Seller's Agent in 2019
Spike Sands
Berkshire Hathaway HomeServices PenFed Realty - OP
(443) 235-0489
40 in this area
94 Total Sales
2701 Gull Way Unit 8 Ocean City, MD 21842
Estimated Value: $258,000 - $337,000
2
Beds
2
Baths
820
Sq Ft
$173/mo
HOA Fee
Highlights
- Furnished
- Central Air
- Back Up Electric Heat Pump System
- Ocean City Elementary School Rated A
About This Home
As of February 2019This 2 bedroom 2 bath completely furnished condo has everything you are looking for and is move in ready. From the time you walk in, the open floor plan immediately grabs your attention. You can see how well the unit has been taken care of just by walking through it. Rentals can gross up to 20K per season. You do not have to lift a finger this one is ready to go. Just a short walk to the beach as well as all the other attractions OC has to offer. A low condo fee is always a plus. This unit is Priced to sell. Condo Association just approved power washing and staining of the railings out of reserve fund not as a special assessment.
Last Agent to Sell the Property
(443) 235-0489 spikesands@gmail.com Berkshire Hathaway HomeServices PenFed Realty - OP License #RS-0038938 Listed on: 10/27/2018
Last Buyer's Agent
(443) 386-3177 kimberly.heaney@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0024912
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,665
Year Built
- Built in 1984
HOA Fees
- $173 Monthly HOA Fees
Parking
- Parking Lot
Home Design
- Brick Exterior Construction
- Built-Up Roof
- Stick Built Home
- Masonry
Interior Spaces
- 820 Sq Ft Home
- Property has 1 Level
- Furnished
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
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
Community Details
- Oc Real Estate Management HOA, Phone Number (410) 524-5781
- Low-Rise Condominium
- Kristy Community
Listing and Financial Details
- Tax Lot 5195
- Assessor Parcel Number 10-252210
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 27, 2018
Closed on
Feb 8, 2019
Sold by
Gilday Shaun M
Bought by
Lacey Dale and Lacey Brenda
Seller's Agent
Spike Sands
Berkshire Hathaway HomeServices PenFed Realty - OP
Buyer's Agent
Kimberly Heaney
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$174,900
Sold Price
$162,000
Premium/Discount to List
-$12,900
-7.38%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,086
Avg. Annual Appreciation
9.21%
Original Mortgage
$129,600
Outstanding Balance
$113,942
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$178,144
Purchase Details
Closed on
Mar 14, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Gilday Shaun M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 14, 2012
Sold by
Cohn Edward S and Goldberg Stephen N
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
Jul 5, 2007
Sold by
Peeling Bruce A
Bought by
Patrice Ricciotti
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 30, 2007
Sold by
Peeling Bruce A
Bought by
Patrice Ricciotti
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
6.48%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 10, 2002
Sold by
Hayward Michael L
Bought by
Peeling Bruce A
Purchase Details
Closed on
Jun 27, 2002
Sold by
Hayward Michael L
Bought by
Hayward Michael L and Hayward Danielle Demone
Purchase Details
Closed on
Apr 11, 2001
Sold by
Webster Nancy L and Webster Erna E
Bought by
Hayward Michael L and Demone Danielle M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lacey Dale | $162,000 | Capitol Title Ins Agency | |
| Gilday Shaun M | $100,000 | Northern Virginia Title & Es | |
| Federal Home Loan Mortgage Corporation | $111,200 | None Available | |
| Patrice Ricciotti | $160,000 | -- | |
| Patrice Ricciotti | $160,000 | -- | |
| Peeling Bruce A | $135,000 | -- | |
| Hayward Michael L | -- | -- | |
| Hayward Michael L | $71,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lacey Dale | $129,600 | |
| Previous Owner | Gilday Shaun M | $90,000 | |
| Previous Owner | Patrice Ricciotti | $152,000 | |
| Previous Owner | Patrice Ricciotti | $152,000 | |
| Closed | Hayward Michael L | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/08/2019 02/08/19 | Sold | $162,000 | -3.5% | $198 / Sq Ft |
| 01/01/2019 01/01/19 | Pending | -- | -- | -- |
| 12/17/2018 12/17/18 | Price Changed | $167,900 | -4.0% | $205 / Sq Ft |
| 10/27/2018 10/27/18 | For Sale | $174,900 | -- | $213 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | -- | $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
-
Spike Sands
-
Kimberly Heaney
Buyer's Agent in 2019
Kimberly Heaney
Berkshire Hathaway HomeServices PenFed Realty-WOC
(443) 386-3177
60 in this area
203 Total Sales
Map
Source: Bright MLS
MLS Number: 1009929406
APN: 10-252210
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