NOT LISTED FOR SALE

4 46th St Ocean City, MD 21842

Estimated Value: $402,303 - $464,000

2 Beds
2 Baths
880 Sq Ft
$202/ mo HOA Fee

Last Sold June 10, 2020

Last sale price $265,500 $302 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,812/month

25 Days on Market

Highlights

  • Furnished
  • Elevator
  • Central Heating and Cooling System
  • Ocean City Elementary School Rated A
  • No Interior Steps
  • Ceiling Fan

About This Home

As of June 2020

BACK ON MARKET (buyer financing fell through) This 2 bed 2 bath condo is located in PERFECT mid town location! Low density beaches and located right across from Seacrets Beach bar & Night club which makes it a great investment. Ground floor end unit w/ no stairs needed for access. Kitchen has been totally reconfigured to maximize living space & features a butcher block island w/ seating. Unit comes with 2 assigned parking spaces & full sized front loading washer/dryer as well. Low maintenance masonry building which keeps fees low at just over $200 per month! 2019 brought in 31k gross rental income & already has built in rentals for 2020 season! Make your virtual tour appt. today!!

Last Agent to Sell the Property

Katie Quinn

(410) 520-2600 ocwest@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #656189 Listed on: 04/22/2020

Berkshire Hathaway HomeServices PenFed Realty-WOC

Last Buyer's Agent

Carol Proctor

(410) 524-7000 oceancity@penfedrealty.com Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,154

Year Built

  • Built in 1985

HOA Fees

  • $202 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Masonry

Interior Spaces

  • 880 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Ceiling Fan

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • 2 Assigned Parking Spaces

Accessible Home Design

  • No Interior Steps
  • Level Entry For Accessibility

Location

  • Flood Risk

Schools

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

Utilities

  • Central Heating and Cooling System
  • Municipal Trash

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 112
  • Assessor Parcel Number 10-285844

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, reserve funds
  • Low-Rise Condominium
  • Salty Sands Community
  • Property Manager

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,154

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

HOA Fees

$202 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Level Entry - Main, No Stairs
  • Ownership: Condominium
  • Home Warranty: No
  • Inclusions: Fully furnished
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2020-04-24
  • Federal Flood Zone: Yes
  • Year Built: 1985
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 1
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 880
  • Living Area Sq Ft: 880
  • Price Per Sq Ft: 312.39
  • Above Grade Finished Sq Ft: 880
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 202.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Elevator, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • 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

  • Lot Dimensions: 0.00 x 0.00
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 31000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5421328
  • Tax Annual Amount: 3154.00
  • Assessor Parcel Number: 10-285844
  • Tax Lot: 112
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2020
Closed on
Jun 9, 2020
Sold by
Monachello Tara L and Monachello Robert C
Bought by
Mancini Richard F and Mancini Julie D
Seller's Agent
Katie Quinn
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$274,900
Sold Price
$265,500
Premium/Discount to List
-$9,400
-3.42%
Current Estimated Value
$436,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,576
Avg. Annual Appreciation
8.96%
Original Mortgage
$212,400
Outstanding Balance
$188,276
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$247,800

Purchase Details

Closed on
Feb 6, 2014
Sold by
Monachello Tara L and Monachello Robert C
Bought by
Monachello Tara L and Monachello Robert C

Purchase Details

Closed on
Jun 8, 2011
Sold by
Dorazio Camillo and Dorazio Tara L
Bought by
Dorazio Tara L and Monachello Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,200
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2007
Sold by
S&Y Pause Properties Inc
Bought by
Camillo Dorazio and Dorazio Tara L

Purchase Details

Closed on
Aug 4, 2007
Sold by
S&Y Pause Properties Inc
Bought by
Camillo Dorazio and Dorazio Tara L

Purchase Details

Closed on
Oct 12, 2004
Sold by
Ferrelli Gail M
Bought by
Sandy Pause Properties Inc

Purchase Details

Closed on
Apr 4, 2000
Sold by
Resh Cletus V and Resh Carolyn E
Bought by
Ferrelli Gail M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mancini Richard F $265,500 First American Title Ins Co
Monachello Tara L -- Global Title Inc
Dorazio Tara L $111,884 None Available
Camillo Dorazio $325,000 --
Camillo Dorazio $325,000 --
Sandy Pause Properties Inc $300,000 --
Ferrelli Gail M $114,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mancini Richard F $212,400
Previous Owner Dorazio Tara L $229,200
Closed Ferrelli Gail M --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2020 06/10/20 Sold $265,500 -3.4% $302 / Sq Ft
05/17/2020 05/17/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $274,900 0.0% $312 / Sq Ft
04/26/2020 04/26/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $274,900 -- $312 / Sq Ft
Source: Bright MLS

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 $4,093 $299,767 $0 $0
2024 $3,638 $260,733 $0 $0
2023 $3,116 $221,700 $110,800 $110,900
2022 $3,116 $221,700 $110,800 $110,900
2021 $3,133 $221,700 $110,800 $110,900
2020 $3,132 $221,700 $110,800 $110,900
2019 $3,137 $220,533 $0 $0
2018 $3,090 $219,367 $0 $0
2017 $3,010 $218,200 $0 $0
2016 -- $212,033 $0 $0
2015 $3,115 $205,867 $0 $0
2014 $3,115 $199,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO113364

Bright MLS

APN: 10-285844

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