NOT LISTED FOR SALE

The Polynesian 301 Atlantic Ave Unit 501 Ocean City, MD 21842

Estimated Value: $349,000 - $393,181

1 Bed
1 Bath
528 Sq Ft
$288/mo HOA Fee

Last Sold November 12, 2021

Last sale price $348,000 $659 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,608/month

4 Days on Market

Highlights

  • 25 Feet of Waterfront
  • Access to Tidal Water
  • No Units Above
  • Ocean City Elementary School Rated A
  • Sandy Beach
  • 2-minute walk to 3rd Street Playground

About This Home

As of November 2021

South end, gorgeous ocean, beach, boardwalk views. A perfect vacation location!! Central AC, ceiling fans, remodeled, granite countertops, new cabinets, stainless appliances. Stacked washer/dryer in the unit, as well as a coin operated common area washer/dryer in basement of building.. Building includes an elevator and 1 parking spot behind building, no smoking and open year-round. Show great, professionally managed. Rental income grossed $22,204 in 2021 from June to end of September, Saturday to Saturday. Sold AS IS / WHAT IS. storage locker in basement

Last Agent to Sell the Property

Ms. Katherine A Panco

Berkshire Hathaway HomeServices PenFed Realty License #66133 Listed on: 10/13/2021

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Michael Thanner

Coldwell Banker Realty License #5006191

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,835

Year Built

  • Built in 1972

Lot Details

  • 25 Feet of Waterfront
  • Home fronts navigable water
  • Sandy Beach
  • Backs To Open Common Area
  • No Units Above
  • 1 Common Wall
  • Cleared Lot
  • Property is in very good condition

HOA Fees

  • $288 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Block Foundation
  • Built-Up Roof
  • Stick Built Home
  • Masonry

Interior Spaces

  • 528 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Combination Kitchen and Dining Room

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Home Security

Parking

  • 1 Off-Street Space
  • Free Parking
  • Parking Lot
  • Assigned Parking
  • Unassigned Parking

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Oceanside
  • Balcony

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash
  • Phone Available
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 501
  • Assessor Parcel Number 2410030927

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, reserve funds, trash, water
  • 55 Units
  • Mid-Rise Condominium
  • Polynesian Condos
  • Polynesian Community
  • Property Manager

Amenities

  • 1 Elevator
  • Community Storage Space

Pet Policy

  • Dogs and Cats Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,835

Year Built

Built in 1972

Lot Details

0

HOA Fees

$288 per month

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: NONE. Sold , AS IS, WHAT IS!
  • Historic: No
  • Home Warranty: No
  • Inclusions: As shown. Everything conveys.
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1972
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: South end, gorgeous ocean, beach, boardwalk views. A perfect vacation location!! Central AC, ceiling fans, remodeled, granite countertops, new cabinets, stainless appliances. Stacked washer/dryer in the unit, as well as a coin operated common area washer/dryer in basement of building.. Building includes an elevator and 1 parking spot behind building, no smoking and open year-round. Show great, professionally managed. Rental income grossed $22,204 in 2021 from June to end of September, Saturday to Saturday. Sold AS IS / WHAT IS. storage locker in basement
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Stove, Washer/Dryer Stacked, Water Heater
  • Entry Floor: 5
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Carpet, Ceiling Fan(s), Flat, Window Treatments, Combination Kitchen/Dining, Tub Shower, Upgraded Countertops
  • Fireplace: No
  • Common Walls: 1 Common Wall, No One Above
  • Elevators Count: 1
  • Foundation Details: Block
  • Floors In Unit Count: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 528
  • Living Area Sq Ft: 528
  • Price Per Sq Ft: 623.11
  • Above Grade Finished Sq Ft: 528
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 301

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: Block, Masonry, Stick Built
  • Roof: Built-Up, Flat
  • Spa: No
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: No
  • Water Frontage In Feet: 25

Garage/Parking

  • Garage: No
  • Parking Features: Free, General Common Elements, Unassigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Parking Lot
  • Off Street Parking Spaces: 1
  • Parking Lot Number Of Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 865.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Polynesian
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds, Trash, Water
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: 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
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 012
  • Lot Features: Backs - Open Common Area, Cleared, Corner
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 22204.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5399670
  • Tax Annual Amount: 2835.00
  • Assessor Parcel Number: 2410030927
  • Tax Lot: 501
  • Tax Page Number: 533
  • Tax Total Finished Sq Ft: 528
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 11/12/2021

Multi Family

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

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Nov 12, 2021
Sold by
Patane Anthony J and Patane Denise M
Bought by
Stump Charles W and Stump Mitchelle R
Seller's Agent
Ms. Katherine A Panco
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Michael Thanner
Coldwell Banker Realty
List Price
$329,000
Sold Price
$348,000
Premium/Discount to List
$19,000
5.78%
Current Estimated Value
$376,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,295
Avg. Annual Appreciation
2.50%

Purchase Details

Closed on
Jul 8, 2004
Sold by
Michael Hunt P
Bought by
Patane Anthony J and Patane Denise Marie
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stump Charles W $348,000 Fidelity National Title Ins
Patane Anthony J $330,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $348,000 +5.8% $659 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $329,000 -- $623 / 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 $2,845 $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 $2,855 $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

  • M

    Seller's Agent in 2021

    Ms. Katherine A Panco

    BHHS PenFed (actual)

    (443) 235-6222

    15 in this area

    22 Total Sales

    Ms. Katherine A Panco
    Section Image
  • Michael Thanner

    Buyer's Agent in 2021

    Michael Thanner

    Coldwell Banker Realty

    (443) 616-1092

    67 in this area

    96 Total Sales

    Michael Thanner
    Section Image
See All Agents

About The Polynesian

Map

Source: Bright MLS

MLS Number: MDWO2000245

Bright MLS

APN: 10-030927

Maryland Worcester County Ocean City 21842

301 Atlantic Ave Unit 501, Ocean City, MD

This home is located at 301 Atlantic Ave Unit 501, Ocean City, MD 21842 since 13 October 2021 and is currently estimated at $376,295, approximately $712 per square foot. This property was built in 1972. 301 Atlantic Ave Unit 501 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes