NOT LISTED FOR SALE

2701 Sparrow Ln Unit 2 Ocean City, MD 21842

Estimated Value: $218,000 - $266,000

1 Bed
1 Bath
672 Sq Ft
$150/mo HOA Fee

Last Sold April 17, 2020

Last sale price $122,500 $182 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $1,585/month

Highlights

  • Bayside
  • Combination Kitchen and Living
  • Community Pool
  • Ocean City Elementary School Rated A
  • Courtyard Views
  • 3-minute walk to Robin Park

About This Home

As of April 2020

Bright and airy end unit! It looks out over courtyard and pool. Combination living, dining and kitchen. Second floor summer escape!

Last Agent to Sell the Property

SHERRY DARE

(410) 422-2207 sherryoc@gmail.com RE/MAX Advantage Realty License #307004 Listed on: 02/03/2020

RE/MAX Advantage Realty

Last Buyer's Agent

Dustin Oldfather

(302) 249-5899 Dustin@TheOldfatherGroup.com Compass License #RS-0017091

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,605

Year Built

  • Built in 1967

Lot Details

  • East Facing Home

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Entry on the 2nd floor
  • Frame Construction

Interior Spaces

  • 672 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished
  • Ceiling Fan
  • Combination Kitchen and Living
  • Carpet
  • Courtyard Views

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Location

  • Flood Risk
  • Bayside

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 10-047986

Community Details

Overview

  • Association fees include common area maintenance, lawn maintenance, pool(s)
  • Low-Rise Condominium
  • Bay Colony Community
  • Bay Colony Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,605

Year Built

Built in 1967

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: Dining and living room area furniture
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1967
  • Remarks Public: Bright and airy end unit! It looks out over courtyard and pool. Combination living, dining and kitchen. Second floor summer escape!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer
  • Entry Floor: 2
  • Flooring Type: Carpet
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Combination Kitchen/Living
  • Fireplace: No
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 672
  • Living Area Sq Ft: 672
  • Price Per Sq Ft: 190.48
  • Above Grade Finished Sq Ft: 672
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2701

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Spa: No
  • View: Courtyard
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Sewer Available, Water Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1800.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Maintenance, Pool(s)
  • 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: 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

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5401097
  • Tax Annual Amount: 1605.00
  • Assessor Parcel Number: 10-047986
  • Tax Lot: 2
  • Tax Total Finished Sq Ft: 672
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 04/17/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2020
Closed on
Apr 17, 2020
Sold by
Hong James L
Bought by
Bartholomew Stacie L and Bartholomew Ronald J
Seller's Agent
SHERRY DARE
RE/MAX Advantage Realty
Buyer's Agent
Dustin Oldfather
Compass
List Price
$128,000
Sold Price
$122,500
Premium/Discount to List
-$5,500
-4.3%
Current Estimated Value
$238,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,094
Avg. Annual Appreciation
12.84%
Original Mortgage
$98,000
Outstanding Balance
$87,141
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$151,453

Purchase Details

Closed on
Apr 29, 1982
Sold by
Birch Mary M
Bought by
Hong James L and Hong Norma E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
16.86%
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
Bartholomew Stacie L $122,500 Capitol Title Group
Hong James L $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bartholomew Stacie L $98,000
Previous Owner Hong James L $23,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2020 04/17/20 Sold $122,500 -4.3% $182 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $128,000 -- $190 / 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 $2,196 $160,800 $0 $0
2024 $1,909 $136,800 $0 $0
2023 $1,585 $112,800 $56,400 $56,400
2022 $1,585 $112,800 $56,400 $56,400
2021 $1,594 $112,800 $56,400 $56,400
2020 $1,594 $112,800 $56,400 $56,400
2019 $1,535 $107,900 $0 $0
2018 $1,451 $103,000 $0 $0
2017 $1,393 $98,100 $0 $0
2016 -- $98,100 $0 $0
2015 $1,532 $98,100 $0 $0
2014 $1,532 $104,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • SHERRY DARE

    Seller's Agent in 2020

    SHERRY DARE

    RE/MAX

    (410) 422-2207

    10 in this area

    20 Total Sales

    SHERRY DARE
    Section Image
  • Dustin Oldfather

    Buyer's Agent in 2020

    Dustin Oldfather

    Compass

    (302) 249-5899

    109 in this area

    1,487 Total Sales

    Dustin Oldfather
    Section Image
  • Sherry Thens

    Buyer Co-Listing Agent in 2020

    Sherry Thens

    Coldwell Banker Realty

    (302) 500-1809

    53 in this area

    111 Total Sales

    Sherry Thens
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO111842

Bright MLS

APN: 10-047986

Maryland Worcester County Ocean City 21842

2701 Sparrow Ln Unit 2, Ocean City, MD

This home is located at 2701 Sparrow Ln Unit 2, Ocean City, MD 21842 since 03 February 2020 and is currently estimated at $238,594, approximately $355 per square foot. This property was built in 1967. 2701 Sparrow Ln Unit 2 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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