Seller's Agent in 2024
Ted Smith
Holiday Real Estate
(410) 289-8888
24 in this area
27 Total Sales
2821 Gull Way Ocean City, MD 21842
Estimated Value: $509,000 - $546,000
3
Beds
1.5
Baths
1,376
Sq Ft
$382/Sq Ft
Est. Value
Highlights
- Primary bedroom faces the bay
- Boat Ramp
- Home fronts navigable water
- Ocean City Elementary School Rated A
- Private Dock Site
- Access to Tidal Water
About This Home
As of December 2024Charming Bayside Townhome with Prime Amenities
Welcome to your ideal coastal retreat! This delightful two-level bayside townhome offers the perfect blend of comfort and convenience. With its shared boat slip and access to a boat ramp, your nautical adventures are right at your doorstep. Enjoy the sun-soaked days by the outdoor pool or explore nearby amusements, water parks, dining options, and shopping destinations.
The three bedroom, one and half bath home features a spacious full kitchen, central heat and air, and a full-size washer and dryer, ensuring every convenience for easy living. Two dedicated parking spaces and additional boat trailer parking add to the practicality of this residence.
With an established rental history, this townhome is not only a wonderful home away from home but also a savvy investment opportunity. Experience the best of beach living and make this charming property yours today!
Last Agent to Sell the Property
(410) 289-8888 tsmith@holidayoc.com Holiday Real Estate License #510438 Listed on: 08/30/2024
Last Buyer's Agent
(717) 649-7248 lisa.jackson@evrealestate.com Engel & Völkers Ocean City License #RS-0038166
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $4,217
Year Built
- Built in 1970
Lot Details
- Home fronts navigable water
- Home fronts a canal
- East Facing Home
HOA Fees
- $224 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Entry on the 1st floor
- Block Foundation
- Stick Built Home
Interior Spaces
- 1,376 Sq Ft Home
- Property has 2 Levels
- Furnished
- Ceiling Fan
- Window Treatments
- Dining Area
- Bay Views
Kitchen
- Gourmet Kitchen
- Electric Oven or Range
- Stove
- Built-In Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary bedroom faces the bay
Laundry
- Laundry on lower level
- Electric Dryer
- Washer
Parking
- 1 Open Parking Space
- 2 Parking Spaces
- 1 Detached Carport Space
- Paved Parking
- Parking Lot
- Off-Street Parking
Outdoor Features
- Access to Tidal Water
- Private Water Access
- Property near a bay
- Personal Watercraft
- Boat Ramp
- Private Dock Site
- Powered Boats Permitted
Location
- Flood Risk
Schools
- Ocean City Elementary School
- Stephen Decatur Middle School
- Stephen Decatur High School
Utilities
- Central Heating and Cooling System
- 120/240V
- 110 Volts
- Electric Water Heater
- Municipal Trash
- Phone Available
- Cable TV Available
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot A5
- Assessor Parcel Number 2410061024
Community Details
Overview
- Association fees include common area maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management
- Gullway Community
- Property Manager
Amenities
- Common Area
Recreation
- Boat Ramp
- Boat Dock
- 1 Community Docks
- Community Pool
- Fishing Allowed
Pet Policy
- Pets allowed on a case-by-case basis
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2024
Closed on
Dec 6, 2024
Sold by
Clements Charles R and Clements Kevin R
Bought by
Duerr George and Duerr Laura
Seller's Agent
Ted Smith
Holiday Real Estate
Buyer's Agent
LISA M JACKSON
Engel & Völkers Ocean City
List Price
$549,900
Sold Price
$530,000
Premium/Discount to List
-$19,900
-3.62%
Views
12
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
-$4,000
Avg. Annual Appreciation
-0.75%
Original Mortgage
$397,500
Outstanding Balance
$394,368
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$131,632
Purchase Details
Closed on
Feb 8, 1989
Sold by
Bowman Howard W
Bought by
Clements Charles R and Clements Kevin R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
10.55%
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 |
|---|---|---|---|
| Duerr George | $530,000 | Lakeside Title | |
| Duerr George | $530,000 | Lakeside Title | |
| Clements Charles R | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Duerr George | $397,500 | |
| Closed | Duerr George | $397,500 | |
| Previous Owner | Clements Charles R | $81,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/06/2024 12/06/24 | Sold | $530,000 | -3.6% | $385 / Sq Ft |
| 08/30/2024 08/30/24 | For Sale | $549,900 | -- | $400 / 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 | $4,527 | $331,533 | $0 | $0 |
| 2024 | $4,204 | $301,267 | $0 | $0 |
| 2023 | $3,820 | $271,000 | $135,500 | $135,500 |
| 2022 | $3,809 | $271,000 | $135,500 | $135,500 |
| 2021 | $3,830 | $271,000 | $135,500 | $135,500 |
| 2020 | $3,733 | $271,000 | $135,500 | $135,500 |
| 2019 | $3,733 | $263,200 | $0 | $0 |
| 2018 | $3,597 | $255,400 | $0 | $0 |
| 2017 | $3,385 | $247,600 | $0 | $0 |
| 2016 | -- | $238,433 | $0 | $0 |
| 2015 | $4,012 | $229,267 | $0 | $0 |
| 2014 | $4,012 | $220,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ted Smith
-
LISA M JACKSON
Buyer's Agent in 2024
LISA M JACKSON
Engel & Völkers Ocean City
(717) 649-7248
41 in this area
86 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2023008
APN: 10-061024
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