NOT LISTED FOR SALE

2802 Tern Dr Ocean City, MD 21842

Ocean City Area

Estimated Value: $421,000 - $489,000

2 Beds
2 Baths
1,020 Sq Ft
$440/Sq Ft Est. Value

Sale Details

Date Sold: February 17, 2023

Last sale price $390,000 $382 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,063 / mo

33 Days on Market

Highlights

  • 100 Feet of Waterfront
  • 1 Dock Slip
  • City View
  • Ocean City Elementary School Rated A
  • Fishing Allowed
  • 5-minute walk to Robin Park

About This Home

As of February 2023

Boaters Delight! Never rented large Waterfront townhouse with garage & deeded boat slip/w boat lift. Features a large balcony, several decks and a ground floor patio area. Comes with newer furniture, electric fireplace, newer appliances & hvac. The Garage is complimented with a full bath and kitchenette. The community replaced the roof within the last 5 years. Great location close to the beach, boardwalk, amusement park & easy boat access to the bay & Ocean. Very well maintained interior and exterior. If you are looking for a second home or rental with a boat slip this one is for you.

Last Agent to Sell the Property

Carol Proctor

(410) 524-7000 oceancity@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288 Listed on: 12/09/2022

Berkshire Hathaway HomeServices PenFed Realty

Co-Listed By

Tony Golden

(410) 524-7000 oceancity@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Mitchell David

(410) 723-7070 mitchelldavid06@gmail.com Sheppard Realty Inc License #RS-0024538

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,010

Year Built

  • Built in 1984

Lot Details

  • 100 Feet of Waterfront
  • Home fronts navigable water
  • Home fronts a canal
  • Cleared Lot
  • Property is in very good condition

HOA Fees

  • $217 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 1 Open Parking Space
  • Lighted Parking
  • Front Facing Garage
  • Rear-Facing Garage
  • Driveway
  • Parking Lot
  • Off-Street Parking
  • 1 Assigned Parking Space

Property Views

  • City
  • Canal

Home Design

  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,020 Sq Ft Home
  • Property has 2.5 Levels
  • Furnished
  • Ceiling Fan
  • Skylights
  • Corner Fireplace
  • Brick Fireplace
  • Window Treatments
  • Open Floorplan
  • Dining Area

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Canoe or Kayak Water Access
  • Property is near a canal
  • Bulkhead
  • Electric Hoist or Boat Lift
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Powered Boats Permitted
  • Multiple Balconies
  • Deck
  • Patio

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 309
  • Assessor Parcel Number 2410251702

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, reserve funds, water
  • Tern Port Condos, Phone Number (410) 262-5635
  • Tern Port Phase I, I Community

Recreation

  • Community Boat Dock
  • Fishing Allowed

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,010

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

HOA Fees

$217 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Bi-Level
  • Ownership: Condominium
  • Exclusions: See Inventory
  • Historic: No
  • Home Warranty: No
  • Inclusions: Furniture
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-12-09
  • Federal Flood Zone: Yes
  • Year Built: 1984
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Kitchen/Dining, Combination Dining/Living, Dining Area, Skylight(s), Tub Shower, Window Treatments
  • Fireplace Features: Corner, Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 2.5
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1020
  • Living Area Sq Ft: 1020
  • Price Per Sq Ft: 401.96
  • Above Grade Finished Sq Ft: 1020
  • Above Grade Finished Area Units: Square Feet

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: Frame, Stick Built, Vinyl Siding
  • Roof: Architectural Shingle
  • Spa: No
  • View: Canal, City, Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage Spaces: 1.00
  • Assigned Spaces Count: 1
  • Garage: Yes
  • Parking Features: Assigned, Asphalt Driveway, Lighted Parking, Paved Parking
  • Garage Features: Garage - Front Entry, Garage - Rear Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Attached Garage, Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 650.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Tern Port
  • Condo Co-Op Phone: 410-262-5635
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Reserve Funds, Water
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • 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
  • Lot Features: Bulkheaded, Cleared
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Patio(s), Deck(s), Balcony, Balconies- Multiple
  • Property Condition: Very Good
  • 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: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5418274
  • Tax Annual Amount: 4010.00
  • Assessor Parcel Number: 2410251702
  • Tax Lot: 309
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
May 30, 2019
Sold by
Decelis Luis Anthony and De Celis Stephanie G
Bought by
Seller's Agent
Jeannie Betten
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Jennifer Ciorrocco
Coastal Life Realty Group LLC
List Price
$295,000
Sold Price
$275,000
Premium/Discount to List
-$20,000
-6.78%
Current Estimated Value
$449,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,308
Avg. Annual Appreciation
6.99%
Original Mortgage
$247,500
Outstanding Balance
$213,969
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$235,339

Purchase Details

Closed on
Oct 11, 2000
Sold by
Grossnickle Steve W and Grossnickle Doris A
Bought by
Decelis Luis Anthony and Decelis Stephanie G

Purchase Details

Closed on
Jun 24, 1997
Sold by
Anita Knapp
Bought by
Grossnickle Steve W and Grossnickle Doris A
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ocean City, MD

