NOT LISTED FOR SALE

413 Bayshore Dr Unit 301 Ocean City, MD 21842

Estimated Value: $541,000 - $645,093

3 Beds
2 Baths
1,178 Sq Ft
$400/mo HOA Fee

Last Sold June 26, 2020

Last sale price $23,500 $20 Per Sq Ft

Est. 2,318% increase in value since last sale

Current estimated payment $3,876/month

Highlights

  • Boat Dock
  • Multiple cooling system units
  • Heat Pump System
  • Ocean City Elementary School Rated A
  • Ceiling Fan

About This Home

As of June 2020

This is the 3rd of 4 fractional ownership shares being listed for sale for this unit. Interested in having a place in OC, but not spending an arm and a leg? This is your chance to enjoy shared ownership of a condominium in Ocean City that sits on the open bay! This is one of four listings that allows you to buy 1 share of 10 shares of 10 ownership in this unit. Each share is individually deeded!Ownership of a share gives you one week use of the unit every ten weeks (rotating annually). If you'd prefer to rent out some of your weeks you can do that too. There are no rental restrictions.Please note this is NOT a timeshare. It's simply shared ownership of a unit with a small group of other individuals who wanted a piece of Ocean City without the hassles and cost of full ownership.Unit 301 also comes with an assigned boat slip! So, bring your boat to make the most of this direct open bay condo! Bayshore Drive is in the 28th St area of Ocean City, so you're a short walk or bike ride from great restaurants and bars like Buxy's, Mother Cantina, Touch of Mediterranean and others!Currently the owners use a system where each share holder pays $1500 per year to cover all: taxes, condo fees, utilities, insurance, cable, internet, telephone, water/sewer, and trash.

Last Agent to Sell the Property

Dave Barnett

dave.barnett@cbmove.com Coldwell Banker Realty Listed on: 04/18/2020

Last Buyer's Agent

James Fegan

(410) 353-0956 jj@jjfegan.com RE/MAX Executive

RE/MAX Executive

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • 436

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Fractional Ownership
  • Entry on the 3rd floor
  • Brick Exterior Construction
  • Masonry

Interior Spaces

  • 1,178 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • 1 Assigned Parking Space

Utilities

  • Multiple cooling system units
  • Central Air
  • Heat Pump System
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 301
  • Assessor Parcel Number 10-048214

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, pier/dock maintenance
  • Low-Rise Condominium
  • Sun And ... Condos
  • Sun And Community

Recreation

  • Boat Dock

Property Details

Home Type

Condominium

Year Built

Built in 1972

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Fractional
  • Home Warranty: No
  • Inclusions: furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1972
  • Remarks Public: This is the 3rd of 4 fractional ownership shares being listed for sale for this unit. Interested in having a place in OC, but not spending an arm and a leg? This is your chance to enjoy shared ownership of a condominium in Ocean City that sits on the open bay! This is one of four listings that allows you to buy 1 share of 10 shares of 10 ownership in this unit. Each share is individually deeded!Ownership of a share gives you one week use of the unit every ten weeks (rotating annually). If you'd prefer to rent out some of your weeks you can do that too. There are no rental restrictions.Please note this is NOT a timeshare. It's simply shared ownership of a unit with a small group of other individuals who wanted a piece of Ocean City without the hassles and cost of full ownership.Unit 301 also comes with an assigned boat slip! So, bring your boat to make the most of this direct open bay condo! Bayshore Drive is in the 28th St area of Ocean City, so you're a short walk or bike ride from great restaurants and bars like Buxy's, Mother Cantina, Touch of Mediterranean and others!Currently the owners use a system where each share holder pays $1500 per year to cover all: taxes, condo fees, utilities, insurance, cable, internet, telephone, water/sewer, and trash.
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1178
  • Living Area Sq Ft: 1178
  • Price Per Sq Ft: 21.22
  • Above Grade Finished Sq Ft: 1178
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 413

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Brick Veneer, Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Paved Driveway, Paved Parking, Assigned
  • Type Of Parking: Off Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Multi Units, Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1200.00
  • Condo Co-Op Fee Frequency: Quarterly
  • Condo Co-Op Name: Sun and ...
  • HOA Condo Co-Op Amenities: Boat Dock/Slip
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Pier/Dock Maintenance
  • HOA Condo Co-Op Management Type: Owner/Self-Management
  • HOA: No
  • Senior Community: No
  • Association Recreation 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

  • Horses: No
  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2020
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5401117
  • Tax Annual Amount: 3268.00
  • Assessor Parcel Number: 10-048214
  • Tax Lot: 301
  • Tax Total Finished Sq Ft: 1178
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 06/26/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2025
Sold by
Hill Thomas
Bought by
Smith Kevin D
Current Estimated Value
$568,273

Purchase Details

Closed on
Apr 1, 2025
Sold by
Burroughs Charles M and Burroughs Deborah Sue
Bought by
Smith Kevin

