NOT LISTED FOR SALE

4 74th St Ocean City, MD 21842

Estimated Value: $474,000 - $558,000

2 Beds
2 Baths
900 Sq Ft
1983 Built

Sale Details

Date Sold: March 11, 2022

Last sale price $501,000 $557 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,425 / mo

31 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Public Beach
  • Ocean City Elementary School Rated A
  • Water Access
  • Oceanside

About This Home

As of March 2022

Amazing ocean views! This 2 bedroom 2 bath condo with southern exposure is perfectly located right in the heart of Ocean City and only minutes to the beach! The unit offers an open floor plan, breakfast bar, stainless steel appliances, and a brand new HVAC unit with salt resistant coating installed in December, 2021. The primary bedroom has a private bathroom and a great view of the ocean right from your bed! The recently renovated balcony has been completely redone with new railings in Spring of 2020. Call to schedule your tour today!

Last Agent to Sell the Property

Bethany Drew

(410) 208-9200 debbie@hilemanrealestate.com Hileman Real Estate-Berlin License #RS0015490 Listed on: 01/14/2022

Last Buyer's Agent

Bethany Drew

(410) 208-9200 debbie@hilemanrealestate.com Hileman Real Estate-Berlin License #RS0015490 Listed on: 01/14/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,307

Year Built

  • Built in 1983

Lot Details

  • Home fronts navigable water
  • Public Beach
  • Property is in very good condition

HOA Fees

  • $220 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Flat Roof Shape
  • Stick Built Home
  • Masonry

Interior Spaces

  • 900 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Window Screens
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • Off-Street Parking
  • 2 Assigned Parking Spaces

Outdoor Features

  • Water Access
  • Oceanside
  • Balcony

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 502
  • Assessor Parcel Number 2410249716

Community Details

Overview

  • Association fees include insurance, exterior building maintenance
  • Mid-Rise Community
  • Sand Trap Community
  • Property has 5 Levels

Pet Policy

  • Pets Allowed

Security

  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,307

Year Built

Built in 1983

Lot Details

0 Sq Ft Lot

HOA Fees

$220 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Contemporary, Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Exclusions: All Staging Items
  • Historic: No
  • Home Warranty: No
  • Inclusions: Drapery/Curtain Rods, Draperies/Curtains, Shade/Blinds, and Wall Mount TV brackets. Furniture included.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-01-14
  • Federal Flood Zone: Yes
  • Year Built: 1983
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Icemaker, Microwave, Refrigerator, Washer, Oven/Range - Electric, Stainless Steel Appliances
  • Entry Floor: 5
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Breakfast Area, Carpet, Crown Moldings, Floor Plan - Open, Primary Bath(s)
  • Window Features: Screens
  • Door Features: Storm
  • Levels Count: 5
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 538.78
  • Above Grade Finished Sq Ft: 900
  • 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: Concrete, Masonry, Stick Built
  • Roof: Flat
  • Spa: No
  • View: Ocean
  • Water Access Features: Public Beach
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 2640.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Elevator, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Insurance, Ext Bldg Maint
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • 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

  • Horses: No
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5418095
  • Tax Annual Amount: 3307.00
  • Assessor Parcel Number: 2410249716
  • Tax Lot: 502
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

Multi Family

  • Federal Flood Zone: VE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Mar 11, 2022
Sold by
Sand Trap 502 Llc
Bought by
Cromwell Peter
Seller's Agent
Bethany Drew
Hileman Real Estate-Berlin
Buyer's Agent
Bethany Drew
Hileman Real Estate-Berlin
List Price
$484,900
Sold Price
$501,000
Premium/Discount to List
$16,100
3.32%
Current Estimated Value
$519,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,025
Avg. Annual Appreciation
0.88%
Original Mortgage
$450,900
Outstanding Balance
$420,952
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$98,073
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cromwell Peter $501,000 Resort Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cromwell Peter $450,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2022 03/11/22 Sold $501,000 +3.3% $557 / Sq Ft
01/14/2022 01/14/22 For Sale $484,900 -- $539 / 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 $5,203 $381,000 $0 $0
2024 $4,291 $307,500 $0 $0
2023 $3,289 $234,000 $163,800 $70,200
2022 $3,289 $234,000 $163,800 $70,200
2021 $3,307 $234,000 $163,800 $70,200
2020 $3,319 $234,000 $163,800 $70,200
2019 $3,329 $234,000 $163,800 $70,200
2018 $3,296 $234,000 $163,800 $70,200
2017 $3,590 $252,900 $0 $0
2016 -- $252,900 $0 $0
2015 $4,028 $252,900 $0 $0
2014 $4,028 $265,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bethany Drew

    Seller's Agent in 2022

    Bethany Drew

    Hileman Real Estate-Berlin

    (410) 430-2602

    107 in this area

    430 Total Sales

    Bethany Drew
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Map

Source: Bright MLS

MLS Number: MDWO2004720

Bright MLS

APN: 10-249716

Maryland Worcester County Ocean City 21842

4 74th St, Ocean City, MD

Not Listed for Sale

Condos

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