Belmont Towers 2 Dorchester St Unit 507 Ocean City, MD 21842
3
Beds
2.5
Baths
1,489
Sq Ft
$685/mo
HOA Fee
Highlights
- Fitness Center
- Coastal Architecture
- Community Pool
- Ocean City Elementary School Rated A
- Sauna
- Putting Green
About This Home
As of April 2025WELCOME to the Premier building in Ocean City. Currently managed by OC Beachfront Rentals who guarantees $60,000.00 NET! ZERO FEES! Collect $5,000 at closing and every month after! Amazing investment opportunity. Beautiful 3 bedroom 2.5 bath with massive balcony and BRAND NEW HARDWOOD FLOORS, in PRIME Dorchester street and Boardwalk location. Includes gated parking for 2 vehicles and large storage unit. One of the BEST run buildings in Ocean City.
Last Agent to Sell the Property
TTR Sotheby's International Realty Listed on: 03/18/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,679
Year Built
- Built in 2007
HOA Fees
- $685 Monthly HOA Fees
Parking
- 2 Assigned Parking Garage Spaces
- Parking Storage or Cabinetry
- Side Facing Garage
- Garage Door Opener
- Parking Lot
Home Design
- Coastal Architecture
- Stucco
Interior Spaces
- 1,489 Sq Ft Home
- Property has 1 Level
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 507
- Assessor Parcel Number 2410757843
Community Details
Overview
- Association fees include gas, management, pool(s), recreation facility, sauna, snow removal, sewer, trash, parking fee, exterior building maintenance, common area maintenance
- Mid-Rise Condominium
- Belmont Towers Condos
- Belmont Towers Community
Amenities
- Common Area
- Meeting Room
- Elevator
Recreation
- Putting Green
Pet Policy
- Dogs and Cats Allowed
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 19, 2025
Closed on
Apr 11, 2025
Sold by
2 Dorchester St 507 Llc
Bought by
Rizer Traci Lynn
Seller's Agent
John Williams
VRA Realty
Buyer's Agent
Michelle Abplanalp
Rosendale Realty
List Price
$885,000
Sold Price
$891,000
Premium/Discount to List
$6,000
0.68%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,729
Avg. Annual Appreciation
10.12%
Original Mortgage
$668,250
Outstanding Balance
$666,518
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$253,291
Purchase Details
Listed on
Mar 18, 2022
Closed on
Apr 24, 2022
Sold by
Marshall Charles R
Bought by
2 Dorchester St 507 Llc
Seller's Agent
Steven Lasik
TTR Sotheby's International Realty
Buyer's Agent
John Williams
VRA Realty
List Price
$839,000
Sold Price
$821,500
Premium/Discount to List
-$17,500
-2.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.78%
Purchase Details
Listed on
Nov 30, 2018
Closed on
Dec 6, 2019
Sold by
Wilson Donna M
Bought by
Marshall Charles R and Marshall Phetsomboune T
Seller's Agent
Jay Phillips
Holiday Real Estate
Buyer's Agent
Steven Lasik
TTR Sotheby's International Realty
List Price
$598,000
Sold Price
$550,000
Premium/Discount to List
-$48,000
-8.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.20%
Original Mortgage
$412,500
Interest Rate
3.7%
Mortgage Type
Stand Alone Second
Purchase Details
Closed on
Feb 12, 2014
Sold by
Dorchester Street Llc
Bought by
Wilson Donna M
Similar Homes in Ocean City, MD
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $891,000 | Atlantic Title Group | |
| Deed | $891,000 | Atlantic Title Group | |
| Deed | $821,500 | Fidelity National Title | |
| Deed | $550,000 | Kvs Title Llc | |
| Deed | $533,060 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $668,250 | New Conventional | |
| Closed | $668,250 | New Conventional | |
| Previous Owner | $412,500 | Stand Alone Second |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Sold | $891,000 | 0.0% | $605 / Sq Ft |
| 03/24/2025 03/24/25 | Price Changed | $891,000 | +0.7% | $605 / Sq Ft |
| 03/19/2025 03/19/25 | For Sale | $885,000 | +7.7% | $601 / Sq Ft |
| 04/29/2022 04/29/22 | Sold | $821,500 | -2.1% | $552 / Sq Ft |
| 03/30/2022 03/30/22 | Pending | -- | -- | -- |
| 03/18/2022 03/18/22 | For Sale | $839,000 | +52.5% | $563 / Sq Ft |
| 12/06/2019 12/06/19 | Sold | $550,000 | -8.0% | $369 / Sq Ft |
| 11/04/2019 11/04/19 | Pending | -- | -- | -- |
| 10/19/2019 10/19/19 | For Sale | $598,000 | 0.0% | $402 / Sq Ft |
| 09/30/2019 09/30/19 | Pending | -- | -- | -- |
| 09/25/2019 09/25/19 | Price Changed | $598,000 | 0.0% | $402 / Sq Ft |
| 09/25/2019 09/25/19 | For Sale | $598,000 | +8.7% | $402 / Sq Ft |
| 04/24/2019 04/24/19 | Off Market | $550,000 | -- | -- |
| 04/15/2019 04/15/19 | Price Changed | $625,000 | -2.0% | $420 / Sq Ft |
| 03/11/2019 03/11/19 | Price Changed | $638,000 | -0.2% | $428 / Sq Ft |
| 02/25/2019 02/25/19 | Price Changed | $639,000 | -0.9% | $429 / Sq Ft |
| 02/16/2019 02/16/19 | Price Changed | $645,000 | -0.6% | $433 / Sq Ft |
| 12/29/2018 12/29/18 | Price Changed | $649,000 | -3.0% | $436 / Sq Ft |
| 11/30/2018 11/30/18 | For Sale | $669,000 | -- | $449 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $7,944 | $595,200 | $0 | $0 |
| 2024 | $7,944 | $569,300 | $0 | $0 |
| 2023 | $7,637 | $543,400 | $271,700 | $271,700 |
| 2022 | $7,637 | $543,400 | $271,700 | $271,700 |
| 2021 | $7,679 | $543,400 | $271,700 | $271,700 |
| 2020 | $7,074 | $543,400 | $271,700 | $271,700 |
| 2019 | $7,095 | $498,733 | $0 | $0 |
| 2018 | $6,395 | $454,067 | $0 | $0 |
| 2017 | $5,812 | $409,400 | $0 | $0 |
| 2016 | -- | $409,400 | $0 | $0 |
| 2015 | $6,397 | $409,400 | $0 | $0 |
| 2014 | $6,397 | $409,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
John Williams
VRA Realty
(610) 406-7905
2 in this area
125 Total Sales
-
Buyer's Agent in 2025
Michelle Abplanalp
Rosendale Realty
(443) 496-4255
1 in this area
82 Total Sales
-
Seller's Agent in 2022
Steven Lasik
TTR Sotheby's International Realty
(703) 371-0085
10 in this area
19 Total Sales
-
Seller's Agent in 2019
Jay Phillips
Holiday Real Estate
(410) 726-8631
31 in this area
165 Total Sales
About Belmont Towers
Map
Source: Bright MLS
MLS Number: MDWO2006562
APN: 10-757843
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