Purchase Details

Closed on
Sep 20, 2023
Sold by
Asuntina S Levelle Trust
Bought by
Possehl Steven A and Possehl Stephanie L

Purchase Details

Closed on
Aug 8, 2023
Sold by
Search Gary and Search Cheryl
Bought by
Asuntia S Levelle Trust

Purchase Details

Closed on
Dec 6, 2022
Sold by
Potter Richard Kevin
Bought by
Burch Kathleen A

Purchase Details

Listed on
Apr 18, 2020
Closed on
Jun 26, 2020
Sold by
Levelle Asuntina S
Bought by
Smith Kevin
Seller's Agent
Dave Barnett
Coldwell Banker Realty
Buyer's Agent
James Fegan
RE/MAX Executive
List Price
$25,000
Sold Price
$23,500
Premium/Discount to List
-$1,500
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.99%

Purchase Details

Listed on
Apr 18, 2020
Closed on
Jun 23, 2020
Sold by
Sellaro Antonio M and Sellaro Sam Anthony
Bought by
Search Gary and Search Cheryl
Seller's Agent
Dave Barnett
Coldwell Banker Realty
Buyer's Agent
James Fegan
RE/MAX Executive
List Price
$25,000
Sold Price
$23,500
Premium/Discount to List
-$1,500
-6%

Purchase Details

Closed on
Sep 11, 2019
Sold by
Sellaro Antonio M and Levelle Asuntina S
Bought by
Hill Thomas O

Purchase Details

Closed on
May 25, 2017
Sold by
Cann Carmine J
Bought by
Cann Carmine J

Purchase Details

Closed on
Jun 3, 2004
Sold by
Burroughs Winston and Burroughs Rose
Bought by
Burroughs Burroughs Charles M Charles M and Burroughs Deborah Sue

Purchase Details

Closed on
Apr 26, 2000
Sold by
Conner Dodd Dennis K and Conner Dennis
Bought by
Conner Dodd Dennis K and Conner Dennis

Purchase Details

Closed on
Oct 2, 1996
Sold by
Thomas Mary Ann Int
Bought by
Meinhardt Dodd Dennis K and Meinhardt Walter M
Source: Public Records

Range of Values:

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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
Smith Kevin D $75,000 Ocean Investments Title
Smith Kevin D $75,000 Ocean Investments Title
Smith Kevin $35,000 Ocean Investments Title
Smith Kevin $35,000 Ocean Investments Title
Possehl Steven A $29,159 None Listed On Document
Asuntia S Levelle Trust $29,159 None Listed On Document
Sellaro Antonio M $29,159 None Listed On Document
Sellaro Antonio M $29,159 None Listed On Document
Burch Kathleen A -- --
Smith Kevin $25,000 Ocean Investments Title Corp
Search Gary $23,000 Ocean Investments Title Corp
Search Gary $23,000 Ocean Investments Title Corp
Hill Thomas O $25,000 Ocean Investments Title Corp
Cann Carmine J -- None Available
Burroughs Burroughs Charles M Charles M $7,000 --
Conner Dodd Dennis K $5,000 --
Conner Dodd Dennis K $5,000 --
Conner Dodd Dennis K -- --
Conner Dodd Dennis K $5,000 --
Meinhardt Dodd Dennis K $5,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2020 06/26/20 Sold $23,500 -6.0% $20 / Sq Ft
05/23/2020 05/23/20 Pending -- -- --
04/18/2020 04/18/20 For Sale $25,000 -- $21 / 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 $5,951 $435,800 $0 $0
2024 $5,177 $371,000 $0 $0
2023 $4,303 $306,200 $153,100 $153,100
2022 $3,945 $280,700 $0 $0
2021 $3,606 $255,200 $0 $0
2020 $3,245 $229,700 $114,800 $114,900
2019 $3,178 $223,400 $0 $0
2018 $3,058 $217,100 $0 $0
2017 $2,993 $210,800 $0 $0
2016 $3,083 $210,800 $0 $0
2015 $3,322 $210,800 $0 $0
2014 $3,322 $223,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Dave Barnett

    Coldwell Banker Realty

  • James Fegan

    Buyer's Agent in 2020

    James Fegan

    RE/MAX

    (410) 353-0956

    92 Total Sales

    James Fegan
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Map

Source: Bright MLS

MLS Number: MDWO113384

Bright MLS

APN: 10-048214

Maryland Worcester County Ocean City 21842

413 Bayshore Dr Unit 301, Ocean City, MD

This home is located at 413 Bayshore Dr Unit 301, Ocean City, MD 21842 since 18 April 2020 and is currently estimated at $568,273, approximately $482 per square foot. This property was built in 1972. 413 Bayshore Dr Unit 301 is a home located in Worcester County with nearby schools including Ocean City Elementary School, Stephen Decatur Middle School, and Berlin Intermediate School.

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