NOT LISTED FOR SALE

401 Atlantic Ave Ocean City, MD 21842

Estimated Value: $560,806 - $634,000

2 Beds
2 Baths
862 Sq Ft
$695/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $450,000 $522 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,197/month

12 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Ocean View
  • Coastal Architecture
  • Ocean City Elementary School Rated A
  • Public Beach
  • 4-minute walk to Sunset Park

About This Home

As of October 2021

Ocean Front Vacations - Enjoy the Ocean Views from your Balcony, Enjoy your VACATION in Nicely decorated Condominium. 2 Bedrooms, 2 Bathrooms. Right on the Board Walk. Wonderful Pool to enjoy relaxing with view from your bedroom. Full kitchen, with Microwave, coffee maker, toaster, dish washer. The Condo has Washer & Dryer. Elevator, out door pool, parking for 1 vehicle and added parking available on 4th St next to building or across Philadelphia ave in City Parking lot. The Condo is Pent house style with different floors for privacy. The Unit sleeps up to 7

Last Agent to Sell the Property

John Edwards

(410) 212-3414 johntoni74@gmail.com Long & Foster Real Estate, Inc. Listed on: 08/30/2021

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Tina Busko

(865) 300-5609 tina.busko@cbrealty.com Coldwell Banker Realty License #681360

Coldwell Banker Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,168

Year Built

  • Built in 1974

Lot Details

  • 200 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Public Beach
  • East Facing Home
  • Property is in very good condition

HOA Fees

  • $527 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Flat Roof Shape

Interior Spaces

  • 862 Sq Ft Home
  • Property has 2 Levels
  • 1 Elevator
  • Furnished
  • Ceiling Fan
  • Sliding Doors
  • Open Floorplan
  • Ocean Views

Kitchen

  • Electric Oven or Range
  • Microwave

Bedrooms and Bathrooms

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Outdoor Features

  • Water Access
  • Property is near an ocean

Utilities

  • Central Heating and Cooling System
  • 120/240V
  • Electric Water Heater

Additional Features

  • Doors swing in
  • Flood Risk

Listing and Financial Details

  • Tax Lot 105
  • Assessor Parcel Number 10-031826

Community Details

Overview

  • Association fees include common area maintenance, lawn care front
  • El Capitan Condos
  • El Capitan Community

Recreation

  • Community Pool

Pet Policy

  • Pets allowed on a case-by-case basis

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,168

Year Built

Built in 1974

Lot Details

0

HOA Fees

$527 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Accessibility Features: Doors - Swing In
  • Ownership: Condominium
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Elevator
  • Door Features: Sliding Glass
  • Elevators Count: 1
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 862
  • Living Area Sq Ft: 862
  • Price Per Sq Ft: 522.04
  • Above Grade Finished Sq Ft: 862
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Roof: Flat
  • View: Ocean
  • Water Access Features: Public Beach
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 200

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Electric Service: 120/240V
  • Heating Fuel: Electric
  • Heating Type: Central
  • 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: 1581.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: El Capitan
  • HOA Condo Co-Op Amenities: Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Care Front
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Fenced

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Zoning: R-3
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 5399750
  • Tax Annual Amount: 5168.00
  • Assessor Parcel Number: 10-031826
  • Tax Lot: 105
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2022
Sold by
Jane Lim
Bought by
Jada Beach Llc
Current Estimated Value
$599,202

Purchase Details

Listed on
Aug 30, 2021
Closed on
Oct 22, 2021
Sold by
Shipley Beatrice A
Bought by
Lim Jane
Seller's Agent
John Edwards
Long & Foster Real Estate, Inc.
Buyer's Agent
Tina Busko
Coldwell Banker Realty
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$337,500
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 1987
Sold by
Shifflett Cecil E
Bought by
Shipley Kenneth M and Shipley Beatrice A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
9.32%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Jada Beach Llc -- Mid -Atlantic Settlement Servi
Lim Jane $450,000 Mid Atlantic Stlmt Svcs Llc
Shipley Kenneth M $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lim Jane $337,500
Previous Owner Shipley Kenneth M $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $450,000 0.0% $522 / Sq Ft
09/11/2021 09/11/21 Pending -- -- --
09/10/2021 09/10/21 Price Changed $450,000 -5.3% $522 / Sq Ft
08/31/2021 08/31/21 Price Changed $475,000 +5.6% $551 / Sq Ft
08/30/2021 08/30/21 For Sale $450,000 -- $522 / 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 $6,485 $474,933 $0 $0
2024 $5,917 $424,067 $0 $0
2023 $5,261 $373,200 $261,200 $112,000
2022 $5,140 $365,733 $0 $0
2021 $5,063 $358,267 $0 $0
2020 $4,825 $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 $5,317 $318,900 $0 $0
2014 $5,317 $318,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Edwards

    Long & Foster

    (410) 212-3414

    3 in this area

    15 Total Sales

    John Edwards
    Section Image
  • Tina Busko

    Buyer's Agent in 2021

    Tina Busko

    Coldwell Banker Realty

    (865) 300-5609

    6 in this area

    19 Total Sales

    Tina Busko
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2001778

Bright MLS

APN: 10-031826

Maryland Worcester County Ocean City 21842

401 Atlantic Ave, Ocean City, MD

Not Listed for Sale

Townhouses

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