NOT LISTED FOR SALE

Estimated Value: $241,918 - $254,000

1 Bed
1 Bath
548 Sq Ft
$215/ mo HOA Fee

Last Sold November 30, 2023

Last sale price $233,000 $425 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,718/month

166 Days on Market

Highlights

  • Ocean View
  • Water Oriented
  • Combination Kitchen and Living
  • Ocean City Elementary School Rated A
  • Coastal Architecture
  • Eat-In Kitchen

About This Home

As of November 2023

Back to active as buyers financing fell through. This lovely bayside condo is in a perfect OC location, close to every amenity you may need! Enjoy stunning sunsets over the bay and even catch a glimpse of the ocean from the spacious deck. Recently updated 2022, this condo is ready to be enjoyed immediately! Established rental history, new LVP flooring, upgraded bathroom and lighting fixtures. Come see your new Ocean City condo! Property is primarily used as a short term rental and grosses approximately $25,000 a year in rental income.

Last Agent to Sell the Property

Ryan Eby

(443) 499-3839 aj@cornerhouserealty.com Corner House Realty License #678024 Listed on: 05/26/2023

Corner House Realty

Last Buyer's Agent

Shelley Mastro

(703) 754-4341 workwithremax@gmail.com RE/MAX Real Estate Connections License #0225079842

RE/MAX Real Estate Connections

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,706

Year Built

  • Built in 1985 | Remodeled in 2022

Lot Details

  • Property is in excellent condition

HOA Fees

  • $215 Monthly HOA Fees

Property Views

Home Design

  • Coastal Architecture
  • Entry on the 4th floor

Interior Spaces

  • 548 Sq Ft Home
  • Property has 4 Levels
  • Ceiling Fan
  • Combination Kitchen and Living
  • Luxury Vinyl Plank Tile Flooring
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot

Outdoor Features

  • Water Oriented
  • Property near a bay

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 405
  • Assessor Parcel Number 2410293316

Community Details

Overview

  • Association fees include cable TV, common area maintenance, exterior building maintenance, insurance, lawn maintenance, reserve funds
  • Low-Rise Condominium
  • Jamaica Daybreak I Community

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,706

Year Built

Built in 1985 | Remodeled in 2022

Lot Details

0 Sq Ft Lot

HOA Fees

$215 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Ownership: Condominium
  • Exclusions: Personal Items and decorative items
  • Historic: No
  • Inclusions: Bedroom furniture, sleeper sofa, TVs, entertainment center, living room chairs and all outdoor furniture.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1985
  • Year Renovated: 2022
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 4
  • Flooring Type: Luxury Vinyl Plank
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Living, Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 4
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 548
  • Living Area Sq Ft: 548
  • Price Per Sq Ft: 456.02
  • Above Grade Finished Sq Ft: 548
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Spa: No
  • View: Bay, Ocean
  • Water Access: No
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 215.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Cable, Common Grounds
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Reserve Funds
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Zoning: C-1
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Total Actual Rent: 25000.00
  • Vacation Rental: Yes
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 1706.00
  • Assessor Parcel Number: 2410293316
  • Tax Lot: 405
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2023

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2023
Closed on
Nov 30, 2023
Sold by
Eby Ryan W
Bought by
Magnolia Grove Llc
Seller's Agent
Ryan Eby
Corner House Realty
Buyer's Agent
Shelley Mastro
RE/MAX Real Estate Connections
List Price
$249,999
Sold Price
$233,000
Premium/Discount to List
-$16,999
-6.8%
Views
279
Current Estimated Value
$247,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,980
Avg. Annual Appreciation
2.75%

Purchase Details

Listed on
Feb 17, 2022
Closed on
Apr 22, 2022
Sold by
Manuel Vazquez Jose
Bought by
Eby Ryan W
Seller's Agent
Chelsea Tull
Coldwell Banker Realty
Buyer's Agent
Ryan Eby
Corner House Realty
List Price
$211,000
Sold Price
$215,000
Premium/Discount to List
$4,000
1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%
Original Mortgage
$193,500
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2008
Sold by
Mcfaul Laurie M
Bought by
Manuel Vazquez Jose and Vazquez Herminia

Purchase Details

Closed on
Mar 8, 2008
Sold by
Mcfaul Laurie M
Bought by
Manuel Vazquez Jose and Vazquez Herminia

Purchase Details

Closed on
Aug 26, 2005
Sold by
Papale James A and Papale Betty S
Bought by
Mcfaul Laurie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 1996
Sold by
Burton Daniel B and Burton Alberta L
Bought by
Papale James A and Papale Betty S
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
Magnolia Grove Llc $233,000 None Listed On Document
Eby Ryan W $215,000 First American Title
Manuel Vazquez Jose $175,000 --
Manuel Vazquez Jose $175,000 --
Mcfaul Laurie M $195,000 --
Papale James A $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eby Ryan W $193,500
Previous Owner Mcfaul Laurie M $156,000
Previous Owner Mcfaul Laurie M $39,000
Closed Papale James A --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2023 11/30/23 Sold $233,000 -6.8% $425 / Sq Ft
11/08/2023 11/08/23 Pending -- -- --
08/30/2023 08/30/23 Price Changed $249,900 0.0% $456 / Sq Ft
08/28/2023 08/28/23 For Sale $249,999 +7.3% $456 / Sq Ft
07/06/2023 07/06/23 Off Market $233,000 -- --
06/03/2023 06/03/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $249,999 +16.3% $456 / Sq Ft
04/22/2022 04/22/22 Sold $215,000 +1.9% $392 / Sq Ft View Prior Sale
03/21/2022 03/21/22 Pending -- -- --
03/17/2022 03/17/22 Price Changed $211,000 0.0% $385 / Sq Ft
03/17/2022 03/17/22 For Sale $211,000 +3.2% $385 / Sq Ft
02/22/2022 02/22/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $204,500 -- $373 / Sq Ft
Source: Bright MLS

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 $2,561 $187,533 $0 $0
2024 $2,214 $158,667 $0 $0
2023 $1,824 $129,800 $64,900 $64,900
2022 $1,701 $121,033 $0 $0
2021 $1,586 $112,267 $0 $0
2020 $1,468 $103,500 $51,700 $51,800
2019 $1,472 $103,500 $51,700 $51,800
2018 $1,458 $103,500 $51,700 $51,800
2017 $1,525 $107,400 $0 $0
2016 -- $107,400 $0 $0
2015 $1,887 $107,400 $0 $0
2014 $1,887 $131,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2014258

Bright MLS

APN: 10-293316

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