$385,000
SOLD JUN 24, 2022

Makai Condominiums 4201 Coastal Hwy Unit 115 Ocean City, MD 21842

2 Beds
2 Baths
820 Sq Ft
$386/mo HOA Fee

Recently Sold

$470 Per Sq Ft

43% Above List Price

Highlights

  • Primary bedroom faces the bay
  • Fitness Center
  • Bay View
  • Ocean City Elementary School Rated A
  • Water Oriented
  • Open Floorplan

About This Home

As of June 2022

Now Available in Popular Makai Building in Mid Town OCMD. This excellent condition 2 bedrooms, 2 baths condo has a view of the Bay and all of the Best sunsets in Ocean City. Walk into your beautiful condo that offers the main suite with door to balcony offers a king size bed, full bathroom with dual sinks, large walk in shower and the washer and dryer tucked away in the closet. The second bedroom offers a double bed and a stacked double with single on top. Living Room with door to balcony has plenty of seating and is next to the kitchen with counter top with 3 seats and an additional dining area as well. The Makai building offers an outdoor shower, an indoor heated pool with garage doors that open up for the outdoor pool feeling. Billiards room, exercise room, storage area, sauna and even a meeting room in the lobby. Just a block to the beach, public transportation, secure bldg., Makai has a lot to offer. This property does have a great rental history and brings in between 24,000 to 25,000 per season. There are numerous rentals that will need to be honored. The property is close to the convention center and some of OC's most popular restaurants and bars.

Last Agent to Sell the Property

Christine Tobelmann

Long & Foster Real Estate, Inc. Listed on: 05/16/2022

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Carol Proctor

Berkshire Hathaway HomeServices PenFed Realty License #RS-0023288

Berkshire Hathaway HomeServices PenFed Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,488

Year Built

  • Built in 2007

Lot Details

  • Sprinkler System
  • Property is in excellent condition

HOA Fees

  • $386 Monthly HOA Fees

Property Views

  • Limited

Home Design

  • Entry on the 1st floor
  • Dryvit Stucco
  • Masonry
  • Stucco

Interior Spaces

  • 820 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Monitored

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary bedroom faces the bay
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Electric Dryer
  • Washer

Parking

  • 1 Open Parking Space
  • 2 Parking Spaces
  • 1 Attached Carport Space
  • Handicap Parking
  • Private Parking
  • Lighted Parking
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Accessible Home Design

  • Lowered Light Switches
  • Doors swing in
  • Doors with lever handles
  • No Interior Steps
  • Level Entry For Accessibility
  • Low Pile Carpeting
  • Vehicle Transfer Area

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property near a bay
  • Balcony
  • Deck
  • Exterior Lighting
  • Outdoor Storage

Location

  • Flood Risk
  • Bayside

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 115
  • Assessor Parcel Number 2410759137

Community Details

Overview

  • Association fees include alarm system, all ground fee, common area maintenance, custodial services maintenance, exterior building maintenance, insurance, management, reserve funds, sauna, snow removal, water
  • Mid-Rise Condominium
  • Makai Condos
  • Makai Community
  • Property Manager

Amenities

  • Billiard Room
  • Meeting Room
  • Elevator

Recreation

  • Heated Community Pool
  • Community Pool with Domestic Water

Pet Policy

  • Dogs and Cats Allowed

Security

  • Security Service
  • Resident Manager or Management On Site
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,488

Year Built

Built in 2007

Lot Details

0

HOA Fees

$386 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Doors - Lever Handle(s), Accessible Switches/Outlets, Doors - Swing In, Level Entry - Main, Low Pile Carpeting, No Stairs, Vehicle Transfer Area
  • Ownership: Condominium
  • Exclusions: personal items
  • Home Warranty: No
  • Inclusions: furnished
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Now Available in Popular Makai Building in Mid Town OCMD. This excellent condition 2 bedrooms, 2 baths condo has a view of the Bay and all of the Best sunsets in Ocean City. Walk into your beautiful condo that offers the main suite with door to balcony offers a king size bed, full bathroom with dual sinks, large walk in shower and the washer and dryer tucked away in the closet. The second bedroom offers a double bed and a stacked double with single on top. Living Room with door to balcony has plenty of seating and is next to the kitchen with counter top with 3 seats and an additional dining area as well. The Makai building offers an outdoor shower, an indoor heated pool with garage doors that open up for the outdoor pool feeling. Billiards room, exercise room, storage area, sauna and even a meeting room in the lobby. Just a block to the beach, public transportation, secure bldg., Makai has a lot to offer. This property does have a great rental history and brings in between 24,000 to 25,000 per season. There are numerous rentals that will need to be honored. The property is close to the convention center and some of OC's most popular restaurants and bars.
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer - Electric, Oven - Self Cleaning, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
  • Entry Floor: 1
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Breakfast Area, Carpet, Crown Moldings, Entry Level Bedroom, Floor Plan - Open, Pantry, Primary Bedroom - Bay Front, Sprinkler System, Stall Shower, Tub Shower
  • Fireplace: No
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 820
  • Living Area Sq Ft: 820
  • Price Per Sq Ft: 451.10
  • Above Grade Finished Sq Ft: 820
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4201

