NOT LISTED FOR SALE

424 Lark Ln Ocean City, MD 21842

Estimated Value: $265,000 - $296,000

2 Beds
1 Bath
792 Sq Ft
$160/mo HOA Fee

Last Sold July 17, 2015

Last sale price $124,000 $157 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $1,835/month

50 Days on Market

Highlights

  • Private Pool
  • Open Floorplan
  • Furnished
  • Ocean City Elementary School Rated A
  • Contemporary Architecture
  • Window Unit Cooling System

About This Home

As of July 2015

You ve found your new beach condo*Pack the flip flops, move right in*Close to restaurants/beach/Boardwalk/ba/ downtown/mid-town/shopping/entertainment* Updated kitchen*New appliances (2104), counter, cabinets*Open living space*Hardwood,moldings,new paint*Super-sized bedrooms fit King or two Queens*Building has new roof &l pool*Fantastic price*Great deal*Don't wait*An OC best buy*Same as MLS495863

Last Agent to Sell the Property

Jeannie Betten

info@sharingoc.com Berkshire Hathaway HomeServices PenFed Realty Listed on: 04/16/2015

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Non Member Member

beta@mris.net Metropolitan Regional Information Systems, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,446

Year Built

  • Built in 1974

HOA Fees

  • $160 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Wood Siding
  • HardiePlank Type

Interior Spaces

  • 792 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Dining Area

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Rented or Permit Required
  • Unassigned Parking

Pool

  • Private Pool

Schools

  • Stephen Decatur High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater
  • Shared Septic
  • Septic Pump

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 203
  • Assessor Parcel Number 2410060125

Community Details

Overview

  • Association fees include exterior building maintenance, insurance, pool(s), reserve funds
  • 75 Units
  • Summer Winds HOA
  • Low-Rise Condominium
  • Summer Winds Community

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,446

Year Built

Built in 1974

Lot Details

0

HOA Fees

$160 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Federal Flood Insurance: Unknown
  • New Construction: No
  • Story List: Main
  • Year Built: 1974
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Dining Area, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 792
  • Living Area Sq Ft: 792
  • Price Per Sq Ft: 161.49
  • Above Grade Finished Sq Ft: 792
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding, Hardiplank Type
  • Pool Private: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required, Unassigned

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Electric
  • Heating Type: Baseboard
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Pump, Shared Septic
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 1920.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Outdoor, Picnic Area, Swimming Pool, Common Grounds
  • HOA Condo Co-Op Fee Includes: Ext Bldg Maint, Insurance, Pool(s), Reserve Funds
  • HOA Name: SUMMER WINDS
  • HOA: Yes
  • Senior Community: No

Schools

  • High School: STEPHEN DECATUR

Lot Info

  • Improvement Assessed Value: 44700.00
  • Land Assessed Value: 44700.00
  • Property Attached Yn: Yes
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 5402071
  • Tax Annual Amount: 1445.72
  • Assessor Parcel Number: 2410060125
  • Tax Lot: 203
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2017
Sold by
Robinson Tara Marie
Bought by
Swisher Shannon
Current Estimated Value
$275,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Outstanding Balance
$93,626
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$181,838

Purchase Details

Listed on
Apr 16, 2015
Closed on
Jul 17, 2015
Sold by
Aurora David W D and Aurora Joan G D
Bought by
Robinson Tara Marie
Seller's Agent
Jeannie Betten
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$127,900
Sold Price
$124,000
Premium/Discount to List
-$3,900
-3.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.98%
Original Mortgage
$111,600
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 24, 2008
Sold by
Sutton Family Llc
Bought by
Daurora David W and Daurora Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,960
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2007
Sold by
Garfinkle Stanley D
Bought by
Joan Sullivan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,960
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 2, 2007
Sold by
Sutton Family Llc
Bought by
Daurora David W and Daurora Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,960
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2007
Sold by
Garfinkle Stanley D
Bought by
Joan Sullivan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,960
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 1997
Sold by
Garfinkle Jay M
Bought by
Garfinkle Stanley D and Garfinkle Harriet F

Purchase Details

Closed on
Jun 9, 1996
Sold by
Gloria Johnson
Bought by
Garfinkle Jay M
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
Swisher Shannon $125,000 Michaels Title & Escrow Llc
Robinson Tara Marie $124,000 First American Title Ins Co
Daurora David W $126,200 --
Sutton Family Llc $108,816 --
Joan Sullivan $200,000 --
Daurora David W $126,200 --
Sutton Family Llc $108,816 --
Joan Sullivan $200,000 --
Garfinkle Stanley D $42,000 --
Garfinkle Jay M $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Swisher Shannon $112,500
Previous Owner Robinson Tara Marie $111,600
Previous Owner Daurora David W $100,960
Previous Owner Sutton Family Llc $100,960
Closed Garfinkle Jay M --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2015 07/17/15 Sold $124,000 -3.0% $157 / Sq Ft
06/05/2015 06/05/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $127,900 -- $161 / 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 $2,717 $199,000 $0 $0
2024 $2,294 $164,400 $0 $0
2023 $1,824 $129,800 $64,900 $64,900
2022 $1,746 $124,267 $0 $0
2021 $1,678 $118,733 $0 $0
2020 $1,599 $113,200 $56,600 $56,600
2019 $1,498 $105,267 $0 $0
2018 $1,371 $97,333 $0 $0
2017 $1,263 $89,400 $0 $0
2016 -- $89,400 $0 $0
2015 $1,768 $89,400 $0 $0
2014 $1,768 $106,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003752311

Bright MLS

APN: 10-060125