NOT LISTED FOR SALE

401 6th St Unit 302 Ocean City, MD 21842

Ocean City Area

Estimated Value: $1,286,514

4 Beds
3 Baths
2,562 Sq Ft
915 Sq Ft Lot

Sale Details

Date Sold: June 22, 2020

Last sale price $850,000 $332 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $8,731 / mo

344 Days on Market

Highlights

  • Primary bedroom faces the bay
  • Home fronts navigable water
  • Bay View
  • Ocean City Elementary School Rated A
  • Access to Tidal Water
  • Open Floorplan

About This Home

As of June 2020

Ocean City's only new direct bayfront condominium building, Bayview Grand! Already an award winning building! Located directly on the bay between 5th and 6th street, these magnificent 4 bed/3 bath luxury condos with a large bay front in ground pool and views like nothing Ocean City has ever seen! Two story penthouse boasts two master suites. Very unique outdoor space, covered AND open to air. You MUST see these with your own eyes!Take advantage of the tax breaks this property has as it is located in The Opportunity Zone District.

Last Agent to Sell the Property

Kevin Decker

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC License #532548 Listed on: 06/12/2019

Last Buyer's Agent

Deeley Chester

(443) 552-7579 joe@coastallifeoc.com Coastal Life Realty Group LLC License #611703

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,579

Year Built

  • Built in 2016

Lot Details

  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Sprinkler System
  • Cleared Lot
  • Property is in very good condition

HOA Fees

  • $752 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 2,562 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Combination Kitchen and Dining Room
  • Bay Views

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • Primary bedroom faces the bay

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property near a bay
  • Bulkhead
  • Multiple Balconies

Location

  • Flood Risk

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 3874
  • Assessor Parcel Number 10-768948

Community Details

Overview

  • $750 Capital Contribution Fee
  • Association fees include common area maintenance, exterior building maintenance, insurance, management, pool(s), reserve funds
  • Low-Rise Community
  • Bayview Grand Community

Amenities

  • Elevator

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,579

Year Built

Built in 2016

Lot Details

915 Sq Ft Lot

HOA Fees

$752 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: Personal Items, Contents of Closets and Drawers
  • Historic: No
  • Home Warranty: No
  • Inclusions: Partially Furnished
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2016
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Entry Floor: 3
  • Flooring Type: Carpet, Wood, Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Dining, Floor Plan - Open, Primary Bedroom - Bay Front, Sprinkler System, Upgraded Countertops
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 2562
  • Living Area Sq Ft: 2562
  • Price Per Sq Ft: 351.25
  • Above Grade Finished Sq Ft: 2562
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame, Stick Built, Vinyl Siding
  • Roof: Metal
  • View: Bay
  • Water Access: Yes
  • Water Body Name: Assawoman
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: Yes
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking
  • 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
  • Security: Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 9018.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Elevator, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

Fee Information

  • Capital Contribution Fee: 750.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Features: Bulkheaded, Cleared
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balconies- Multiple
  • Property Condition: Very Good
  • Zoning: RESIDENTIAL
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Partially
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 10466121
  • Tax Annual Amount: 14579.00
  • Assessor Parcel Number: 10-768948
  • Tax Lot: 3874
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jun 22, 2020
Sold by
Burbage Todd Edward and Burbage Amy Lynn
Bought by
Seller's Agent
Kevin Decker
Coastal Life Realty Group LLC
Buyer's Agent
Deeley Chester
Coastal Life Realty Group LLC
List Price
$949,900
Sold Price
$850,000
Premium/Discount to List
-$99,900
-10.52%
Current Estimated Value
$1,286,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$436,514
Avg. Annual Appreciation
6.87%
Original Mortgage
$510,000
Outstanding Balance
$440,928
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$845,586

Purchase Details

Closed on
Feb 3, 2017
Sold by
Tidewater Rentlsllc
Bought by
Burbage Todd Edward and Burbage Amy Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ocean City, MD

  • Sreedhar Maram Real Estate Agent - Maram Realty, LLC

    Sreedhar Maram

    Maram Realty, LLC

    (703) 498-2566

    194 Total Sales

    1 in Ocean City

    $617,990 Price

    Sreedhar Maram
     Section Image
  • Tanya Lewis Real Estate Agent - Cummings & Co. Realtors

    Tanya Lewis

    Cummings & Co. Realtors

    (667) 303-2196

    130 Total Sales

    4 in Ocean City

    $300K - $850K Price Range

    Tanya Lewis
     Section Image
  • Dara Lewis Real Estate Agent - The Pinnacle Real Estate Co.

    Dara Lewis

    The Pinnacle Real Estate Co.

    (667) 771-6897

    78 Total Sales

    1 in Ocean City

    $385,000 Price

    Dara Lewis
     Section Image
  • Biana Arentz Real Estate Agent - Coldwell Banker Realty

    Biana Arentz

    Coldwell Banker Realty

    (667) 230-5102

    106 Total Sales

    1 in Ocean City

    $425,000 Price

    Biana Arentz
     Section Image
  • Carol Tinnin Real Estate Agent - RE/MAX Leading Edge

    Carol Tinnin

    RE/MAX Leading Edge

    (667) 201-6958

    179 Total Sales

    3 in Ocean City

    $375K - $445K Price Range

    Carol Tinnin
     Section Image
  • Joe Howerton Real Estate Agent - Taylor Properties

    Joe Howerton

    Taylor Properties

    (240) 261-0514

    43 Total Sales

    1 in Ocean City

    $200,000 Price

    Joe Howerton
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$850,000 None Available
Burbage Todd Edward $1,050,000 Ocean Investment Title Corp
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $510,000
Previous Owner Burbage Todd Edward $735,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/22/2020 06/22/20 Sold $850,000 -5.5% $332 / Sq Ft
05/21/2020 05/21/20 Pending -- -- --
08/13/2019 08/13/19 Price Changed $899,900 -5.3% $351 / Sq Ft
06/12/2019 06/12/19 For Sale $949,900 -- $371 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $13,818 $1,101,600 $550,800 $550,800
2025 $13,818 $1,011,933 $0 $0
2024 $12,869 $922,267 $0 $0
2023 $11,701 $832,600 $416,300 $416,300
2022 $11,701 $832,600 $416,300 $416,300
2021 $11,765 $832,600 $416,300 $416,300
2020 $14,479 $1,024,800 $512,400 $512,400
2019 $12,520 $963,200 $0 $0
2018 $11,861 $901,600 $0 $0
2017 $11,861 $840,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Decker Real Estate Agent - Coastal Life Realty Group LLC

    Seller's Agent in 2020

    Kevin Decker

    Coastal Life Realty Group LLC

    (443) 235-6552

    277 Total Sales

    Kevin Decker
    Section Image
  • Deeley Chester Real Estate Agent - Coastal Life Realty Group LLC

    Buyer's Agent in 2020

    Deeley Chester

    Coastal Life Realty Group LLC

    (443) 235-1375

    118 Total Sales

    Deeley Chester
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO106990

Bright MLS

APN: 10-768948

Maryland Worcester County Ocean City 21842

401 6th St Unit 302, Ocean City, MD

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