NOT LISTED FOR SALE

The Polynesian 301 Atlantic Ave Unit 101 Ocean City, MD 21842

Estimated Value: $349,000 - $394,000

1 Bed
1 Bath
528 Sq Ft
$271/mo HOA Fee

Last Sold October 11, 2017

Last sale price $215,000 $407 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,562/month

31 Days on Market

Highlights

  • Ocean View
  • Waterfront
  • Furnished
  • Ocean City Elementary School Rated A
  • Deck
  • 2-minute walk to 3rd Street Playground

About This Home

As of October 2017

Direct oceanfront! Rare offering! Enjoy the good life with million dollar views of the ocean in front of you! This end unit 1 bed. condo on the south side is completely renovated, tastefully done, being sold furnished - turn key! Sleeps 6 people. New heat pump in 2017. Renovated attractive kitchen with newer appliances. Updated bathroom with nice custom features. Smart, desirable open floor plan which is very inviting for entertaining. Relax & enjoy the sunrise on your spacious oceanfront deck. All the essentials right at your feet: the ocean, beach, boardwalk, restaurants, shops & all the attractions. A great rental property; must honor booked rentals. (Sat. change-over day.) The Polynesian building has a well managed condo assoc, assigned parking & storage. A must see!

Last Agent to Sell the Property

Barbara Carlson

Keller Williams Realty Listed on: 08/04/2017

Keller Williams Realty

Last Buyer's Agent

Steven Diaz

Atlantic Shores Sotheby's International Realty

Atlantic Shores Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,231

Year Built

  • Built in 1972

Lot Details

  • Waterfront
  • East Facing Home
  • Cleared Lot

HOA Fees

  • $271 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation
  • Built-Up Roof
  • Stick Built Home
  • Masonry
  • Stucco

Interior Spaces

  • 528 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Window Treatments
  • Living Room
  • Dining Room
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • 1 Parking Garage Space
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Balcony
  • Deck

Schools

  • Ocean City Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Additional Features

  • Flood Risk
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 101
  • Assessor Parcel Number 031192

Community Details

Overview

  • 1 Elevator
  • Polynesian Community

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,231

Year Built

Built in 1972

Lot Details

0

HOA Fees

$271 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Remarks Public: Direct oceanfront! Rare offering! Enjoy the good life with million dollar views of the ocean in front of you! This end unit 1 bed. condo on the south side is completely renovated, tastefully done, being sold furnished - turn key! Sleeps 6 people. New heat pump in 2017. Renovated attractive kitchen with newer appliances. Updated bathroom with nice custom features. Smart, desirable open floor plan which is very inviting for entertaining. Relax & enjoy the sunrise on your spacious oceanfront deck. All the essentials right at your feet: the ocean, beach, boardwalk, restaurants, shops & all the attractions. A great rental property; must honor booked rentals. (Sat. change-over day.) The Polynesian building has a well managed condo assoc, assigned parking & storage. A must see!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Disposal, Microwave, Oven/Range - Electric, Refrigerator
  • Entry Floor: 1
  • Interior Amenities: Entry Level Bedroom, Window Treatments
  • Door Features: Storm
  • Elevators Count: 1
  • Foundation Details: Pillar/Post/Pier
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Kitchen, Bedroom 1
  • Living Area Units: Square Feet
  • Total Sq Ft: 528
  • Living Area Sq Ft: 528
  • Price Per Sq Ft: 445.08
  • Above Grade Finished Sq Ft: 528
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 301

Beds/Baths

  • Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Masonry, Concrete, Stucco, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • View: Ocean, Water
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Water Frontage Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Off Street
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3256.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Outdoor Living Structures: Balcony, Deck(s)
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5399694
  • Assessor Parcel Number: 031192
  • Tax Lot: 101
  • County Tax Payment Frequency: Annually
  • Close Date: 10/11/2017

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2018
Sold by
Li Kuang Hui
Bought by
Li Kuang Hui and Li Tommy Li
Current Estimated Value
$369,296

Purchase Details

Listed on
Aug 4, 2017
Closed on
Oct 27, 2017
Sold by
Coplon Bonnie Sherin and Sherin Erek S
Bought by
Li Kuang Hui
Seller's Agent
Barbara Carlson
Keller Williams Realty
Buyer's Agent
Steven Diaz
Atlantic Shores Sotheby's International Realty
List Price
$235,000
Sold Price
$215,000
Premium/Discount to List
-$20,000
-8.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.14%
Original Mortgage
$80,000
Outstanding Balance
$20,718
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$348,578

Purchase Details

Closed on
Apr 23, 2015
Sold by
Coplon Bonnie and Coplon Emily
Bought by
Coplon Bonnie Sherin and Sherin Erek S

Purchase Details

Closed on
Jul 16, 1986
Sold by
Haederer Charles D
Bought by
Hepner Lloyd E and Hepner Janetta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,600
Interest Rate
10.59%

Purchase Details

Closed on
Feb 6, 1984
Sold by
Mann Walter C and Mann Sharon M
Bought by
Haederer Charles D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
13.26%
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
Li Kuang Hui -- None Available
Li Kuang Hui $3,200 None Available
Coplon Bonnie Sherin -- Ocean Investments Title Corp
Hepner Lloyd E $92,000 --
Haederer Charles D $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Kuang Hui $80,000
Previous Owner Hepner Lloyd E $73,600
Previous Owner Haederer Charles D $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2017 10/11/17 Sold $215,000 -8.5% $407 / Sq Ft
09/05/2017 09/05/17 Pending -- -- --
08/05/2017 08/05/17 For Sale $235,000 -- $445 / 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 $3,231 $262,533 $0 $0
2024 $3,231 $231,567 $0 $0
2023 $2,819 $200,600 $140,400 $60,200
2022 $2,819 $200,600 $140,400 $60,200
2021 $2,835 $200,600 $140,400 $60,200
2020 $2,834 $200,600 $140,400 $60,200
2019 $2,854 $200,600 $140,400 $60,200
2018 $2,825 $200,600 $140,400 $60,200
2017 $2,841 $201,100 $0 $0
2016 -- $201,100 $0 $0
2015 $3,453 $201,100 $0 $0
2014 $3,453 $229,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Barbara Carlson

    Keller Williams Realty

    Section Image
  • Steven Diaz

    Buyer's Agent in 2017

    Steven Diaz

    Atlantic Shores Sotheby's International Realty

    (410) 245-1089

    17 in this area

    60 Total Sales

    Section Image
  • Ryan Haley

    Buyer Co-Listing Agent in 2017

    Ryan Haley

    Atlantic Shores Sotheby's International Realty

    (443) 880-8078

    223 in this area

    401 Total Sales

    Section Image
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About The Polynesian

Map

Source: Bright MLS

MLS Number: 1000517036

Bright MLS

APN: 10-031192

Maryland Worcester County Ocean City 21842

301 Atlantic Ave Unit 101, Ocean City, MD

This home is located at 301 Atlantic Ave Unit 101, Ocean City, MD 21842 since 04 August 2017 and is currently estimated at $369,296, approximately $699 per square foot. This property was built in 1972. 301 Atlantic Ave Unit 101 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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