NOT LISTED FOR SALE

Sea Gate 3001 Atlantic Ave Unit 506 Ocean City, MD 21842

Estimated Value: $382,000 - $411,000

1 Bed
1 Bath
874 Sq Ft
$1,231/mo HOA Fee

Last Sold January 05, 2024

Last sale price $355,000 $406 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,767/month

6 Days on Market

Highlights

  • 18 Feet of Waterfront
  • Coastal Architecture
  • 90% Forced Air Heating and Cooling System
  • Ocean City Elementary School Rated A
  • Community Pool

About This Home

As of January 2024

OCEANFRONT- Grab a coffee, relax and watch the sun rise over the beach from the spacious balcony of this charming fifth floor unit in the prestigious Seagate building. 4 oversized panels of the recently installed sliders span the width of the unit commanding magnificent views including the boardwalk just 3 blocks away. Move in ready 1 bedroom condo sleeps six comfortably featuring new waterproof vinyl plank flooring, new LR/DR furniture, recessed lighting and original artwork. Direct beach access from the secure private lobby. Enjoy ocean views from the pool. Includes parking in private lot,, bike room for owners, dedicated storage closet and outdoor shower.
MONTHLY CONDO FEE WILL BE $618 BEGINNING IN 2024

Last Listed By

Camie Disharoon

Sea Gate Sales & Rentals Listed on: 11/16/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,375

Year Built

  • Built in 1973

Lot Details

  • 18 Feet of Waterfront
  • Home fronts navigable water

HOA Fees

  • $1,231 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Built-Up Roof

Interior Spaces

  • 874 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • 90% Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 506
  • Assessor Parcel Number 2410051460

Community Details

Overview

  • Mid-Rise Condominium
  • Sea Gate Community
  • Property Manager

Recreation

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,375

Year Built

Built in 1973

Lot Details

0

HOA Fees

$1,231 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Coastal
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 5
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 874
  • Living Area Sq Ft: 874
  • Price Per Sq Ft: 434.67
  • Above Grade Finished Sq Ft: 874
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3001

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete
  • Roof: Built-Up
  • Spa: No
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No
  • Water Frontage In Feet: 18

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1231.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

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

Tax Info

  • Tax Annual Amount: 3375.00
  • Assessor Parcel Number: 2410051460
  • Tax Lot: 506
  • Tax Total Finished Sq Ft: 874
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 01/05/2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Jan 2, 2024
Sold by
Sadhukhan Ankur K and Sadhukhan Madhumita
Bought by
Baldwin Yang Wei
Seller's Agent
Camie Disharoon
Sea Gate Sales & Rentals
Buyer's Agent
Michael Dodson
Sheppard Realty Inc
List Price
$379,900
Sold Price
$355,000
Premium/Discount to List
-$24,900
-6.55%
Total Days on Market
6
Views
45
Current Estimated Value
$395,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,698
Avg. Annual Appreciation
8.12%
Original Mortgage
$319,500
Outstanding Balance
$315,629
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$80,069

Purchase Details

Closed on
May 24, 2013
Sold by
Lebold Mitchell Shane
Bought by
Sadhukhan Ankur K and Sadhukhan Madhumita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 1992
Sold by
Yerger Richard E and Yerger Geraldine J
Bought by
Boose Sandra Elaine

Purchase Details

Closed on
Apr 1, 1982
Sold by
30Th St Ronca Ltd
Bought by
Yerger Richard E and Yerger Geraldine J

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
Baldwin Yang Wei $355,000 Ocean Investments Title
Sadhukhan Ankur K $242,000 None Available
Boose Sandra Elaine $84,000 --
Yerger Richard E $5,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baldwin Yang Wei $319,500
Previous Owner Sadhukhan Ankur K $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $355,000 -6.6% $406 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
11/16/2023 11/16/23 For Sale $379,900 -- $435 / 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
2024 $3,865 $276,967 $0 $0
2023 $3,450 $245,500 $171,800 $73,700
2022 $3,364 $239,400 $0 $0
2021 $3,297 $233,300 $0 $0
2020 $3,210 $227,200 $159,000 $68,200
2019 $3,224 $226,600 $0 $0
2018 $3,183 $226,000 $0 $0
2017 $3,184 $225,400 $0 $0
2016 -- $225,400 $0 $0
2015 $3,608 $225,400 $0 $0
2014 $3,608 $225,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Camie Disharoon

    Sea Gate Sales & Rentals

    (410) 430-3063

    16 in this area

    16 Total Sales

    Camie Disharoon
    Section Image
  • Michael Dodson

    Buyer's Agent in 2024

    Michael Dodson

    Sheppard Realty Inc

    (410) 596-1681

    28 in this area

    75 Total Sales

    Michael Dodson
    Section Image
See All Agents

About Sea Gate

Map

Source: Bright MLS

MLS Number: MDWO2017516

Bright MLS

APN: 10-051460

Maryland Worcester County Ocean City 21842

3001 Atlantic Ave Unit 506, Ocean City, MD

Homes for Sale in Ocean City, MD

This home is located at 3001 Atlantic Ave Unit 506, Ocean City, MD 21842 since 16 November 2023 and is currently estimated at $395,698, approximately $452 per square foot. This property was built in 1973. 3001 Atlantic Ave Unit 506 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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