NOT LISTED FOR SALE

221 Wicomico St Unit 401 Ocean City, MD 21842

Estimated Value: $780,000 - $806,000

3 Beds
3 Baths
1,895 Sq Ft
$568/mo HOA Fee

Last Sold June 02, 2023

Last sale price $670,000 $354 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,430/month

5 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Primary bedroom faces the bay
  • Marina View
  • Ocean City Elementary School Rated A
  • Private Dock Site
  • 3-minute walk to Sunset Park

About This Home

As of June 2023

Not many 3 bedroom-3 bath bayside/waterfront units on market, so may not want to wait on this one! Waterfront Downtown condo in Emerson Towers has been a phenomenal rental past two years ($59,689 in 2021 and $50,625 in 2022) and already has 2023 bookings (buyer to honor). Come visit and you'll see why the numbers are high...the location is incredible and the unit is awesome! You're right in the middle of all downtown OC has to offer - food, fun, shopping, sun, surf, boardwalk, boating, watersports. Or stroll over the bridge to get to more to do! The bayfront docks and boat slips (which most are shared, so first come/first use) are excellent for expanding your beach experience outside. A deep slip marina next door, too. Oh, and there is a restaurant on the 2nd floor...how more convenient can you get than that? Can literally park in the secure parking garage, and not use your car. Having a secure/locked lobby with elevator and a private storage closet right outside your front door are bonuses. That's your outdoor living amenities...and your spacious condo interior is also outstanding. Three really large bedrooms all have own bathrooms, including the waterfront primary ensuite with a jetted tub, and will allow you to relax after your full beach days, in grand space. The living area is open and perfect for entertaining or just hanging out. Now let me tell you the best - the HUGE balcony has views of panoramic views of water, city, marina - perfect for watching people. Downtown condos are popular so don't delay and miss out on Living Your Best Life at the Beach! Don't forget to check out the two video tours...click on camera in the listing.

Last Agent to Sell the Property

Jeannie Betten

Berkshire Hathaway HomeServices PenFed Realty License #RS-0024733 Listed on: 03/28/2023

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Sarah Jourdan

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,554

Year Built

  • Built in 2006

Lot Details

  • 50 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • No Through Street

HOA Fees

  • $568 Monthly HOA Fees

Parking

  • 2 Assigned Parking Garage Spaces
  • Assigned parking located at #17, 18
  • Garage Door Opener
  • Parking Permit Included
  • Secure Parking

Property Views

  • Marina
  • Bay
  • Panoramic
  • City

Home Design

  • Coastal Architecture

Interior Spaces

  • 1,895 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Bar
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Dining Area
  • Carpet
  • Security Gate

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary bedroom faces the bay
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Outdoor Shower
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Bulkhead
  • Shared Slip
  • Private Dock Site
  • Shared Waterfront
  • Powered Boats Permitted
  • Balcony
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 401
  • Assessor Parcel Number 2410753368

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, pier/dock maintenance
  • Mid-Rise Condominium
  • Emerson Towers Condos
  • Emerson Towers Community
  • Property Manager

Amenities

  • Community Storage Space

Recreation

  • Boat Dock
  • Pier or Dock
  • 1 Community Docks

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,554

Year Built

Built in 2006

Lot Details

0

HOA Fees

$568 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Coastal
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-04-10
  • Federal Flood Zone: No
  • Year Built: 2006
  • Assigned Parking Space Numbers: 17, 18
  • Automatically Close On Close Date: No
  • Remarks Public: Not many 3 bedroom-3 bath bayside/waterfront units on market, so may not want to wait on this one! Waterfront Downtown condo in Emerson Towers has been a phenomenal rental past two years ($59,689 in 2021 and $50,625 in 2022) and already has 2023 bookings (buyer to honor). Come visit and you'll see why the numbers are high...the location is incredible and the unit is awesome! You're right in the middle of all downtown OC has to offer - food, fun, shopping, sun, surf, boardwalk, boating, watersports. Or stroll over the bridge to get to more to do! The bayfront docks and boat slips (which most are shared, so first come/first use) are excellent for expanding your beach experience outside. A deep slip marina next door, too. Oh, and there is a restaurant on the 2nd floor...how more convenient can you get than that? Can literally park in the secure parking garage, and not use your car. Having a secure/locked lobby with elevator and a private storage closet right outside your front door are bonuses. That's your outdoor living amenities...and your spacious condo interior is also outstanding. Three really large bedrooms all have own bathrooms, including the waterfront primary ensuite with a jetted tub, and will allow you to relax after your full beach days, in grand space. The living area is open and perfect for entertaining or just hanging out. Now let me tell you the best - the HUGE balcony has views of panoramic views of water, city, marina - perfect for watching people. Downtown condos are popular so don't delay and miss out on Living Your Best Life at the Beach! Don't forget to check out the two video tours...click on camera in the listing.
  • Special Features: VirtualTour
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Dryer
  • Entry Floor: 4
  • Interior Amenities: Bar, Carpet, Ceiling Fan(s), Crown Moldings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Primary Bath(s), Primary Bedroom - Bay Front, Recessed Lighting, Soaking Tub, Stall Shower, Walk-In Closet(s), Upgraded Countertops
  • Fireplace: Yes
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1895
  • Living Area Sq Ft: 1895
  • Price Per Sq Ft: 356.20
  • Above Grade Finished Sq Ft: 1895
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 221

