NOT LISTED FOR SALE

Makai Condominiums 4201 Coastal Hwy Unit 404 Ocean City, MD 21842

Estimated Value: $222,460 - $240,000

-- Bed
1 Bath
375 Sq Ft
$178/mo HOA Fee

Last Sold October 30, 2023

Last sale price $207,000 $552 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,558/month

46 Days on Market

Highlights

  • Fitness Center
  • Community Indoor Pool
  • Game Room
  • Ocean City Elementary School Rated A
  • Sauna
  • Elevator

About This Home

As of October 2023

Looking for a great investment property at the beach? Look no further. Here it is. The Makai unit 404. Check out this efficiency with awesome bay views from the private balcony. Enjoy the indoor/outdoor heated pool or relax in the sauna. Located in the central area of Ocean City, you will have easy access to everything there is to enjoy, Beach time, amusement park rides, restaurants, and night life. Current Rentals through VACASA that MUST be honored:
8/3/23 - 8/6/23
8/6/23 - 8/12/23
8/12/23 - 8/15/23
8/15/23 - 8/28/23
9/14/23 - 9/17/23
9/29/23 - 10/2/23
10/5/23 - 10/8/23

Last Agent to Sell the Property

Jeffrey Messick

Berkshire Hathaway HomeServices PenFed Realty-WOC License #RS-0024707 Listed on: 08/06/2023

Berkshire Hathaway HomeServices PenFed Realty-WOC

Last Buyer's Agent

John Lee

Coldwell Banker Realty License #RS-0036494

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,759

Year Built

  • Built in 2007

HOA Fees

  • $178 Monthly HOA Fees

Home Design

  • Stucco

Interior Spaces

  • 1 Full Bathroom
  • 375 Sq Ft Home
  • Property has 1 Level
  • Washer and Dryer Hookup

Parking

  • Parking Lot
  • Off-Street Parking

Accessible Home Design

  • Halls are 48 inches wide or more
  • Doors swing in
  • Doors are 32 inches wide or more
  • Vehicle Transfer Area

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 404
  • Assessor Parcel Number 2410759552

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, health club, insurance, lawn care front, lawn care rear, lawn care side, lawn maintenance, management, pool(s), sauna, trash, cable TV, snow removal
  • Mid-Rise Condominium
  • Makai Community
  • Property Manager

Amenities

  • Game Room
  • Billiard Room
  • Elevator

Recreation

Pet Policy

  • Pets allowed on a case-by-case basis

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,759

Year Built

Built in 2007

Lot Details

0

HOA Fees

$178 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: 32"+ Wide Doors, 48"+ Halls, Doors - Swing In, Vehicle Transfer Area
  • Ownership: Condominium
  • Exclusions: Nothing
  • Inclusions: Everything Shown In Unit
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Entry Floor: 4
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 375
  • Living Area Sq Ft: 375
  • Price Per Sq Ft: 578.67
  • Above Grade Finished Sq Ft: 375
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4201

Beds/Baths

  • 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: Stucco
  • 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, Parking Lot

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
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 534.00
  • Condo Co-Op Fee Frequency: Quarterly
  • HOA Condo Co-Op Amenities: Billiard Room, Elevator, Exercise Room, Extra Storage, Fitness Center, Game Room, Pool - Indoor, Pool - Outdoor, Sauna, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Health Club, Insurance, Lawn Care Front, Lawn Care Rear, Lawn Care Side, Lawn Maintenance, Management, Pool(s), Sauna, Trash, Cable Tv, Snow Removal
  • HOA: No
  • Senior Community: No
  • Community Pool Features: Concrete, Fenced, In Ground, Indoor

Schools

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

Lot Info

  • Horses: No
  • Land Use Code: U
  • Lot Dimensions: 0.00 x 0.00
  • Year Assessed: 2023
  • Zoning: C
  • In City Limits: Yes

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 1759.00
  • Assessor Parcel Number: 2410759552
  • Tax Lot: 404
  • Tax Total Finished Sq Ft: 375
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 10/30/2023

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2023
Closed on
Oct 27, 2023
Sold by
Gortayo Danilo F and Gortayo Angelina T
Bought by
Armitage Margaret A
Seller's Agent
Jeffrey Messick
Berkshire Hathaway HomeServices PenFed Realty-WOC
Buyer's Agent
John Lee
Coldwell Banker Realty
List Price
$217,000
Sold Price
$207,000
Premium/Discount to List
-$10,000
-4.61%
Views
289
Current Estimated Value
$229,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,615
Avg. Annual Appreciation
6.10%
Original Mortgage
$165,000
Outstanding Balance
$162,676
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$65,416

Purchase Details

Closed on
Oct 28, 2010
Sold by
4201 Coastal Llc
Bought by
Gortayo Danilo F and Gortayo Angelina T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,600
Interest Rate
4.41%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Armitage Margaret A $207,000 None Listed On Document
Gortayo Danilo F $127,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armitage Margaret A $165,000
Previous Owner Gortayo Danilo F $93,000
Previous Owner Gortayo Danilo F $101,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2023 10/30/23 Sold $207,000 -4.6% $552 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
08/06/2023 08/06/23 For Sale $217,000 -- $579 / 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
2024 $1,946 $139,433 $0 $0
2023 $1,754 $124,800 $62,400 $62,400
2022 $1,754 $124,800 $62,400 $62,400
2021 $1,764 $124,800 $62,400 $62,400
2020 $1,763 $124,800 $62,400 $62,400
2019 $1,775 $124,800 $62,400 $62,400
2018 $1,758 $124,800 $62,400 $62,400
2017 $1,790 $126,700 $0 $0
2016 -- $126,700 $0 $0
2015 $2,295 $126,700 $0 $0
2014 $2,295 $136,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Messick

    Seller's Agent in 2023

    Jeffrey Messick

    Berkshire Hathaway HomeServices PenFed Realty-WOC

    (410) 251-2196

    44 in this area

    149 Total Sales

    Jeffrey Messick
    Section Image
  • John Lee

    Buyer's Agent in 2023

    John Lee

    Coldwell Banker Realty

    (443) 944-1759

    2 in this area

    67 Total Sales

    John Lee
    Section Image
See All Agents

About Makai Condominiums

Map

Source: Bright MLS

MLS Number: MDWO2015534

Bright MLS

APN: 10-759552

Maryland Worcester County Ocean City 21842

4201 Coastal Hwy Unit 404, Ocean City, MD

This home is located at 4201 Coastal Hwy Unit 404, Ocean City, MD 21842 since 06 August 2023 and is currently estimated at $229,615, approximately $612 per square foot. This property was built in 2007. 4201 Coastal Hwy Unit 404 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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