Seller's Agent in 2024
Jay Phillips
Holiday Real Estate
(410) 726-8631
24 in this area
140 Total Sales
2817 Tern Dr Ocean City, MD 21842
Estimated Value: $330,029 - $369,000
1
Bed
1.5
Baths
1,050
Sq Ft
$331/Sq Ft
Est. Value
Highlights
- 30 Feet of Waterfront
- Boat Dock
- Open Floorplan
- Ocean City Elementary School Rated A
- Parking available for a boat
- Canal View
About This Home
As of July 2024The Old Port Cove Bayside Waterfront Townhouse. Recently Renovated and Turnkey this extra-large one bedroom unit has a King bed with a sitting area enclosed by French doors. As a bonus there is a loft area that accomodates a Queen Bed. The main full bath is a very spacious and renovated. In addition there is half bath and a full size W/D laundry area with shelving and two closets. The main level is a bright with an open space floorplan that leads out to your private deck area overlooking your deep water boatslip that has a wide pier for ease of loading and unloading. The boat slip is located on an enlarged canal which has easy access to bay and is just mins from the Inlet and Ocean. Recent additional upgrades and features include a newly installed Luxury solid surface flooring throughout. (no carpet for easy cleaning) and a Sliding Glass Door, installed less than a year ago. Unit comes with all Appliances and furniture, which were replaced new in the Fall of 2021 including a Queen sleep sofa and four recliners all by Ashley furniture. One assigned parking space which is right outside your unit under the carport, and one shared space. The Old Port Cove Complex has extra parking area for guests, and an additional parking lot for owner’s boat trailer for summer and winter months. Newly installed Trex boardwalk surrounds the dock area and the complex. There is a lot of green space for games and gatherings around the complex. Extra storage under the stairs, storage sheds on the deck and area under the deck. Newly installed Mini Split Unit provides effecient heat and air for lower electric bills. There are some great extras that come with the Unit. Two, 2-seater kayaks with paddles, life jackets, beach umbrella, beach carrier wagon, cushions for deck furniture. Unit is conveniently located near Jolly Rogers Amusement Park, Ocean City Boardwalk and restaurants galore. Step out your front door is the beautiful community POOL. There is a little neighborhood park in walking distance with slides and swings. Also, a pet area with supplied waste bags and a neighborhood railed pier. Walking to the beach you will find yourself at the end of the boardwalk, with easy access to the boardwalk tram. Everything you could possibly need, just bring your clothes, toothbrush, and start living a coastal beach life lifestyle. You dont want to miss this one!
Last Agent to Sell the Property
(410) 726-8631 jay@phillipscoastalgroup.com Holiday Real Estate Listed on: 06/07/2024
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,339
Year Built
- Built in 1979
Lot Details
- 30 Feet of Waterfront
- Home fronts navigable water
- Home fronts a canal
HOA Fees
- $333 Monthly HOA Fees
Home Design
- Coastal Architecture
- Frame Construction
- Architectural Shingle Roof
- Asphalt Roof
Interior Spaces
- 1,050 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Furnished
- Canal Views
- Crawl Space
Kitchen
- Eat-In Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
Laundry
- Electric Dryer
- Washer
Parking
- 4 Parking Spaces
- 2 Driveway Spaces
- 2 Attached Carport Spaces
- Parking available for a boat
Outdoor Features
- Water Access
- Property is near a canal
- Bulkhead
Utilities
- Central Heating and Cooling System
- Ductless Heating Or Cooling System
- Electric Water Heater
Additional Features
- Doors are 32 inches wide or more
- Flood Risk
Listing and Financial Details
- Tax Lot 27
- Assessor Parcel Number 2410062039
Community Details
Overview
- Association fees include lawn maintenance, management, pest control, pool(s)
- Old Port Cove Condos
- Old Port Cove Community
- Property Manager
Recreation
- Boat Dock
- Community Pool
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 7, 2024
Closed on
Jul 12, 2024
Sold by
Roache Philip L and Roache Alice P
Bought by
Jones Christopher Michael and Jones Angela Kristine
Seller's Agent
Jay Phillips
Holiday Real Estate
Buyer's Agent
Jim Terrill
RE/MAX One
List Price
$349,000
Sold Price
$340,000
Premium/Discount to List
-$9,000
-2.58%
Views
25
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
$8,007
Avg. Annual Appreciation
1.66%
Original Mortgage
$255,000
Outstanding Balance
$251,954
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$96,053
Purchase Details
Listed on
Aug 6, 2021
Closed on
Sep 7, 2021
Sold by
Hines Laura A and Hines Laura A
Bought by
Rcache Phillip L and Roache Alice P
Seller's Agent
Ryan Haley
Atlantic Shores Sotheby's International Realty
Buyer's Agent
Tamara Horseman
Sheppard Realty Inc
List Price
$279,000
Sold Price
$290,000
Premium/Discount to List
$11,000
3.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.72%
Original Mortgage
$224,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 12, 2005
Sold by
Todd Kibler E
Bought by
All Michael A & Laura A Hines
Purchase Details
Closed on
Dec 19, 2003
Sold by
Henry Sue A
Bought by
Todd Kibler E and Kibler Lorie M
Purchase Details
Closed on
Dec 17, 2002
Sold by
Piraino Peter A and Piraino Donna J
Bought by
Henry Sue A and Henry Scott L
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 |
|---|---|---|---|
| Jones Christopher Michael | $340,000 | Old Republic National Title | |
| Rcache Phillip L | $290,000 | Ocean Investments Title Corp | |
| All Michael A & Laura A Hines | $279,900 | -- | |
| Todd Kibler E | $228,500 | -- | |
| Henry Sue A | $180,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jones Christopher Michael | $255,000 | |
| Previous Owner | Rcache Phillip L | $224,000 | |
| Closed | Henry Sue A | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/12/2024 07/12/24 | Sold | $340,000 | -2.6% | $324 / Sq Ft | |
| 06/07/2024 06/07/24 | For Sale | $349,000 | +20.3% | $332 / Sq Ft | |
| 09/01/2021 09/01/21 | Sold | $290,000 | +3.9% | $276 / Sq Ft | View Prior Sale |
| 08/06/2021 08/06/21 | For Sale | $279,000 | -- | $266 / 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 | $2,339 | $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 | $2,293 | $147,000 | $0 | $0 |
| 2014 | $2,293 | $147,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Phillips
-
Joan Buchanan
Seller Co-Listing Agent in 2024
Joan Buchanan
Holiday Real Estate
(443) 783-7415
53 in this area
71 Total Sales
-
Jim Terrill
Buyer's Agent in 2024
Jim Terrill
RE/MAX One
(443) 880-2421
29 in this area
100 Total Sales
-
Ryan Haley
Seller's Agent in 2021
Ryan Haley
Atlantic Shores Sotheby's International Realty
(443) 880-8078
205 in this area
378 Total Sales
-
T
Buyer's Agent in 2021
Tamara Horseman
Sheppard Realty Inc
Map
Source: Bright MLS
MLS Number: MDWO2021274
APN: 10-062039
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