NOT LISTED FOR SALE

206 8th St Ocean City, MD 21842

Estimated Value: $197,920 - $234,000

1 Bed
1 Bath
480 Sq Ft
174 Sq Ft Lot Lot

Sale Details

Date Sold: June 25, 2021

Last sale price $165,000 $344 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,550 / mo

4 Days on Market

Highlights

  • Furnished
  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Ocean City Elementary School Rated A

About This Home

As of June 2021

YES, Ocean City's real estate market is as HOT as you've heard! If you hesitate, you're going to miss this opportunity! JUST LISTED! Very SUCCESSFUL vacation rental, over $18,000 in rental income in 2019 and 2020 (AirBnb and VRBO). 1 Bedroom, 1 bath condo, downtown Ocean City. Stones throw to the bay and boardwalk! Sold TURNKEY with furnishings and 2021 bookings! Well managed condo association. Great location, near popular restaurants, boardwalk, entertainment, playground, basketball courts, fishing pier and MORE!

Last Agent to Sell the Property

Mia McCarthy

(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva Listed on: 05/10/2021

Keller Williams Realty Delmarva

Last Buyer's Agent

David Dypsky

(410) 213-7040 crystalrhoadrealtor@gmail.com Newport Bay Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $976

Year Built

  • Built in 1966

Lot Details

  • 174

HOA Fees

  • $225 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Frame Construction

Interior Spaces

  • 480 Sq Ft Home
  • Property has 1 Level
  • Furnished

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

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

Location

  • Flood Risk

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Association fees include cable TV, insurance, management, reserve funds
  • Low-Rise Community
  • Surfside 8 Condos
  • Surfside 8 Community
  • Property Manager

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 36
  • Assessor Parcel Number 10-261759

Property Details

Home Type

Condominium

Est. Annual Taxes

$976

Year Built

Built in 1966

Lot Details

174 Sq Ft Lot

HOA Fees

$225 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: None.
  • Home Warranty: No
  • Inclusions: Furnishings.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-05-10
  • Federal Flood Zone: Yes
  • Year Built: 1966
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 480
  • Living Area Sq Ft: 480
  • Price Per Sq Ft: 333.33
  • Above Grade Finished Sq Ft: 480
  • 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: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fee Frequency: Unknown
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 225.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Surfside 8
  • HOA Condo Co-Op Amenities: Cable
  • HOA Condo Co-Op Fee Includes: Cable Tv, Insurance, Management, Reserve Funds
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: Yes
  • 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: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Total Actual Rent: 18000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5419181
  • Tax Annual Amount: 976.00
  • Assessor Parcel Number: 10-261759
  • Tax Lot: 36
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2021
Closed on
Jun 25, 2021
Sold by
Severe Shannon M
Bought by
Yokobosky William Richard
Seller's Agent
Mia McCarthy
Keller Williams Realty Delmarva
Buyer's Agent
David Dypsky
Newport Bay Realty
List Price
$160,000
Sold Price
$165,000
Premium/Discount to List
$5,000
3.12%
Current Estimated Value
$215,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,480
Avg. Annual Appreciation
5.58%
Original Mortgage
$148,500
Outstanding Balance
$134,741
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$80,739

Purchase Details

Listed on
Mar 14, 2017
Closed on
Apr 1, 2017
Sold by
Trasko Paul Lee and Trasko David George
Bought by
Severe Shannon M
Seller's Agent
Joel Feldman
Martz and Associates Real Estate LLC
Buyer's Agent
Tony Golden
Berkshire Hathaway HomeServices PenFed Realty
List Price
$69,900
Sold Price
$71,500
Premium/Discount to List
$1,600
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.80%

Purchase Details

Closed on
Mar 17, 1986
Sold by
Nassau Village Development
Bought by
Trasko Paul Lee and Trasko David George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,120
Interest Rate
10.01%
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

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
Yokobosky William Richard $165,000 None Available
Severe Shannon M $71,500 None Available
Trasko Paul Lee $43,900 --
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 Yokobosky William Richard $148,500
Previous Owner Trasko Paul Lee $35,120
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2021 06/25/21 Sold $165,000 +3.1% $344 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $160,000 +123.8% $333 / Sq Ft
04/01/2017 04/01/17 Sold $71,500 +2.3% $149 / Sq Ft View Prior Sale
03/21/2017 03/21/17 Pending -- -- --
03/14/2017 03/14/17 For Sale $69,900 -- $146 / 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 $1,909 $139,833 $0 $0
2024 $1,458 $104,467 $0 $0
2023 $971 $69,100 $34,500 $34,600
2022 $971 $69,100 $34,500 $34,600
2021 $976 $69,100 $34,500 $34,600
2020 $976 $69,100 $34,500 $34,600
2019 $894 $62,867 $0 $0
2018 $798 $56,633 $0 $0
2017 $716 $50,400 $0 $0
2016 $1,071 $50,400 $0 $0
2015 $1,071 $50,400 $0 $0
2014 $1,071 $50,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO122304

Bright MLS

APN: 10-261759

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