NOT LISTED FOR SALE

424 Lark Ln Ocean City, MD 21842

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

2 Beds
1 Bath
792 Sq Ft
$250/mo HOA Fee

Last Sold October 08, 2021

Last sale price $205,000 $259 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,925/month

1 Day on Market

Highlights

  • Bayside
  • Coastal Architecture
  • Furnished
  • Ocean City Elementary School Rated A
  • Bamboo Flooring
  • Community Pool with Domestic Water

About This Home

As of October 2021

Introducing Summer Winds E102. An affordably price , first floor, spacious, open floor plan, 2 bedroom condo, in a well maintained complex. This upgraded property features Bamboo flooring, Wainscoting, and wall to wall carpeting. Condo renovations include newer kitchen appliances. Hot water heater 2020. A/C 2019. W/D 2018. Summer Winds Complex upgraded exterior siding to Hardi-Plank. Roof replaced 2013. The Summer Winds complex features an in-ground community pool, picnic tables w/ barbeque area and bicycle storage. 2 permitted parking spaces. Security and surveillance system gives owners peace of mind. Situated in a quiet neighborhood and only a short walk or bike ride to the beach and boardwalk. Jolly Roger's amusements, restaurants and entertainment are only a few blocks away. This condo has an impressive rental history. Last condo in this complex sold within a week. DO NOT hesitate!

Last Agent to Sell the Property

Bud Cumberland

(703) 801-2344 budcumberland@outlook.com Keller Williams Realty Delmarva Listed on: 09/08/2021

Keller Williams Realty Delmarva

Last Buyer's Agent

Sharon Daugherty

(410) 430-4004 sdgclient@outlook.com Keller Williams Realty Delmarva License #SL3435144

Keller Williams Realty Delmarva

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,756

Year Built

  • Built in 1974

Lot Details

  • Two or More Common Walls
  • Property is in very good condition

HOA Fees

  • $250 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 792 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • Wainscoting
  • Ceiling Fan
  • Window Treatments
  • Window Screens
  • Combination Dining and Living Room

Kitchen

  • Built-In Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Bamboo
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Electric Dryer
  • Front Loading Washer

Home Security

  • Exterior Cameras
  • Surveillance System

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Paved Parking
  • Parking Lot
  • Off-Street Parking
  • Parking Permit Included

Schools

  • Ocean City Elementary School
  • Stephen Decatur Middle School
  • Stephen Decatur High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Additional Features

  • Outdoor Grill
  • Bayside

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot E102
  • Assessor Parcel Number 10-060095

Community Details

Overview

  • Association fees include alarm system, common area maintenance, exterior building maintenance, insurance, lawn maintenance, management, pool(s), reserve funds
  • Low-Rise Condominium
  • Beach Island Management Condos, Phone Number (410) 271-1278
  • Summer Winds Community
  • Property Manager

Amenities

  • Picnic Area
  • Common Area

Recreation

  • Community Pool with Domestic Water

Pet Policy

  • Dogs and Cats Allowed

Security

  • Storm Doors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,756

Year Built

Built in 1974

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Garden 1 - 4 Floors
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1974
  • Automatically Close On Close Date: No
  • Washer Dryer Hookups YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer - Electric, Icemaker, Refrigerator, Washer - Front Loading, Water Heater
  • Entry Floor: 1
  • Flooring Type: Bamboo, Carpet, Laminated
  • Interior Amenities: Carpet, Ceiling Fan(s), Combination Dining/Living, Wainscotting, Window Treatments
  • Window Features: Screens
  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Door Features: Storm
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 792
  • Living Area Sq Ft: 792
  • Price Per Sq Ft: 252.40
  • 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, Below Grade
  • Construction Materials: Hardiplank Type
  • Exterior Features: Bbq Grill
  • Spa: No
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Paved Parking, Permit Included
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Parking Lot
  • Parking Lot Number Of Spaces: 2

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Window Unit(s)
  • Electric Service: Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: Exterior Cameras, Smoke Detector, Surveillance Sys
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 3000.00
  • Condo Co-Op Fee Frequency: Annually
  • Condo Co-Op Name: Beach Island Management
  • Condo Co-Op Phone: 410-271-1278
  • HOA Condo Co-Op Amenities: Common Grounds, Picnic Area, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Alarm System, Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Management, Pool(s), Reserve Funds
  • HOA Condo Co-Op Management Type: Professional - Off-Site
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Domestic Water, In Ground

Schools

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Property Condition: Very Good
  • Soil Types: Sandy
  • Zoning: R-2
  • In City Limits: Yes

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 12000.00
  • Vacation Rental: Yes
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5402068
  • Tax Annual Amount: 1756.00
  • Assessor Parcel Number: 10-060095
  • Tax Lot: E102
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Oct 8, 2021
Sold by
Reinsmith Martin
Bought by
Pruski James and Pruski Misti
Seller's Agent
Bud Cumberland
Keller Williams Realty Delmarva
Buyer's Agent
Sharon Daugherty
Keller Williams Realty Delmarva
List Price
$199,900
Sold Price
$205,000
Premium/Discount to List
$5,100
2.55%
Current Estimated Value
$275,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,478
Avg. Annual Appreciation
7.34%

Purchase Details

Closed on
Apr 14, 2010
Sold by
Us Bank National Assoc
Bought by
Reinsmith Martin

Purchase Details

Closed on
May 7, 2004
Sold by
D. Tibbo Shawn and D. Pamela
Bought by
Gray Edward L

Purchase Details

Closed on
Dec 5, 2001
Sold by
Hamilton John W and Hamilton Edith I
Bought by
Tibbo Shawn D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pruski James $205,000 None Available
Reinsmith Martin $105,000 --
Us Bank National Assoc $114,750 --
Gray Edward L $137,000 --
Tibbo Shawn D $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tibbo Shawn D --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $205,000 +2.6% $259 / Sq Ft
09/08/2021 09/08/21 For Sale $199,900 -- $252 / 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 $1,493 $113,200 $56,600 $56,600
2019 $1,498 $105,267 $0 $0
2018 $1,371 $97,333 $0 $0
2017 $1,269 $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: MDWO2002188

Bright MLS

APN: 10-060095