$159,900
SOLD SEP 27, 2019

2803 Gull Way Unit B01 Ocean City, MD 21842

2 Beds
2 Baths
900 Sq Ft
$250/mo HOA Fee

Recently Sold

$178 Per Sq Ft

14% Below List Price

98 Days on Market

Highlights

  • Home fronts navigable water
  • Water Access
  • Main Floor Bedroom
  • Ocean City Elementary School Rated A
  • Canal View
  • Combination Kitchen and Living

About This Home

As of August 2023

Great first floor location! This is a 2 bedroom 2 bath corner unit with a rear deck. Enjoy all Ocean City has to offer whether it's the short distance to the beach or the bay at your back door. Take advantage of this fantastic offer!

Last Agent to Sell the Property

Sheri Smith

Keller Williams Realty Delmarva License #RS-0015670

Keller Williams Realty Delmarva

Last Buyer's Agent

ANNIE Buxbaum

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,690

Year Built

  • Built in 1982

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Frame Construction
  • Stick Built Home

Interior Spaces

  • 900 Sq Ft Home
  • Property has 1 Level
  • Combination Kitchen and Living
  • Canal Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Parking

  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Water Access
  • Property is near a canal
  • Porch

Schools

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

Utilities

  • Electric Baseboard Heater
  • Municipal Trash

Community Details

  • Low-Rise Condominium
  • Sand Key Community

Listing and Financial Details

  • Tax Lot 5055
  • Assessor Parcel Number 10-225124

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,690

Year Built

Built in 1982

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1982
  • Remarks Public: Great first floor location! This is a 2 bedroom 2 bath corner unit with a rear deck. Enjoy all Ocean City has to offer whether it's the short distance to the beach or the bay at your back door. Take advantage of this fantastic offer!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Combination Kitchen/Living, Entry Level Bedroom, Primary Bath(s)
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 177.67
  • Above Grade Finished Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2803

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
  • Spa: No
  • View: Canal
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • 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: 250.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA: No
  • Senior Community: 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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2019
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5415939
  • Tax Annual Amount: 1690.00
  • Assessor Parcel Number: 10-225124
  • Tax Lot: 5055
  • Tax Total Finished Sq Ft: 900
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 09/27/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
Jul 26, 2023
Sold by
Bradford John and Holt Vicki
Bought by
Michalos Llc
Seller's Agent
Kimberly Gilbert
Northrop Realty
Buyer's Agent
Dennis Michalos
Lazar Real Estate
List Price
$349,500
Sold Price
$330,000
Premium/Discount to List
-$19,500
-5.58%
Total Days on Market
98
Views
439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%
Original Mortgage
$360,000
Interest Rate
6.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
May 6, 2019
Closed on
Sep 19, 2019
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Bradford John and Holt Vicki
Seller's Agent
Sheri Smith
Keller Williams Realty Delmarva
Buyer's Agent
ANNIE Buxbaum
Long & Foster Real Estate, Inc.
List Price
$184,900
Sold Price
$159,900
Premium/Discount to List
-$25,000
-13.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.71%
Original Mortgage
$143,910
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2018
Sold by
Maroulis Cindy and Maroulis John O
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 26, 2004
Sold by
Goodman Deborah M
Bought by
Maroulis John O and Maroulis Cindy Maroulis

Purchase Details

Closed on
Oct 14, 2004
Sold by
Goodman Deborah M
Bought by
Maroulis John O and Maroulis Cindy Maroulis

Purchase Details

Closed on
Jan 6, 1998
Sold by
Brous Joel D
Bought by
Goodman Deborah M

Map

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $330,000 Silver Title
Deed $159,900 None Available
Trustee Deed $126,000 None Available
Deed $195,000 --
Deed $195,000 --
Deed $62,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $360,000 Credit Line Revolving
Previous Owner $143,910 New Conventional
Previous Owner $204,000 Unknown
Previous Owner $185,747 Stand Alone Second
Closed -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 Price Changed $379,900 -1.3% $422 / Sq Ft
04/10/2025 04/10/25 Price Changed $384,900 -1.3% $428 / Sq Ft
04/03/2025 04/03/25 Price Changed $389,900 -1.3% $433 / Sq Ft
03/23/2025 03/23/25 Price Changed $394,900 -1.3% $439 / Sq Ft
10/29/2024 10/29/24 For Sale $399,900 +21.2% $444 / Sq Ft
08/01/2023 08/01/23 Sold $330,000 -5.6% $367 / Sq Ft
04/13/2023 04/13/23 For Sale $349,500 +118.6% $388 / Sq Ft
09/27/2019 09/27/19 Sold $159,900 0.0% $178 / Sq Ft
08/12/2019 08/12/19 Pending -- -- --
07/19/2019 07/19/19 Price Changed $159,900 -3.0% $178 / Sq Ft
07/05/2019 07/05/19 Price Changed $164,900 -2.9% $183 / Sq Ft
06/21/2019 06/21/19 Price Changed $169,900 -2.9% $189 / Sq Ft
06/07/2019 06/07/19 Price Changed $174,900 -5.4% $194 / Sq Ft
05/06/2019 05/06/19 For Sale $184,900 -- $205 / Sq Ft
Source: Bright MLS

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
2024 $2,302 $165,000 $0 $0
2023 $1,834 $130,500 $65,200 $65,300
2022 $1,779 $126,600 $0 $0
2021 $1,734 $122,700 $0 $0
2020 $1,679 $118,800 $59,400 $59,400
2019 $1,690 $118,800 $59,400 $59,400
2018 $1,673 $118,800 $59,400 $59,400
2017 $1,687 $118,800 $0 $0
2016 -- $118,800 $0 $0
2015 $1,944 $118,800 $0 $0
2014 $1,944 $130,500 $0 $0
Source: Public Records

Source: Bright MLS

MLS Number: MDWO106022

Bright MLS

APN: 10-225124