NOT LISTED FOR SALE

42 Seaside Dr Ocean City, MD 21842

Estimated Value: $1,535,529 - $1,668,000

5 Beds
4.5 Baths
3,244 Sq Ft
$493/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $995,000 $307 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $9,967/month

442 Days on Market

Highlights

  • Beach
  • Pier or Dock
  • 24-Hour Security
  • Ocean City Elementary School Rated A
  • Fitness Center
  • Water Oriented

About This Home

As of March 2020

This gracious 5 bed, 4 1/2 bath, coastal design offers stunning open bay views, lovely wrap around balconies, a grand master suite with both tub and shower and a kitchen that is an absolute delight. Large island, granite counters, ceramic tile flooring, double oven and open to both living and dining areas. No secluded cooks in this home. Carpet throughout replaced in October of 2018. Hardwood in the living room. This home is detached and on the end of a row. The Sunset Island community offers 3 private bay beaches, interactive fountains and splash pad, market, restaurant, a shoreline walking/jogging path, fishing/crabbing pier, a clubhouse with fitness room, indoor heated pool and outdoor pool. This home and community are top notch.

Last Agent to Sell the Property

Jennifer Cropper-Rines

(443) 614-6215 jennifer@cropperrines.com Coldwell Banker Realty Listed on: 10/22/2018

Coldwell Banker Realty

Co-Listed By

George Rines

(410) 603-6382 george@cropperrines.com Coldwell Banker Realty License #517366

Last Buyer's Agent

Terry Riley

(443) 880-0512 terry@sunsetisland.net RE/MAX Advantage Realty

RE/MAX Advantage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,074

Year Built

  • Built in 2005

Lot Details

  • 2,746 Sq Ft Lot
  • South Facing Home
  • Sprinkler System
  • Property is in very good condition
  • Property is zoned BMUD

HOA Fees

  • $277 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 3 Open Parking Spaces
  • 2 Attached Carport Spaces
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Coastal Architecture
  • Entry on the 1st floor
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 3,244 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Central Vacuum
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Den

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer
  • Washer

Home Security

  • Security Gate
  • Intercom
  • Fire Sprinkler System

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property near a bay

Location

  • Flood Risk

Schools

  • Ocean City Elementary School
  • Stephen Decatur High School

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Natural Gas Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Property is used as a vacation rental
  • Tax Lot 6684
  • Assessor Parcel Number 10-412749

Community Details

Overview

  • Association fees include common area maintenance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, pool(s), recreation facility, reserve funds, snow removal, trash
  • $48 Other Monthly Fees
  • Sunset Island HOA, Phone Number (410) 520-0044
  • Sunset Island Subdivision
  • Property Manager

Amenities

  • Common Area
  • Clubhouse
  • Community Center
  • Recreation Room

Recreation

  • Pier or Dock
  • Beach
  • Fitness Center
  • Community Indoor Pool
  • Jogging Path

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,074

Year Built

Built in 2005

Lot Details

0

HOA Fees

$277 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: Yes
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Central Vacuum, Dishwasher, Disposal, Dryer - Electric, Exhaust Fan, Intercom, Oven - Wall, Oven - Double, Refrigerator, Washer, Water Heater, Cooktop
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Carpet, Ceiling Fan(s), Central Vacuum, Dining Area, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Upgraded Countertops, Walk-In Closet(s), Window Treatments, Wood Floors, Sprinkler System
  • Fireplace Features: Gas/Propane
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Kitchen, Den, Laundry
  • Basement: No
  • Laundry Type: Main Floor, Has Laundry
  • Total Sq Ft: 3244
  • Living Area Sq Ft: 3244
  • Price Per Sq Ft: 323.37
  • Above Grade Finished Sq Ft: 3244
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type
  • Exterior Features: Outside Shower
  • Roof: Metal
  • Water Access: No
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Carport Spaces: 2
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Garage Features: Garage - Front Entry, Covered Parking, Garage Door Opener
  • Attached Carport Spaces: 2
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Carport, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Security Gate, Sprinkler System - Indoor
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 3324.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Beach, Club House, Common Grounds, Community Center, Fitness Center, Gated Community, Jog/Walk Path, Pier/Dock, Pool - Indoor, Pool - Outdoor, Recreational Center
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pool(s), Recreation Facility, Reserve Funds, Snow Removal, Trash
  • HOA Name: SUNSET ISLAND
  • HOA Phone: 410.520.0044
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Indoor, In Ground

Fee Information

  • Other Fees: 575.00
  • Other Fees Frequency: Annually

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2746.00
  • Property Condition: Very Good
  • Zoning: BMUD
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Total Actual Rent: 60420.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5431328
  • Tax Annual Amount: 14074.00
  • Assessor Parcel Number: 10-412749
  • Tax Lot: 6684
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Mar 6, 2020
Sold by
Sheehy Robert L and Sheehy Patricia F
Bought by
Linda D Whitaker Trust
Seller's Agent
Jennifer Cropper-Rines
Coldwell Banker Realty
Buyer's Agent
Terry Riley
RE/MAX Advantage Realty
List Price
$1,199,000
Sold Price
$995,000
Premium/Discount to List
-$204,000
-17.01%
Current Estimated Value
$1,599,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$604,882
Avg. Annual Appreciation
8.58%

Purchase Details

Closed on
Jun 23, 2005
Sold by
Nvr Inc
Bought by
Sheehy Robert L and Sheehy Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$882,100
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 10, 2005
Sold by
Sunset Isl & Llc
Bought by
Nvr Inc

Purchase Details

Closed on
Dec 23, 2004
Sold by
Sunset Isl & Llc
Bought by
Nvr Inc
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
Linda D Whitaker Trust $995,000 Brennan Title Company
Sheehy Robert L $1,102,641 --
Nvr Inc $1,297,285 --
Nvr Inc $1,297,285 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheehy Robert L $882,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2020 03/06/20 Sold $995,000 -5.1% $307 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
10/31/2019 10/31/19 Price Changed $1,049,000 -12.5% $323 / Sq Ft
10/22/2018 10/22/18 For Sale $1,199,000 -- $370 / 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 $15,283 $1,119,167 $0 $0
2024 $14,851 $1,064,333 $0 $0
2023 $14,187 $1,009,500 $537,300 $472,200
2022 $14,093 $1,002,767 $0 $0
2021 $14,075 $996,033 $0 $0
2020 $13,978 $989,300 $537,300 $452,000
2019 $13,116 $924,700 $0 $0
2018 $12,114 $860,100 $0 $0
2017 $10,838 $795,500 $0 $0
2016 -- $763,400 $0 $0
2015 $11,099 $731,300 $0 $0
2014 $11,099 $699,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1009946730

Bright MLS

APN: 10-412749