NOT LISTED FOR SALE

2840 Gull Way Ocean City, MD 21842

Estimated Value: $569,000 - $596,000

3 Beds
2.5 Baths
1,376 Sq Ft
$424/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $565,000 $411 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,849/month

Highlights

  • 20 Feet of Waterfront
  • Boat Ramp
  • Boat or Launch Ramp
  • Ocean City Elementary School Rated A
  • Private Dock Site
  • Parking available for a boat

About This Home

As of June 2022

Rare opportunity to own in the desirable Gullway community with its own boat ramp, boat/trailer storage, play area, pool & boardwalk. This beautiful 3BR, 2.5BA unit has its own boat lift and pier, carport, 2 new decks, windows and awnings. This great home comes completely furnished including all furniture & is ready to move in. Come enjoy Ocean City waterfront with only a quick walk to the beach & boardwalk. Must see to believe. Top it off with a 1 yr home warranty.

Last Agent to Sell the Property

Brenda Fornos

(410) 490-2972 bfornos1@gmail.com Taylor Properties Listed on: 05/13/2022

Taylor Properties

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,204

Year Built

  • Built in 1970

Lot Details

  • 20 Feet of Waterfront
  • Home fronts navigable water
  • Home fronts a canal
  • Property is in very good condition

HOA Fees

  • $404 Monthly HOA Fees

Home Design

  • Coastal Architecture

Interior Spaces

  • 1,376 Sq Ft Home
  • Property has 2 Levels
  • Furnished
  • Ceiling Fan
  • Awning
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Dining Room
  • Canal Views
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • 1 Detached Carport Space
  • Parking Lot
  • Parking available for a boat
  • Assigned Parking

Outdoor Features

  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Property is near a canal
  • Boat or Launch Ramp
  • Private Dock Site
  • Powered Boats Permitted
  • Balcony
  • Deck

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Association fees include cable TV, common area maintenance, insurance, lawn care front, management, pool(s)
  • Gullway Association Of Co Owners Condos
  • Gullway Community

Recreation

  • Boat Ramp
  • Community Pool
  • Fishing Allowed

Pet Policy

  • Limit on the number of pets

Additional Features

  • Common Area
  • Storm Doors

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,204

Year Built

Built in 1970

Lot Details

0

HOA Fees

$404 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Ownership: Condominium
  • Home Warranty: Yes
  • Inclusions: All furniture and furnishings convey to the new owners.
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: Rare opportunity to own in the desirable Gullway community with its own boat ramp, boat/trailer storage, play area, pool & boardwalk. This beautiful 3BR, 2.5BA unit has its own boat lift and pier, carport, 2 new decks, windows and awnings. This great home comes completely furnished including all furniture & is ready to move in. Come enjoy Ocean City waterfront with only a quick walk to the beach & boardwalk. Must see to believe. Top it off with a 1 yr home warranty.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer
  • Flooring Type: Carpet, Laminate Plank
  • Interior Amenities: Ceiling Fan(s)
  • Door Features: Sliding Glass, Storm
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Dining Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Bedroom 1, Laundry, Bathroom 1, Bathroom 2, Bathroom 3
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1376
  • Living Area Sq Ft: 1376
  • Price Per Sq Ft: 432.41
  • Above Grade Finished Sq Ft: 1376
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2840

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Awning(s), Boat Storage
  • Road Surface Type: Black Top
  • View: Canal
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 20

Garage/Parking

  • Garage: No
  • Number Of Detached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Carport, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • 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: 2425.32
  • Condo Co-Op Fee Frequency: Semi-Annually
  • Condo Co-Op Name: Gullway Association of Co-Owners
  • HOA Condo Co-Op Amenities: Boat Ramp, Common Grounds, Pool - Outdoor, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Insurance, Lawn Care Front, Management, Pool(s)
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Concrete, Fenced

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony, Deck(s)
  • Property Condition: Very Good
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: Number Limit
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5402180
  • Assessor Parcel Number: 00000000
  • Tax Total Finished Sq Ft: 1376
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/17/2022

Multi Family

  • Mean Low Water Feet: 4
  • Waterfront Features: Boat/Launch Ramp, Private Dock Site

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Jun 17, 2022
Sold by
Scott Faloon Randall
Bought by
Golightly Douglas Allen and Golightly Dawn Louise
Seller's Agent
Brenda Fornos
Taylor Properties
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$595,000
Sold Price
$565,000
Premium/Discount to List
-$30,000
-5.04%
Current Estimated Value
$583,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,778
Avg. Annual Appreciation
0.99%

Purchase Details

Listed on
Sep 22, 2019
Closed on
Jun 19, 2020
Sold by
Feeney Catherine D and Feeney Charles M
Bought by
Faloon Randall Scott
Seller's Agent
Brenda Fornos
Taylor Properties
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$293,000
Sold Price
$293,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.09%
Original Mortgage
$263,700
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 1997
Sold by
Hicks Lester W
Bought by
Feeney Charles M and Feeney Catherine D
Source: Public Records

Range of Values:

