NOT LISTED FOR SALE

419 Bayshore Dr Unit 202 Ocean City, MD 21842

Estimated Value: $484,000 - $639,000

2 Beds
2 Baths
1,000 Sq Ft
$417/mo HOA Fee

Last Sold April 05, 2024

Last sale price $500,000 $500 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,569/month

10 Days on Market

Highlights

  • 25 Feet of Waterfront
  • Primary bedroom faces the bay
  • Bay View
  • Ocean City Elementary School Rated A
  • 1 Dock Slip
  • Open Floorplan

About This Home

As of April 2024

Looking for a gorgeous and fully renovated property with stunning bay views, beautiful sunsets and a bayfront primary bedroom? Look no further! Here's what you'll get with this amazing property: - The open floor plan, bayfront location, and southern exposure make this a perfect property. The natural light and warmth will fill the space, creating a welcoming and inviting atmosphere and the bay view is absolutely mesmerizing and will leave you in awe. - The condo unit underwent a complete remodel down to the studs in 2022, which means that everything is new and of high quality. From the kitchen to the bathrooms, everything has been updated to provide you with the best possible experience. - The kitchen is fully equipped with new soft-close cabinets, quartz counters, a kitchen island, under-cabinet lighting, ceramic backsplash, and Bosch stainless steel appliances. It’s perfect for cooking and entertaining, with everything you need at your fingertips. - The 2 bathrooms, electrical, plumbing, tankless water heater, lighting, drywall, flooring, ceiling fans, entrance door, storm door, and two sliding doors are all new as of 2022. Also, ductless mini splits were added for heat and AC. This means you'll be able to enjoy all the modern conveniences and peace of mind that comes with a fully updated property. - The sliding doors have electric blinds, making it easy to control the amount of natural light that comes in. They lead to a bayfront balcony that's perfect for relaxation and entertainment. Imagine yourself enjoying a cup of coffee or a glass of wine while taking in the stunning views. There are 6 units in the building and there are 6 boat slips. The boat slips are a common element of the condo association and have electric & water - owners have the right to use the boat slips as a common element. Palm Bay is located on Bayshore Dr. (27th St area) and is very convenient to the beach and to the North end of the Boardwalk which is where you can catch the Boardwalk Tram and ride it down to the inlet! The property is also close to many restaurants, shopping, entertainment, Jolly Rogers amusement park, mini golf and so much more. Building upgrades over the years include paint/coating & new bayside soffits (est 2021), roof (est 2016), boardwalk & finger piers updated with composite decking (est 2011). There is 1 assigned parking space, 2 extra open spaces on site and street parking if needed. Also, there is private storage shed for this unit located near the front door. Don't miss this opportunity to start making your beach memories in this amazing renovated Ocean City bayfront condo!

Last Agent to Sell the Property

Dave Whittington

(410) 430-5283 ocdavew@gmail.com Coastal Life Realty Group LLC License #520693 Listed on: 02/18/2024

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

  • $2,368

Year Built

  • Built in 1971

Lot Details

  • 25 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Property is in very good condition

HOA Fees

  • $417 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Stucco

Interior Spaces

  • 1,000 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Dining Area
  • Bay Views

Kitchen

  • Kitchen Island
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the bay
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Parking

  • Assigned parking located at #202
  • Parking Lot
  • 1 Assigned Parking Space

Outdoor Features

  • Water Access
  • Property near a bay
  • Physical Dock Slip Conveys
  • 1 Dock Slip
  • Balcony

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Tankless Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 202
  • Assessor Parcel Number 2410056853

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, pier/dock maintenance, reserve funds, trash
  • Low-Rise Condominium
  • Palm Bay Community

