Seller's Agent in 2024
Katie Quinn
Berkshire Hathaway HomeServices PenFed Realty-WOC
(443) 880-5022
88 in this area
124 Total Sales
405 Philadelphia Ave Unit 25 Ocean City, MD 21842
Estimated Value: $280,000 - $341,000
2
Beds
1
Bath
456
Sq Ft
$671/Sq Ft
Est. Value
Highlights
- Furnished
- Community Pool
- Laundry Facilities
- Ocean City Elementary School Rated A
- Cottage
- 3-minute walk to 3rd Street Playground
About This Home
As of February 2024Downtown coastal cottage in the heartbeat of OC! This modern & updated detached home is the absolute dream low maintenance vacation property &/or investment opportunity. This charming pad is incredibly unique to downtown, only 2 two blocks to the beach/boardwalk action and literally next door to the gorgeous new downtown park with free basketball courts, tennis & pickle ball courts, skatepark, playground & picnic area all while overlooking the gorgeous sunsets over the open bay! Recent updates include 3 LG ductless heat & air system, SS appliances, newer shingle roof, tile shower w/ bluetooth speaker, exterior storage shed and new deck & slider. Property also conveys fully furnished, has an electric fireplace, parking pass, onsite laundry, in season security, outdoor shower & yes access to the community pool! (Per management) Engineer report clean & unlike most "condos" in OC this unit is only responsible to mainatain reserves for their home & limited common areas, not the other units/buildings within community, what a bonus considering the updates already in place! Fees are only temporarily raised to build the reserves according to new Maryland law, reserves will be plentiful & any future updates for this cottage will come from that fund. Community is professionaly maintained & managed. Yes, this is the affordable investment property in OC you have been waiting for!
Last Agent to Sell the Property
(443) 880-5022 katiesellsoc@gmail.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #656189 Listed on: 12/01/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,221
Year Built
- Built in 1940
Lot Details
- North Facing Home
- Property is zoned R3
HOA Fees
- $619 Monthly HOA Fees
Parking
- 1 Parking Space
Home Design
- Cottage
- Entry on the 1st floor
- Stick Built Home
Interior Spaces
- 456 Sq Ft Home
- Property has 1 Level
- Furnished
- Crawl Space
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Electric Water Heater
Additional Features
- Doors are 32 inches wide or more
- Flood Risk
Listing and Financial Details
- Tax Lot 25
- Assessor Parcel Number 2410749387
Community Details
Overview
- Association fees include common area maintenance, insurance, management, pool(s)
- Parrot Bay Community
- Hitchens & Trimper Subdivision
Amenities
- Laundry Facilities
Recreation
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2023
Closed on
Feb 22, 2024
Sold by
Hayes John R and Jordan Kaleigh M
Bought by
Noble & Noble Investments Llc
Seller's Agent
Katie Quinn
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Whitney Jarvis
Coldwell Banker Realty
List Price
$319,900
Sold Price
$300,000
Premium/Discount to List
-$19,900
-6.22%
Views
190
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,026
Avg. Annual Appreciation
1.26%
Purchase Details
Listed on
Nov 24, 2019
Closed on
Jan 24, 2020
Sold by
Hynson Joseph M and Schultz Laurie A
Bought by
Hayes John R and Jordan Kaliegh M
Seller's Agent
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
Tracey Sapia
Atlantic Sands Realty
List Price
$190,000
Sold Price
$185,000
Premium/Discount to List
-$5,000
-2.63%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.58%
Original Mortgage
$175,750
Interest Rate
3.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 2014
Sold by
J & V Co Of Oc Llc
Bought by
Hynson Joseph M and Hynson Laurie A Schultz
Purchase Details
Closed on
Feb 20, 2013
Sold by
Gbs Llp
Bought by
Beach Gateways Management Llc
Purchase Details
Closed on
May 4, 2004
Sold by
Mcginn Paul E
Bought by
J & V Co Of Oc Llc
Purchase Details
Closed on
Apr 10, 2001
Sold by
Mcginn Paul E
Bought by
Mcginn Paul E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Noble & Noble Investments Llc | $300,000 | Maryland Title | |
| Noble & Noble Investments Llc | $300,000 | Maryland Title | |
| Hayes John R | $185,000 | Capitol Title Group | |
| Hynson Joseph M | $122,000 | None Available | |
| Beach Gateways Management Llc | $140,000 | None Available | |
| J & V Co Of Oc Llc | $500,000 | -- | |
| Mcginn Paul E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Hayes John R | $175,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/22/2024 02/22/24 | Sold | $300,000 | -4.8% | $658 / Sq Ft |
| 01/24/2024 01/24/24 | Pending | -- | -- | -- |
| 01/11/2024 01/11/24 | Price Changed | $315,000 | -1.5% | $691 / Sq Ft |
| 12/28/2023 12/28/23 | For Sale | $319,900 | 0.0% | $702 / Sq Ft |
| 12/12/2023 12/12/23 | Pending | -- | -- | -- |
| 12/01/2023 12/01/23 | For Sale | $319,900 | +72.9% | $702 / Sq Ft |
| 01/24/2020 01/24/20 | Sold | $185,000 | -2.6% | $406 / Sq Ft |
| 12/04/2019 12/04/19 | Pending | -- | -- | -- |
| 11/24/2019 11/24/19 | For Sale | $190,000 | -- | $417 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,304 | $100,267 | $0 | $0 |
| 2024 | $1,304 | $93,433 | $0 | $0 |
| 2023 | $1,217 | $86,600 | $43,300 | $43,300 |
| 2022 | $1,217 | $86,600 | $43,300 | $43,300 |
| 2021 | $1,224 | $86,600 | $43,300 | $43,300 |
| 2020 | $1,224 | $86,600 | $43,300 | $43,300 |
| 2019 | $866 | $86,600 | $43,300 | $43,300 |
| 2018 | $1,220 | $86,600 | $43,300 | $43,300 |
| 2017 | $1,620 | $122,200 | $0 | $0 |
| 2016 | -- | $114,133 | $0 | $0 |
| 2015 | $2,025 | $106,067 | $0 | $0 |
| 2014 | $2,025 | $98,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Katie Quinn
-
Whitney Jarvis
Buyer's Agent in 2024
Whitney Jarvis
Coldwell Banker Realty
(443) 944-3073
52 in this area
138 Total Sales
-
Ed Balcerzak
Seller's Agent in 2020
Ed Balcerzak
Berkshire Hathaway HomeServices PenFed Realty-WOC
(443) 497-4746
69 in this area
198 Total Sales
-
Tracey Sapia
Buyer's Agent in 2020
Tracey Sapia
Atlantic Sands Realty
(443) 859-4190
17 in this area
24 Total Sales
Map
Source: Bright MLS
MLS Number: MDWO2017684
APN: 10-749387
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