NOT LISTED FOR SALE

426 Lark Ln Unit 2W Ocean City, MD 21842

Estimated Value: $270,000 - $344,000

2 Beds
2 Baths
860 Sq Ft
$125/mo HOA Fee

Last Sold March 25, 2020

Last sale price $141,500 $165 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $1,898/month

Highlights

  • Balcony
  • Ocean City Elementary School Rated A
  • Electric Baseboard Heater

About This Home

As of March 2020

Welcome to your new beach condo or next cash flowing rental property! This 2nd floor 2 bedroom 2 full bath condo has low HOA fees of only $125/month. All of kitchen appliances are only three years old and the unit comes partially furnished. --Walking distance to the bay and the beach--Has been successfully rented out for the past 5 years and I can share rental numbers upon request.

Last Agent to Sell the Property

Rob Lawrence

(484) 354-9222 rob@roblawrenceteam.com VRA Realty License #RS341053 Listed on: 09/10/2019

VRA Realty

Last Buyer's Agent

Rosie Beauclair

(410) 251-0321 rosie.beauclair@era.com ERA Martin Associates, Shamrock Division License #RS-0015974

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,602

Year Built

  • Built in 1972

Lot Details

  • 6,186

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Shingle Roof

Interior Spaces

  • 860 Sq Ft Home
  • Property has 1 Level
  • Partially Furnished

Kitchen

  • Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • Driveway
  • On-Street Parking
  • 2 Assigned Parking Spaces

Schools

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

Utilities

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

Additional Features

  • Balcony
  • 1 Common Wall

Listing and Financial Details

  • Tax Lot 5034
  • Assessor Parcel Number 10-060141

Community Details

Overview

  • Association fees include insurance, all ground fee, lawn maintenance, exterior building maintenance
  • Coral Sands HOA, Phone Number (410) 708-8348
  • Low-Rise Condominium
  • Coral Sands Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,602

Year Built

Built in 1972

Lot Details

0

HOA Fees

$125 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
  • Historic: No
  • Inclusions: Washer, Dryer, Dishwasher, Refrigerator, Oven, Bunk bed, 2 twin beds, love seat, coffee table, cutlery and plates, pots and pans, 2 dressers, mirror
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2019-09-19
  • Federal Flood Zone: No
  • Year Built: 1972
  • Remarks Public: Welcome to your new beach condo or next cash flowing rental property! This 2nd floor 2 bedroom 2 full bath condo has low HOA fees of only $125/month. All of kitchen appliances are only three years old and the unit comes partially furnished. --Walking distance to the bay and the beach--Has been successfully rented out for the past 5 years and I can share rental numbers upon request.
  • Washer Dryer Hookups YN: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Oven - Single, Refrigerator, Washer, Dryer, Dishwasher, Microwave
  • Entry Floor: 2
  • Common Walls: 1 Common Wall
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Dryer In Unit, Washer In Unit
  • Total Sq Ft: 860
  • Living Area Sq Ft: 860
  • Price Per Sq Ft: 170.93
  • Above Grade Finished Sq Ft: 860
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 426

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
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Assigned
  • Type Of Parking: Driveway, On Street

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

  • HOA Fees: 125.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Insurance, All Ground Fee, Lawn Maintenance, Ext Bldg Maint
  • HOA Name: CORAL SANDS
  • HOA Phone: 410-708-8348
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: WORCESTER COUNTY PUBLIC SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: STEPHEN DECATUR
  • High School: STEPHEN DECATUR
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121138066543
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: STEPHEN DECATUR
  • Middle Or Junior School: STEPHEN DECATUR

Lot Info

  • Additional Parcels: No
  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2020
  • Zoning: R-2
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Partially
  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 5402073
  • Tax Annual Amount: 1602.00
  • Assessor Parcel Number: 10-060141
  • Tax Lot: 5034
  • Tax Total Finished Sq Ft: 860
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 03/25/2020

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2019
Closed on
Mar 25, 2020
Sold by
David Christopher
Bought by
Colquhoun Thomas
Seller's Agent
Rob Lawrence
VRA Realty
Buyer's Agent
Rosie Beauclair
ERA Martin Associates, Shamrock Division
List Price
$149,000
Sold Price
$141,500
Premium/Discount to List
-$7,500
-5.03%
Current Estimated Value
$303,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,966
Avg. Annual Appreciation
14.71%
Original Mortgage
$106,000
Outstanding Balance
$93,336
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$210,130

Purchase Details

Closed on
Apr 18, 2013
Sold by
Baharoff Gregory and Baharoff Sharon T
Bought by
David Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,100
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2004
Sold by
Everett Sigrist
Bought by
Baharoff Gregory S and Baharoff Sharon T

Purchase Details

Closed on
Dec 11, 2004
Sold by
Everett Sigrist
Bought by
Baharoff Gregory S and Baharoff Sharon T

Purchase Details

Closed on
Apr 21, 2003
Sold by
R & B Dupont Properties Llc
Bought by
Everett Sigrist and Swafford Michael

Purchase Details

Closed on
May 31, 2002
Sold by
Dupont Randall
Bought by
R & B Dupont Properties Llc

Purchase Details

Closed on
Apr 4, 2000
Sold by
Hanna Andrew W
Bought by
Dupont Randall Sr and Dupont Randall Sr Blondena E
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 Buyer Sale Price Title Company
Colquhoun Thomas $141,500 Brennan Title Company
David Christopher $119,000 None Available
Baharoff Gregory S $169,000 --
Baharoff Gregory S $169,000 --
Everett Sigrist $125,000 --
R & B Dupont Properties Llc -- --
Dupont Randall Sr $49,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colquhoun Thomas $106,000
Previous Owner David Christopher $107,100
Closed Everett Sigrist --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2020 03/25/20 Sold $141,500 -3.7% $165 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
02/05/2020 02/05/20 Price Changed $147,000 -1.3% $171 / Sq Ft
01/09/2020 01/09/20 Price Changed $149,000 0.0% $173 / Sq Ft
01/09/2020 01/09/20 For Sale $149,000 +7.2% $173 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $139,000 -- $162 / 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 $1,967 $169,400 $0 $0
2024 $1,967 $141,000 $0 $0
2023 $1,582 $112,600 $56,300 $56,300
2022 $1,582 $112,600 $56,300 $56,300
2021 $1,591 $112,600 $56,300 $56,300
2020 $1,591 $112,600 $56,300 $56,300
2019 $1,602 $112,600 $56,300 $56,300
2018 $1,586 $112,600 $56,300 $56,300
2017 $1,599 $112,600 $0 $0
2016 -- $112,600 $0 $0
2015 $1,868 $112,600 $0 $0
2014 $1,868 $124,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDWO109036

Bright MLS

APN: 10-060141