NOT LISTED FOR SALE

2817 Tern Dr Unit U35 Ocean City, MD 21842

Estimated Value: $312,314 - $341,000

1 Bed
1 Bath
1,050 Sq Ft
$315/Sq Ft Est. Value

Last Sold March 17, 2021

Last sale price $212,500 $202 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $2,224/month

1 Day on Market

Highlights

  • 1 Dock Slip
  • Pier
  • Home fronts navigable water
  • Ocean City Elementary School Rated A
  • Pier or Dock
  • Wood Burning Stove

About This Home

As of March 2021

Welcome Home to Old Port Cove and enjoy this townhome complete with deck and boat dock. Lovely water views. New bulkhead work is in progress and almost finished. Second floor loft serves as a private owners suite. Wood fireplace. Enjoy the community pool.

Last Agent to Sell the Property

Shelley Walter

(717) 968-1923 shelley.walter@cbhomes.com Coldwell Banker Realty Listed on: 02/05/2021

Coldwell Banker Realty

Last Buyer's Agent

Timothy Dozier

(410) 322-9065 tkdozier@gmail.com Sheppard Realty Inc License #649668

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,344

Year Built

  • Built in 1979

Lot Details

  • Home fronts navigable water
  • Home fronts a canal

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 1,050 Sq Ft Home
  • Property has 1.5 Levels
  • 1 Fireplace
  • Wood Burning Stove
  • Living Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Attached Carport Space
  • Parking Space Conveys

Outdoor Features

  • Pier
  • Water Access
  • Property near a bay
  • Bulkhead
  • Physical Dock Slip Conveys
  • 1 Dock Slip

Location

  • Flood Risk

Utilities

  • Multiple cooling system units
  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 35
  • Assessor Parcel Number 10-062098

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, management, pool(s)
  • Old Port Cove Community
  • Property Manager

Recreation

  • Pier or Dock
  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,344

Year Built

Built in 1979

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Bi-Level, Contemporary
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2021-02-05
  • Federal Flood Zone: Yes
  • Year Built: 1979
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Stove - Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1.5
  • Room List: Living Room, Kitchen
  • Basement: No
  • Total Sq Ft: 1050
  • Living Area Sq Ft: 1050
  • Price Per Sq Ft: 209.52
  • Above Grade Finished Sq Ft: 1050
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built, Wood Siding
  • Roof: Asphalt
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Carport Spaces: 1
  • Garage: No
  • Parking Features: Parking Space Conveys
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Carport

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit, Multi Units
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 625.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Pier/Dock, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Management, Pool(s)
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Bulkheaded
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5402242
  • Tax Annual Amount: 2344.00
  • Assessor Parcel Number: 10-062098
  • Tax Lot: 35
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2021
Closed on
Mar 17, 2021
Sold by
Haney Ian
Bought by
Moore Brian and Moore Stacey
Seller's Agent
Shelley Walter
Coldwell Banker Realty
Buyer's Agent
Timothy Dozier
Sheppard Realty Inc
List Price
$220,000
Sold Price
$212,500
Premium/Discount to List
-$7,500
-3.41%
Current Estimated Value
$330,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,329
Avg. Annual Appreciation
9.81%
Original Mortgage
$191,250
Outstanding Balance
$171,442
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$159,387

Purchase Details

Closed on
Jun 25, 2003
Sold by
Margaret Hogan Mary
Bought by
Ian Haney

Purchase Details

Closed on
Aug 8, 1989
Sold by
Condolan Edward J
Bought by
Hogan Joseph F and Mary Margaret
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Moore Brian $212,500 Bright Title And Settlement
Ian Haney $182,900 --
Hogan Joseph F $37,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Brian $191,250
Closed Ian Haney --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2021 03/17/21 Sold $212,500 -3.4% $202 / Sq Ft
02/07/2021 02/07/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $220,000 -- $210 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

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 $2,344 $165,900 $82,900 $83,000
2019 $2,264 $159,600 $0 $0
2018 $2,118 $153,300 $0 $0
2017 $2,087 $147,000 $0 $0
2016 $2,087 $147,000 $0 $0
2015 $1,566 $147,000 $0 $0
2014 $1,566 $147,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO119582

Bright MLS

APN: 10-062098