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Average Value
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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
Golightly Douglas Allen $565,000 Brennan Title
Faloon Randall Scott $293,000 Heritage Title Ltd
Feeney Charles M $116,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Faloon Randall Scott $263,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2022 06/17/22 Sold $565,000 -5.0% $411 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $595,000 +103.1% $432 / Sq Ft
06/19/2020 06/19/20 Sold $293,000 +1.0% $213 / Sq Ft View Prior Sale
05/18/2020 05/18/20 Pending -- -- --
05/14/2020 05/14/20 Price Changed $290,000 -0.2% $211 / Sq Ft
05/12/2020 05/12/20 Price Changed $290,500 -0.2% $211 / Sq Ft
05/05/2020 05/05/20 Price Changed $291,000 -0.3% $211 / Sq Ft
05/01/2020 05/01/20 Price Changed $292,000 -0.2% $212 / Sq Ft
04/22/2020 04/22/20 Price Changed $292,500 -0.2% $213 / Sq Ft
04/17/2020 04/17/20 For Sale $293,000 0.0% $213 / Sq Ft
04/14/2020 04/14/20 Off Market $293,000 -- --
04/06/2020 04/06/20 Price Changed $293,000 -0.2% $213 / Sq Ft
03/28/2020 03/28/20 Price Changed $293,500 -0.2% $213 / Sq Ft
03/20/2020 03/20/20 Price Changed $294,000 -0.2% $214 / Sq Ft
03/19/2020 03/19/20 Price Changed $294,500 -0.2% $214 / Sq Ft
03/12/2020 03/12/20 Price Changed $295,000 +900.0% $214 / Sq Ft
03/12/2020 03/12/20 Price Changed $29,500 -90.0% $21 / Sq Ft
03/10/2020 03/10/20 Price Changed $295,500 -1.2% $215 / Sq Ft
03/04/2020 03/04/20 Price Changed $299,000 -0.2% $217 / Sq Ft
02/27/2020 02/27/20 Price Changed $299,500 -0.1% $218 / Sq Ft
02/19/2020 02/19/20 Price Changed $299,900 0.0% $218 / Sq Ft
01/01/2020 01/01/20 Price Changed $300,000 -0.4% $218 / Sq Ft
12/20/2019 12/20/19 Price Changed $301,100 0.0% $219 / Sq Ft
12/17/2019 12/17/19 Price Changed $301,200 0.0% $219 / Sq Ft
12/13/2019 12/13/19 Price Changed $301,300 0.0% $219 / Sq Ft
12/07/2019 12/07/19 Price Changed $301,400 0.0% $219 / Sq Ft
12/03/2019 12/03/19 Price Changed $301,500 -0.2% $219 / Sq Ft
11/30/2019 11/30/19 Price Changed $302,000 -0.2% $219 / Sq Ft
11/23/2019 11/23/19 Price Changed $302,500 -0.2% $220 / Sq Ft
11/20/2019 11/20/19 Price Changed $303,000 -0.2% $220 / Sq Ft
11/15/2019 11/15/19 Price Changed $303,500 -0.2% $221 / Sq Ft
11/12/2019 11/12/19 Price Changed $304,000 -0.2% $221 / Sq Ft
11/10/2019 11/10/19 Price Changed $304,500 -0.2% $221 / Sq Ft
11/07/2019 11/07/19 Price Changed $305,000 -0.2% $222 / Sq Ft
11/07/2019 11/07/19 Price Changed $305,500 -0.2% $222 / Sq Ft
11/04/2019 11/04/19 Price Changed $306,000 -0.3% $222 / Sq Ft
10/28/2019 10/28/19 Price Changed $307,000 -3.2% $223 / Sq Ft
10/27/2019 10/27/19 Price Changed $317,000 -0.2% $230 / Sq Ft
10/25/2019 10/25/19 Price Changed $317,500 -0.1% $231 / Sq Ft
10/21/2019 10/21/19 Price Changed $317,900 0.0% $231 / Sq Ft
10/17/2019 10/17/19 Price Changed $318,000 -0.2% $231 / Sq Ft
10/15/2019 10/15/19 Price Changed $318,500 -1.1% $231 / Sq Ft
10/09/2019 10/09/19 Price Changed $322,000 -0.2% $234 / Sq Ft
10/06/2019 10/06/19 Price Changed $322,500 -0.2% $234 / Sq Ft
10/04/2019 10/04/19 Price Changed $323,000 -0.2% $235 / Sq Ft
10/02/2019 10/02/19 Price Changed $323,500 -0.2% $235 / Sq Ft
09/27/2019 09/27/19 Price Changed $324,000 -0.3% $235 / Sq Ft
09/22/2019 09/22/19 For Sale $325,000 -- $236 / 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 $4,204 $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

  • Brenda Fornos

    Seller's Agent in 2022

    Brenda Fornos

    Taylor Properties

    (410) 490-2972

    13 in this area

    73 Total Sales

    Brenda Fornos
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Map

Source: Bright MLS

MLS Number: MDWO2007820

Bright MLS

APN: 10-061377

Maryland Worcester County Ocean City 21842

2840 Gull Way, Ocean City, MD

This home is located at 2840 Gull Way, Ocean City, MD 21842 since 13 May 2022 and is currently estimated at $583,778, approximately $424 per square foot. This property was built in 1970. 2840 Gull Way is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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