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Exterior Features: Exterior Lighting, Outside Shower, Secure Storage
  • View: Bay, City, Marina, Panoramic, Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Private Access, Personal Watercraft (PWC)
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage Spaces: 2.00
  • Assigned Spaces Count: 2
  • Garage: Yes
  • Parking Features: Assigned, Permit Included, Secure Parking, Under Home Parking, Private
  • Garage Features: Garage Door Opener, Covered Parking
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Central
  • Heating: Yes
  • Hot Water: Electric
  • Security: Security Gate, Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 6818.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Emerson Towers
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Elevator, Pier/Dock, Reserved/Assigned Parking, Shared Slip, Storage Bin
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Pier/Dock Maintenance
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: U
  • Lot Features: Bulkheaded, No Thru Street
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 50625.00
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5436065
  • Tax Annual Amount: 5554.00
  • Assessor Parcel Number: 2410753368
  • Tax Lot: 401
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/02/2023

Multi Family

  • Waterfront Features: Private Dock Site, Shared

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2023
Closed on
Jun 2, 2023
Sold by
Welburn Ashley L
Bought by
Jean-Baptiste Jean and Jean-Baptiste Pamelar M
Seller's Agent
Jeannie Betten
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Sarah Jourdan
Coldwell Banker Realty
List Price
$675,000
Sold Price
$670,000
Premium/Discount to List
-$5,000
-0.74%
Views
41
Current Estimated Value
$790,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,480
Avg. Annual Appreciation
8.31%
Original Mortgage
$536,000
Outstanding Balance
$522,336
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$278,821

Purchase Details

Listed on
Mar 27, 2021
Closed on
Apr 26, 2021
Sold by
Moran Lawrence K
Bought by
Welburn Ashley L
Seller's Agent
Kim Barton
Keller Williams Legacy
Buyer's Agent
Brandon Ziska
Coldwell Banker Realty
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.81%
Original Mortgage
$424,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2009
Sold by
Emerson Llc
Bought by
Moran Lawrence K and Moran Elizabeth A
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
Jean-Baptiste Jean $670,000 None Listed On Document
Welburn Ashley L $530,000 None Available
Moran Lawrence K $449,910 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jean-Baptiste Jean $536,000
Previous Owner Welburn Ashley L $424,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2023 06/02/23 Sold $670,000 -0.7% $354 / Sq Ft
03/28/2023 03/28/23 For Sale $675,000 +27.4% $356 / Sq Ft
04/26/2021 04/26/21 Sold $530,000 +1.0% $280 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/27/2021 03/27/21 For Sale $525,000 -- $277 / 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 $6,664 $561,133 $0 $0
2024 $6,664 $477,567 $0 $0
2023 $5,537 $394,000 $197,000 $197,000
2022 $5,537 $394,000 $197,000 $197,000
2021 $5,568 $394,000 $197,000 $197,000
2020 $5,567 $394,000 $197,000 $197,000
2019 $5,605 $394,000 $197,000 $197,000
2018 $5,549 $394,000 $197,000 $197,000
2017 $5,466 $394,000 $0 $0
2016 $5,566 $385,033 $0 $0
2015 $5,566 $376,067 $0 $0
2014 $5,566 $367,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeannie Betten

    Seller's Agent in 2023

    Jeannie Betten

    BHHS PenFed (actual)

    (443) 365-7021

    55 in this area

    61 Total Sales

    Jeannie Betten
    Section Image
  • Sarah Jourdan

    Buyer's Agent in 2023

    Sarah Jourdan

    Coldwell Banker Realty

    (302) 522-5225

    5 in this area

    50 Total Sales

    Sarah Jourdan
    Section Image
  • Kim Barton

    Seller's Agent in 2021

    Kim Barton

    Keller Williams Legacy

    (443) 418-6491

    1 in this area

    365 Total Sales

    Kim Barton
    Section Image
  • Brandon Ziska

    Buyer's Agent in 2021

    Brandon Ziska

    Coldwell Banker Realty

    (443) 880-1273

    3 in this area

    30 Total Sales

    Brandon Ziska
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO2013046

Bright MLS

APN: 10-753368

Maryland Worcester County Ocean City 21842

221 Wicomico St Unit 401, Ocean City, MD

This home is located at 221 Wicomico St Unit 401, Ocean City, MD 21842 since 28 March 2023 and is currently estimated at $790,480, approximately $417 per square foot. This property was built in 2006. 221 Wicomico St Unit 401 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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