Recreation

  • Boat Dock
  • 6 Community Slips

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,368

Year Built

Built in 1971

Lot Details

0

HOA Fees

$417 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: Artwork on living room wall by slider, Items in closets, cabinets, drawers & outside storage, Blow up mattress in back bedroom.
  • Historic: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2024-02-22
  • Federal Flood Zone: Yes
  • Year Built: 1971
  • Assigned Parking Space Numbers: 202
  • Automatically Close On Close Date: No
  • Remarks Public: Looking for a gorgeous and fully renovated property with stunning bay views, beautiful sunsets and a bayfront primary bedroom? Look no further! Here's what you'll get with this amazing property: - The open floor plan, bayfront location, and southern exposure make this a perfect property. The natural light and warmth will fill the space, creating a welcoming and inviting atmosphere and the bay view is absolutely mesmerizing and will leave you in awe. - The condo unit underwent a complete remodel down to the studs in 2022, which means that everything is new and of high quality. From the kitchen to the bathrooms, everything has been updated to provide you with the best possible experience. - The kitchen is fully equipped with new soft-close cabinets, quartz counters, a kitchen island, under-cabinet lighting, ceramic backsplash, and Bosch stainless steel appliances. It’s perfect for cooking and entertaining, with everything you need at your fingertips. - The 2 bathrooms, electrical, plumbing, tankless water heater, lighting, drywall, flooring, ceiling fans, entrance door, storm door, and two sliding doors are all new as of 2022. Also, ductless mini splits were added for heat and AC. This means you'll be able to enjoy all the modern conveniences and peace of mind that comes with a fully updated property. - The sliding doors have electric blinds, making it easy to control the amount of natural light that comes in. They lead to a bayfront balcony that's perfect for relaxation and entertainment. Imagine yourself enjoying a cup of coffee or a glass of wine while taking in the stunning views. There are 6 units in the building and there are 6 boat slips. The boat slips are a common element of the condo association and have electric & water - owners have the right to use the boat slips as a common element. Palm Bay is located on Bayshore Dr. (27th St area) and is very convenient to the beach and to the North end of the Boardwalk which is where you can catch the Boardwalk Tram and ride it down to the inlet! The property is also close to many restaurants, shopping, entertainment, Jolly Rogers amusement park, mini golf and so much more. Building upgrades over the years include paint/coating & new bayside soffits (est 2021), roof (est 2016), boardwalk & finger piers updated with composite decking (est 2011). There is 1 assigned parking space, 2 extra open spaces on site and street parking if needed. Also, there is private storage shed for this unit located near the front door. Don't miss this opportunity to start making your beach memories in this amazing renovated Ocean City bayfront condo!
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Interior Amenities: Ceiling Fan(s), Crown Moldings, Dining Area, Floor Plan - Open, Kitchen - Island, Primary Bedroom - Bay Front, Recessed Lighting, Upgraded Countertops
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 1000
  • Living Area Sq Ft: 1000
  • Price Per Sq Ft: 525.00
  • Above Grade Finished Sq Ft: 1000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 419

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
  • Construction Materials: Stucco
  • View: Bay
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 25

Garage/Parking

  • Assigned Spaces Count: 1
  • Garage: No
  • Parking Features: Assigned
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split, Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Tankless, Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 5000.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Boat Dock/Slip, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Pier/Dock Maintenance, Reserve Funds, Trash
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Property Condition: Very Good
  • Year Assessed: 2023
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Dogs Ok
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2368.00
  • Assessor Parcel Number: 2410056853
  • Tax Lot: 202
  • Tax Total Finished Sq Ft: 1000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023
  • Close Date: 04/05/2024

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2024
Closed on
Apr 5, 2024
Sold by
Cross Clifford J and Cross Elizabeth J
Bought by
Ruby Michael Armacost and Ruby Rani Eichhorn
Seller's Agent
Dave Whittington
Coastal Life Realty Group LLC
Buyer's Agent
Joseph Wilson
Coastal Life Realty Group LLC
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Views
70
Current Estimated Value
$528,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,790
Avg. Annual Appreciation
3.63%
Original Mortgage
$400,000
Outstanding Balance
$393,874
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$134,916

Purchase Details

Listed on
Feb 20, 2021
Closed on
Apr 16, 2021
Sold by
Moores James M and Moores Sharon M
Bought by
Cross Clifford J and Cross Elizabeth J
Seller's Agent
Karen Oass
Long & Foster Real Estate, Inc.
Buyer's Agent
Katie Quinn
Berkshire Hathaway HomeServices PenFed Realty-WOC
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.17%
Original Mortgage
$225,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2014
Sold by
Mcfall David
Bought by
Moores James M and Moores Sharon M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 23, 1994
Sold by
Shemenski Joan M
Bought by
Mcfall David and Mcfall Eileen I

Purchase Details

Closed on
Jul 18, 1990
Sold by
Higgins Thomas C and Higgins Patricia R
Bought by
Shemenski Walter S and Shemenski Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,675
Interest Rate
10.11%
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
Ruby Michael Armacost $500,000 Ocean Investments Title
Cross Clifford J $375,000 Capitol Title Group
Moores James M $196,000 Ocean Investments Title Corp
Mcfall David $91,000 --
Shemenski Walter S $84,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruby Michael Armacost $400,000
Previous Owner Cross Clifford J $225,000
Previous Owner Moores James M $156,800
Previous Owner Shemenski Walter S $63,675
Closed Mcfall David --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2024 04/05/24 Sold $500,000 -4.8% $500 / Sq Ft
02/28/2024 02/28/24 Pending -- -- --
02/18/2024 02/18/24 For Sale $525,000 +40.0% $525 / Sq Ft
04/16/2021 04/16/21 Sold $375,000 0.0% $375 / Sq Ft View Prior Sale
02/20/2021 02/20/21 For Sale $375,000 -- $375 / 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 $4,543 $332,667 $0 $0
2024 $3,493 $250,333 $0 $0
2023 $2,361 $168,000 $84,000 $84,000
2022 $2,361 $168,000 $84,000 $84,000
2021 $2,374 $168,000 $84,000 $84,000
2020 $2,374 $168,000 $84,000 $84,000
2019 $2,390 $168,000 $84,000 $84,000
2018 $2,366 $168,000 $84,000 $84,000
2017 $2,385 $168,000 $0 $0
2016 $2,868 $168,000 $0 $0
2015 $2,868 $168,000 $0 $0
2014 $2,868 $192,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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

Map

Source: Bright MLS

MLS Number: MDWO2018958

Bright MLS

APN: 10-056853