Seller's Agent in 2025
Dennis Michalos
Lazar Real Estate
(410) 458-3008
2 in this area
66 Total Sales
2803 Gull Way Unit B01 Ocean City, MD 21842
2
Beds
2
Baths
900
Sq Ft
$250/mo
HOA Fee
Highlights
- 15 Feet of Waterfront
- Pier or Dock
- Open Floorplan
- Ocean City Elementary School Rated A
- Bay View
- Coastal Architecture
About This Home
As of August 2023Enjoy the coastal convenience of being located just steps from enjoying both the beach and the bay in this Ocean City condo! This first level condo welcomes you home from a front shared deck that displays beautiful water views. An open and airy interior features a bright and neutral color palette and two sizeable bedrooms and two full baths. The spacious living room encourages gathering and is situated off the updated kitchen with new stainless appliances, painted cabinetry, breakfast island, and dining area. The generous primary suite hosts an attached full bath and invites in elegant streams of daylight. Sip your morning coffee or enjoy the evening sunsets over the water on your personal front deck as whispering summer breezes come off the bay. This condo is perfect for a full-time residence or beach getaway! Located near downtown Ocean City, you are steps from everything coastal living has to offer. Jolly Roger Amusement park is less than a block away along with many other opportunities for entertainment, dining, and shopping. Daily strolls on the Ocean City boardwalk are easy when you live directly across Coastal Highway from the North end!
Last Agent to Sell the Property
(724) 322-6744 kimberlygilbert@northroprealty.com Northrop Realty Listed on: 04/13/2023
Last Buyer's Agent
(410) 458-3008 dennismichalos@kw.com Lazar Real Estate License #662830
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,785
Year Built
- Built in 1982
Lot Details
- 15 Feet of Waterfront
- Home fronts navigable water
- Home fronts a canal
- Property is in excellent condition
HOA Fees
- $250 Monthly HOA Fees
Property Views
- Bay
- Canal
Home Design
- Coastal Architecture
- Entry on the 1st floor
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 900 Sq Ft Home
- Property has 1 Level
- Open Floorplan
- Ceiling Fan
- Insulated Windows
- Sliding Windows
- Window Screens
- Six Panel Doors
- Family Room Off Kitchen
- Living Room
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Self-Cleaning Oven
- Built-In Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- En-Suite Primary Bedroom
- En-Suite Bathroom
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
Parking
- Paved Parking
- Parking Lot
Outdoor Features
- Water Access
- Property is near a canal
- Balcony
- Deck
- Exterior Lighting
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Forced Air Heating and Cooling System
- Vented Exhaust Fan
- Electric Water Heater
Listing and Financial Details
- Tax Lot B
- Assessor Parcel Number 2410225124
Community Details
Overview
- Association fees include exterior building maintenance
- Low-Rise Condominium
- Sand Key Community
Recreation
- Pier or Dock
Pet Policy
- Pets allowed on a case-by-case basis
Security
- Fire and Smoke Detector
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%
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
4.23%
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
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 | 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 | |
| Closed | -- | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/15/2025 09/15/25 | Price Changed | $2,250 | -10.0% | $3 / Sq Ft | |
| 08/29/2025 08/29/25 | Price Changed | $2,500 | -16.7% | $3 / Sq Ft | |
| 08/14/2025 08/14/25 | For Rent | $3,000 | 0.0% | -- | |
| 06/02/2025 06/02/25 | For Sale | $379,900 | 0.0% | $422 / Sq Ft | |
| 05/20/2025 05/20/25 | Pending | -- | -- | -- | |
| 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 | View Prior Sale |
| 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 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 | $2,302 | $199,500 | $0 | $0 |
| 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
Agents Affiliated with this Home
-
Dennis Michalos
-
Kimberly Gilbert
Seller's Agent in 2023
Kimberly Gilbert
Creig Northrop Team of Long & Foster
(724) 322-6744
8 in this area
11 Total Sales
-
Sheri Smith
Seller's Agent in 2019
Sheri Smith
Keller Williams Realty Delmarva
(443) 614-2825
12 in this area
122 Total Sales
-
A
Buyer's Agent in 2019
ANNIE Buxbaum
Long & Foster
Map
Source: Bright MLS
MLS Number: MDWO2013398
APN: 10-225124
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