Seller's Agent in 2023
Mia McCarthy
Keller Williams Realty Delmarva
(443) 497-0182
30 in this area
66 Total Sales
205 5th St Unit 43 Ocean City, MD 21842
Estimated Value: $160,000 - $186,000
1
Bed
1
Bath
289
Sq Ft
$310/mo
HOA Fee
Highlights
- Community Pool
- Cottage
- Electric Baseboard Heater
- Ocean City Elementary School Rated A
- Multiple cooling system units
- 4-minute walk to 3rd Street Playground
About This Home
As of July 2023An Ocean City, Maryland BEST BUY! A rare opportunity to own in Ocean City, Maryland UNDER $200K! Cute 1 bedroom being sold TURN-KEY with ALL furnishings! Located downtown in small complex with community, outdoor pool. Currently used as a STR (Short Term Rental). Just around the corner from one of Ocean City's largest open space parks with basket ball courts, playground and skate park. Just a quick stroll to the boardwalk, OC beaches, public fishing pier and popular restaurants. Park your car and forget about it! EZ access to everything Ocean City has to offer! Buyer must honor existing rentals through Holiday Real Estate.
Last Agent to Sell the Property
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva Listed on: 06/15/2023
Last Buyer's Agent
(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #618143
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $789
Year Built
- Built in 1940
HOA Fees
- $310 Monthly HOA Fees
Parking
- Off-Street Parking
Home Design
- Cottage
- Entry on the 2nd floor
- Stick Built Home
Interior Spaces
- 289 Sq Ft Home
- Property has 1 Level
- Electric Oven or Range
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Location
- Flood Risk
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Electric Baseboard Heater
- Electric Water Heater
- Municipal Trash
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 43
- Assessor Parcel Number 2410749573
Community Details
Overview
- Association fees include common area maintenance, exterior building maintenance, insurance, laundry, management, lawn maintenance, pool(s), reserve funds, road maintenance, snow removal
- Low-Rise Condominium
- Parrot Bay Condos
- Parrot Bay Community
- Ocean City Heights Subdivision
- Property Manager
Amenities
- Common Area
- Laundry Facilities
Recreation
- Community Pool
Pet Policy
- Dogs and Cats Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2023
Closed on
Jul 26, 2023
Sold by
Greulich Shannon
Bought by
Majic Aron M and Majic Courtney B
Seller's Agent
Mia McCarthy
Keller Williams Realty Delmarva
Buyer's Agent
Jonathan Barker
Keller Williams Realty Delmarva
List Price
$180,000
Sold Price
$160,000
Premium/Discount to List
-$20,000
-11.11%
Views
285
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
$12,994
Avg. Annual Appreciation
3.16%
Purchase Details
Listed on
May 6, 2021
Closed on
Jun 25, 2021
Sold by
Williams Anthony
Bought by
Severe Shannon
Seller's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Mia McCarthy
Keller Williams Realty Delmarva
List Price
$125,000
Sold Price
$125,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%
Purchase Details
Closed on
May 30, 2014
Sold by
J & V Co Of Oc Llc
Bought by
Williams Anthony
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,400
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Majic Aron M | $160,000 | None Listed On Document | |
| Severe Shannon | $125,000 | None Available | |
| Williams Anthony | $58,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Williams Anthony | $46,400 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/26/2023 07/26/23 | Sold | $160,000 | -11.1% | $554 / Sq Ft | |
| 06/15/2023 06/15/23 | For Sale | $180,000 | +44.0% | $623 / Sq Ft | |
| 06/25/2021 06/25/21 | Sold | $125,000 | 0.0% | $433 / Sq Ft | View Prior Sale |
| 05/06/2021 05/06/21 | For Sale | $125,000 | -- | $433 / 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 | $1,346 | $98,600 | $0 | $0 |
| 2024 | $1,079 | $77,300 | $0 | $0 |
| 2023 | $787 | $56,000 | $28,000 | $28,000 |
| 2022 | $787 | $56,000 | $28,000 | $28,000 |
| 2021 | $791 | $56,000 | $28,000 | $28,000 |
| 2020 | $794 | $56,000 | $28,000 | $28,000 |
| 2019 | $794 | $56,000 | $28,000 | $28,000 |
| 2018 | $789 | $56,000 | $28,000 | $28,000 |
| 2017 | $795 | $56,000 | $0 | $0 |
| 2016 | -- | $56,000 | $0 | $0 |
| 2015 | $1,467 | $56,000 | $0 | $0 |
| 2014 | $1,467 | $59,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mia McCarthy
-
Jonathan Barker
Buyer's Agent in 2023
Jonathan Barker
Keller Williams Realty Delmarva
(410) 935-3810
114 in this area
185 Total Sales
-
Ed Balcerzak
Seller's Agent in 2021
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
(443) 497-4746
58 in this area
184 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2014522
APN: 10-749573
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