NOT LISTED FOR SALE

2209 Philadelphia Ave Unit 40501 Ocean City, MD 21842

Estimated Value: $252,000 - $283,000

1 Bed
1 Bath
627 Sq Ft
$237/mo HOA Fee

Last Sold July 21, 2017

Last sale price $139,900 $223 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,852/month

3 Days on Market

Highlights

  • Boat Ramp
  • Home fronts navigable water
  • In Ground Pool
  • Ocean City Elementary School Rated A
  • Water Access
  • Bay View

About This Home

As of July 2017

Best Buy In Ocean City!!! Enjoy beautiful west facing sunset & bay views from the living room and balcony and canal views from the master bedroom suite!! This LARGE 1 BD, 1 BA unit with open floor plan and tasteful and comfortable decor is located just 2 blocks from beach, boardwalk, amusements and restaurants. Bonuses of this building are a large bay front pool, community picnic area, ample parking, and on-site management.This condo is not a rental but due to location and amenity package condos in this building have fantastic rental potential!! Cable is included in condo fees.

Last Agent to Sell the Property

Eric Green

Coldwell Banker Realty Listed on: 06/25/2017

Last Buyer's Agent

Scott Murrell

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,245

Year Built

  • Built in 1985

Lot Details

  • Home fronts navigable water
  • Southwest Facing Home

HOA Fees

  • $237 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Block Foundation
  • Slab Foundation
  • Built-Up Roof
  • Stick Built Home
  • Dryvit Stucco
  • Masonry

Interior Spaces

  • 627 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Bay Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Pool

  • In Ground Pool
  • Poolside Lot
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Property near a bay
  • Bulkhead
  • Balcony

Location

  • Flood Risk

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 405
  • Assessor Parcel Number 289173

Community Details

Overview

  • 1 Elevator
  • Pointe On The Bay Community

Recreation

  • Boat Ramp
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,245

Year Built

Built in 1985

Lot Details

0

HOA Fees

$237 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1985
  • Remarks Public: Best Buy In Ocean City!!! Enjoy beautiful west facing sunset & bay views from the living room and balcony and canal views from the master bedroom suite!! This LARGE 1 BD, 1 BA unit with open floor plan and tasteful and comfortable decor is located just 2 blocks from beach, boardwalk, amusements and restaurants. Bonuses of this building are a large bay front pool, community picnic area, ample parking, and on-site management.This condo is not a rental but due to location and amenity package condos in this building have fantastic rental potential!! Cable is included in condo fees.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: Entry Level Bedroom, Window Treatments
  • Elevators Count: 1
  • Foundation Details: Block, Slab
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Living Area Units: Square Feet
  • Total Sq Ft: 627
  • Living Area Sq Ft: 627
  • Price Per Sq Ft: 223.13
  • Above Grade Finished Sq Ft: 627
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2209

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Dryvit, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Pool Features: In Ground
  • Roof: Built-Up
  • View: Bay, Water
  • Water Access: Yes
  • Water Body Type: Bay
  • Water Frontage Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community, Yes - Personal
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 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: 2845.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Boat Ramp, Pool - Outdoor
  • HOA: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Bulkheaded, Poolside
  • Outdoor Living Structures: Balcony
  • Zoning Description: B1
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 289173
  • Tax Lot: 405
  • County Tax Payment Frequency: Annually
  • Close Date: 07/21/2017

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2019
Sold by
Manda Noreen and Manda Salvatore L
Bought by
Manda Noreen and Manda Christopher M
Current Estimated Value
$261,966

Purchase Details

Listed on
Jun 25, 2017
Closed on
Jul 21, 2017
Sold by
Silver Cynthia M and Silver Robert M
Bought by
Manda Noreen and Manda Salvatore L
Seller's Agent
Eric Green
Coldwell Banker Realty
Buyer's Agent
Scott Murrell
Coldwell Banker Realty
List Price
$139,900
Sold Price
$139,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%

Purchase Details

Closed on
Oct 9, 2014
Sold by
Morris Elizabeth and Morris William
Bought by
Silver Cynthia M and Silver Robert M

Purchase Details

Closed on
May 21, 2003
Sold by
Harry Cynthia M
Bought by
Morris William and Morris Elizabeth Morris

Purchase Details

Closed on
Jul 28, 1999
Sold by
Monchino Peter J and Monchino Patricia
Bought by
Harry Cynthia M

Purchase Details

Closed on
May 8, 1992
Sold by
Dolphin Run Associates
Bought by
Monchino Peter J and Monchino Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,400
Interest Rate
8.75%
Source: Public Records

Range of Values:

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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
Manda Noreen -- None Available
Manda Noreen $139,900 Title Resources Guaranty Co
Silver Cynthia M -- None Available
Morris William $67,736 --
Harry Cynthia M $67,000 --
Monchino Peter J $64,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Monchino Peter J $58,400
Closed Harry Cynthia M --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2017 07/21/17 Sold $139,900 0.0% $223 / Sq Ft
06/25/2017 06/25/17 For Sale $139,900 -- $223 / 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 $2,245 $171,333 $0 $0
2024 $2,245 $160,867 $0 $0
2023 $2,114 $150,400 $75,200 $75,200
2022 $2,114 $150,400 $75,200 $75,200
2021 $2,125 $150,400 $75,200 $75,200
2020 $2,125 $150,400 $75,200 $75,200
2019 $2,138 $150,267 $0 $0
2018 $2,115 $150,133 $0 $0
2017 $2,119 $150,000 $0 $0
2016 -- $150,000 $0 $0
2015 $2,257 $165,867 $0 $0
2014 $2,257 $155,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2017

    Eric Green

    Coldwell Banker Realty

    Section Image

  • S

    Buyer's Agent in 2017

    Scott Murrell

    Coldwell Banker Realty

    Section Image
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Map

Source: Bright MLS

MLS Number: 1000515424

Bright MLS

APN: 10-289173

Maryland Worcester County Ocean City 21842

2209 Philadelphia Ave Unit 40501, Ocean City, MD

This home is located at 2209 Philadelphia Ave Unit 40501, Ocean City, MD 21842 since 25 June 2017 and is currently estimated at $261,966, approximately $417 per square foot. This property was built in 1985. 2209 Philadelphia Ave Unit 40501 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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