NOT LISTED FOR SALE

The Polynesian 301 Atlantic Ave Unit 505 Ocean City, MD 21842

Estimated Value: $349,000 - $381,000

1 Bed
1 Bath
528 Sq Ft
$274/mo HOA Fee

Last Sold April 16, 2018

Last sale price $190,000 $360 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,536/month

138 Days on Market

Highlights

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

About This Home

As of April 2018

PRICE REDUCED! MOTIVATED SELLER...Fantastic location on the widest portion of the beach and the downtown boardwalk. The unit was owners vacation home and never rented. The large ocean front balcony overlooks the ocean and downtown boardwalk. The beautiful redesigned kitchen/dining room has custom made cabinets, computer table, ceramic floor, four burner glass top stove, and double sink. The living room has full size sofa bed with storage underneath. The bedroom has a select comfort queen bed with dual settings, several dressers and black out curtains. The balcony is a great place to relax and watch the sun and moon rise out of the ocean. The unit is fully furnished and ready to occupy.

Last Agent to Sell the Property

Donald Taylor

Keller Williams Realty of Delmarva-OC Listed on: 08/14/2017

Last Buyer's Agent

Ed Balcerzak

Berkshire Hathaway HomeServices PenFed Realty-WOC

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,231

Year Built

  • Built in 1972

Lot Details

  • Waterfront
  • Cleared Lot

HOA Fees

  • $274 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Modular or Manufactured Materials
  • Masonry
  • Stucco

Interior Spaces

  • 528 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Water Access
  • Property is near an ocean
  • Balcony

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Polynesian Condominum Association
  • Polynesian Community

Listing and Financial Details

  • Tax Lot 505
  • Assessor Parcel Number 030935

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,231

Year Built

Built in 1972

Lot Details

0

HOA Fees

$274 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Federal Flood Insurance: Unknown
  • Historic: No
  • New Construction: No
  • Year Built: 1972
  • Remarks Public: PRICE REDUCED! MOTIVATED SELLER...Fantastic location on the widest portion of the beach and the downtown boardwalk. The unit was owners vacation home and never rented. The large ocean front balcony overlooks the ocean and downtown boardwalk. The beautiful redesigned kitchen/dining room has custom made cabinets, computer table, ceramic floor, four burner glass top stove, and double sink. The living room has full size sofa bed with storage underneath. The bedroom has a select comfort queen bed with dual settings, several dressers and black out curtains. The balcony is a great place to relax and watch the sun and moon rise out of the ocean. The unit is fully furnished and ready to occupy.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Interior Amenities: Ceiling Fan(s), Elevator, Window Treatments
  • Window Features: Screens
  • Foundation Details: Slab
  • Living Area Units: Square Feet
  • Total Sq Ft: 528
  • Living Area Sq Ft: 528
  • Price Per Sq Ft: 407.20
  • 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, Modular/Manufactured
  • Construction Completed: No
  • 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

  • Garage: No
  • Parking Features: Off Street, Assigned
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 200.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3284.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Name: POLYNESIAN CONDOMINUM ASSOCIATION
  • 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
  • Zoning Description: R3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5399671
  • Assessor Parcel Number: 030935
  • Tax Lot: 505
  • County Tax Payment Frequency: Annually
  • Close Date: 04/16/2018

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2017
Closed on
Feb 28, 2018
Sold by
Schwartz Nancy A
Bought by
Puskaric Albert A and Puskaric Alice R
Seller's Agent
Donald Taylor
Keller Williams Realty of Delmarva-OC
Buyer's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Current Estimated Value
$365,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,753
Avg. Annual Appreciation
9.42%
Original Mortgage
$152,000
Outstanding Balance
$129,479
Interest Rate
4.04%
Mortgage Type
New Conventional
Estimated Equity
$239,176

Purchase Details

Closed on
Feb 16, 2007
Sold by
Harold Schwartz
Bought by
Schwartz Harold and Schwartz Nancy

Purchase Details

Closed on
Feb 9, 2007
Sold by
Harold Schwartz
Bought by
Schwartz Harold and Schwartz Nancy

Purchase Details

Closed on
Jul 31, 2000
Sold by
Tress William S and Tress Elizabeth
Bought by
Taylor Donald J

Purchase Details

Closed on
Feb 18, 1999
Sold by
Mayford Scott
Bought by
Tress William S and Tress Elizabeth

Purchase Details

Closed on
Jun 30, 1997
Sold by
Ceccarelli Donald P and Ceccarelli Sandra A
Bought by
Mayford Scott
Source: Public Records

Range of Values:

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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
Puskaric Albert A $190,000 Resourt Lanmd Title & Escrow
Schwartz Harold -- --
Harold Schwartz $315,000 --
Schwartz Harold -- --
Harold Schwartz $315,000 --
Taylor Donald J $105,000 --
Tress William S $90,000 --
Mayford Scott $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Puskaric Albert A $152,000
Previous Owner Schwartz Nancy $264,000
Closed Tress William S --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2018 04/16/18 Sold $190,000 -11.6% $360 / Sq Ft
12/31/2017 12/31/17 Pending -- -- --
11/17/2017 11/17/17 Price Changed $215,000 -4.4% $407 / Sq Ft
08/15/2017 08/15/17 For Sale $225,000 -- $426 / 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 $2,855 $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

  • D

    Seller's Agent in 2018

    Donald Taylor

    Keller Williams Realty of Delmarva-OC

  • Ed Balcerzak

    Buyer's Agent in 2018

    Ed Balcerzak

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (443) 497-4746

    74 in this area

    204 Total Sales

    Ed Balcerzak
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About The Polynesian

Map

Source: Bright MLS

MLS Number: 1000520252

Bright MLS

APN: 10-030935

Maryland Worcester County Ocean City 21842

301 Atlantic Ave Unit 505, Ocean City, MD

This home is located at 301 Atlantic Ave Unit 505, Ocean City, MD 21842 since 14 August 2017 and is currently estimated at $365,753, approximately $692 per square foot. This property was built in 1972. 301 Atlantic Ave Unit 505 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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