NOT LISTED FOR SALE

37 Island Edge Dr Unit LUT-E Ocean City, MD 21842

Estimated Value: $742,459 - $845,000

3 Beds
3.5 Baths
2,216 Sq Ft
$513/mo HOA Fee

Last Sold June 27, 2018

Last sale price $525,000 $237 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,466/month

Highlights

  • Pier or Dock
  • Private Beach Club
  • Canal View
  • Ocean City Elementary School Rated A
  • Fitness Center
  • Clubhouse

About This Home

As of June 2018

Let your boat bob around behind your new home! This townhome backs up to the canal, boat slips are available for lease now! This home was meticulously cared for and rarely occupied. This townhome is a non-rental & boasts a custom 3rd floor plan with two bedrooms & two bathrooms! The 4th floor loft bedroom is complete with a private South side balcony. You'll have views of the fireworks from three different locations! The inlet, Secrets & even Ocean Pines! Views from your rear balconies of the sunset are wonderful! There are only 17 townhomes backing the canal and they sell fast! Be sure to call and schedule a tour today!

Last Agent to Sell the Property

Chris Jett

(443) 523-2360 chris@shore4u.com RE/MAX Advantage Realty License #RS-0019287 Listed on: 04/20/2018

RE/MAX Advantage Realty

Last Buyer's Agent

Terry Riley

(443) 880-0512 terry@sunsetisland.net RE/MAX Advantage Realty

RE/MAX Advantage Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,657

Year Built

  • Built in 2005

HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Metal Roof
  • Stick Built Home

Interior Spaces

  • 2,216 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Window Screens
  • Canal Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Additional Features

  • Cleared Lot
  • Flood Risk

Listing and Financial Details

  • Tax Lot E37
  • Assessor Parcel Number 423694
  • $475 Front Foot Fee per year

Community Details

Overview

  • Association fees include common area maintenance, health club, pier/dock maintenance, pool(s), recreation facility, security gate
  • Cas HOA
  • Low-Rise Condominium
  • Sunset Island Subdivision

Amenities

  • Clubhouse
  • Game Room

Recreation

  • Pier or Dock
  • Private Beach Club
  • Community Playground
  • Fitness Center
  • Community Indoor Pool

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,657

Year Built

Built in 2005

Lot Details

0

HOA Fees

$513 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Exclusions: All personal items
  • Federal Flood Insurance: Yes
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Remarks Public: Let your boat bob around behind your new home! This townhome backs up to the canal, boat slips are available for lease now! This home was meticulously cared for and rarely occupied. This townhome is a non-rental & boasts a custom 3rd floor plan with two bedrooms & two bathrooms! The 4th floor loft bedroom is complete with a private South side balcony. You'll have views of the fireworks from three different locations! The inlet, Secrets & even Ocean Pines! Views from your rear balconies of the sunset are wonderful! There are only 17 townhomes backing the canal and they sell fast! Be sure to call and schedule a tour today!
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Washer
  • Interior Amenities: Entry Level Bedroom, Ceiling Fan(s), Walk-In Closet(s), Window Treatments
  • Window Features: Insulated, Screens
  • Foundation Details: Pillar/Post/Pier
  • Floors In Unit Count: 4
  • Levels Count: 3+
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2216
  • Living Area Sq Ft: 2216
  • Price Per Sq Ft: 252.66
  • Above Grade Finished Sq Ft: 2216
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 37

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame, Fiber Cement, Stick Built
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Metal
  • View: Canal, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Sewer Expenses: 475.00
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • HOA Fees: 3150.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3000.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach Club, Club House, Pier/Dock, Exercise Room, Game Room, Pool - Indoor, Pool - Outdoor, Tot Lots/Playground, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Health Club, Pier/Dock Maintenance, Pool(s), Recreation Facility, Security Gate
  • HOA Name: CAS
  • HOA: Yes
  • Community Pool Features: Indoor

Fee Information

  • Front Foot Fee Pymt Freq: Annually

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, Porch(es)
  • Zoning: RESIDENTIAL
  • Zoning Description: BMUD
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5431659
  • Tax Annual Amount: 6657.00
  • Assessor Parcel Number: 423694
  • Tax Lot: E37
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 06/27/2018

Multi Family

  • Front Foot Fee: 475.00

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2018
Closed on
Jun 27, 2018
Sold by
Gallegos Kathleen E
Bought by
Kerxton Jeffrey S and Kerxton Cynthia L
Seller's Agent
Chris Jett
RE/MAX Advantage Realty
Buyer's Agent
Terry Riley
RE/MAX Advantage Realty
List Price
$559,900
Sold Price
$525,000
Premium/Discount to List
-$34,900
-6.23%
Current Estimated Value
$805,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,865
Avg. Annual Appreciation
6.02%

Purchase Details

Closed on
Jun 14, 2007
Sold by
Gallegos Jerry L
Bought by
Gallegos Jerry L and Gallegos Kathleene

Purchase Details

Closed on
Jan 18, 2007
Sold by
Gallegos Jerry L
Bought by
Gallegos Jerry L and Gallegos Kathleene

Purchase Details

Closed on
Mar 18, 2004
Sold by
Nvr Inc
Bought by
Gallegos Jerry L and Gallegos Kathlene
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
Kerxton Jeffrey S $525,000 Brennan Title Co
Gallegos Jerry L -- --
Gallegos Jerry L -- --
Gallegos Jerry L $555,790 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2018 06/27/18 Sold $525,000 -6.2% $237 / Sq Ft
06/11/2018 06/11/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $559,900 -- $253 / 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 $8,310 $608,567 $0 $0
2024 $7,709 $552,433 $0 $0
2023 $6,996 $496,300 $248,100 $248,200
2022 $6,975 $496,300 $248,100 $248,200
2021 $7,013 $496,300 $248,100 $248,200
2020 $7,262 $514,000 $257,000 $257,000
2019 $7,154 $502,900 $0 $0
2018 $6,927 $491,800 $0 $0
2017 $6,657 $480,700 $0 $0
2016 -- $468,900 $0 $0
2015 $6,011 $457,100 $0 $0
2014 $6,011 $445,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1001562278

Bright MLS

APN: 10-423694