Seller's Agent in 2024
James Bacco
Keller Williams Realty Delmarva
15 in this area
26 Total Sales
2813 Tern Dr Unit 106 Ocean City, MD 21842
Estimated Value: $351,847 - $386,000
2
Beds
2
Baths
878
Sq Ft
$400/mo
HOA Fee
Highlights
- 10 Feet of Waterfront
- 1 Dock Slip
- Furnished
- Ocean City Elementary School Rated A
- Pier or Dock
- 4-minute walk to Robin Park
About This Home
As of May 2024Price adjustment on this amazing two bedroom two bath waterfront condo with a boat slip right outside the waterfront balcony which is only two steps off of the bulkhead!. Located on navigable water and a boat slip right outside your door that has electric already installed ! Two bedrooms and two bathrooms and over 850 square feet with loads of natural light and has been literally improved from the ground up. Many upgrades starting with a new HVAC in 8/2022, New high end washer and dryer, new water heater in 5/2022, new kitchen in 2022 with new stove and dishwasher and granite countertops, a new center island with cabinets, and new kitchen cabinets. Lots and lots of cabinet space. The crawl space underneath the condo has been encapsulated, the sub floor has been replaced and new LPV flooring throughout the entire condo has been installed. New front door with digital locks. You will be hard pressed to find a condo upgraded as much as this one has been upgraded. Reserve study has been completed and is reflected in the condo dues. The building has gone through a major redo in 2016 with new vinyl railings, new steps, new decking on front and rear decks proving building has been well maintained and had a positive influence on the reserve study. Two assigned parking spaces one of which is right outside your front door and plenty of parking on the street as well. First floor location allows for easy access to the boat dock and the bulkhead, no need to walk around the building to access your boat slip. Conveniently located within walking distance to the boardwalk and many of Ocean City's' iconic restaurants. You will have a hard time finding a condo with all that this one has to offer in this price point.
Buyers and their agent and contractors to independently verify any data, specifications, square footage, utility info or other content of this listing. Although the agent has made their best effort to gather reliable information, the listing agent has not independently verified all of the contents of this listing.
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Last Agent to Sell the Property
jimmybacco@gmail.com Keller Williams Realty Delmarva License #311079 Listed on: 02/20/2024
Last Buyer's Agent
(410) 430-0076 nedarhowell@gmail.com Long & Foster Real Estate, Inc. License #520592
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,351
Year Built
- Built in 1983
Lot Details
- 10 Feet of Waterfront
- Home fronts navigable water
HOA Fees
- $400 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Frame Construction
- Architectural Shingle Roof
Interior Spaces
- 878 Sq Ft Home
- Property has 1 Level
- Furnished
- Washer and Dryer Hookup
Kitchen
- Electric Oven or Range
- Stove
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- Parking Lot
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Water Access
- Property is near a canal
- Physical Dock Slip Conveys
- 1 Dock Slip
Location
- Flood Risk
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Tax Lot 106
- Assessor Parcel Number 2410232643
Community Details
Overview
- Association fees include common area maintenance
- Low-Rise Condominium
- Sea Robin Community
Recreation
- Pier or Dock
Pet Policy
- Dogs Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2024
Closed on
May 20, 2024
Sold by
Gates Brad
Bought by
Bozman Mark D and Bozman Amanda D
Seller's Agent
James Bacco
Keller Williams Realty Delmarva
Buyer's Agent
Neda Howell
Long & Foster Real Estate, Inc.
List Price
$419,000
Sold Price
$375,000
Premium/Discount to List
-$44,000
-10.5%
Views
111
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
-$9,538
Avg. Annual Appreciation
-1.66%
Original Mortgage
$235,000
Outstanding Balance
$231,705
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$133,757
Purchase Details
Closed on
Jan 27, 2022
Sold by
Miller Jr Robert S
Bought by
Gates Brad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,250
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 30, 1983
Sold by
Firth Richard K and Firth Bonita R
Bought by
Miller Robert S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,550
Interest Rate
12.96%
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 |
|---|---|---|---|
| Bozman Mark D | $375,000 | None Listed On Document | |
| Gates Brad | $275,000 | None Listed On Document | |
| Miller Robert S | $57,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bozman Mark D | $235,000 | |
| Previous Owner | Gates Brad | $261,250 | |
| Previous Owner | Miller Robert S | $45,550 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $375,000 | 0.0% | $427 / Sq Ft |
| 04/25/2024 04/25/24 | Price Changed | $375,000 | -3.6% | $427 / Sq Ft |
| 03/22/2024 03/22/24 | Price Changed | $389,000 | -2.5% | $443 / Sq Ft |
| 03/04/2024 03/04/24 | Price Changed | $399,000 | -4.8% | $454 / Sq Ft |
| 02/20/2024 02/20/24 | For Sale | $419,000 | -- | $477 / 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 | $3,037 | $222,400 | $0 | $0 |
| 2024 | $2,715 | $194,600 | $0 | $0 |
| 2023 | $2,351 | $166,800 | $83,400 | $83,400 |
| 2022 | $2,282 | $162,400 | $0 | $0 |
| 2021 | $2,233 | $158,000 | $0 | $0 |
| 2020 | $2,129 | $153,600 | $76,800 | $76,800 |
| 2019 | $2,129 | $150,100 | $0 | $0 |
| 2018 | $2,065 | $146,600 | $0 | $0 |
| 2017 | $2,032 | $143,100 | $0 | $0 |
| 2016 | -- | $143,100 | $0 | $0 |
| 2015 | $2,202 | $143,100 | $0 | $0 |
| 2014 | $2,202 | $157,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
James Bacco
-
Neda Howell
Buyer's Agent in 2024
Neda Howell
Long & Foster
(410) 430-0076
7 in this area
59 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2019140
APN: 10-232643
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