NOT LISTED FOR SALE

Estimated Value: $512,683 - $567,000

1 Bed
2 Baths
930 Sq Ft
$510/ mo HOA Fee

Last Sold September 30, 2021

Last sale price $422,000 $454 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,809/month

56 Days on Market

Highlights

  • 20 Feet of Waterfront
  • Ocean View
  • Sandy Beach
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • Open Floorplan

About This Home

As of September 2021

Oversized direct oceanfront 1 bedroom condo at Summer Beach. Featuring 3 balconies including 1 oceanfront wrap around balcony and two West facing balconies. Most of the walls in this property are glass with 5 sliding glass doors. Views in every direction of the waves breaking all the way down the coastline. Convenient second floor location allows for easy access to stairs or a short elevator ride to the beach. Located only 8 blocks from Ocean City's famous boardwalk and within close proximity to popular restaurants and shopping. Summer Beach features a desk in the lobby, an outdoor pool, two glass elevators, and an attached parking garage. Professionally managed building by local property manager. Also, a weekly rental property with the majority of Summer 2021 already booked. All rentals must be honored. Showings Saturdays only between 10am and 2pm. Seller is firm on asking price.

Last Agent to Sell the Property

Jonathan Barker

(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #618143 Listed on: 06/16/2021

Keller Williams Realty Delmarva

Last Buyer's Agent

Jonathan Barker

(410) 524-6400 lwbunting@comcast.net Keller Williams Realty Delmarva License #618143 Listed on: 06/16/2021

Keller Williams Realty Delmarva

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,257

Year Built

  • Built in 1986

Lot Details

  • 20 Feet of Waterfront
  • Ocean Front
  • Sandy Beach
  • 1 Common Wall
  • East Facing Home
  • Cleared Lot
  • Property is in good condition

HOA Fees

  • $510 Monthly HOA Fees

Parking

  • Handicap Parking
  • Assigned Parking Garage Space
  • Side Facing Garage

Home Design

  • Entry on the 2nd floor
  • Flat Roof Shape
  • Pillar, Post or Pier Foundation

Interior Spaces

  • 930 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Dining Area

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Stacked Washer and Dryer

Home Security

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Water Oriented
  • Property is near an ocean
  • Multiple Balconies
  • Wrap Around Porch

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 201
  • Assessor Parcel Number 10-300665

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, pool(s), reserve funds, snow removal, water
  • Mid-Rise Condominium
  • Summer Beach Condos
  • Summer Beach Community
  • Property Manager

Amenities

  • 2 Elevators

Recreation

  • Fenced Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Front Desk in Lobby
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,257

Year Built

Built in 1986

Lot Details

0 Sq Ft Lot

HOA Fees

$510 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Exclusions: Seller to provide a list of any personal items excluded
  • Historic: No
  • Home Warranty: No
  • Inclusions: Fully Furnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-06-16
  • Federal Flood Zone: Yes
  • Year Built: 1986
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Exhaust Fan, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 2
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Flat, Floor Plan - Open, Pantry, Walk-In Closet(s), Window Treatments
  • Fireplace: No
  • Common Walls: 1 Common Wall
  • Door Features: Sliding Glass
  • Elevators Count: 2
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Main Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 930
  • Living Area Sq Ft: 930
  • Price Per Sq Ft: 483.76
  • Above Grade Finished Sq Ft: 930
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete
  • Exterior Features: Outside Shower
  • Roof: Flat
  • Spa: No
  • View: Ocean
  • Water Access: No
  • Water Body Name: Atlantic
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 20

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: No
  • Parking Features: Handicap Parking
  • Garage Features: Garage - Side Entry
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Garage
  • Parking Garage Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: Desk In Lobby, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 510.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Summer Beach
  • HOA Condo Co-Op Amenities: Elevator, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds, Snow Removal, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Concrete, Fenced, In Ground

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Features: Cleared
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balconies- Multiple, Wrap Around
  • Property Condition: Good
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5422635
  • Tax Annual Amount: 5257.00
  • Assessor Parcel Number: 10-300665
  • Tax Lot: 201
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

Multi Family

  • Federal Flood Zone: X
  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2023
Sold by
Marshall John W and Marshall Jean M
Bought by
John And Jean Marshall Living Trust and Marshall
Current Estimated Value
$538,921

Purchase Details

Listed on
Jun 16, 2021
Closed on
Sep 30, 2021
Sold by
Reyes Robert J
Bought by
Marshall John and Marshall Jean
Seller's Agent
Jonathan Barker
Keller Williams Realty Delmarva
Buyer's Agent
Jonathan Barker
Keller Williams Realty Delmarva
List Price
$449,900
Sold Price
$422,000
Premium/Discount to List
-$27,900
-6.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$379,800
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2003
Sold by
Wiessel John B
Bought by
Reyes Robert J

Purchase Details

Closed on
Sep 9, 1997
Sold by
Mario Coppa and Coppa Mario
Bought by
Wiessel John B

Purchase Details

Closed on
Oct 9, 1986
Sold by
Summer Beach Inc
Bought by
Coppa Mario and Mario Coppa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
10.08%
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
John And Jean Marshall Living Trust -- None Listed On Document
Marshall John $422,000 Real Estate Title & Escrow
Reyes Robert J $305,000 --
Wiessel John B $158,000 --
Coppa Mario $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marshall John $379,800
Previous Owner Coppa Mario $128,000
Closed Reyes Robert J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $422,000 -6.2% $454 / Sq Ft
06/16/2021 06/16/21 For Sale $449,900 -- $484 / Sq Ft
Source: Bright MLS

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 $5,935 $434,600 $0 $0
2024 $5,628 $403,300 $0 $0
2023 $5,228 $372,000 $260,400 $111,600
2022 $5,228 $372,000 $260,400 $111,600
2021 $5,257 $372,000 $260,400 $111,600
2020 $5,157 $372,000 $260,400 $111,600
2019 $5,173 $363,600 $0 $0
2018 $5,003 $355,200 $0 $0
2017 $4,924 $346,800 $0 $0
2016 -- $346,800 $0 $0
2015 $4,368 $346,800 $0 $0
2014 $4,368 $400,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO123186

Bright MLS

APN: 10-300665

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