate
9.64%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schwartz Philip W $405,000 Capitol Title Group
Roache Alice P $214,000 First American Title Ins Co
Earl Rupp Walter -- --
Rupp Walter E $80,900 --
Mcnair Peter $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz Philip W $255,000
Previous Owner Roache Alice P $171,200
Previous Owner Rupp Walter E $60,500
Previous Owner Mcnair Peter $58,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2021 07/28/21 Sold $400,000 0.0% $427 / Sq Ft
06/28/2021 06/28/21 Off Market $400,000 -- --
06/27/2021 06/27/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $400,000 -- $427 / 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 $4,004 $293,233 $0 $0
2024 $3,417 $244,867 $0 $0
2023 $2,762 $196,500 $98,200 $98,300
2022 $2,762 $196,500 $98,200 $98,300
2021 $2,777 $196,500 $98,200 $98,300
2020 $2,889 $219,900 $109,900 $110,000
2019 $2,897 $203,667 $0 $0
2018 $2,640 $187,433 $0 $0
2017 $2,431 $171,200 $0 $0
2016 -- $171,200 $0 $0
2015 $2,830 $171,200 $0 $0
2014 $2,830 $182,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tamara Horseman

    Sheppard Realty Inc

    Section Image
  • Ed Balcerzak

    Buyer's Agent in 2021

    Ed Balcerzak

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 497-4746

    62 in this area

    191 Total Sales

    Ed Balcerzak
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2000154

Bright MLS

APN: 10-132401

Maryland Worcester County Ocean City 21842

181 Jamestown Rd Unit 3, Ocean City, MD

Not Listed for Sale

Condos

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