NOT LISTED FOR SALE

408 Bayshore Dr Ocean City, MD 21842

Estimated Value: $278,000 - $335,000

2 Beds
2 Baths
840 Sq Ft
$225/mo HOA Fee

Last Sold March 30, 2022

Last sale price $285,000 $339 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,069/month

2 Days on Market

Highlights

  • Open Floorplan
  • Coastal Architecture
  • Community Pool
  • Ocean City Elementary School Rated A
  • Furnished
  • Chair Railings

About This Home

As of March 2022

Updated and attractive 2 bedroom, 2 full bath condo #201, in the very popular Gullway VIllas. Fantastic location, just a short walk or bike ride to the beach and the boardwalk. Roomy and light filled living room and dining room, lead out sliding glass door to sun balcony with an awning. Nice size bedrooms and bathrooms, and plenty of closets! Very strong condo association with low fees and a resident manager living on-site. The large community pool and common grounds are very well kept. Individual storage locker on ground floor. Great beach getaway or rental unit. Sold fully furnished. Buyer must honor existing rentals secured so far, between May - August.

Last Agent to Sell the Property

Julie Woulfe

(443) 604-0186 jwoulfe@shamrockrealty.com ERA Martin Associates, Shamrock Division Listed on: 02/26/2022

Last Buyer's Agent

Gloria Pruitt

(443) 623-8152 gloriapruitt@kw.com Keller Williams Select Realtors of Annapolis License #670796

Keller Williams Select Realtors of Annapolis

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,994

Year Built

  • Built in 1973

HOA Fees

  • $225 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Coastal Architecture
  • Entry on the 2nd floor
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 840 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Chair Railings
  • Crown Molding
  • Wainscoting
  • Ceiling Fan
  • Recessed Lighting
  • Awning
  • Window Treatments
  • Window Screens
  • Sliding Doors
  • Six Panel Doors
  • Combination Dining and Living Room
  • Carpet

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Front Loading Washer

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Exterior Lighting
  • Property is in excellent condition
  • Flood Risk

Listing and Financial Details

  • Tax Lot 12201
  • Assessor Parcel Number 2410055946

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, pool(s), reserve funds, snow removal
  • Building Winterized
  • Low-Rise Condominium
  • Gullway Villas Condos
  • Gullway Villas Community
  • Gullway Villa Subdivision
  • Property Manager

Recreation

  • Community Pool

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,994

Year Built

Built in 1973

Lot Details

0

HOA Fees

$225 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Ownership: Condominium
  • Inclusions: Fully Furnished.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-02-26
  • Federal Flood Zone: Yes
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Refrigerator, Washer - Front Loading, Water Heater
  • Entry Floor: 2
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Chair Railings, Crown Moldings, Dining Area, Floor Plan - Open, Recessed Lighting, Stall Shower, Tub Shower, Wainscotting, Window Treatments
  • Window Features: Screens
  • Door Features: Six Panel, Sliding Glass
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 840
  • Living Area Sq Ft: 840
  • Price Per Sq Ft: 333.21
  • Above Grade Finished Sq Ft: 840
  • 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, Below Grade
  • Construction Materials: Stick Built, Vinyl Siding
  • Exterior Features: Awning(s), Exterior Lighting
  • 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

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Resident Manager
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 225.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Gullway Villas
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Common Grounds
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Pool(s), Reserve Funds, Snow Removal
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Community Pool Features: In Ground

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Excellent
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5401737
  • Tax Annual Amount: 1994.00
  • Assessor Parcel Number: 2410055946
  • Tax Lot: 12201
  • 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 20, 2024
Sold by
Gupta Rajiv and Gupta Archana
Bought by
Niwas Llc
Current Estimated Value
$300,319

Purchase Details

Listed on
Feb 26, 2022
Closed on
Mar 30, 2022
Sold by
Mcdonald-Della Penna Partnership
Bought by
Gupta Rajiv and Gupta Archana
Seller's Agent
Julie Woulfe
ERA Martin Associates, Shamrock Division
Buyer's Agent
Gloria Pruitt
Keller Williams Select Realtors of Annapolis
List Price
$279,900
Sold Price
$285,000
Premium/Discount to List
$5,100
1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.43%
Original Mortgage
$213,750
Interest Rate
2.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2012
Sold by
Mcdonald Jane A
Bought by
Mcdonald Della Penna Partnership

Purchase Details

Closed on
May 26, 2011
Sold by
Miller John W
Bought by
Mcdonald Jane A

Purchase Details

Closed on
May 18, 2011
Sold by
Miller John W and Mcdonald Jane
Bought by
Mcdonald Jane A

Purchase Details

Closed on
Aug 30, 2005
Sold by
Lee Logsdon David J and Lee David
Bought by
Mcdonald Miller John W and Mcdonald Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2005
Sold by
Lee Logsdon David J and Lee David
Bought by
Mcdonald Miller John W and Mcdonald Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2003
Sold by
Distefano Ruth For Life
Bought by
Logsdon Logsdon David J David J and Logsdon David Lee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Niwas Llc -- None Listed On Document
Niwas Llc -- None Listed On Document
Gupta Rajiv $280,000 First American Title
Mcdonald Della Penna Partnership $135,200 None Available
Mcdonald Jane A -- --
Mcdonald Jane A -- Harbor Title Svcs
Mcdonald Jane A -- --
Mcdonald Miller John W $270,000 --
Mcdonald Miller John W $270,000 --
Logsdon Logsdon David J David J $131,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gupta Rajiv $213,750
Previous Owner Mcdonald Miller John W $216,000
Previous Owner Mcdonald Miller John W $216,000
Closed Logsdon Logsdon David J David J --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $285,000 +1.8% $339 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/26/2022 02/26/22 For Sale $279,900 -- $333 / 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 $3,166 $231,833 $0 $0
2024 $2,602 $186,467 $0 $0
2023 $1,983 $141,100 $70,500 $70,600
2022 $1,983 $141,100 $70,500 $70,600
2021 $1,994 $141,100 $70,500 $70,600
2020 $1,918 $141,100 $70,500 $70,600
2019 $1,923 $135,200 $0 $0
2018 $1,821 $129,300 $0 $0
2017 $1,752 $123,400 $0 $0
2016 -- $123,400 $0 $0
2015 $2,046 $123,400 $0 $0
2014 $2,046 $135,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2006002

Bright MLS

APN: 10-055946