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: Stucco, Concrete, Dryvit, Masonry
  • Exterior Features: Exterior Lighting, Outside Shower, Secure Storage, Street Lights
  • View: Bay, Limited
  • Water Access: No
  • Water Body Name: Assawoman Bay
  • Water Body Type: Bay
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Handicap Parking, Lighted Parking, Paved Parking, Private
  • Attached Carport Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Carport, Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 1

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock, Monitored, Resident Manager, Security System, Smoke Detector, Sprinkler System - Indoor, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 4630.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Makai
  • HOA Condo Co-Op Amenities: Swimming Pool, Storage Bin, Security, Sauna, Pool - Indoor, Meeting Room, Fitness Center, Elevator, Billiard Room
  • HOA Condo Co-Op Fee Includes: Alarm System, All Ground Fee, Common Area Maintenance, Custodial Services Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds, Sauna, Snow Removal, Water
  • HOA Condo Co-Op Management Type: Professional - On-Site
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Domestic Water, Filtered, Heated, Indoor, Permits

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony, Deck(s)
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: R3
  • Zoning Description: Multi-Family-Condo
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 24000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5436579
  • Tax Annual Amount: 3488.00
  • Assessor Parcel Number: 2410759137
  • Tax Lot: 115
  • Tax Total Finished Sq Ft: 820
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 06/24/2022

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 27, 2022
Sold by
Cheryl Leslie
Bought by
Radomsky Jennifer
Seller's Agent
Christine Tobelmann
Long & Foster Real Estate, Inc.
Buyer's Agent
Carol Proctor
Berkshire Hathaway HomeServices PenFed Realty
List Price
$269,900
Sold Price
$385,000
Premium/Discount to List
$115,100
42.65%
Current Estimated Value
$404,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,764
Avg. Annual Appreciation
1.88%
Original Mortgage
$365,750
Outstanding Balance
$348,504
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$60,352

Purchase Details

Listed on
Mar 11, 2019
Closed on
May 10, 2019
Sold by
Brader Brian S and Brader Kimberly A
Bought by
Leslie Cheryl
Seller's Agent
Benjamin Dawson
Keller Williams Realty Delmarva
Buyer's Agent
Cynthia Hollowell
Coldwell Banker Realty
List Price
$272,000
Sold Price
$267,000
Premium/Discount to List
-$5,000
-1.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.75%
Original Mortgage
$240,300
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2011
Sold by
4201 Coastal Llc
Bought by
Brader Brian S and Brader Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 3, 2011
Sold by
4201 Coastal Llc
Bought by
Brader Brian S and Brader Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Deed -- Maryland Title
Deed $267,000 Mid Atlantic Setmnt Svcs Llc
Deed $240,000 --
Deed $240,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $365,750 New Conventional
Previous Owner $240,300 New Conventional
Previous Owner $240,300 New Conventional
Previous Owner $180,000 Purchase Money Mortgage
Previous Owner $180,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2022 06/24/22 Sold $385,000 +4.1% $470 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/16/2022 05/16/22 Price Changed $369,900 +37.1% $451 / Sq Ft
05/16/2022 05/16/22 For Sale $269,900 +1.1% $329 / Sq Ft
06/07/2019 06/07/19 Sold $267,000 -1.8% $326 / Sq Ft
04/13/2019 04/13/19 Pending -- -- --
03/11/2019 03/11/19 For Sale $272,000 -- $332 / 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 $4,012 $328,267 $0 $0
2024 $4,012 $287,533 $0 $0
2023 $3,468 $246,800 $123,400 $123,400
2022 $3,468 $246,800 $123,400 $123,400
2021 $3,488 $246,800 $123,400 $123,400
2020 $3,469 $246,800 $123,400 $123,400
2019 $3,480 $244,600 $0 $0
2018 $3,414 $242,400 $0 $0
2017 $3,294 $240,200 $0 $0
2016 -- $232,000 $0 $0
2015 $2,940 $223,800 $0 $0
2014 $2,940 $215,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2007854

Bright MLS

APN: 10-759137