NOT LISTED FOR SALE

414 Lark Ln Ocean City, MD 21842

Estimated Value: $267,000 - $296,000

2 Beds
1 Bath
792 Sq Ft
$275/mo HOA Fee

Last Sold March 17, 2023

Last sale price $264,900 $334 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,968/month

1 Day on Market

Highlights

  • Upgraded Countertops
  • Community Pool
  • Security Service
  • Ocean City Elementary School Rated A
  • Porch
  • Laundry Room

About This Home

As of March 2023

Welcome to your vacation dream come true! This beautiful 2-bedroom, 1-bathroom condo located in the heart of Ocean City, Maryland on Bayside is the perfect place to make your summer memories. The unit features all the amenities you need to make your stay comfortable and convenient.

As soon as you walk in, you'll be greeted by a spacious open-plan living and dining area, perfect for relaxing with your family and friends after a day at the beach. The fully equipped kitchen with granite countertops provides everything you need to prepare meals. Both bedrooms offer plenty of storage and comfortable beds to ensure a good night's sleep. The bathroom is equipped with all the essentials, including a shower and bathtub.

The outdoor pool is the perfect place to cool off and enjoy the sun, and the bike rack makes it easy to explore all that Ocean City has to offer. The condo is just a short walk from the beach, so you can enjoy sun, sand, and surf in no time.

This condo is an excellent rental income opportunity, with its prime location, great amenities, and close proximity to the beach, you can be assured of high demand and strong rental income.
Don't miss this chance to own a piece of paradise in Ocean City. Book your showing today!

Last Agent to Sell the Property

Porsher Howard

(443) 804-4580 porsherhowardrealtor@gmail.com Corner House Realty License #5006163 Listed on: 02/13/2023

Corner House Realty

Last Buyer's Agent

Joseph Wilson

(443) 235-8382 joewilsonsells@gmail.com Coastal Life Realty Group LLC License #633148

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,752

Year Built

  • Built in 1974

Lot Details

  • 348

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Entry on the 3rd floor
  • Block Foundation
  • Frame Construction
  • Built-Up Roof
  • Stick Built Home

Interior Spaces

  • 792 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Family Room
  • Dining Room
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Outdoor Shower
  • Porch

Schools

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

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Cleared Lot
  • Flood Risk

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot D304
  • Assessor Parcel Number 2410060737

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, pool(s)
  • Low-Rise Condominium
  • Summer Winds Community

Recreation

  • Community Pool

Pet Policy

  • Dogs Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,752

Year Built

Built in 1974

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Exclusions: Personal Items
  • Historic: No
  • Home Warranty: No
  • Inclusions: Fully Furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Built-In Microwave
  • Entry Floor: 3
  • Interior Amenities: Upgraded Countertops, Ceiling Fan(s), Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Levels Count: 1
  • Room List: Dining Room, Bedroom 2, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 792
  • Living Area Sq Ft: 792
  • Price Per Sq Ft: 328.16
  • Above Grade Finished Sq Ft: 792
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • 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: Frame, Stick Built
  • Exterior Features: Outside Shower
  • Roof: Built-Up
  • 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: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 275.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Pool(s)
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

  • Elementary 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 Features: Cleared
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Pets: Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 27000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5402123
  • Tax Annual Amount: 1752.00
  • Assessor Parcel Number: 2410060737
  • Tax Lot: D304
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2023
Closed on
Mar 17, 2023
Sold by
Howard Matthew D
Bought by
Osborn James L
Seller's Agent
Porsher Howard
Corner House Realty
Buyer's Agent
Joseph Wilson
Coastal Life Realty Group LLC
List Price
$259,900
Sold Price
$264,900
Premium/Discount to List
$5,000
1.92%
Views
26
Current Estimated Value
$278,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,841
Avg. Annual Appreciation
1.88%
Original Mortgage
$195,675
Outstanding Balance
$189,521
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$89,220

Purchase Details

Listed on
May 25, 2022
Closed on
Sep 8, 2022
Sold by
Stryker William L and Stryker Lisa M
Bought by
Howard Matthew D
Seller's Agent
Nancy Reither
Coldwell Banker Realty
Buyer's Agent
Porsher Howard
Corner House Realty
List Price
$269,900
Sold Price
$265,000
Premium/Discount to List
-$4,900
-1.82%
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.07%
Original Mortgage
$212,000
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 14, 2017
Closed on
Jun 26, 2017
Sold by
Golden Properteis Inc
Bought by
Stryker William L and Stryker Lisa M
Seller's Agent
Bud Cumberland
Keller Williams Realty Delmarva
Buyer's Agent
Nancy Reither
Coldwell Banker Realty
List Price
$139,500
Sold Price
$132,000
Premium/Discount to List
-$7,500
-5.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.43%

Purchase Details

Closed on
Mar 3, 2017
Sold by
Lynch Propeties Llc
Bought by
Golden Proepties Inc

Purchase Details

Closed on
May 6, 2005
Sold by
Lynch Craig R
Bought by
Lynch Properties Llc

Purchase Details

Closed on
Apr 17, 2001
Sold by
Royalty Melissa B
Bought by
Lynch Craig R

Purchase Details

Closed on
May 19, 2000
Sold by
Spangler Lawrence E and Spangler Edith C
Bought by
Royalty Melissa B
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
Osborn James L $264,900 --
Howard Matthew D $265,000 Maryland Title
Stryker William L $132,000 Ocean Investments Title Corp
Golden Proepties Inc $92,500 Ocean Investment Title Corp
Lynch Properties Llc -- --
Lynch Craig R $52,500 --
Royalty Melissa B $47,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osborn James L $195,675
Previous Owner Howard Matthew D $212,000
Closed Lynch Craig R --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2023 03/17/23 Sold $264,900 +1.9% $334 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $259,900 -1.9% $328 / Sq Ft
08/26/2022 08/26/22 Sold $265,000 -1.8% $335 / Sq Ft View Prior Sale
05/25/2022 05/25/22 For Sale $269,900 +104.5% $341 / Sq Ft
06/26/2017 06/26/17 Sold $132,000 -5.4% $167 / Sq Ft View Prior Sale
05/27/2017 05/27/17 Pending -- -- --
04/14/2017 04/14/17 For Sale $139,500 -- $176 / 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 $2,717 $199,000 $0 $0
2024 $2,294 $164,400 $0 $0
2023 $1,824 $129,800 $64,900 $64,900
2022 $1,746 $124,267 $0 $0
2021 $1,678 $118,733 $0 $0
2020 $1,599 $113,200 $56,600 $56,600
2019 $1,498 $105,267 $0 $0
2018 $1,371 $97,333 $0 $0
2017 $1,263 $89,400 $0 $0
2016 -- $89,400 $0 $0
2015 $1,768 $89,400 $0 $0
2014 $1,768 $106,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2012298

Bright MLS

APN: 10-060737