NOT LISTED FOR SALE

405 Robin Dr Unit 22 Ocean City, MD 21842

Estimated Value: $218,000 - $350,000

1 Bed
1 Bath
672 Sq Ft
$167/mo HOA Fee

Last Sold June 24, 2022

Last sale price $205,000 $305 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,756/month

Highlights

  • Deck
  • Furnished
  • Electric Baseboard Heater
  • Ocean City Elementary School Rated A
  • Community Pool
  • 4-minute walk to Robin Park

About This Home

As of June 2022

This unit is newly remodeled and looking sharp. 2nd floor with a great view from the deck of the pool and common area courtyard. Decorated and maintained extremely well. This unit will not last long on the market, It already has an establised lease with tenant to be honored for 12,000. year gross rental income until March 31,2023 . This unit has bend updated with drywall, light fixtures, ceiling fan and Life proof silver mane II color, shadow texture with pet proof technology carpet in the bedroom. All electric baseboard heaters have been replaced with a new thermostat. There has been The Dream Home laminate installed --12 mm White gray pine floor has been installed in the living room and hallway. You will have 1 assigned parking space, with street parking.

Last Agent to Sell the Property

Sandie Mattes

(443) 250-2730 sandie.mattes@yahoo.com Keller Williams Realty Delmarva License #RS-0022399 Listed on: 05/21/2022

Keller Williams Realty Delmarva

Last Buyer's Agent

LISA M JACKSON

(717) 649-7248 lisa.jackson@evrealestate.com Engel & Völkers Ocean City License #RS-0038166

Engel & Völkers Ocean City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,594

Year Built

  • Built in 1967

HOA Fees

  • $167 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Vinyl Siding

Interior Spaces

  • 672 Sq Ft Home
  • Property has 1 Level
  • Furnished

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Doors are 32 inches wide or more
  • Deck

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 22
  • Assessor Parcel Number 2410048761

Community Details

Overview

  • Association fees include all ground fee, common area maintenance, lawn maintenance, insurance, pool(s)
  • Low-Rise Condominium
  • Bay Colony Community

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,594

Year Built

Built in 1967

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-05-21
  • Federal Flood Zone: No
  • Year Built: 1967
  • Automatically Close On Close Date: No
  • Remarks Public: This unit is newly remodeled and looking sharp. 2nd floor with a great view from the deck of the pool and common area courtyard. Decorated and maintained extremely well. This unit will not last long on the market, It already has an establised lease with tenant to be honored for 12,000. year gross rental income until March 31,2023 . This unit has bend updated with drywall, light fixtures, ceiling fan and Life proof silver mane II color, shadow texture with pet proof technology carpet in the bedroom. All electric baseboard heaters have been replaced with a new thermostat. There has been The Dream Home laminate installed --12 mm White gray pine floor has been installed in the living room and hallway. You will have 1 assigned parking space, with street parking.
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 672
  • Living Area Sq Ft: 672
  • Price Per Sq Ft: 282.59
  • Above Grade Finished Sq Ft: 672
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 405

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Concrete, Vinyl Siding
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • 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: 2000.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: All Ground Fee, Common Area Maintenance, Lawn Maintenance, Insurance, Pool(s)
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • School District Key: 121138066543
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2022
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok, Case By Case Basis
  • Pets Allowed: Yes
  • Total Actual Rent: 12000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5401163
  • Tax Annual Amount: 1594.00
  • Assessor Parcel Number: 2410048761
  • Tax Lot: 22
  • Tax Total Finished Sq Ft: 672
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/24/2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2022
Closed on
Jun 20, 2022
Sold by
Edens Patricia M
Bought by
Korashvili Maya
Seller's Agent
Sandie Mattes
Keller Williams Realty Delmarva
Buyer's Agent
LISA M JACKSON
Engel & Völkers Ocean City
List Price
$189,900
Sold Price
$205,000
Premium/Discount to List
$15,100
7.95%
Current Estimated Value
$268,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,093
Avg. Annual Appreciation
8.39%
Original Mortgage
$143,500
Outstanding Balance
$136,337
Interest Rate
5.1%
Mortgage Type
Balloon
Estimated Equity
$131,756

Purchase Details

Listed on
Apr 6, 2021
Closed on
May 13, 2021
Sold by
Warner Billy J and Warner Carla S
Bought by
Edens Patricia M
Seller's Agent
Terri Moran
Coldwell Banker Realty
Buyer's Agent
Sandie Mattes
Keller Williams Realty Delmarva
List Price
$164,900
Sold Price
$170,000
Premium/Discount to List
$5,100
3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.19%
Original Mortgage
$136,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2014
Sold by
Garst Shirley E
Bought by
Warner Billy J and Warner Carla S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 1982
Sold by
Mullis William E
Bought by
Garst George R and Garst Shirley E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
16.93%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Korashvili Maya $205,000 Macpherson Colleen
Edens Patricia M $170,000 Maryland Title Services
Warner Billy J $103,000 Title Resources Guaranty Co
Garst George R $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Korashvili Maya $143,500
Previous Owner Edens Patricia M $136,000
Previous Owner Warner Billy J $82,400
Previous Owner Garst George R $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2022 06/24/22 Sold $205,000 +8.0% $305 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/21/2022 05/21/22 For Sale $189,900 +11.7% $283 / Sq Ft
05/13/2021 05/13/21 Sold $170,000 +3.1% $253 / Sq Ft View Prior Sale
04/06/2021 04/06/21 For Sale $164,900 -- $245 / 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 $2,196 $160,800 $0 $0
2024 $1,909 $136,800 $0 $0
2023 $1,585 $112,800 $56,400 $56,400
2022 $1,585 $112,800 $56,400 $56,400
2021 $1,594 $112,800 $56,400 $56,400
2020 $1,594 $112,800 $56,400 $56,400
2019 $1,535 $107,900 $0 $0
2018 $1,451 $103,000 $0 $0
2017 $1,393 $98,100 $0 $0
2016 $1,532 $98,100 $0 $0
2015 $1,532 $98,100 $0 $0
2014 $1,532 $104,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO2007876

Bright MLS

APN: 10-048761