NOT LISTED FOR SALE

2701 Gull Way Unit 5 Ocean City, MD 21842

Estimated Value: $259,000 - $312,000

2 Beds
2 Baths
737 Sq Ft
$205/mo HOA Fee

Last Sold September 09, 2019

Last sale price $153,000 $208 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,851/month

Highlights

  • Property fronts the bay but unit may not have water views
  • Furnished
  • Central Air
  • Ocean City Elementary School Rated A
  • Ceramic Tile Flooring
  • Dogs and Cats Allowed

About This Home

As of September 2019

2 bedroom/2 bathroom furnished end unit condo is ready for Summer of 2019 enjoyment! Not currently in a rental program, but could easily gross around $18-20k for the season. Walking distance of the beach, shopping, restaurants and nightly entertainment. Open floor plan and shows great!

Last Agent to Sell the Property

Leslie Smith

(410) 251-8688 lesliesmithsellsocmd@gmail.com Sheppard Realty Inc Listed on: 05/29/2019

Last Buyer's Agent

Nicholas Preziosi

(410) 251-0637 nicholas.preziosi@gmail.com Long & Foster Real Estate, Inc. License #RS-0038512

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,665

Year Built

  • Built in 1984

Lot Details

  • Property fronts the bay but unit may not have water views
  • Property is in good condition

HOA Fees

  • $205 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Stick Built Home
  • Masonry

Interior Spaces

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

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Schools

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

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • 200+ Amp Service
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 5195
  • Assessor Parcel Number 10-252180

Community Details

Overview

  • Association fees include common area maintenance
  • Low-Rise Condominium
  • Kristy Community
  • Property Manager

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,665

Year Built

Built in 1984

Lot Details

0

HOA Fees

$205 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Ownership: Condominium
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1984
  • Remarks Public: 2 bedroom/2 bathroom furnished end unit condo is ready for Summer of 2019 enjoyment! Not currently in a rental program, but could easily gross around $18-20k for the season. Walking distance of the beach, shopping, restaurants and nightly entertainment. Open floor plan and shows great!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring Type: Ceramic Tile, Laminated
  • Fireplace: No
  • Levels Count: 1
  • Room Count: 6
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 737
  • Living Area Sq Ft: 737
  • Price Per Sq Ft: 223.88
  • Above Grade Finished Sq Ft: 737
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2701

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Masonry, Stick Built
  • Roof: Built-Up
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2464.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 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
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Good
  • Year Assessed: 2019
  • Zoning: R-2
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5418314
  • Tax Annual Amount: 1665.00
  • Assessor Parcel Number: 10-252180
  • Tax Lot: 5195
  • Tax Total Finished Sq Ft: 737
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 09/09/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2011
Sold by
Stevens Bonnie R
Bought by
Liang Steven and Liang Suzanne
Current Estimated Value
$279,625

Purchase Details

Closed on
May 3, 2000
Sold by
Elliott Frank A
Bought by
Stevens William E and Stevens Bonnie R

Purchase Details

Closed on
Jul 15, 1998
Sold by
Blair John E and Blair Stella R
Bought by
Elliott Frank A
Source: Public Records

Range of Values:

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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
Liang Steven $120,000 Maryland Title Service Corp
Stevens William E $66,000 --
Elliott Frank A $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Elliott Frank A --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2019 09/09/19 Sold $153,000 -7.3% $208 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
05/29/2019 05/29/19 For Sale $165,000 -- $224 / 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 $1,953 $162,100 $0 $0
2024 $1,953 $140,000 $0 $0
2023 $1,657 $117,900 $58,900 $59,000
2022 $1,657 $117,900 $58,900 $59,000
2021 $1,666 $117,900 $58,900 $59,000
2020 $1,666 $117,900 $58,900 $59,000
2019 $1,677 $117,900 $58,900 $59,000
2018 $1,661 $117,900 $58,900 $59,000
2017 $1,688 $118,900 $0 $0
2016 -- $118,900 $0 $0
2015 $1,771 $118,900 $0 $0
2014 $1,771 $118,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Leslie Smith

    Seller's Agent in 2019

    Leslie Smith

    Sheppard Realty Inc

    (410) 251-8688

    77 in this area

    132 Total Sales

    Leslie Smith
    Section Image
  • Nicholas Preziosi

    Buyer's Agent in 2019

    Nicholas Preziosi

    Long & Foster

    (410) 251-0637

    37 in this area

    73 Total Sales

    Nicholas Preziosi
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO106642

Bright MLS

APN: 10-252180

Maryland Worcester County Ocean City 21842

2701 Gull Way Unit 5, Ocean City, MD

This home is located at 2701 Gull Way Unit 5, Ocean City, MD 21842 since 29 May 2019 and is currently estimated at $279,625, approximately $379 per square foot. This property was built in 1984. 2701 Gull Way Unit 5 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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