NOT LISTED FOR SALE

4400 Coastal Hwy Unit 203 Ocean City, MD 21842

Estimated Value: $441,605 - $527,000

3 Beds
2 Baths
1,320 Sq Ft
$533/mo HOA Fee

Last Sold June 21, 2019

Last sale price $281,000 $213 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,443/month

Highlights

  • Water Oriented
  • Open Floorplan
  • Furnished
  • Ocean City Elementary School Rated A
  • Community Indoor Pool
  • Balcony

About This Home

As of June 2019

Outstanding investment property for rental income or your own beach getaway. Three bedrooms and two full bathrooms. Large, open, spacious layout. Conveniently located on the ocean block, a short distance to the beach. Enjoy the view of the ocean and the bay from your over sized balcony. Balcony shared by the living room and master bedroom. Southern exposure so tons of natural light. Perfect midtown location close to the Ocean City Convention Center, restaurants, shopping, and entertainment. Just steps to the indoor pool and elevator. New living room and dining room furniture. Well maintained and managed building. Lots of building renovations; resurfacing of exterior, walk ways, upgraded lighting, parking lot and markings. Next up is replacement of entry doors and frames, windows, sliders, and railings. One year home warranty included. This is a must see property. Take a look today!

Last Agent to Sell the Property

Eric Cropper

(443) 373-9409 ericcropper@mchsi.com Coldwell Banker Realty Listed on: 04/01/2019

Coldwell Banker Realty

Last Buyer's Agent

Katy Durham

(410) 726-2398 kdurham@cbmove.com Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,822

Year Built

  • Built in 1985

HOA Fees

  • $533 Monthly HOA Fees

Home Design

  • Built-Up Roof

Interior Spaces

  • 1,320 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Furnished
  • Family Room Off Kitchen
  • Combination Dining and Living Room

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Paved Parking
  • On-Street Parking
  • Parking Lot
  • Off-Street Parking
  • 2 Assigned Parking Spaces

Outdoor Features

  • Water Oriented
  • Property is near an ocean
  • Balcony

Location

  • Flood Risk

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Municipal Trash

Listing and Financial Details

  • Tax Lot 7218
  • Assessor Parcel Number 10-290791

Community Details

Overview

  • Association fees include common area maintenance, insurance, management, pool(s), exterior building maintenance
  • Mid-Rise Condominium
  • Regency Place Community
  • Property Manager

Recreation

  • Community Indoor Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,822

Year Built

Built in 1985

Lot Details

0

HOA Fees

$533 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1985
  • Remarks Public: Outstanding investment property for rental income or your own beach getaway. Three bedrooms and two full bathrooms. Large, open, spacious layout. Conveniently located on the ocean block, a short distance to the beach. Enjoy the view of the ocean and the bay from your over sized balcony. Balcony shared by the living room and master bedroom. Southern exposure so tons of natural light. Perfect midtown location close to the Ocean City Convention Center, restaurants, shopping, and entertainment. Just steps to the indoor pool and elevator. New living room and dining room furniture. Well maintained and managed building. Lots of building renovations; resurfacing of exterior, walk ways, upgraded lighting, parking lot and markings. Next up is replacement of entry doors and frames, windows, sliders, and railings. One year home warranty included. This is a must see property. Take a look today!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Electric, Washer, Water Heater
  • Flooring Type: Carpet, Vinyl
  • Interior Amenities: Combination Dining/Living, Family Room Off Kitchen, Floor Plan - Open, Primary Bath(s)
  • Fireplace: No
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 3+
  • Basement: No
  • Total Sq Ft: 1320
  • Living Area Sq Ft: 1320
  • Price Per Sq Ft: 215.91
  • Above Grade Finished Sq Ft: 1320
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 4400

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: Concrete
  • Roof: Built-Up
  • Spa: No
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Paved Parking, Assigned
  • Type Of Parking: Off Street, On Street, Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central, Forced Air
  • 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: 6400.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Amenities: Pool - Indoor
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Management, Pool(s), Ext Bldg Maint
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: Indoor

Fee Information

  • Loss Mitigation 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

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: 012
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Outdoor Living Structures: Balcony
  • Year Assessed: 2018
  • Zoning: R-3
  • In City Limits: Yes

Green Features

  • Clean Green Assessed: No

Rental Info

  • Furnished: Yes
  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Assessor Parcel Number: 5421744
  • Tax Annual Amount: 3822.00
  • Assessor Parcel Number: 10-290791
  • Tax Lot: 7218
  • Tax Total Finished Sq Ft: 1320
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 06/21/2019

MLS Schools

  • School District Name: WORCESTER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
Jun 21, 2019
Sold by
Sardella Gerald and Sardella Betty A
Bought by
Coverdale Beth A and Reed Curtis D
Seller's Agent
Eric Cropper
Coldwell Banker Realty
Buyer's Agent
Katy Durham
Coldwell Banker Realty
List Price
$285,000
Sold Price
$281,000
Premium/Discount to List
-$4,000
-1.4%
Current Estimated Value
$486,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,651
Avg. Annual Appreciation
9.02%
Original Mortgage
$224,800
Outstanding Balance
$196,849
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$289,802

Purchase Details

Closed on
Jun 29, 1988
Sold by
Regency Surf Associates
Bought by
Sardella Gerald and Sardella Betty A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,800
Interest Rate
10.4%
Source: Public Records

Range of Values:

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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
Coverdale Beth A $281,000 Mid Atlantic Setmnt Svcs Llc
Sardella Gerald $131,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coverdale Beth A $224,800
Previous Owner Sardella Gerald $104,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2019 06/21/19 Sold $281,000 -1.4% $213 / Sq Ft
05/15/2019 05/15/19 Pending -- -- --
04/01/2019 04/01/19 For Sale $285,000 -- $216 / 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 $4,356 $319,000 $0 $0
2024 $4,114 $294,800 $0 $0
2023 $3,803 $270,600 $135,300 $135,300
2022 $3,803 $270,600 $135,300 $135,300
2021 $3,824 $270,600 $135,300 $135,300
2020 $3,823 $270,600 $135,300 $135,300
2019 $3,838 $270,600 $135,300 $135,300
2018 $3,811 $270,600 $135,300 $135,300
2017 $4,141 $302,200 $0 $0
2016 -- $291,667 $0 $0
2015 $4,103 $281,133 $0 $0
2014 $4,103 $270,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2019

    Eric Cropper

    Coldwell Banker Realty

    Section Image
  • Katy Durham

    Buyer's Agent in 2019

    Katy Durham

    Coldwell Banker Realty

    (410) 726-2398

    54 in this area

    66 Total Sales

    Katy Durham
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: MDWO104982

Bright MLS

APN: 10-290791

Maryland Worcester County Ocean City 21842

4400 Coastal Hwy Unit 203, Ocean City, MD

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