Seller's Agent in 2024
LISA M JACKSON
Engel & Völkers Ocean City
(717) 649-7248
41 in this area
86 Total Sales
2817 Tern Dr Unit U34 Ocean City, MD 21842
Estimated Value: $340,709 - $374,000
1
Bed
2
Baths
1,050
Sq Ft
$338/Sq Ft
Est. Value
Highlights
- 30 Feet of Waterfront
- 1 Dock Slip
- More Than Two Accessible Exits
- Ocean City Elementary School Rated A
- Community Pool
- 2 Attached Carport Spaces
About This Home
As of December 2024Experience turnkey waterfront coastal living in this beautifully renovated 2-story condo. Boat owners - this is the spot for you! With a deeded boat slip, this canal-front condo is sure to please. Completely updated in 2023, no detail has been overlooked. Pergo flooring is found throughout and the home boasts a newly expanded kitchen with granite countertops and steel appliances. The main floor includes a new full bath, and a traditional staircase has replaced the spiral one for easier access to the second level. The second floor has been transformed into a spacious primary suite with a gorgeous walk-in shower and a new washer and dryer. There is also a versatile second bedroom with two built-in queen-sized bunk beds. Thoughtfully designed with luxury in mind, this condo boasts all-new furniture included in the sale. You'll also enjoy modern comfort with two new mini-split systems for heating and cooling. Step outside onto the deck to take in stunning water views or take a dip in the community pool. With 1.5 parking spaces and the added benefit of no prior rental history during ownership, this property offers a rare opportunity.
Last Agent to Sell the Property
(717) 649-7248 lisa.jackson@evrealestate.com Engel & Völkers Ocean City License #RS-0038166 Listed on: 09/27/2024
Last Buyer's Agent
(410) 726-3506 sallytoddrealtor@yahoo.com Berkshire Hathaway HomeServices PenFed Realty - OP License #611601
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,856
Year Built
- Built in 1979
Lot Details
- 30 Feet of Waterfront
- Home fronts navigable water
HOA Fees
- $333 Monthly HOA Fees
Home Design
- Stick Built Home
Interior Spaces
- 1,050 Sq Ft Home
- Property has 2 Levels
- Crawl Space
Bedrooms and Bathrooms
- 1 Bedroom
Parking
- 2 Parking Spaces
- 2 Attached Carport Spaces
- On-Street Parking
Outdoor Features
- Water Access
- Property is near a canal
- 1 Dock Slip
- Physical Dock Slip Conveys
- Powered Boats Permitted
Utilities
- Ductless Heating Or Cooling System
- Forced Air Heating System
- Electric Baseboard Heater
- Electric Water Heater
Additional Features
- More Than Two Accessible Exits
- Flood Risk
Listing and Financial Details
- Tax Lot 34
- Assessor Parcel Number 2410062284
Community Details
Overview
- Association fees include common area maintenance, insurance, management, pier/dock maintenance, pool(s), reserve funds, trash
- Old Port Cove Community
- Old Port Cove Subdivision
Recreation
- Community Pool
Pet Policy
- Pets allowed on a case-by-case basis
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 27, 2024
Closed on
Dec 5, 2024
Sold by
Duerr George A and Duerr Laura D
Bought by
Brady Paul and Brady Janelle
Seller's Agent
LISA M JACKSON
Engel & Völkers Ocean City
Buyer's Agent
Sally Todd Stout
Berkshire Hathaway HomeServices PenFed Realty - OP
List Price
$379,900
Sold Price
$360,000
Premium/Discount to List
-$19,900
-5.24%
Views
32
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
-$5,573
Avg. Annual Appreciation
-1.55%
Original Mortgage
$315,000
Outstanding Balance
$312,518
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$41,909
Purchase Details
Listed on
Jun 19, 2022
Closed on
Aug 23, 2022
Sold by
Hand Richard E
Bought by
Duerr George A and Duerr Laura D
Seller's Agent
Brenda Fornos
Taylor Properties
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$310,000
Sold Price
$300,000
Premium/Discount to List
-$10,000
-3.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Original Mortgage
$225,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 16, 1994
Sold by
Gough George H and Gough Phyllis L
Bought by
Hand Richard E and Hand Frances
Purchase Details
Closed on
Dec 19, 1985
Sold by
Kroeger Robert W
Bought by
Gough George H and Gough Phyllis L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
11.31%
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 |
|---|---|---|---|
| Brady Paul | $360,000 | Capitol Title | |
| Brady Paul | $360,000 | Capitol Title | |
| Duerr George A | $300,000 | Heritage Title | |
| Hand Richard E | $65,000 | -- | |
| Gough George H | $65,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Brady Paul | $315,000 | |
| Closed | Brady Paul | $315,000 | |
| Previous Owner | Duerr George A | $225,000 | |
| Previous Owner | Gough George H | $58,500 | |
| Closed | Hand Richard E | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/06/2024 12/06/24 | Sold | $360,000 | -5.2% | $343 / Sq Ft | |
| 09/27/2024 09/27/24 | For Sale | $379,900 | +26.6% | $362 / Sq Ft | |
| 08/23/2022 08/23/22 | Sold | $300,000 | 0.0% | $286 / Sq Ft | View Prior Sale |
| 07/05/2022 07/05/22 | Pending | -- | -- | -- | |
| 06/26/2022 06/26/22 | Price Changed | $300,000 | -3.2% | $286 / Sq Ft | |
| 06/19/2022 06/19/22 | For Sale | $310,000 | -- | $295 / 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 | $3,307 | $242,167 | $0 | $0 |
| 2024 | $2,847 | $204,033 | $0 | $0 |
| 2023 | $2,332 | $165,900 | $82,900 | $83,000 |
| 2022 | $2,332 | $165,900 | $82,900 | $83,000 |
| 2021 | $2,344 | $165,900 | $82,900 | $83,000 |
| 2020 | $2,264 | $165,900 | $82,900 | $83,000 |
| 2019 | $2,264 | $159,600 | $0 | $0 |
| 2018 | $2,159 | $153,300 | $0 | $0 |
| 2017 | $2,087 | $147,000 | $0 | $0 |
| 2016 | -- | $147,000 | $0 | $0 |
| 2015 | $1,398 | $147,000 | $0 | $0 |
| 2014 | $1,398 | $147,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
LISA M JACKSON
-
Sally Todd Stout
Buyer's Agent in 2024
Sally Todd Stout
Berkshire Hathaway HomeServices PenFed Realty - OP
(410) 726-3506
11 in this area
115 Total Sales
-
Brenda Fornos
Seller's Agent in 2022
Brenda Fornos
Taylor Properties
(410) 490-2972
12 in this area
74 Total Sales
-
datacorrect BrightMLS
d
Buyer's Agent in 2022
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: MDWO2023608
APN: 10-062284
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