NOT LISTED FOR SALE

31 Canal Side Mews E Unit BP31 Ocean City, MD 21842

Estimated Value: $856,273 - $985,000

4 Beds
4.5 Baths
2,378 Sq Ft
$379/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $570,000 $240 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $6,128/month

Highlights

  • Waterfront
  • Community Pool
  • Central Heating and Cooling System
  • Ocean City Elementary School Rated A
  • 2 Car Attached Garage

About This Home

As of July 2020

Beautiful Townhouse , on canal near bay with a great view of bay. Jogging trail outside door, and close to private beach. Hardwood floors in living area, extra large area with extended kitchen. In move n condition fully furnished, Must honor 2020 rentals. Many balconies an decks, large garage.

Last Agent to Sell the Property

Keti Lynch

(443) 235-5482 keti@shorepro.com Shoreline Properties Listed on: 02/14/2020

Last Buyer's Agent

Mitchell David

(443) 614-7048 mitchelldavid06@gmail.com Sheppard Realty Inc License #636139

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,716

Year Built

  • Built in 2007

Lot Details

  • 1,437

HOA Fees

  • $600 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Frame Construction

Interior Spaces

  • 2,378 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Outdoor Features

  • Water Access
  • Property is near a canal

Utilities

  • Central Heating and Cooling System
  • Public Septic

Additional Features

  • Waterfront
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot BP31
  • Assessor Parcel Number 10-752507

Community Details

Overview

  • Sunset Island Community
  • Sunset Island Subdivision
  • Property Manager

Recreation

  • Community Pool

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,716

Year Built

Built in 2007

Lot Details

0

HOA Fees

$600 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2007
  • Remarks Public: Beautiful Townhouse , on canal near bay with a great view of bay. Jogging trail outside door, and close to private beach. Hardwood floors in living area, extra large area with extended kitchen. In move n condition fully furnished, Must honor 2020 rentals. Many balconies an decks, large garage.
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 2378
  • Living Area Sq Ft: 2378
  • Price Per Sq Ft: 250.21
  • Above Grade Finished Sq Ft: 2378
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 31

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 5.00
  • Main Level Full Bathrooms: 4
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: Yes
  • Water Body Type: Canal
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 1800.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: OCEAN CITY
  • In City Limits: Yes

Rental Info

  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5435988
  • Tax Annual Amount: 7716.00
  • Assessor Parcel Number: 10-752507
  • Tax Lot: BP31
  • Tax Total Finished Sq Ft: 2378
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 07/31/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2020
Closed on
Jul 31, 2020
Sold by
Falconetti Raymond D and Falconetti Raymond D
Bought by
Suggs Jinna Marie and Suggs Stephen Christopher
Seller's Agent
Keti Lynch
Shoreline Properties
Buyer's Agent
Mitchell David
Sheppard Realty Inc
List Price
$595,000
Sold Price
$570,000
Premium/Discount to List
-$25,000
-4.2%
Current Estimated Value
$902,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,318
Avg. Annual Appreciation
9.25%
Original Mortgage
$456,000
Outstanding Balance
$405,251
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$497,067

Purchase Details

Listed on
Feb 14, 2020
Closed on
Jul 23, 2020
Sold by
Bradford Street Llc
Bought by
Falconetti Raymond D and Falconetti Raymond D
Seller's Agent
Keti Lynch
Shoreline Properties
Buyer's Agent
Mitchell David
Sheppard Realty Inc
List Price
$595,000
Sold Price
$570,000
Premium/Discount to List
-$25,000
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Outstanding Balance
$405,251
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$497,067

Purchase Details

Closed on
Jan 17, 2007
Sold by
Nvr Inc
Bought by
Bradford Street Llc

Purchase Details

Closed on
Dec 29, 2006
Sold by
Nvr Inc
Bought by
Bradford Street Llc
Source: Public Records

Range of Values:

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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
Suggs Jinna Marie $570,000 Ocean Investments Title Corp
Falconetti Raymond D -- None Available
Bradford Street Llc $706,670 --
Bradford Street Llc $706,670 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suggs Jinna Marie $456,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2020 07/31/20 Sold $570,000 -4.2% $240 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $595,000 -- $250 / 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 $8,696 $704,067 $0 $0
2024 $8,696 $623,233 $0 $0
2023 $7,623 $542,400 $271,200 $271,200
2022 $7,623 $542,400 $271,200 $271,200
2021 $7,665 $542,400 $271,200 $271,200
2020 $7,664 $542,400 $271,200 $271,200
2019 $7,693 $542,400 $271,200 $271,200
2018 $7,639 $542,400 $271,200 $271,200
2017 $7,418 $547,100 $0 $0
2016 -- $522,533 $0 $0
2015 $5,967 $497,967 $0 $0
2014 $5,967 $473,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Keti Lynch

    Seller's Agent in 2020

    Keti Lynch

    Shoreline Properties

    (443) 235-5482

    53 in this area

    57 Total Sales

    Keti Lynch
    Section Image
  • Mitchell David

    Buyer's Agent in 2020

    Mitchell David

    Sheppard Realty Inc

    (443) 614-7048

    115 in this area

    149 Total Sales

    Mitchell David
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO112134

Bright MLS

APN: 10-752507

Maryland Worcester County Ocean City 21842

31 Canal Side Mews E Unit BP31, Ocean City, MD

This home is located at 31 Canal Side Mews E Unit BP31, Ocean City, MD 21842 since 14 February 2020 and is currently estimated at $902,318, approximately $379 per square foot. This property was built in 2007. 31 Canal Side Mews E Unit BP31 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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