NOT LISTED FOR SALE

2701 Gull Way Unit 7 Ocean City, MD 21842

Estimated Value: $258,000 - $384,000

2 Beds
2 Baths
737 Sq Ft
$187/mo HOA Fee

Last Sold February 26, 2021

Last sale price $166,900 $226 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $1,972/month

Highlights

  • Coastal Architecture
  • Furnished
  • Breakfast Area or Nook
  • Ocean City Elementary School Rated A
  • Open Floorplan
  • Laundry Room

About This Home

As of February 2021

Interested in having your own place in the beautiful Ocean City, MD, this very easily it could be yours. Rest on the Atlantic beach or boat on the Isle of Wight Bay and visit whenever you want . This two bedroom well maintained condominium boast private parking where you can walk to the beach as well as catch the boardwalk tram and take the kids to the inlet, fully furnished, move in ready, laundry, ceiling fans, cable TV, and non-smoking. Low HOA fees makes for easier rentals if you opt to purchase for an investment.

Last Agent to Sell the Property

James DiPietro

(443) 790-5383 jimdipietro@kw.com Keller Williams Select Realtors of Annapolis Listed on: 06/03/2020

Keller Williams Select Realtors of Annapolis

Last Buyer's Agent

Kara Hawkins

(302) 542-6656 kara.hawkins@evrealestate.com Engel & Völkers Ocean City License #5003142

Engel & Völkers Ocean City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,677

Year Built

  • Built in 1984

Lot Details

  • Two or More Common Walls
  • Property is in very good condition

HOA Fees

  • $187 Monthly HOA Fees

Home Design

  • Coastal Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Shingle Roof
  • Stick Built Home
  • Masonry

Interior Spaces

  • 737 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Screens
  • Open Floorplan
  • Living Room

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Home Security

Parking

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

Outdoor Features

  • Exterior Lighting

Schools

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

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 10-252202

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, trash
  • Kristy Condominium Association, Phone Number (410) 524-5781
  • Low-Rise Condominium
  • Kristy Community
  • Property Manager

Pet Policy

  • Breed Restrictions

Security

  • Storm Doors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,677

Year Built

Built in 1984

Lot Details

0

HOA Fees

$187 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • Inclusions: FURNISHINGS - TWO QUEEN BEDS, TWIN BED, DRESSERS, COUCH, TV, TABLE W/CHAIRS
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1984
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Interested in having your own place in the beautiful Ocean City, MD, this very easily it could be yours. Rest on the Atlantic beach or boat on the Isle of Wight Bay and visit whenever you want . This two bedroom well maintained condominium boast private parking where you can walk to the beach as well as catch the boardwalk tram and take the kids to the inlet, fully furnished, move in ready, laundry, ceiling fans, cable TV, and non-smoking. Low HOA fees makes for easier rentals if you opt to purchase for an investment.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Microwave, Refrigerator, Washer, Stove
  • Entry Floor: 2
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Living
  • Window Features: Screens
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Storm
  • Wall Ceiling Types: Dry Wall
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room Count: 5
  • Room List: Living Room, Kitchen, Laundry
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 737
  • Living Area Sq Ft: 737
  • Price Per Sq Ft: 230.53
  • 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
  • Exterior Features: Exterior Lighting
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Cable Tv
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • HOA Fees: 2240.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Trash
  • HOA Name: KRISTY CONDOMINIUM ASSOCIATION
  • HOA Phone: 410-524-5781
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121138066543
  • School District Source: 3rd Party
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Year Assessed: 2020
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Breed Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5418316
  • Tax Annual Amount: 1677.00
  • Assessor Parcel Number: 10-252202
  • Tax Lot: 7
  • Tax Total Finished Sq Ft: 737
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 02/26/2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2020
Closed on
Feb 26, 2021
Sold by
Sitar Robert S and Sitar Tammy S
Bought by
Skilling John K
Seller's Agent
James DiPietro
Keller Williams Select Realtors of Annapolis
Buyer's Agent
Kara Hawkins
Engel & Völkers Ocean City
List Price
$169,900
Sold Price
$166,900
Premium/Discount to List
-$3,000
-1.77%
Current Estimated Value
$305,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,957
Avg. Annual Appreciation
14.07%
Original Mortgage
$158,555
Outstanding Balance
$142,133
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$163,724

Purchase Details

Closed on
Jul 21, 2004
Sold by
Simmons Gary F and Simmons Kathleen E
Bought by
Sitar Robert S and Sitar Tammy S

Purchase Details

Closed on
Jun 28, 1989
Sold by
North Jerome T and North Mabel J
Bought by
Simmons Gary F and Simmons Kathleen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
10.19%

Purchase Details

Closed on
Oct 15, 1986
Sold by
Atlantic Coast Ventures Inc
Bought by
North Jerome T and North Mabel J
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
Skilling John K $166,900 Bright Ttl & Stlmt Svcs Llc
Sitar Robert S $160,000 --
Simmons Gary F $56,000 --
North Jerome T $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skilling John K $158,555
Previous Owner Simmons Gary F $50,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2021 02/26/21 Sold $166,900 -1.8% $226 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
12/25/2020 12/25/20 For Sale $169,900 0.0% $231 / Sq Ft
12/21/2020 12/21/20 Price Changed $169,900 0.0% $231 / Sq Ft
11/15/2020 11/15/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $169,900 -- $231 / 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 $1,954 $162,100 $0 $0
2024 $1,954 $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 $1,771 $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

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Map

Source: Bright MLS

MLS Number: MDWO114144

Bright MLS

APN: 10-252202