  • Bruce Fink Real Estate Agent - Douglas Realty, LLC

    Bruce Fink

    Douglas Realty, LLC

    (443) 979-8255

    100 Total Sales

    1 in Ocean City

    $417,000 Price

    Bruce Fink
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  • Mark Weiss Real Estate Agent - Taylor Properties

    Mark Weiss

    Taylor Properties

    (443) 249-7300

    31 Total Sales

    1 in Ocean City

    $376,000 Price

    Mark Weiss
     Section Image
  • Andy Schweigman Real Estate Agent - Douglas Realty, LLC

    Andy Schweigman

    Douglas Realty, LLC

    (667) 213-6020

    231 Total Sales

    2 in Ocean City

    $410K - $415K Price Range

    Andy Schweigman
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  • Bryan Bartlett Real Estate Agent - Compass

    Bryan Bartlett

    Compass

    (443) 393-7589

    138 Total Sales

    1 in Ocean City

    $570,000 Price

    Bryan Bartlett
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  • Crystal Iannuzzi Real Estate Agent - Cummings & Co. Realtors

    Crystal Iannuzzi

    Responds Quickly

    Cummings & Co. Realtors

    (667) 206-6649

    66 Total Sales

    2 in Ocean City

    $476K - $959K Price Range

    Crystal Iannuzzi
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  • Linda Moran Real Estate Agent - Berkshire Hathaway HomeServices PenFed Realty-WOC

    Linda Moran

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 736-1335

    48 Total Sales

    16 in Ocean City

    $38K - $720K Price Range

    Linda Moran
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$275,000 Dba Real Estate T&E
Decelis Luis Anthony $145,000 --
Grossnickle Steve W $103,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $247,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2023 02/17/23 Sold $390,000 -4.9% $382 / Sq Ft
01/09/2023 01/09/23 Price Changed $410,000 -5.7% $402 / Sq Ft
12/09/2022 12/09/22 For Sale $434,900 +33.8% $426 / Sq Ft
06/28/2022 06/28/22 Sold $325,000 0.0% $319 / Sq Ft View Prior Sale
05/16/2022 05/16/22 For Sale $325,000 +38.3% $319 / Sq Ft
09/06/2019 09/06/19 Sold $235,000 -9.6% $230 / Sq Ft View Prior Sale
08/24/2019 08/24/19 Pending -- -- --
06/20/2019 06/20/19 For Sale $260,000 -5.5% $255 / Sq Ft
05/30/2019 05/30/19 Sold $275,000 -3.5% $270 / Sq Ft View Prior Sale
04/26/2019 04/26/19 Pending -- -- --
04/11/2019 04/11/19 Price Changed $285,000 -1.7% $279 / Sq Ft
02/15/2019 02/15/19 Price Changed $290,000 -1.7% $284 / Sq Ft
01/25/2019 01/25/19 For Sale $295,000 -- $289 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,406 $341,700 $170,800 $170,900
2025 $4,406 $322,633 $0 $0
2024 $4,236 $303,567 $0 $0
2023 $3,998 $284,500 $142,200 $142,300
2022 $3,998 $284,500 $142,200 $142,300
2021 $4,020 $284,500 $142,200 $142,300
2020 $4,020 $284,500 $142,200 $142,300
2019 $3,714 $261,067 $0 $0
2018 $3,347 $237,633 $0 $0
2017 $3,041 $214,200 $0 $0
2016 -- $214,200 $0 $0
2015 $2,962 $214,200 $0 $0
2014 $2,962 $214,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carol Proctor Real Estate Agent - BHHS PenFed (actual)

    Seller's Agent in 2023

    Carol Proctor

    BHHS PenFed (actual)

    (443) 567-0650

    424 Total Sales

    Carol Proctor
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  • Tony Golden Real Estate Agent - BHHS PenFed (actual)

    Seller Co-Listing Agent in 2023

    Tony Golden

    BHHS PenFed (actual)

    (443) 783-0249

    143 Total Sales

    Tony Golden
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  • Mitchell David Real Estate Agent - Sheppard Realty Inc

    Buyer's Agent in 2023

    Mitchell David

    Sheppard Realty Inc

    (443) 614-7048

    125 Total Sales

    Mitchell David
    Section Image
  • Paul Sicari Real Estate Agent - Compass

    Seller's Agent in 2022

    Paul Sicari

    Compass

    (202) 251-5566

    166 Total Sales

    Paul Sicari
    Section Image
  • Karen Oass Real Estate Agent - Long & Foster

    Seller's Agent in 2019

    Karen Oass

    Long & Foster

    (443) 880-5727

    105 Total Sales

    Karen Oass
    Section Image
  • Jeannie Betten Real Estate Agent - BHHS PenFed (actual)

    Seller's Agent in 2019

    Jeannie Betten

    BHHS PenFed (actual)

    (443) 365-7021

    39 Total Sales

    Jeannie Betten
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Map

Source: Bright MLS

MLS Number: MDWO2011498

Bright MLS

APN: 10-235642

Maryland Worcester County Ocean City 21842

2802 Tern Dr, Ocean City, MD

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