NOT LISTED FOR SALE

423 Bayshore Dr Unit 6 Ocean City, MD 21842

Estimated Value: $475,000 - $529,000

3 Beds
2 Baths
1,023 Sq Ft
$450/mo HOA Fee

Last Sold April 08, 2022

Last sale price $477,000 $466 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,528/month

Highlights

  • 50 Feet of Waterfront
  • 1 Dock Slip
  • Bay View
  • Ocean City Elementary School Rated A
  • Pier or Dock
  • Furnished

About This Home

As of April 2022

Incredible Direct Bayfront Condo with Boat Slip!! This South facing waterfront condo has 3 bedrooms, 2 full bathrooms, large waterfront covered deck, top floor, boat slip, and was updated in 2019-- Upgrades include plank ceilings, beautiful durable flooring, an open kitchen/family room concept, granite countertops, custom bathrooms and cabinets, barn door accent and more. Enjoy BeachLife Bayfront!!!

Last Agent to Sell the Property

Mitchell David

(443) 614-7048 mitchelldavid06@gmail.com Sheppard Realty Inc License #636139 Listed on: 03/04/2022

Last Buyer's Agent

Katie Quinn

(443) 880-5022 katiesellsoc@gmail.com Berkshire Hathaway HomeServices PenFed Realty-WOC License #656189

Berkshire Hathaway HomeServices PenFed Realty-WOC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,992

Year Built

  • Built in 1971

Lot Details

  • 50 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor

HOA Fees

  • $450 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor

Interior Spaces

  • 1,023 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Bay Views
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Parking Lot
  • Assigned Parking

Outdoor Features

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

Location

  • Flood Risk

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 2410056454

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, reserve funds, trash, water
  • Low-Rise Condominium
  • Six West Community
  • Property Manager

Recreation

  • Pier or Dock

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,992

Year Built

Built in 1971

Lot Details

0

HOA Fees

$450 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
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2022-03-04
  • Federal Flood Zone: Yes
  • Year Built: 1971
  • Automatically Close On Close Date: No
  • Remarks Public: Incredible Direct Bayfront Condo with Boat Slip!! This South facing waterfront condo has 3 bedrooms, 2 full bathrooms, large waterfront covered deck, top floor, boat slip, and was updated in 2019-- Upgrades include plank ceilings, beautiful durable flooring, an open kitchen/family room concept, granite countertops, custom bathrooms and cabinets, barn door accent and more. Enjoy BeachLife Bayfront!!!
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 3
  • Floors In Unit Count: 1
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 1023
  • Living Area Sq Ft: 1023
  • Price Per Sq Ft: 464.32
  • Above Grade Finished Sq Ft: 1023
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 423

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • 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: Combination
  • Exterior Features: Outside Shower
  • View: Bay
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: 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: 450.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Pier/Dock, Reserved/Assigned Parking
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Reserve Funds, Trash, Water
  • HOA: No
  • Senior Community: No

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
  • Year Assessed: 2021
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Pets: Dogs Ok, Cats Ok
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5401783
  • Tax Annual Amount: 2992.00
  • Assessor Parcel Number: 2410056454
  • Tax Lot: 6
  • Tax Total Finished Sq Ft: 1023
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 04/08/2022

Multi Family

  • Federal Flood Zone: AE

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2021
Closed on
May 18, 2021
Sold by
Batt Scott James and Batt Jessica Lyons
Bought by
Cobb Maurice B and Cobb Jeamee I
Seller's Agent
Barbara Busch
Resort Real Estate Inc
Buyer's Agent
Mitchell David
Sheppard Realty Inc
List Price
$399,700
Sold Price
$410,000
Premium/Discount to List
$10,300
2.58%
Current Estimated Value
$509,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,535
Avg. Annual Appreciation
5.03%
Original Mortgage
$369,000
Outstanding Balance
$334,406
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$175,129

Purchase Details

Listed on
Dec 6, 2018
Closed on
Apr 26, 2019
Sold by
Wadel Jodi L and Wadel Dwight L
Bought by
Lyons Batt Scott James and Lyons Batt Jessica
Seller's Agent
Ryan Haley
Atlantic Shores Sotheby's International Realty
Buyer's Agent
Barbara Busch
Resort Real Estate Inc
List Price
$339,900
Sold Price
$327,500
Premium/Discount to List
-$12,400
-3.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.52%
Original Mortgage
$245,625
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 30, 2017
Closed on
Apr 12, 2018
Sold by
Fannie Mae
Bought by
Wadel Jodi L and Wadel Dwight L
Seller's Agent
Sheri Smith
Keller Williams Realty Delmarva
Buyer's Agent
Rhonda Frick
Long & Foster Real Estate, Inc.
List Price
$280,500
Sold Price
$227,000
Premium/Discount to List
-$53,500
-19.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.24%

Purchase Details

Closed on
Apr 24, 2017
Sold by
Owens Ruth I and Owens Richard E
Bought by
Federal National Mortgage Association and Fannie Mae
Source: Public Records

Range of Values:

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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
Cobb Maurice B $410,000 Ocean Investments Title Corp
Lyons Batt Scott James $327,500 Ocean Investments Ttl Corp
Wadel Jodi L $227,000 Resort Land Title & Escrow
Federal National Mortgage Association -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cobb Maurice B $369,000
Previous Owner Lyons Batt Scott James $245,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2022 04/08/22 Sold $477,000 +0.4% $466 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $475,000 +15.9% $464 / Sq Ft
05/18/2021 05/18/21 Sold $410,000 +2.6% $401 / Sq Ft View Prior Sale
04/12/2021 04/12/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $399,700 +22.0% $391 / Sq Ft
04/26/2019 04/26/19 Sold $327,500 -0.7% $320 / Sq Ft View Prior Sale
03/13/2019 03/13/19 Pending -- -- --
02/12/2019 02/12/19 Price Changed $329,900 -2.9% $322 / Sq Ft
12/06/2018 12/06/18 For Sale $339,900 +49.7% $332 / Sq Ft
04/18/2018 04/18/18 Sold $227,000 +0.9% $222 / Sq Ft View Prior Sale
03/21/2018 03/21/18 Pending -- -- --
03/05/2018 03/05/18 Price Changed $224,900 -6.3% $220 / Sq Ft
02/02/2018 02/02/18 Price Changed $239,900 -11.1% $235 / Sq Ft
12/29/2017 12/29/17 Price Changed $269,900 -3.8% $264 / Sq Ft
11/30/2017 11/30/17 For Sale $280,500 -- $274 / 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 $4,874 $356,967 $0 $0
2024 $3,968 $284,333 $0 $0
2023 $2,975 $211,700 $105,800 $105,900
2022 $2,975 $211,700 $105,800 $105,900
2021 $2,992 $211,700 $105,800 $105,900
2020 $2,991 $211,700 $105,800 $105,900
2019 $3,012 $211,700 $105,800 $105,900
2018 $2,982 $211,700 $105,800 $105,900
2017 $2,866 $211,700 $0 $0
2016 $2,866 $211,700 $0 $0
2015 $2,220 $211,700 $0 $0
2014 $2,220 $225,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO2006070

Bright MLS

APN: 10-056454