NOT LISTED FOR SALE

401 Atlantic Ave Ocean City, MD 21842

Estimated Value: $617,000 - $631,000

2 Beds
2 Baths
862 Sq Ft
$450/mo HOA Fee

Last Sold May 08, 2020

Last sale price $390,000 $452 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $4,188/month

204 Days on Market

Highlights

  • Ocean View
  • Home fronts navigable water
  • Public Water Access
  • Ocean City Elementary School Rated A
  • Sandy Beach
  • 4-minute walk to Sunset Park

About This Home

As of May 2020

Rare opportunity to purchase in a great ocean front building right on the boardwalk. See the sunrise from your ocean front balcony and sunsets on your 2nd balcony facing west overlooking the pool. North end unit gives a more open feel to rooms and additional ocean and bay views. Tastefully decorated. Upgraded new sliders in 2015. New HVAC 2019. Excellent rental income. Private storage locker at ground level.

Last Agent to Sell the Property

Joanna Laslo

(410) 629-0224 joanna@oceancitybeachproperties.com Beach Real Estate Inc License #RB-0003218 Listed on: 09/18/2019

Last Buyer's Agent

Palma Devic

(410) 723-4500 palma@century21newhorizon.com Century 21 New Horizon License #79210

Century 21 New Horizon

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,990

Year Built

  • Built in 1974

Lot Details

  • Home fronts navigable water
  • Sandy Beach
  • Public Beach
  • West Facing Home
  • Cleared Lot
  • Property is in very good condition

HOA Fees

  • $450 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Block Foundation
  • Built-Up Roof
  • Stick Built Home
  • Masonry

Interior Spaces

  • 862 Sq Ft Home
  • Property has 2.5 Levels
  • Furnished
  • 1 Fireplace
  • Window Treatments
  • Ocean Views
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Handicap Parking
  • Off-Street Parking
  • Fenced Parking

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Public Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Balcony
  • Deck

Location

  • Flood Risk

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Property is used as a vacation rental
  • Assessor Parcel Number 031508

Community Details

Overview

  • Association fees include management, trash, exterior building maintenance, common area maintenance
  • 30 Units
  • Mid-Rise Condominium
  • El Capitan Community
  • Non Development Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,990

Year Built

Built in 1974

Lot Details

131 Sq Ft Lot

HOA Fees

$450 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: Some personal items and pictures. Contents of Owners closet.
  • Federal Flood Insurance: Yes
  • Historic: No
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked
  • Entry Floor: 3
  • Interior Amenities: Entry Level Bedroom, Walk-In Closet(s), Window Treatments
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2.5
  • Basement: No
  • Total Sq Ft: 862
  • Living Area Sq Ft: 862
  • Price Per Sq Ft: 475.64
  • Above Grade Finished Sq Ft: 862
  • 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
  • Construction Materials: Masonry, Stick Built
  • Exterior Features: Outside Shower
  • Pool Features: In Ground
  • Roof: Built-Up
  • View: Ocean, Water
  • Water Access Features: Public Access, Public Beach, Swimming Allowed
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Handicap Parking, Fenced
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5400.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Management, Trash, Ext Bldg Maint, Common Area Maintenance
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Lot Features: Cleared
  • Outdoor Living Structures: Balcony, Deck(s)
  • Property Condition: Very Good
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Total Actual Rent: 30000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5399721
  • Tax Annual Amount: 4990.00
  • Assessor Parcel Number: 031508
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2019
Closed on
May 8, 2020
Sold by
Scott Robert Paul and Scott Janice Baltus
Bought by
Signori David T and Signori Pamela R
Seller's Agent
Joanna Laslo
Beach Real Estate Inc
Buyer's Agent
Palma Devic
Century 21 New Horizon
List Price
$410,000
Sold Price
$390,000
Premium/Discount to List
-$20,000
-4.88%
Current Estimated Value
$620,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,935
Avg. Annual Appreciation
8.38%
Original Mortgage
$292,500
Outstanding Balance
$259,196
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$361,739

Purchase Details

Closed on
Jul 20, 2009
Sold by
Vila Debra Ann
Bought by
Scott Robert Paul and Scott Janice Baltus

Purchase Details

Closed on
Nov 27, 2002
Sold by
Chafin William A
Bought by
Ann Vila Debra
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
Signori David T $390,000 None Available
Scott Robert Paul $385,000 --
Ann Vila Debra -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Signori David T $292,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2020 05/08/20 Sold $390,000 -4.9% $452 / Sq Ft
04/09/2020 04/09/20 Pending -- -- --
09/18/2019 09/18/19 For Sale $410,000 -- $476 / 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 $6,485 $474,933 $0 $0
2024 $5,917 $424,067 $0 $0
2023 $5,245 $373,200 $261,200 $112,000
2022 $5,140 $365,733 $0 $0
2021 $5,063 $358,267 $0 $0
2020 $4,956 $350,800 $245,500 $105,300
2019 $4,839 $340,167 $0 $0
2018 $4,641 $329,533 $0 $0
2017 $4,527 $318,900 $0 $0
2016 -- $318,900 $0 $0
2015 $4,030 $318,900 $0 $0
2014 $4,030 $318,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joanna Laslo

    Seller's Agent in 2020

    Joanna Laslo

    Beach Real Estate Inc

    (410) 629-0224

    20 in this area

    29 Total Sales

    Joanna Laslo
    Section Image
  • Palma Devic

    Buyer's Agent in 2020

    Palma Devic

    Century 21 New Horizon

    (443) 735-6334

    3 in this area

    3 Total Sales

    Palma Devic
    Section Image
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Map

Source: Bright MLS

MLS Number: MDWO109240

Bright MLS

APN: 10-031508

Maryland Worcester County Ocean City 21842

401 Atlantic Ave, Ocean City, MD

Not Listed for Sale

Condos

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